DCW Updates
DCW Monthly: August 2025
From courtrooms in Illinois to conference halls in Singapore, this issue unpacks the rulings, risks, and rule debates in today’
Authors
Jacob Manning is now in academia and is inactive in the industry but was a Partner at the law firm of Dinsmore & Shohl and DCW Scam Survey Editor.
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Professor James E. BYRNE was the Founder and Director of the Institute of International Banking Law & Practice, Inc. and taught at George Mason University School of Law.
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Chris Sandler is the COO of the Institute of International Banking Law & Practice, the organization which produces DCW. Reach Chris at sandler@iiblp.org
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Dave Meynell is owner of Trade LC Advisory, and co-owner of TradeFinance.training.
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Michael is the CEO of IIBLP and the Publisher of DCW. Michael has over 25 years of professional experience including 15 in trade finance and compliance, and has written and spoken extensively.
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Mr. Saibo Jin is a Senior Partner of Beijing Jincheng Tongda & Neal Law Firm and a member of the ICC Banking Commission's Technical Adviser team.
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DCW Readers Speak. Feedback is welcomed in the "Comments" field below or may be sent to: dcw@iiblp.org
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Pavel Andrle is an international trainer and consultant. He is the founder of Trade Finance Consulting, s.r.o., www.tradefinanceconsulting.com. He can be reached at: pa@cmail.cz.
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Buddy Baker is Vice President, Investment Banking, at Goldman Sachs Bank USA, Chicago, IL, and US representative to the ICC Banking Commission.
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Francisco Rodriguez, CDCS, GLS is an international trade services practitioner.
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Zahoor Dattu is a Senior Trade Services Specialist at Wells Fargo Bank NA, USA. The views expressed are those of the author and do not represent the views of Wells Fargo Bank.
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Jun Xu is Director Senior Manager at Bank of China, Jiangsu Branch, China and Vice Chair of ICC Banking Commission Steering Committee.
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Chang Soon Thomas Song, Esq. is Senior Advisor / Attorney at Law in the Trade Services Department of KEB Hana Bank, Seoul, Korea. He can be reached by email at: changsoonthomas@gmail.com
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Gabriel SHAM is an independent consultant providing training and advice on trade finance matters to banks and corporates. He is a DCW Editorial Advisory Board Member.
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Ravi Kumar Jinugu is a Senior Trade Associate at Bank of New Zealand. He has been working in international trade for more than 15 years. He has CDCS and a Certificate in Trade Finance from the IIBF.
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Tat Yeen Yap is Managing Director Asia-Pacific at MonetaGo, a financial technology company that specialises in duplicate financing fraud prevention for trade finance. Email: tatyeen@monetago.com
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Dr. SOH Chee Seng is Technical Consultant to the Association of Banks in Singapore (ABS), Associate Director of the Institute of International Banking Law & Practice, and a Contributing Editor to DCW.
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Byron McKinney is a director for trade finance and compliance solutions at S&P Global Market Intelligence. He has over 20 years of experience across the commodity and trade finance markets.
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Robert Parson is a partner at Squire Patton Boggs based in the London office and specialising in commodities and shipping.
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HEI Zuqing is a Distinguished Researcher of ZIBS (International Business School, Zhejiang University) and Graduate Mentor at Nankai University.
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David Tannenbaum is the founder of Blackstone Compliance Services, focusing on AML and sanctions for FIs. David began his career at OFAC.
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Nizardeen is the Vice Chair of the ICC Banking Commission and CEO of CIB Bank.
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Michael Evan Avidon is Senior Counsel in the New York City law firm of Moses & Singer LLP, where he co-chairs the firm's Banking and Finance Practice.
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A.T.M. Nesarul Hoque is EVP at Mutual Trust Bank in Bangladesh. He is a WG member of ISBP 821E, Member of ICC Technical Advisory Briefings (TAB), DOCDEX expert, and DCW EAB member.
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James G. Barnes is retired from Baker McKenzie and a long-time author/co-author of the Letters of Credit annual survey.
