Christopher Byrnes

Payra Thermal Power Plant in Bangladesh Resumes Production After Coal Shortage

Bangladesh’s largest power plant has resumed production on 25 June 2023 after a 20-day hiatus caused by a

Energy LEAP Drafts Compliance Clauses for Russian Sanctions

Following coordination of price cap sanctions on Russian origin crude oil and petroleum products first put in place in December

Price Checking Goods: Overrated & Underwhelming

For years, compliance specialists within banks have been skeptical that the price checking of traded goods is an effective measure

Former Steel Executive Accused of Fraudulently Obtaining LCs

Risks of Email Presentation under LCs Addressed in ICC Briefing Paper

error in initial date in DCW PDF but fixed here.

Warehouse Woes: Is Foshan to be the Next Qingdao?

Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,

OFAC Sanctions 4 Entities for Aiding Sudanese Conflict

On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies

Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack

Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?

First Citizens, Flagstar Climb in US LC Rankings

link to Stats or remove reference

Singapore Registry Aims to Thwart Trade Finance Fraud

In a move designed to counteract the risk of duplicate financing and elevate confidence in trade financing dealings among banks

ICC Initiates Proposal on API Industry Standards for Guarantees & Standbys

On 5 June 2023, the ICC Banking Commission released the findings and proposals of its working group concerning API Industry