DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
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After receiving dozens of containers filled with soil, gravel and stones instead of the valuable natural minerals it had agreed to purchase, a Chinese company lodged a complaint with Pakistani authorities, resulting in the arrest of a Pakistani businessman.
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DCW Scam Survey
Chief Compliance Officer of Fake Bank Pleads Guilty
A 75-year old disbarred attorney and convicted felon from California pleaded guilty in a New York federal court on 10
DCW Scam Survey
Singapore Citizen Implicated in Fraudulent Timber Import Deal
A 67-year-old Singapore citizen was arrested in India on 22 April 2025 for his alleged involvement in a timber import
DCW Scam Survey
Woori Bank Subsidiary Investigating Confirmed Fraud Allegations
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving
DCW Articles
“Fraud and Mistakes in International Trade” – The Second Transfer Case
A deceptive LC transfer leads a confirming bank to pay twice. Explore this trade finance fraud case from Abdurrahman Özalp’s book on international trade.
