DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
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A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10 April 2025 to charges that he bilked victims out of more than USD 4 million in his role as the so-called “chief compliance officer” of a fake bank based in New York’s Financial District.
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Indian Officials Attach Further Assets in Fraud Case
As investigations by India’s Directorate of Enforcement (ED) into an alleged INR 1,438 crore (USD 156 million) money
DCW Scam Survey
Bangladesh Officials Bring in Jailed Businessman for Interrogation
Further to previous DCW reporting, an imprisoned Bangladesh businessman and former lawmaker was brought to Bangladesh’s Anti-Corruption Commission
DCW Scam Survey
Investigators Secure Partial Recovery for Scammed Indian Banks
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of
DCW Scam Survey
UK Company behind Advance Fee Scam Shut Down
A company which received USD 231,000 from a client but failed to deliver on its promise to arrange a