DOJ publishes voluntary self-disclosure policy for corporations

The Department of Justice (DOJ) codified a new policy regarding the voluntary self-disclosure of corporate misconduct, following recent announcements on the updates by agency officials.

The voluntary self-disclosure policy, setting a “nationwide standard” for all U.S. attorney’s offices (USAOs), is effective immediately, the lead prosecutors from the Southern District of New York and Eastern District of New York announced Wednesday in a press release.

The new policy provides companies with incentives to voluntarily self-disclose corporate misconduct before “imminent threat of disclosure or government investigation.”