DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
US Sanctions
6 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 Articles
Navigating turbulent waters: The Red Sea crisis and its impact on the fight against financial crime
Houthi attacks in the Red Sea have led to major disruptions in global trade routes. With increased criminal activity and reduced visibility, banks are under increased pressure to meet sanctions and counter terrorism requirements.
DCW Updates
US Attorney Informed of Pending Motion Regarding International Sanctions
Upon request of its customer, Lummus Technology Heat Transfer B.V., Credit Agricole Corporate & Investment Bank issued a letter
DCW Updates
Singapore Cracks Down: CEO Denied Visa Amid Sanctions Violations
Singapore’s Ministry of Manpower denied a work visa to Philip Adkins, CEO of Red Box Energy Services, in June
DCW Updates
OFAC Broadens Sanctions Targeting Houthi Network
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,