DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
Office of the Comptroller of the Currency (OCC)
8 articles
DCW Updates
US Treasury Imposes Record Penalties against Bank of America
On 13 October 2026, the US Department of the Treasury announced that three of its agencies have imposed enforcement actions,
DCW Updates
Weiss Decries US FCC Changes to Screening Standards for LC Issuing Banks
Following response in mid-2024 to proposed changes to its rules regarding letters of credit for recipients of high-cost
DCW Conference Report
2024 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
Conducted by the American Bar Association and the American Bankers Association (ABA), the 36th annual ABA/ABA Financial Crimes Enforcement Conference took place 8-9 October 2024 in Arlington, Virginia.
DCW Conference Report
2023 ABA/ABA Financial Crimes Enforcement Conference: Executive Summary
Conducted by the American Bar Association and the American Bankers Association, the 35th annual ABA/ABA Financial Crimes Enforcement Conference took place 28-30 November 2023 at National Harbor, Maryland.
DCW Readers Speak
Can an LC be Commercial If It Does Not Require a Transport Document?
Query: We are a consultancy acting as applicant on behalf of our client seeking to import. Our bank’s trade
DCW Readers Speak
Avalized Drafts
Query: Can banks in the US avalize accepted drafts? If yes, than what are the guidelines, and if no, why
DCW Updates
OCC Issues Final Rule Regarding Guarantees
The US Office of the Comptroller of the Currency (OCC) issued its final rule containing amendments to its financial guarantee
DCW Updates
Proposed US Rule Would Expand Accessory Guarantees
On 3 July 2007, the US Office of the Comptroller of the Currency (OCC) issued a Notice of Proposed Rulemaking