Invest in UCP600

Despite an outpouring of suggestions for a UCP revision in the form of the “UCP700 Wishlist” conducted over the last two years at IIBLP events as well as in polls produced by Documentary Credit World, the decision reached at the ICC Banking Commission in...

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Banks: Get Your House in Order to Meet Compliance Challenges

When coping with compliance quandaries, banks can create inadvertent and unnecessary pressures on themselves. Shifting external threats and evolving regulatory requirements are unsettling enough. Banks should not compound these problems by neglecting matters that they can control. At last month’s Trade-Based Financial Crime Compliance...
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Wolfsberg and Other Wheels in Motion

So far 2017 has given way to a breadth of new information regarding compliance in trade, and more specifically in trade based financial crime. Highly anticipated compliance guidance for trade transactions hit the web and email inboxes in late January when The Wolfsberg Group, ICC, and...
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Notes from ICC Technical Meeting in Rome

  45527418 - roman ruins in rome, italy The ICC Banking Commission Technical Meeting took place in Rome from 7-9 November, 2016. Your voice from the ground floor, DCW will be filtering through the information from the meeting to bring you key takeaways in the upcoming Nov/Dec double issue. In the meantime, here are...
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ICC Draft Opinion Updates from the Rome

  45527418 - roman ruins in rome, italy DCW is reporting from the ICC Banking Commission Technical Meeting in Rome on 7-9 November. The Draft ICC Opinions panel met yesterday (Wednesday, 9 November) and as usual produced spirited conversation amongst participants. Some noteworthy takeaways from the 14 discussed Draft Opinions...
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Standby LCs and Hard Rock Mining

28371516 - mining cart in silver, gold, copper mine

What do the two have to do with one another? 

On 12 January 2016 the IIBLP accepted an invitation to attend a meeting with the U.S. Environmental Protection Agency (EPA) to discuss the use of letters...

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Premium Content from May DCW Issue

DCW Logo HQ larger First published in 1997, DCW is the longest running trade finance publication, relied on by more than 1,100 specialists worldwide. With a global advisory council and a rotating cast of prominent contributors, DCW keeps you in the know on the issues that matter...
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Recent ICC Opinions

Some of the Answers Only Prompt More Questions

The intent of ICC Opinions is to address queries received from ICC National Committees and respond with a carefully worded analysis and conclusion that will benefit and guide the international banking community. Often, this goal is achieved. In other instances, Draft Opinions...

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