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
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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
LC Statistics: 2Q24 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for Q2 2024.
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
Free Webinar: Navigating Sanctions, Dark Fleet Risks, and Financial Crime Update
A free webinar, offered by the Association of Trade Finance Compliance Professionals (ATFCP), will discuss the latest developments in global