This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
A webinar hosted by the Association of Trade Finance Compliance Professionals (ATFCP) on 28 January 2025 featured particular focus on court cases involving sanctions and fraud matters leaving an imprint on the area of compliance. Topics addressed and take-home points included:
Know Your Customer. Although a basic principle of compliance, banks still seem to struggle putting it in practice. Banks get comfortable with customers and do not always ask the right questions or frame questions to get answers they want to hear. Small frauds can slip under the radar and eventually grow to big frauds and major losses.
This month, we're spotlighting the challenges and hard-earned lessons emerging from LC disputes and sanctions enforcement crackdowns. Carter
Continuing an annual survey written by top legal experts each year since 1992, Carter Klein examines the most significant letter of credit issues emerging from cases decided in 2023.
Following his writing in the January 2025 edition of DCW, Robert Parson continues his look at high profile cases by revisiting decisions surfacing from Singapore commodity defaults of recent years.
In the fourth instalment of his DCW article series on major issues surrounding potential revision of UCP, ICC Banking Commission Senior Technical Advisor Dave Meynell reinforces the case for simple documentary credits and offers tips on how to construct them.
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