Latest news (Page 59)

Iran, Russia Agree on SWIFT Substitute

With Iranian banks and some Russian banks unable to use SWIFT, the central banks of the two countries signed an

Evaluating Potentially Unusual Vessel Behavior

On His Retirement, Barnes Recognizes Collaboration With Byrne

DCW wishes to recognize my retirement as a lawyer after 50+ years, all with Baker & McKenzie1 and including 30+

Islamic Banks and Trade Compliance Expectations

Question: When it comes to Islamic trade finance transactions, are Islamic banks at a higher risk for trade compliance/TBML

The Depths of Crypto Mining

Favorable power costs and relatively low land prices are two factors that have attracted cryptocurrency miners to the US state

New Jersey Attorney Disbarred for Role in Fraud

LC Community Pays Tribute to Hugo Verschoren (1956-2022)

The Trade Finance community has lost not only a great expert, but also a warm personality. Hugo Verschoren started his

LC Legend Jim Barnes Retires

Following a career of more than 50 years as a lawyer, including more than three decades concentrating on letters of

MT799 Misuse Diminishing, but Still Occurs

Very few banks will now issue an LC using the SWIFT MT799 format as most banks, especially in Europe, will

Two Convicted in LC Fraud

ICC Draft Opinions Released for January 2023 Discussion

Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on