SDNY’s New Declination Policy

Easier Self-Reporting, Fewer Consequences

Posted 2/27/26

The Southern District of New York (SDNY) has unveiled a sweeping new policy that offers corporations unprecedented incentives to self-disclose misconduct. Under the program, eligible firms that self-report financial crimes early, fully cooperate, and remediate harm can receive conditional and final declination letters – meaning no prosecution, no fines, and no monitors if they meet their obligations.

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