Dave Meynell Reacts to June 2024 DCW Articles

Various articles from the June 2024 edition of DCW caught the attention of ICC Banking Commission Senior Technical Advisor Dave Meynell who offers the following comments.

In his article,Banks Authenticating Beneficiaries’ Drawings: Advantageous or Unnecessary?, Glenn Ransier makes a number of excellent points, querying whether hybrid solutions have actually resolved any potential fraud situations. Personally, I am not convinced that such hybrid approaches would definitively avoid potential legal intervention.

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