Voluntary Disclosures

When you’ve made a mistake, it's best to admit it. But you don’t have to go it alone.

Even the best compliance systems encounter problems. Rather than hiding your mistakes, the U.S. Government encourages companies to submit a voluntary self disclosure. This can be an important step to clear-up past issues and get your organization on the right track towards improved trade compliance.

Voluntary Disclosures can:

  • Serve as a mitigating factor to reduce potential fines and penalties
  • Show the government that your organization is serious about improving
  • Put your company on a solid foundation of compliance going forward

Disclosure “Don’ts”

  • Do not inundate the government with separate disclosures every time you encounter a problem. Instead, conduct a thorough investigation of past violations and then coordinate comprehensive disclosure(s) to the appropriate agencies.
  • Do not stall and delay. Time is of the essence.
  • Do not ignore government requests for more information or clarity.
  • Do not lie! Honesty is always the best policy.

We can help with your disclosure by:

  • Conducting a thorough examination to identify all of your problems
  • Identifying mitigating factors to help reduce penalties
  • Working with you to develop and implement corrective actions
  • Acting as a liaison with government officials to resolve and close-out your case

When handled correctly, a Voluntary Disclosure can help your company clear-up its compliance issues and create a "clean slate" to move forward. However, when handled poorly, a disclosure can lead to more problems, including potential fines, penalties and other remedial compliance measures. Let us work with you to ensure the best possible outcome.