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Rupnarayan Bose is a former banker with SBI, headed two banks in East Africa; faculty and trainer, author of eight books and many articles on trade finance.
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Abdurrahman Özalp is a trade finance consultant and Chairman of the ICC Türkiye Banking Commission.
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Chenhao ZHANG, lawyer, is an associate at Beijing Jincheng Tongda & Neal Law Firm. Zhang received his JD from the University of Iowa. He is a member of Mr. Saibo JIN’s team at present.
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Dr. Alan Davidson is an academic at the TC Beirne School of Law at the University of Queensland.
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Claire Franklin is a Director at Deloitte Financial Advisory. She can be reached at: cfranklin@deloitte.com
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Sarah Beth Felix is the CEO of Palmera Consulting. She has over 20 years of experience in anti-financial crime, working with banks, payment firms, and global fintechs.
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Dr. Hasan Apaydin is a member of the ICC Turkiye National Committee since 2006, has participated on task forces, and is currently a member of several task forces. He is a trainer, mentor, advisor.
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Wanda LU, lawyer, is an associate at Beijing Jincheng Tongda & Neal Law Firm. Lu received his LLM from University of Emory. Mr. Lu is also a member of Beijing Financial Service Law Association.
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Glenn Ransier is a Technical Advisor to the ICC, a drafting member of the URDG758 and a Principal Product Manager with Wells Fargo Bank NA.
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Khalil MATAR CDCS, CCSA, CRMA, CIA, CFSA, MBA is Deputy General Manager, Internal Audit Group, Alinma Bank, Saudi Arabia. Mr. Matar has been involved in trade finance since 1992.
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Scott Scrosati has worked in trade finance at National Bank of Canada, including as Senior Advisor and as a Manager of Trade Operations, for over 15 years. He holds the CDCS and CTFC designations.
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Saskia Rietbroek (CSS), is the Executive Director and Co-Founder of the Association of Certified Sanctions Specialists (ACSS), an association for sanctions professionals.
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Mark W. Warren is a Senior Vice President and Associate General Counsel of M&T Bank in Buffalo, New York. He previously worked for FDIC in New York City.
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Roger Fayers, Barrister (UK), is a former legal advisor in the Department of Trade and Industry and a DCW Editorial Advisory Board member.
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Muhammad Ali Haider Khan is manager of trade operations and governance for overseas banking at Habib Bank Limited based in Pakistan. He has over a decade of experience in the field of trade finance.
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Amr KAMAL, owner of Guarantee and Standby Global Consulting Limited, a consultation office specializing in guarantee and standby business worldwide.
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Raman is a Director at BlackStone & Gold LLC. Her expertise covers a broad range of international trade and construction related issues in the energy and commodities sector.
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Nathan Hummel is the Relationship Manager covering Financial Institutions at Allianz Trade in the Americas. He has served as Head of Trade Finance at Capital One and WSFS Bank.
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Tugba Arslan is a member of the ICC Turkiye National Committee. She is a trainer for ICC Turkiye. She is CDCS, CSCF, SME advisor (level 6), and Foreign Trade Executive for an international company.
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Otar Tabutsadze is Head of the Trade Finance Department at PASHA Bank in Tbilisi, Georgia.
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Jorge Riva is an Argentine lawyer and member of the Argentine Banking Commission (ICC Argentina). He has written several books on international trade and exchange markets.
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Isabel Baldock is an Associate Director – Deloitte Forensic & Financial Crime. She can be reached at: imendezalvarez@deloitte.com
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Hugo VERSCHOREN is Chief Expert of the Centre of Excellence for Trade Finance Services and Manager of the Middle Office Trade Finance Services at ING and is based in Belgium.
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Iqbal Karmally, former Head of Trade Finance at an Islamic bank in UAE, is a Pakistan-based freelance trainer specializing in both conventional and Islamic trade finance.
