DCW Monthly: June 2026
A letter of credit is built on a simple promise: the bank pays on a complying demand, and the underlying
1 min read
Following Woori Bank’s publication of a financial incident disclosure that its subsidiary in Indonesia has confirmed fraud allegations involving an Indonesian company, Bank Woori Saudara issued its own statement to inform that the matter is under internal investigation.
Read next
DCW Scam Survey
Indian Officials Attach Further Assets in Fraud Case
As investigations by India’s Directorate of Enforcement (ED) into an alleged INR 1,438 crore (USD 156 million) money
DCW Scam Survey
Bangladesh Officials Bring in Jailed Businessman for Interrogation
Further to previous DCW reporting, an imprisoned Bangladesh businessman and former lawmaker was brought to Bangladesh’s Anti-Corruption Commission
DCW Updates
Maritime Piracy & Robbery at Five-Year High
Reported incidents of piracy and armed robbery against ships worldwide in 2025 reached their highest level since 2020 according to
DCW Scam Survey
Investigators Secure Partial Recovery for Scammed Indian Banks
Two Indian banks which lost funds nearly a decade ago from fraudulently obtained letters of credit and non-payment of