Declinations in Weeks: SDNY's New Voluntary Self-Disclosure Regime

On 24 February 2026, the US Attorney’s Office for the Southern District of New York (SDNY) unveiled a new Corporate Enforcement and Voluntary Self-Disclosure Program for Financial Crimes (SDNY CEP). Under the new approach, SDNY promises qualifying companies a formal declination—even releasing a standard form declination letter—which it commits to provide companies on a conditional basis within two to three weeks of the self-report.... By: K&L Gates LLP