Latest news (Page 33)

Former Steel Executive Accused of Fraudulently Obtaining LCs

Risks of Email Presentation under LCs Addressed in ICC Briefing Paper

error in initial date in DCW PDF but fixed here.

Warehouse Woes: Is Foshan to be the Next Qingdao?

Another troubling commodities financing controversy is unfolding in China that bears stark similarities to the Qingdao warehouse scandal of 2014,

OFAC Sanctions 4 Entities for Aiding Sudanese Conflict

On 1 June 2023, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions controls four companies

First Citizens, Flagstar Climb in US LC Rankings

link to Stats or remove reference

Almond Ailments: Seller Finds Jurisdiction a Tough Nut to Crack

Does an NY court have jurisdiction over an Indian collecting bank that is alleged to have violated the URC 522 for neither collecting and remitting funds to pay for shipments?

Singapore Registry Aims to Thwart Trade Finance Fraud

In a move designed to counteract the risk of duplicate financing and elevate confidence in trade financing dealings among banks

ICC Initiates Proposal on API Industry Standards for Guarantees & Standbys

On 5 June 2023, the ICC Banking Commission released the findings and proposals of its working group concerning API Industry

Indian Law Enforcement Conducts Coordinated Raids in Connection with Bank Fraud Case

Bangladesh Curbs TBML

On a positive note, Bangladesh has experienced a sharp decline in trade-based money laundering in recent months “following intensifying monitoring