This month’s edition emphasizes how seemingly small drafting choices and operational decisions can lead to substantial legal and compliance
At its first quarterly discussion session of 2026 on 27 January, the ICC Banking Commission finalized ICC Opinion TA958rev. It
Following its January 2026 quarterly discussion session, the ICC released on 11 February 2026 results and points of analysis from
The Institute of International Banking Law & Practice conducted its one-day London Trade Finance Compliance Annual Meeting, 30 September 2025. This summary provides an overview of topics discussed and debated by leading professionals at the program hosted by Stephenson Harwood as a hybrid event.
The opening panel began by examining the “Failure to Prevent Fraud” portion of the UK’s Economic Crime and Corporate Transparency Act 2023 (ECCTA) that took effect 1 September 2025. Articulated in Sections 199-206 of the ECCTA, the new corporate offense of failing to prevent fraud (FPF) criminalizes a failure of an organization to prevent fraud committed its associated persons when the fraud was intended to benefit the organization, unless it can prove that it had reasonable prevention procedures in place at the time of the fraud.
Within government-issued guidance, six principles for establishing reasonable fraud prevention procedures are set out and the panel focused on two.
The Disciplinary Committee of the Institute of Chartered Accountants of India (ICAI) has found that two auditors of an Indian
The American Bankers Association’s 37th Financial Crimes Enforcement Conference took place in Arlington, Virginia in October 2025, as banks and regulators grappled with AML reform, rising fraud, stablecoins, and the growing impact of AI on financial crime controls.
Misrepresentation of how letters of credit are used has sadly plagued the industry for decades. We are all too familiar
For the 26th consecutive year, the IIBLP conducted its one-day Americas Letter of Credit Law Summit. Held in New York City on 5 November 2025 and hosted by Baker McKenzie, the program was organized as a hybrid event. This Executive Summary provides an overview of key topics discussed and debated.
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