DCW Updates
DCW Monthly: June 2025
This month we’re digging into the legal, operational, and regulatory tensions at the core of LC and guarantee practice.
DCW Government Report
NAIC Valuation of Securities (E) Task Force
The NAIC proposed update to their guidelines for removal of an FI on the QUSFI list due to primary regulator announced or taken actions.
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March 2024
U.S. Office of Foreign Assets Control (OFAC) FAQ 1151
OFAC FAQs surrounding Executive Order 14024
DCW Government Report
U.S. Office of Foreign Assets Control (OFAC) FAQ 973
OFAC FAQs about foreign financial institutions sanctioned pursuant to EO 14024
Commercial LCs
Letters of Credit in U.S. Bank Failures: Possible Outcomes
Creditworthiness and reliability are foundational to letters of credit. By substituting the creditworthiness of the issuing bank for that of
Standby LC
Investigations Expand into Vesttoo LC Fraud Allegations
The US Federal Bureau of Investigation’s (FBI) has reportedly begun its own probe into allegedly fraudulent letters of credit
