Erich Ferrari

Ferrari & Associates, P.C., is known globally for providing expert legal representation in U.S. economic and trade sanctions matters under the jurisdiction of the United States Department of the Treasury's Office of Foreign Assets Control (OFAC). These representations include defense of IEEPA based prosecutions for violations of U.S. sanctions brought by the Department of Justice, and removal of names from the Specially Designated Nationals and Blocked Persons (SDN) List. This area of law is very specific and requires the guidance of lawyers who possess a clear understanding of the law and policies underlying OFAC sanctions, and who have experience in understanding of OFAC operates procedurally. Their team of experienced OFAC attorneys have the knowledge, resources and experience necessary to represent sophisticated clientele across the nation and all over world on any matter that may relate to OFAC sanctions.

The firm is located in Washington D.C. - directly across the street from the U.S. Department of the Treasury, home to OFAC - but represents parties from all over the world in OFAC sanctions cases, with a high rate of success. For example, Ferrari & Associates has represented parties in over 15 matters involving prosecutions or investigation of IEEPA criminal charges for violations of sanctions and export control regulations; 30 OFAC enforcement investigations, including responding to OFAC administrative subpoenas and request for information on behalf of financial institutions, corporations and private individuals; 30 matters involved removal from the OFAC SDN List, and the BIS Entity and Unverified Lists; as well as over 210 matters involving OFAC licensing and OFAC compliance.

Through these OFAC representations the firm has removed parties from the OFAC SDN List with an over 80% success rate, successfully unblocked millions of dollars blocked by banks due to OFAC prohibitions, and received acquittals and non-prosecution agreements for clients facing prosecution and investigation for IEEPA based criminal charges arising from OFAC sanctions and export control violations.

Ferrari & Associates also provides OFAC compliance counseling for financial institutions, companies across industry sectors, including domestic and foreign businesses in the shipping, insurance, and energy sectors. As a sophisticated OFAC sanctions practice, Ferrari & Associates understands the system from a procedural perspective and knows how to use this knowledge to the advantage of their clients.