By SanctionsAI team · Updated 2026-08-09
How to report OFAC violations to regulators
OFAC reporting takes several forms: voluntary self-disclosure, blocking reports, rejection reports, and annual reports.
Types of reports
| Report | When | Deadline |
|---|
| Voluntary self-disclosure | When you discover a violation | ASAP |
| Blocking report | When you block a transaction | 10 business days |
| Rejection report | When you reject a transaction | 10 business days |
| Annual report | Summary of blocked property | September 30 |
Voluntary self-disclosure
If you discover an apparent violation OFAC does not know about, voluntary disclosure can reduce penalties by up to 50%. Include: description, transactions, how discovered, remediation, timeline.
Penalty mitigation: Voluntary disclosure creates presumption of mitigation. Disclose before OFAC discovers independently.
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Free wallet checkerFrequently Asked Questions
- What is voluntary self-disclosure?
- Voluntarily reporting an apparent violation OFAC does not know about. Can reduce penalties by up to 50%.
- When must I file a blocking report?
- Within 10 business days of blocking. File via OFAC online portal.
- What is the annual report?
- Summary of all blocked property, due September 30 each year.
- Can I report anonymously?
- OFAC has no formal anonymous mechanism for regulated entities. Report through counsel.
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