DCW maintains a list of recently-decided court cases involving commercial letters of credit, standby LCs, demand guarantees, and other trade
This month, we sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
Following his writing in the past two editions of DCW, Robert Parson examines legal developments on sanctions and sanctions clauses that have arisen in courts recently and implications for LC practice.
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 sort through some of the big questions shaping LC practice today. Is it time to rewrite UCP
In the fifth instalment of his DCW article series on major contemporary issues surrounding documentary credit practice, ICC Banking Commission Senior Technical Advisor Dave Meynell offers his thoughts on the highly-charged question: Is it time for UCP to be revised?
In 2022, the ICC Banking Commission began handling and discussing ICC Opinions on a quarterly basis instead of on a
A presentation made at a recent meeting of LC bankers offered insights regarding specialists’ understanding of US regulatory requirements with
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