DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Conference Report
2022 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
For the first time in three years, the American Bar Association and the American Bankers Association (ABA) hosted their Financial Crimes Enforcement Conference in-person, 5-7 December 2022.
15 min read
Read next
DCW Updates
US Treasury Imposes Record Penalties against Bank of America
On 13 October 2026, the US Department of the Treasury announced that three of its agencies have imposed enforcement actions,
DCW Updates
FinCEN Ends Beneficial Ownership Reporting Requirement for US Entities
Effective 14 August 2026, a final rule issued by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) permanently
DCW Updates
Banque Misr UAE Targeted by US Treasury
US Treasury’s Financial Crimes Enforcement Network (FinCEN) is taking steps to revoke Banque Misr UAE’s correspondent banking access
DCW Articles
Recent Challenges to the Independence Principle in the Courts
An LC's independence from the underlying transaction it supports is one of the core tenets that distinguishes this instrument type from other promises. When disputes arise, courts at times have given uneven treatment to independent undertakings with regard to the independence principle.
