DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
Ship-to-Ship Transfers
3 articles
Jul/Aug 2024
EU Adopts New Round of Sanctions Directed at Russia
On 24 June 2024, the European Union adopted its 14th round of sanctions (EU Regulation 2024/1745), amending EU Regulation
DCW Articles
Vessel Due Diligence: The Need to Treat Vessel Screening as a Key Internal Control
FIs have many risks complying with OFAC maritime sanctions, including the "dark fleet". Read about the economic and environmental risks.
Jul/Aug 2020
Detecting Deceptive Shipping Practices: How Much Responsibility Can Banks Reasonably Handle?
Following release of a US Government joint advisory document, “Guidance to Address Illicit Shipping and Sanctions Evasion Practices”, one prominent trade finance specialist reviews its key elements and collects feedback from fellow bankers on what it means for practice.
