Upcoming Webinar

Upcoming Webinar

Voluntary Self-Disclosures to OFAC: Best Practices and What Can Possibly Go Wrong

Voluntary Self-Disclosures to OFAC: Best Practices and What Can Possibly Go Wrong

Date: Thursday, February 28, 2019

Time: 12:00 PM – 01:15 PM EST | 05:00 PM – 06:15 PM London
06:00 PM – 07:15 PM Amsterdam

Voluntary self-disclosure, or VSD, occurs when a company decides to report a wrongdoing or apparent sanctions violation to OFAC before that violation is discovered by other means. It is no secret that choosing to voluntarily disclose is considered a strong mitigating factor by several regulatory agencies. The U.S Treasury’s Office of Foreign Assets Control (OFAC)strongly encourages companies to voluntarily disclose and the U.S. Department of Justice introduced a VSD program for export control and sanction violations in 2016.

However, does your company or financial institution know when to disclose? Or how to disclose? Or the best practices surrounding VSD?

In this SanctionsAlert.com webinar, join our expert speakers as they discuss the ins and outs of voluntary self-disclosure, potential pitfalls, and best practices for disclosing violations to OFAC and other regulators.

You will learn:

  • The possible benefits and drawbacks associated with making a VSD;
  • How to prepare for scrutiny by OFAC by understanding of the potential violation being disclosed and the reasons it occurred;
  • How to avoid undermining any mitigating credit awarded by the disclosure by taking remedial actions to prevent future violations;
  • How to establish clear delegations of responsibility among employees and management in order to appropriately engage in dealings with OFAC and other U.S. regulators;
  • How to properly prepare for a VSD and to take appropriate actions in the course of the disclosure process with OFAC.

Sign up today! Tell your friends, clients, customers and colleagues about it.

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Registered attendees will receive a Certificate of Attendance to demonstrate required AML training to auditors, and regulators.

M. Jason Rhoades
Alston & Bird

Jason Rhoades is a member of Alston & Bird’s International Trade & Regulatory Team, where he focuses his practice on international sanctions and other financial crimes matters. Jason counsels clients in various industries, including financial services, manufacturing, energy, technology, pharmaceutical, and consumer goods.

Jason previously served as a sanctions compliance and evaluation officer for the Office of Foreign Assets Control, where he conducted compliance reviews of financial institutions and investigations into apparent violations of U.S. sanctions programs.

Jason served in the U.S. Air Force as an electronic warfare officer on the AC-130 gunship. He received his J.D. from Georgetown University.

Cristina Brayton-Lewis
White & Case

Cristina Brayton-Lewis advises clients on a variety of regulatory matters, including compliance with export controls and economic sanctions laws and regulations administered by the US Department of the Treasury’s Office of Foreign Assets Control (OFAC); the US Department of Commerce’s Bureau of Industry and Security (BIS) and the US State Department’s Directorate of Defense Trade Controls (DDTC).

In particular, Cristina focuses on comprehensive primary and secondary sanctions, including those maintained by the United States against Iran, Syria, Sudan, Cuba, the Crimea region of Ukraine and North Korea. She also advises with respect to the sectoral sanctions maintained by the United States against Russia and Venezuela. Cristina’s sanctions expertise includes matters involving designated parties on OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List), including applications to unblock assets.

Cristina also provides compliance advice, such as classification and licensing requirements, under the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR). In addition, she advises clients regarding antiboycott requirements maintained by the Department of Commerce and the Department of the Treasury.

Beyond compliance advice, Cristina also assists with internal investigations of possible sanctions and export control violations, as well as assisting companies with any Voluntary Self-Disclosures (VSD) to the relevant government agencies.

Prior to joining White & Case, Cristina was a Special Assistant Attorney General for the District of Columbia, where she prosecuted criminal matters in Superior Court of DC. She also interned at a leading law firm in Spain.


75 minutes


Anna Sayre, Legal Content Writer, SanctionsAlert.com

Are you an ACSS or SanctionsAlert Member? This Webinar is included in your membership. Members do NOT need to register for this webinar to attend, but will receive complimentary log in details via email.