IIBLP Books
Trade Based Financial Crime Compliance
Navigating the complexities of trade finance compliance—clarity, strategy, and risk mitigation in one essential guide.
Latest news (Page 10)
DCW Updates
Court Rules Ukraine, Not England, Right Venue for Aircraft Disputes
England and Wales’ High Court of Justice has determined that legal proceedings between aircraft leasing companies and insurers over aircraft
DCW Updates
OFAC Broadens Sanctions Targeting Houthi Network
On 10 June 2024, the US Treasury’s Office of Foreign Assets Control (OFAC) designated for sanctions ten individuals, entities,
DCW Updates
LCs Among Top Uses of Blockchain
Global trade & commerce – and specifically letters of credit – rank among the “Top 10 Use Cases for Blockchain”, according to
DCW Scam Survey
Jail for Georgia Man Who Duped Florida County Using Phony Standby
Further to previous DCW reporting of a scam involving use of a bogus document labelled a standby letter of credit
DCW Scam Survey
Ghanaian Court Sees Red in Challenge of Charge Sheet
A man accused of willfully causing EUR 2.37 million in financial loss to Ghana by having letters of credit
DCW Articles
Achieving True Participation in Unfunded Risk: Standby Letters of Credit
Exploring the steps and considerations for banks to effectively navigate the complexities of true sale unfunded risk participation, identifying product and regulatory nuances, and understanding practical applications through use case scenarios.
DCW Articles
Banks Authenticating Beneficiaries’ Drawings: Advantageous or Unnecessary?
Fraud prevention is a crucial pursuit, but is an interim/hybrid solution requiring a beneficiary’s bank to vouch for the beneficiary the answer? Or does it introduce added risks?
DCW Articles
When the Beneficiary Bypasses the Nominated Bank
ICC TAB 9 points out that there is a risk of documents being presented to more than one bank at the same time, especially under an LC that is freely negotiable, but it stops short of making any recommendations for avoiding this risk. Here’s my suggestion.
DCW Articles
UCP600 Article 32: A Hidden Trap
UCP Revision – Hot Topics from Practitioners! DCW is pleased to present the next instalment of its discussion series where experienced
DCW Articles
Empower the AML Officer
Someone recently asked me "if you had one wish (in the AML world), what would you fix?" ... and
DCW Articles
Re-Examining the Humei Case and ICC Opinion TA936: Chinese Court Standards for Document Examination under Letters of Credit
This in-depth discussion between two leading figures in the study of LC law & practice is based on an online lecture on 25 February 2024. In their remarks, Saibo JIN and SOH Chee Seng talk about the "thinking" and different methods of analysis adopted by international banking experts.
DCW Litigation Digest
First Modular Gas Systems Ltd. v. Citibank Europe PLC [2024]
💡First Modular Gas Systems Ltd. v. Citibank Europe PLC [2024] [2024] IEHC 1 [Ireland] Type of Lawsuit: Applicant renewed request
