Banking relationships restored for multinational law and intellectual property firm
Situation:
A multinational law and intellectual property firm operating across multiple embargoed jurisdictions faced escalating scrutiny from U.S. financial institutions tied to sanctions exposure and cross-border operations. The firm required guidance on maintaining lawful international operations while addressing concerns surrounding banking access, sanctions controls, and institutional compliance expectations.
Stakes:
The loss of U.S. banking relationships created significant operational and reputational risk for the firm, including disruptions to international payments, client servicing limitations, heightened compliance review, and exposure tied to operations in embargoed jurisdictions. The matter required both regulatory analysis and practical remediation capable of satisfying financial institutions evaluating ongoing sanctions risk.
Result:
Ferrari & Associates represented the client in successfully re-establishing banking relationships with U.S. financial institutions while advising on enhancements to the firm’s sanctions compliance policies and internal procedures. The engagement involved aligning operational controls, documentation practices, and compliance frameworks with the expectations of counterparties and financial institutions overseeing cross-border sanctions exposure.
