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Category: Business

  • MIL-OSI Banking: Fannie Mae Announces Winner of Twenty-Sixth Community Impact Pool of Non-Performing Loans

    Source: Fannie Mae

    WASHINGTON, DC – Fannie Mae (FNMA/OTCQB) today announced the winning bidder for its twenty-sixth Community Impact Pool (CIP) of non-performing loans. The transaction is expected to close on July 29, 2025, and includes 39 loans totaling $6.9 million in unpaid principal balance (UPB). The loans are geographically focused in the Florida area, and the winning bidder was VRMTG ACQ, LLC. The pool was marketed with BofA Securities, Inc. and First Financial Network, Inc. as advisors.

    The CIP awarded in this most recent transaction includes 39 loans with an aggregate UPB of $6,929,805; average loan size of $177,687; and weighted average note rate of 4.35%.

    The cover bid, which was the second highest bid, for the CIP was 106.05% of UPB (34.22% of BPO).

    All purchasers are required to honor any approved or in-process loss mitigation efforts at the time of sale, including loan modifications. In addition, purchasers must offer delinquent borrowers a waterfall of loss mitigation options, including loan modifications, which may include principal forgiveness, prior to initiating foreclosure on any loan.

    Interested bidders can register for ongoing announcements, training, and other information here. Fannie Mae will also post information about specific pools available for purchase on that page.

    MIL OSI Global Banks –

    June 3, 2025
  • MIL-OSI Canada: Bank of Canada Media Interview – The Globe and Mail

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Bank of Canada Media Interview – The New York Times

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Update on Changes to Canada’s Debt Distribution Framework

    Source: Bank of Canada

    The Bank of Canada and the Government of Canada (GoC) are announcing that adjustments to the GoC’s Debt Distribution Framework will come into effect on September 2, 2025.

    The changes were first announced in a March market notice.

    As part of these changes, the Standard Terms for Auctions of GoC Securities will be amended. For reference, the new Standard Terms have been published along with a simplified, one-page overview designed for a broad audience.

    The new Standard Terms will come into effect on September 2, 2025. On that date, the existing Standard Terms will be removed from the Bank’s website.

    A series of FAQs is also available to help market participants understand the upgrades to the Bank of Canada Auction System (BCAS). Note that government securities distributors must now submit an annual attestation that no customer bidding information has been shared between “dealer-bid only” and “customer-bid only” BCAS users before the release of auction results.

    Details on the new facility for reopening off-the-run GoC nominal bonds are now available. This facility will be effective as of July 2, 2025.

    For further information, please contact:

    Director
    Financial Markets Department
    Bank of Canada
    343‑573‑4846

    Director
    Funds Management Division
    Department of Finance Canada
    343‑549‑3651

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Press Conference: Policy Rate Announcement – June 2025

    Source: Bank of Canada

    The Canadian economy ended 2024 in a strong position. However, the trade conflict and tariffs are expected to slow growth and add to price pressures. The outlook is very uncertain because of the unpredictability of US trade policy and the magnitude of its impact on the Canadian economy.

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Bank of Canada Museum announces 2025 recipients of Award for Excellence in Teaching Economics

    Source: Bank of Canada

    The Bank of Canada Museum is proud to announce the recipients of its 2025 Award for Excellence in Teaching Economics, recognizing two remarkable educators who are helping students build real-world financial skills through innovative, community-focused learning.

    Angela Larocque, a middle school teacher from Forest Hills School in St. John, New Brunswick and Nicole Feisst, a high school educator from École Clément-Cormier in Bouctouche, New Brunswick are the winners of the Museum’s fourth annual award.

    Both teachers helped students connect their interests and ambitions to economic reality through programs that included input from parents and professionals in the local economy. By involving the community, these programs provided students with an approach to learning financial literacy that goes beyond the theoretical.

    Angela Larocque moved economic education outside the classroom through community-based financial literacy initiatives. These include “Idea Market,” an annual money-making entrepreneurship event, and “Money Matters,” a community financial literacy night. Money Matters brought together local businesses, banks, and financial experts, creating open, judgment-free conversations about money between families and financial institutions.

    Nicole Feisst created a comprehensive and personalized financial simulation for her grade 11 and 12 students. Each learner built a financial profile before navigating a realistic, and sometimes unpredictable, simulation of adult economic life. Local professionals offered real-time advice, grounding the experience in real-world insight.

