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
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?
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
Indian Corporate First to Use SWIFT India’s e-Bank Guarantee Platform
Natural gas company GAIL Limited, in coordination with Axis Bank, has announced it is the first Indian corporate to go
Bangladesh Curbs TBML
On a positive note, Bangladesh has experienced a sharp decline in trade-based money laundering in recent months “following intensifying monitoring