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ARTICLE · 14 FEBRUARY 2024

BIS Unveils Enhanced Voluntary Self Disclosure Protocols

On January 16, 2024, the Bureau of Industry and Security (BIS) under Assistant Secretary for Export Enforcement, Matthew Axelrod, disclosed significant enhancements to the process for Voluntary Self-Disclosures...

United StatesInternational Law

On January 16, 2024, the Bureau of Industry and Security (BIS) under Assistant Secretary for Export Enforcement, Matthew Axelrod, disclosed significant enhancements to the process for Voluntary Self-Disclosures (VSDs) related to the Export Administration Regulations (EAR). These adjustments are strategically designed to streamline export control compliance for U.S. governmental bodies, the commercial sector, and academic entities.

Accompanied by a Memorandum from the Office of Export Enforcement (OEE), these updates are now integrated into the BIS VSD online information portal.

A VSD is a process encouraged by BIS for parties who suspect that they may have violated the Export Administration Regulations (EAR), which are U.S. export control requirements. By submitting a VSD, parties demonstrate their commitment to compliance and provide valuable information to the BIS regarding potential violations.

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