DCW Updates

ICC Releases Draft Opinions to be Discussed at August 2025 Session

Three Draft Opinions will be addressed at the next session of ICC Banking Commission’s quarterly discussion of Opinions on

ICC Adjusts Opinion TA930rev to Conform with Amended Sanctions Guidance

Contemporaneously with its release of its latest Draft Opinions on 6 June 2025, ICC issued a one-page memorandum note regarding

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 competitive bidding

APEC Committed to Adoption of MLETR

At a meeting of Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade in Jeju, Republic of Korea, 15-16 May 2025,

Former Bank Managers Face Charges in Hong Kong Related to False Standby LCs

Hong Kong’s Independent Commission Against Corruption (ICAC) which previously brought conspiracy charges against two ex-bank managers for their alleged

ICC Announces Standard API for Attachments of Trade Finance Instruments

Further to a past update on ICC efforts to develop standard API for trade finance instruments in cooperation with SWIFT,

Import LCs on the Rise in Bangladesh

Following months of political turmoil prior to the 5 August 2024 ousting of the Awami League government, Bangladesh has experienced

Reflections from FCCi’s First Fireside in Singapore

On 21 May 2025, we hosted our first ITFA-FCCi Afterwork Networking Happy Hour in Singapore. The team at Rajah &

ICC Opinions Tracker

ISBP Revision Forges Ahead with New Round of Proposed Changes

The ongoing effort to revise ISBP 821 (2023) has now reached an advanced stage with an updated Draft 3 revision

Bangladesh’s Central Bank Issues Circular Regarding Waiver Process

On 20 April 2025, Bangladesh Bank’s Foreign Exchange Policy Department issued FE Circular Letter No. 14, “Remittance against import