DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
DCW Updates
480 articles
DCW Updates
ICC Digital Standards Initiative Announces Refresh
Grappling with a high degree of concern over increasing fragmentation across the digital trade landscape, the ICC Digital Standards Initiative
DCW Updates
ICC Releases Draft Opinions for November 2026 Technical Session
Four draft opinions, two of which dealing with insurance documents and war risk exclusion wording, will be discussed in the
DCW Updates
Court Rules on Disputed “Payment from Applicant” Condition in Weifang v. Euro Exim
The ruling in Weifang JS Trading Co. v. Euro Exim Bank centered on treatment of the Field 47A payment term
DCW Updates
Lloyds Issues, Commerzbank Completes eUCP LC
Commerzbank has announced completion of its first letter of credit involving electronic presentation of digital documents.
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
Guidance Paper for Identifying Red Flags Updated
Updating its guidance paper of 2015 which listed 16 “red flag” indicators of suspicious activity in letters of credit and
DCW Updates
Digital Trade Forum Advances the New Reality
Talk of a trade’s digital transformation is in the air, but ICC UAE convened a focused stakeholder forum to
DCW Updates
Swift Accepts Request to Postpone SR 2026
With the latest annual update to formats and rules on the Swift network approaching in November, Swift agreed to a
DCW Updates
FinCEN Ends Beneficial Ownership Reporting Requirement for US Entities
Effective 14 August 2026, a final rule issued by the US Treasury Department’s Financial Crimes Enforcement Network (FinCEN) permanently
DCW Updates
Digital LC Showcases Dual Importance of MLETR-Aligned Law, eUCP
In what is believed to be the first eLC issuance of its kind, Societe Generale has announced its role as
DCW Updates
Banque Misr UAE Targeted by US Treasury
US Treasury’s Financial Crimes Enforcement Network (FinCEN) is taking steps to revoke Banque Misr UAE’s correspondent banking access
DCW Updates
Alleged SBLC Monetization Scheme Goes to Arbitration
An action centering on two allegedly fraudulent schemes, including one to induce participation in a high-return investment involving the