October 2025
DCW Monthly: January 2026
We start 2026 with a focus on how courts, technology, and compliance realities are testing frameworks that were largely built
Latest news (Page 41)
DCW Updates
Nigeria Reports Drop in LCs for 2Q23
Although letter of credit payments of USD 841.21 million for the first half of 2023 were 12.3% higher
DCW Updates
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
DCW Updates
UK’s E-Trade Documents Act Finalised, Industry Action Now Needed
UK Electronic Trade Documents Act 2023 was enacted on 20 July 2023. Here's what needs to happen next.
DCW Updates
Pakistani Banks Required to Arrange USDs for Import LCs
State Bank of Pakistan (SBP), the country’s central bank, has lifted restrictions on Pakistani banks opening letters of credit
DCW Updates
Broadband Providers Push Back against US Gov LC Requirement
A coalition of internet service providers, broadband associations, and digital equity advocates in the US are challenging a requirement that applicants for federal broadband funding must furnish a letter of credit in order to receive funds.
DCW Updates
Charter Party B/L Showing Two Shipping Dates: Acceptable or Not?
In a recent discussion circle, LC specialists considered the situation of a bank receiving an MT710 to which the first
DCW Articles
To What Extent is a Confirming Bank’s Undertaking Independent of the Issuing Bank’s Undertaking to the Beneficiary?
Confirmation to any modern-day documentary credit is an essential risk mitigation tool for a beneficiary that enables it to deal
DCW Updates
Court Reverses on California’s Excessive LC Fees Claim
An appellate court has reversed a trial decision, determining that an “overly burdensome” pleading requirement was applied to the amended
DCW Scam Survey
Three Sentenced to Prison in Standby LC Scam
Roy Johannes Gillar of Las Vegas, Harold Mignott of Voorhees, New Jersey, and Jerrid Douglas, of Freehold, New Jersey received prison sentences of six years, three years, and 45 months respectively, for their actions in a USD 1 million “upfront-fee” scheme which defrauded victims.