DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
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This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
India’s Enforcement Directorate government agency has conducted a fresh set of searches against promoters and entities connected to Bhushan Steel Limited (BSL) as part of a money laundering probe related to an alleged INR 56,000 crore (USD 6.7 billion) bank fraud case.
Summary takeaways from the ICC Banking Commission Technical Meeting
A Georgia (USA) man was arrested by detectives of the Manatee County (Florida) Sheriff’s Office and charged with Scheme to Defraud and Money Laundering and detectives have issued an arrest warrant for another Georgia man on charges of Scheme to Defraud and Conspiracy.
On a positive note, Bangladesh has experienced a sharp decline in trade-based money laundering in recent months “following intensifying monitoring
On 1 April 2023, Circular No. 11/2022/TT-NHNN issued in 2022 by the State Bank of Vietnam (SBV) regarding
For the 31st consecutive year, the Institute of International Banking Law & Practice conducted its Americas Annual LC Survey conference, 8-9 June 2023.
No country has greater reliance on letters of credit than Bangladesh so it is reasonable to surmise that reports in
Particularly crucial for AML and KYC concerns, LEI facilitates faster access to finances for SMEs. Despite ongoing challenges, it is advocated by industry bodies and regulators as a pivotal tool in advancing global trade.
24 concurrent breakout sessions addressing a wide range of specific areas impacting financial crime enforcement, and breakfast and luncheon presentations.
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