DCW Monthly: September 2026
This month's content returns to a question the rules answer clearly and the courts sometimes do not: who
DCW Scam Survey
India Conducts Raids in USD 6.7 Billion LC Fraud Case
India’s Enforcement Directorate government agency has conducted a fresh set of searches against promoters and entities connected to Bhushan Steel Limited (BSL) as part of a money laundering probe related to an alleged INR 56,000 crore (USD 6.7 billion) bank fraud case.
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DCW Updates
Unassignable Guarantees & Applicable Law
Banks are often advised by their lawyers to issue a demand guarantee with the condition that it is unassignable and
DCW Articles
Letter of Credit Fraud
With regard to how fraud may disturb a bank's obligation to honour under an independent undertaking, courts have used various qualifiers to describe the level necessary. In his expansive article, Dr. Alan Davidson explores the concept of "Letter of Credit Fraud" under law and in the courts.
DCW Updates
US Treasury Flags TBML Threat in 2026 National Risk Assessment
Trade finance rarely sits at the center of money laundering discussions, but the US Treasury Department’s 2026 National Money
DCW Scam Survey
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
