Sharon Cohen Levin, a partner in S&C’s Criminal Defense and Investigations Group, and Amanda Houle, a special counsel in the Firm’s Litigation Group, discussed enhancements to the Bureau of Industry and Security’s Voluntary Self-Disclosure Policies and BIS’s approach to identifying export control violations in New York University School of Law’s Compliance & Enforcement Blog.
Sharon and Amanda explored the steps BIS has taken to increase the likelihood of financial institutions to identify and report suspected export control violations. They also discussed the enhanced reporting system that ensures export violations are flagged and reviewed more efficiently.
Wisdom Onwuchekwa-Banogu, an associate at Sullivan & Cromwell, provided significant contributions to this article.
Read “Changes to BIS’s VSD Policies Tip the Scales in Favor of Self-Disclosure.”