DCW Newsroom

US Takes Sweeping Action against Russian Banking System

Seeking to further eliminate options for Russia’s use of the international financial system, the US Treasury’s Office of

ICC Revises Guidance on Use of Sanctions Clauses

Stemming from Kuvera Resources Pte Ltd. v. JPMorgan Chase Bank, N.A. where the High Court of Singapore determined that

Hin Leong Founder O.K. Lim Sentenced to 17½ Years

Following his May 2024 conviction on two cheating charges and one count of instigating forgery for the purpose of cheating,

Court Sentences Five in 30- Year-Old LC Scam Case

The Court of the Special Judge, Central Bureau of Investigation (CBI) in Guwahati, India, has fined and sentenced five individuals

Indian Agency Begins Return of Property to Choksi Fraud Victims

From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters

ICC 2024 paper on Sanctions Guidance

source: ICCWBO

November 2024 ICC Banking Commission Meeting Preview

In addition to treatment of two ICC Draft Opinions, highlighting the first day of the next ICC Banking Commission Meeting

Enigio, TradeGo Collaborate on Landmark Digital LC Deal

Canadian Province Proposes Surety Bonds as Option for Securing Municipal Obligations

In a development related to past reporting of standby and bond usage at the municipal level in Canada, the Canadian

China Construction Bank Sued Over LC Fraud Connected to Vesttoo

White Rock, an insurance solutions provider owned by Aon, filed a lawsuit on 27 August 2024 against China Construction Bank