Voluntary self-disclosure is the act of an individual or entity reporting their own past misconduct or violations to a regulatory authority. In the digital asset sector, this typically involves a company or individual admitting to non-compliance with securities laws, AML regulations, or other legal requirements before an enforcement action is initiated. Such disclosures can potentially result in reduced penalties or more favorable settlement terms. It signals cooperation and a commitment to rectification.
Context
News often reports on instances of voluntary self-disclosure by crypto firms facing regulatory scrutiny, particularly concerning unregistered securities offerings or compliance lapses. Regulatory bodies, such as the SEC or DOJ, often provide incentives for such cooperation. The effectiveness of self-disclosure programs is a recurring discussion point in the evolving landscape of digital asset regulation and enforcement.
The Department of Justice's new interagency task force mandates enhanced compliance controls to mitigate infrastructure misuse by transnational crypto fraud networks.
We use cookies to personalize content and marketing, and to analyze our traffic. This helps us maintain the quality of our free resources. manage your preferences below.
Detailed Cookie Preferences
This helps support our free resources through personalized marketing efforts and promotions.
Analytics cookies help us understand how visitors interact with our website, improving user experience and website performance.
Personalization cookies enable us to customize the content and features of our site based on your interactions, offering a more tailored experience.
