Case Study: How a European Company Structured Cross-Border Payments Through Serbia in Compliance with Banking and Regulatory Requirements

Against the backdrop of sanctions-related restrictions and increasingly complex cross-border payment processes, many European companies face challenges when settling transactions with counterparties in the CIS and Central Asian countries. REVERA assisted a European medical equipment supplier in establishing a lawful and sustainable cross-border payment structure through Serbia.

Client’s Challenge

The client needed to:

• receive payments from counterparties in the CIS;
• make payments to suppliers in the EU;
• conduct re-export transactions;
• fully comply with banking requirements, sanctions regulations, and currency control and AML compliance obligations.

Why Serbia?

At the time of the project, certain Serbian banks were prepared to service international trade transactions involving counterparties from both the EU and the CIS, provided that the transaction structure was transparent, KYC/AML procedures were successfully completed, and a comprehensive set of supporting documents was submitted.

This enabled the company to process payments in both euros and Russian rubles while ensuring full verification of the supply chain, including contracts, invoices, transport documents, and other supporting documentation.

What We Did

REVERA’s team:

• conducted a comprehensive legal and compliance review of the client’s corporate structure, supply chains, and cash flows;
• designed and agreed with the bank on a compliant framework for servicing international trade transactions;
• prepared the corporate documentation, KYC package, and source-of-funds documentation;
• assisted the client throughout the identification process and corporate bank account opening;
• implemented a payment model that met all banking and compliance requirements.

The Result

As a result, the client obtained a fully operational banking and legal infrastructure for international trade and cross-border payments.

The company retained the ability to work with customers in the CIS and suppliers in the European Union while complying with applicable legislation, currency regulations, banking requirements, and AML compliance standards.

REVERA advises international businesses on banking, corporate structuring, and cross-border payment solutions in accordance with applicable legislation, sanctions regulations, and banking compliance requirements. If your company is facing challenges with international payments, opening corporate bank accounts, processing transactions between the EU and the CIS, or structuring foreign trade operations, our team can help develop a lawful and sustainable solution.

Typical Client Requests

Clients approach us with matters including:

• international and cross-border payment challenges;
• opening corporate bank accounts for international business;
• structuring payment flows between the EU, Serbia, and other jurisdictions;
• sanctions risk assessment for international trade transactions;
• legal support for re-export operations;
• corporate structuring for international businesses;
• assistance with KYC and AML procedures required by financial institutions.

How We Can Help

REVERA supports international businesses with banking solutions, corporate structuring, sanctions compliance, and the organisation of cross-border payment systems.

If your company is experiencing difficulties with international payments, opening corporate bank accounts, processing transactions between the EU and the CIS, or establishing a compliant international trade structure, our specialists will help you develop a legally sound and sustainable solution tailored to applicable legal, regulatory, and banking compliance requirements.

Need a secure and reliable cross-border payment structure? Contact REVERA today to discuss your business needs.