Nope you won't go to jail. HOWEVER, there is a serious push from the F.D.A. and the F.C.C. the have us label our soaps correctly.And I believe there is also a HUGE push by major manufactures of bath products to shut us down completely. So it is in your best interest to follow cosmetic labeling laws. Marie Gale has a great blog and book on how to do it. Link:
http://www.mariegale.com/
For my label I do an asterisk or two or three to denote something I then add to the end after the official label is complete.
So I copied yours and here is what it would look like if I did it.
Olea Europaea (Olive) Fruit Oil, Cocos Nucifera (coconut oil), Lard/Tallow, Butyrospermum Parkii (Shea Butter) Fruit, fragrance, Hydrated Chromium Oxide, mica, iron oxides, ultramarine, Bis (Glycidoxyphenyl) propane / Bisaminomethylnorbornane copolymer, Aluminum Hydroxide, Yellow 10, Violet 2, Red 28
Yeah. That doesn't look right.
Olea Europaea (Olive) Fruit Oil, Cocos Nucifera (coconut) oil, Lard/Tallow, Butyrospermum Parkii (Shea Butter), fragrance*, Colorant** (Mica and Titanium Dioxide, and iron oxide, and Ferric Ferrocyanide) *essential oils only. **Mica
Also is it lard or tallow?
I actually wouldn't use that colorant because of the iron oxide and ferric ferrocyanide but you get the idea. Mica USED to be mined from the earth and still is when used in certain things (wood stove windows for instance) but for soap and other cosmetics and I imagine a ton of other products, is now mostly lab created.