Self-Reporting Program

The Office has adopted the SDNY Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes. The purpose of this program is to encourage early voluntary self-disclosure of criminal conduct, to promote timely and effective enforcement of criminal laws, to encourage repayment of victims, and to provide companies with greater certainty when reporting potential financial misconduct to federal prosecutors. Under this program, eligible companies that self-report qualifying illegal activity, cooperate fully, and remediate harm caused by misconduct will have a clear, agreed-upon path to a declination. Specifically, shortly after a company makes a self-report, the Office will issue a conditional declination letter stating its intent to decline prosecution against the company, conditioned on the company’s cooperation with the Office’s investigation and satisfaction of all eligibility requirements, including full restitution of victim losses. Upon a company’s fulfillment of its cooperation and remediation obligations and payment of restitution, the Office will issue a final declination notice, concluding the matter without criminal charges. 

SDNY Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes

Model Conditional Declination Letter