Erich Ferrari is singled out for his “excellent reputation” in the international trade market, with one source noting, “Everyone sings his praises.”
As the founder and principal of Ferrari & Associates, PC, Mr Ferrari represents US and foreign corporations, financial institutions, exporters, insurers and private individuals in trade compliance, regulatory licensing matters, and federal investigations and prosecutions. He frequently represents clients before the United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) and the United States Department of Commerce’s Bureau of Industry and Security (BIS), as well as in federal courts around the country. With over 13 years of experience in national security law, exports control and US economic sanctions, he counsels across industry sectors representing parties in a wide range of matters from ensuring compliance to defending against federal prosecutions and pursuing federal appeals.
Mr Ferrari’s representations before OFAC frequently involve investigations concerning violations of the Iranian Transactions and Sanctions Regulations, the Ukraine-/Russia-related Sanctions Regulations and the Venezuela Sanctions Regulations. As part of these representations, he has worked to have names removed from OFAC’s Specially Designated Nationals and Blocked Persons List (SDN List); answer administrative subpoenas issued during the course of an OFAC enforcement investigations; procure OFAC-specific licences to engage in transactions prohibited by OFAC regulations; draft OFAC voluntary self-disclosures; develop and implement OFAC compliance programmes for international import-export companies; and provide general counseling on OFAC related matters.
Mr Ferrari has also served as lead trial counsel on a number of complex federal criminal matters. He is a seasoned litigator who has obtained mistrials and acquittals for his clients in various matters, including in prosecutions for smuggling, and International Emergency Economic Powers Act-based export control and sanctions charges. He has also successfully handled cases related to mail and wire fraud, tax fraud and money laundering, as well as federal criminal appeals. These representations have occurred in various courts across the US and have involved domestic and international clients.
Mr Ferrari’s civil litigation experience includes numerous lawsuits against OFAC arising from blocking both of assets, as well as those targeting parties under the Foreign Narcotics Trafficking Kingpin Designation Act (Kingpin Act), EO 13661, EO 13224, and a variety of other sanctions authorities.
A sample of the cases in which Mr Ferrari has provided representation include: Deripaska v US Department of the Treasury, et al, Joumaa v Mnuchin, Zevallos v Obama, US v Zarrab, US v Henry and US v Lahiji. He has also represented multinational corporations, and US and international financial institutions in OFAC investigations; provided general advice and counselling on OFAC sanctions to domestic and international financial institutions; unblocked funds that have been improperly blocked by US financial institutions; drafted OFAC compliance policies and procedures for multinational corporations, as well as domestic and international financial institutions; and orchestrated dozens of removals under various programmes of both private individuals and corporate entities from the OFAC SDN List.
Mr Ferrari actively writes on OFAC-administered trade sanctions and routinely writes on those matters for publication. In addition, he is often called upon by media outlets to speak on US trade sanctions issues. He has been interviewed on OFAC-related issues by CNN, The New York Times, The Washington Post, Forbes magazine and The Wall Street Journal. He is also the founder and executive editor of the US economic sanctions blog and research site, www.sanctionlaw.com.