The “Dark Fleet” exposes financial institutions to sanctions violations, lawsuits, and losses. Learn how to mitigate these hidden risks.
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
We’re excited to announce an exclusive new benefit for DCW subscribers—select IIBLP eBooks are now included as part
Key takeaways from the US Treasury Report on money laundering risks and threats.
The US Department of the Treasury released on 7 February 2024 a trio of documents detailing its 2024 National Risk Assessments in the areas of Money Laundering, Terrorist Financing, and Proliferation Financing.
Among the more interesting themes emanating from Treasury’s 108-page report on Money Laundering, Sarah Beth Felix, CEO & Founder of Palmera Consulting, identified the following:
In the first of his series of DCW articles on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell examines the concept of negotiation.
Letter of credit cases can reveal a great deal about how the industry's practice rules and standards are viewed and interpreted by the courts.
When issuing banks insert complex reimbursement terms and self-serving conditions into their credits, it distorts the purpose of the product, causes problems for confirming banks, and drives exporters away from using LCs.
DCW Editorial Note: This previously unpublished material reflects the thinking and writing of Professor James E. Byrne over the period
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