Preparing Voluntary Self-Disclosures: Requirements, Best Practices, and Pitfalls to Avoid

From time to time, companies may discover that they’ve violated export or economic sanctions and must decide whether or not to self-disclose to the U.S. government agency enforcing the violated regulation. When considering a voluntary self-disclosure (VSD), companies must take into account all facts and circumstances leading to the potential violation, as well as the advantages and disadvantages associated with self-disclosures. This decision may not be an easy one, as frequently top-level executives know very little about export compliance, and some companies may not be certain of the jurisdiction that applies to their products (e.g., whether their products are dual-use or defense). This webinar will walk you through the basic VSD requirements as stated in the regulations and agency-issued guidance as well as best practices to maximize your chances of obtaining favorable results.