The U.S. Justice Department has revised its enforcement policy on export control and sanctions in an effort to incentivize companies to voluntarily disclose potential violations and cooperate with investigations. The revised guidance comes as the Justice Department continues to standardize its voluntary disclosure policies across divisions. “We need the private sector to come forward and work with DOJ.”Newsletter Sign-upThe revised policy builds upon a guidance issued in October 2016. The guidance pertains to potential violations of the Arms Export Control Act, the Export Control Reform Act and the International Emergency Economic Powers Act. The Justice Department this year has issued guidance on various aspects of corporate compliance.

Source: Wall Street Journal December 13, 2019 23:03 UTC