DCW Monthly: October 2026
This month’s content follows a standby LC past issuance and asks a practical question: once the instrument is out
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Although not near as commonplace as in the 1990s, standby letters of credit are still being pitched as investment instruments. And those who should know better are still falling prey to them.
Zimbabwe media outlets report that the finance and operations director of a road freight transport company parted with USD 20,000 after being told he would get USD 3 million in three months from his investment.
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Alleged SBLC Monetization Scheme Goes to Arbitration
An action centering on two allegedly fraudulent schemes, including one to induce participation in a high-return investment involving the
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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
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Investigators Secure Partial Recovery for Scammed Indian Banks
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