Venture capital firm self-reports sanctions violations of M&A target to DOJ, receives declination
By 
Aaron Nicodemus2025-06-17T19:34:00
After self-reporting that a recently purchased subsidiary had broken U.S. sanctions and export control laws, a Texas-based venture capital fund will receive no penalty from the U.S. Department of Justice (DOJ).
The DOJ announced Monday that it issued the declination to White Deer Management in December 2024 for “uncovering a hidden history of sanctions violations” by an acquisition target, Unicat Technologies, as well as Unicat’s founder and former CEO, Mani Erfan.
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