The Department of Justice, Department of Commerce’s Bureau of Industry and Security (BIS), and the Department of the Treasury’s Office of Foreign Assets Control (OFAC) today issued a joint compliance note focusing on the voluntary self-disclosure policies that apply to U.S. sanctions, export controls, and other national security laws, including recent updates to certain of those policies. The note highlights the importance and benefits in a company self disclosing any violations or reporting any suspected violations of others.
Read the note here: https://www.bis.doc.gov/index.php/documents/policy-guidance/3302-vsd-tri-seal-compliance-note-7-26-23/file
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