October 2025
DCW Monthly: December 2025
As the year draws to a close, this month’s DCW focuses on the issues likely to carry into 2026.
Latest news (Page 58)
DCW Litigation Digest
Malayan Banking Berhad v. Punjab National Bank [2022]
Negotiating Bank sued LC Issuer for breach of reimbursement undertaking.
DCW Articles
Letters of Credit: 2020 Cases
This survey concentrates on the most significant letter of credit (“LC”)1 issues addressed in cases decided in the United
DCW Updates
FATF Releases Latest Listing of Jurisdictions Under Increased Monitoring
In its June 2022 list of jurisdictions under increased monitoring, the Financial Action Task Force (FATF) identified 23 jurisdictions with
DCW Updates
ICC Briefing Addresses Topic of Reducing Discrepancy Rates
In the latest of its ongoing series of technical advisory briefings released on 27 June 2022, the ICC Banking Commission addressed the subject of “Reducing Discrepancy Rates under Documentary Credits” (TAB-3)
DCW Updates
On Board Dates and Issuance Dates
Another scenario discussed in the meeting of US west coast bankers centered around a commercial LC requiring under 46A: 1.
DCW Updates
India Imposes Additional Measures to Detect Improper LC Documents
In a move to curb use of ante-dated LC documentation to circumvent Indian law banning wheat exports, India’s Directorate
DCW Updates
Pakistan: Additional Support for Oil LCs
Prime Minister Shehbaz Sharif has promised that the Pakistani government will intervene on behalf of oil refineries facing potential shutdown
DCW Updates
Attacking LC Fraud a Top Goal for India’s Blockchain-Based Project
Stung by the massive letter of credit scandal committed against Punjab National Bank (Feb 2018 DCW 44), India’s central
DCW Conference Report
BAFT 2022 Global Annual Meeting: Executive Summary
In the 100th year of its organizational existence, BAFT conducted its Global Annual Meeting on 1-4 May 2022 in Washington, DC, as a hybrid event to accommodate in-person and virtual attendees. The conference began with a gala dinner to mark the centennial celebration.
DCW Updates
Bangladesh and Vessel / Container Tracking
Bangladesh Bank’s Foreign Exchange Policy Department (FEPD) issued FE Circular No. 09 (17 May 2022) to its Authorized Dealer