Situation
A subsidiary of a French listed company, operating in a jurisdiction facing heightened compliance scrutiny, had accumulated substantial cash reserves that needed to be repatriated to the French HQ.
Industry
Consumer goods (FMCG) manufacturing
Company size
Large — publicly listed group — EUR 2 billion annual turnover — 16,000 staff
As the geopolitical environment around that jurisdiction shifted, the client's traditional banking partners progressively declined to receive the funds, citing reputational exposure and due diligence requirements beyond their appetite — leaving EUR 100M immobilised with no visible way out.
The group had EUR 100 million immobilised in a jurisdiction under heightened scrutiny, with the funds unable to move for more than two years. None of its existing banking partners was willing to receive the transfer. As the parent company was publicly listed, any solution also had to satisfy extensive due diligence requirements and remain fully documented and auditable.
New compliant banking relationship established for future flows
Balance sheet liquidity restored after 2 years of immobilised cash
Repatriation completed through a fully documented and auditable process
