July 2026
DCW Monthly: July 2026
Courts have been circling the same idea since 1765: the bank pays unless there is fraud. What they have never
232 articles
(Page 5)
DCW Updates
DCW LC Stats Sourcing Explained
On a quarterly basis, DCW publishes LC issuance statistics for the Top 600 US banks. For many DCW readers these
DCW Scam Survey
Group Accused of Duping Indian Pharma Trader with Fake LC
Six owners and associates of Prizam Alliance Pvt Ltd. of Surat, India, are under investigation by the Economic Crime Prevention
UCC Section 5‑108(g)
US Rev UCC 5-108(g)
US Rev UCC 5-108(g) states: “If an undertaking constituting a letter of credit under Section 5‑102(a)
DCW Updates
Forged LC Case Underscores Need for Due Diligence
Shockwaves went through the reinsurance industry when reports surfaced in July 2023 that employees of the Israeli insurtech Vesttoo Ltd.
DCW Updates
Sri Lanka Customs Action Leads to Vehicles Sitting Idle at Port
Sri Lanka’s vehicle imports are typically backed by cross-border letters of credit which has been the industry norm
DCW Updates
Singapore Court Affirms Judgment in Misdelivery Case
Further to a case previously analyzed in DCW, a Singapore Court of Appeal has affirmed the decision in The “Maersk
DCW Scam Survey
Man Extradited to US to Face Host of Fraud Charges
A Nigerian man believed to have conspired with others to pursue fraudulent tax return refunds of at least USD 8.
DCW LC Statistics
LC Statistics: 2Q25 US Bank LC Issuance
DCW delivers quarterly LC issuance statistics from the top 600 US-based banks. Here’s the latest data for 2Q 2025.
DCW Updates
UNCITRAL Approves Draft UN Convention on Negotiable Cargo Documents
On 14 July 2025, the United Nations Commission on International Trade Law (UNCITRAL) announced its approval of the draft convention
DCW Updates
BAFT Releases Paper on ISO 20022 Migration in Sanctions & Compliance
As the latest installment in its series of papers on the financial industry’s shift to ISO 20022 messaging standards,
DCW Updates
In Memoriam: Fred Miller
Frederick “Fred” Heins Miller, Jr, professor of law at the University of Oklahoma for 45 years, died on 13 February
DCW Scam Survey
Zimbabwe Businessman Loses Funds in Standby LC Investment Scheme
Although not near as commonplace as in the 1990s, standby letters of credit are still being pitched as investment instruments.