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Abbas Raza Varyala, EVP/Head of Trade Business at Bank Al Habib Limited, Pakistan, is a Certified Shariah Advisor and Auditor (CSAA) accredited by AAOIFI, Bahrain.
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Gyanendra Prasad is a Senior Trade Manager at BNP Paribas based in New York.
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Baldev is the Managing Director of BlackStone & Gold LLC, a specialist international trade law firm based in Singapore. He is a leading expert in oil & gas and commodities.
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Gary Collyer is Managing Director of Collyer Consulting Global Ltd and Technical Editor of the ICC Banking Commission. Collyer is a co-owner of www.tradefinance.training
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David Williams is a London-based, English-qualified solicitor in a leading multinational bank. He has over 10 years’ experience in trade and commodity finance in private practice and in-house.
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Dr Cayle Lupton is a Senior Lecturer of Law in the Faculty of Law at the University of Johannesburg and Director of the Centre for Banking Law.
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Dr Jonathan Brewer OBE is a Visiting Professor at King’s College London, based in New York. He consultants on sanctions and WMD proliferation and a former Acting Coordinator of the UN Panel on DPRK.
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Peter DelGrosso is a senior executive with over 37 years at Mizuho Bank, with extensive expertise in ops management and cross-regional leadership, having served in key roles in the Americas and APAC.
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Ed is a trade finance and compliance professional, having worked at global banks and the regulatory space with the Office of the Comptroller of the Currency. Prior to trade, Ed served in the US Army.
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Joseph Nisa is Attorney-at-Law and Chief Executive Officer of NISA Law Firm, a global boutique law firm based in Montreal, Canada, specializing in international banking and finance law and practice.
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Marek Dubovec is Director of Law Reform Programs at the International Law Institute and the American Law Institute delegate to the Study/Drafting Committee that produced the 2022 UCC Amendments.
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Dan Taylor retired as the Executive Director of BAFT-IFSA and it's prior iterations, formerly IFSA and originally USCIB.
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Pradeep Taneja was the Co-Chairman of ICC Bahrain. He retired from Bank ABC, Bahrain and had set up his own consulting firm. Pradeep passed away in 2025.
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René Bricault (CSDG) has worked in trade finance as Expert Advisor for Standby Letters of Credit and Demand Guarantees for 15 years. He has held the CSDG designation since 2015.
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Stéphanie Deschoemaeker, CDCS, Senior Trade Expert – Doc Business & Financing at BNP Paribas. Stéphanie has been working in international banking for more than 15 years.
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Vincent O’BRIEN is Associate Director of IIBLP, Director of ICC UAE, has been a longtime consultant and trainer for EBRD.
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Xavier FORNT, Professor of International Banking at Barcelona School of Management and ESCI, University Pompeu Fabra.
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ZHAO Jing is a business manager in the trade service center at China Construction Bank. She has worked with documentary credits and documentary collections for eight years and has CDCS certification.
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Tom Cardamone, Jr. is the President of Global Financial Integrity, a Washington, DC-based think tank focused on illicit financial flows, corruption, illicit trade and money laundering.
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Chin Aik SOH is currently offering structuring and trade finance consultancy services. His email address is sohca@singnet.com.sg
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Kristine Siebel retired after a long career in Standby LCs, from Manny Hanny, through the JPM mergers, and ultimately retired from SocGen in 2022.
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Professor of Law, Department of Commercial Law, University of Cape Town.
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Boris Kozolchky is the Founder & Board Member, Kozolchyk National Law Center.
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Lorna K. Strong is the Managing Director & Deputy General Counsel, HSBC Global Trade & Receivables Finance.
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Peter Sproston, LL.M, retired after a long career in banking and for corporations.
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Kunihiko Minakuchi is Director of the Association of International Business Advisers. He formerly worked in the International Trade Business Ops. of The MUFG Bank for more than 40 years until 2020.
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Janis Penton is faculity at the University of Southern California Gould School of Law.
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Annie L. Sebergsen is Deputy Head of Trade Finance and Guarantees at Handelsbanken Norway.
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