DCW Updates
DCW Monthly: December 2024
We’re thrilled to share the newest edition of DCW’s premium monthly content. This month’s highlights include: * Five
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From 2014 to 2017, Indian businessman Mehul Choksi colluded with associates and bank officials to fraudulently obtain LCs and letters of undertaking from Punjab National Bank (PNB), resulting in losses of more than INR 6,097.63 crore (USD 720 million). ICICI Bank also suffered substantial losses attributed to loans on which Choksi defaulted.
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DCW Conference Report
November 2024 ICC Banking Commission Meeting: Executive Summary
The ICC Banking Commission conducted its final meeting of 2024 virtually via Teams on 20-21 November. Four separate portions of the event open to Banking Commission members and ICC National Committee representatives took place.
DCW Updates
Amid “Challenging Times”, ICC Trade Register Reinforces Low-Risk Nature of Trade Finance
In October 2024, ICC printed its 2024 Trade Register Report and released access to it electronically thereafter.
DCW Updates
Latest TAB Sheds Light on UCP600 Article 14(d) “read in context with”
In an attempt ensure global understanding of the wording “read in context with” as used in UCP600 Article 14(d)
DCW Updates
ADB-Led “Enhanced STR” Pilot Delivers Transformative Results
In a landmark effort to combat Trade-Based Money Laundering (TBML), the Asian Development Bank (ADB), in partnership with the United