    “Both Angela and Nicole’s projects are exemplary,” said Sharon Kozicki, Deputy Governor of the Bank of Canada. “What set their work apart this year was how they brought the wider community—including parents—into the learning process. They introduced economic and financial topics in ways that were grounded in real life, creating experiences that will have a lasting impact on the youth who participated.”

    Each winner receives a trophy along with a personal cash prize of $1,000 and another $1,000 for their school. More information on this year’s winners is available on the Museum’s website.

    Nominations came in from across the country and were reviewed by a selection committee made up of representatives from the Bank of Canada and other experts in the fields of economics and education, and a youth representative.

    Nominations for next year’s award will open in early 2026.

    Notes to editors

    • The Bank of Canada Museum creatively brings the work of the central bank to Canadians by demystifying the Bank’s key functions and interpreting Canada’s monetary heritage. It also provides access to Canada’s National Currency Collection which is comprised of over 130,000 objects.
    • The Museum supports teachers and students through free school programs, lesson plans and activities available on its Learn page.
    • For more information about the Museum and its services, visit the website.

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Security: Former Secretary of Louisiana Department of Wildlife and Fisheries Indicted by Federal Grand Jury

    Source: US FBI

    LAFAYETTE, La. – Acting United States Attorney Alexander C. Van Hook announced that Jack Montoucet, former Secretary of the Louisiana Department of Wildlife and Fisheries (LDWF), has been indicted on federal charges. A federal grand jury in Lafayette has returned an indictment charging Montoucet with one count of conspiracy to commit bribery and wire fraud, three counts of wire fraud, and one count of conspiracy to commit money laundering. 

    The indictment alleges that LDWF was an agency of the State of Louisiana that received benefits under federal programs involving grants, contracts, and other forms of assistance. While Secretary of the LDWF, Montoucet was the chief executive and empowered to enter contracts on LDWF’s behalf. Dusty J. Guidry was a Commissioner on the LDWF Commission which was charged with the control and supervision of the wildlife of the State of Louisiana and operated as a policy-making and budgetary control board. It is alleged that Guidry was placed on the Commission by and would take actions as directed by Montoucet. Leonard C. Franques, IV was a resident of the State of Louisiana and owned DGL1, LLC, a business created to provide online educational courses to be used by LDWF and was registered with the State of Louisiana in May 2020; Franques also owned LWF, LLC, (LWF) a Louisiana company registered with the State of Louisiana in June 2020. 

    It is alleged in the indictment that from approximately May 2020 until June 2022, Montoucet knowingly and unlawfully conspired with Guidry and Franques, and others known and unknown to the grand jury, to accept and agree to accept kickbacks from Franques in return for being influenced in connection with awarding a state contract to DGL1. 

    The indictment further alleges that Montoucet and Guidry used their official positions at LDWF to award a state contract to DGL1 and under the contract, DGL1 would provide online hunters’ education and boaters’ education courses and the education courses to resolve LDWF citations. It is alleged that DGL1 would keep a portion of the revenue generated from providing those services and in exchange, Franques agreed to provide, and Montoucet and Guidry agreed to accept, kickbacks and other things of value. It is alleged that as part of their conspiracy, Franques attempted to conceal the true source and nature of payments to Montoucet and Guidry. 

    According to the indictment, from on or about November 10, 2021, until June 10, 2022, LDWF received $454,174.14 from the LWF contract signed by Montoucet, of which $122,507.96 was held as a kickback for Montoucet, to be paid after he completed his term as LDWF Secretary. The indictment alleges that Montoucet, Guidry, and Franques agreed that after Montoucet’s retirement from LDWF, they would hire Montoucet and pay his kickbacks as a purported “signing bonus,” in order to conceal the true nature of these funds. 

    If convicted, Montoucet faces a sentence of not more than 5 years in prison on the conspiracy count, and up to 20 years in prison on the wire fraud and money laundering counts, and a fine of up to $1,000,000. 

    The case is being investigated by the Federal Bureau of Investigation and Internal Revenue Service Criminal Investigation and is being prosecuted by Assistant United States Attorneys Myers P. Namie, Lauren L. Gardner, and LaDonte A. Murphy, along with Trial Attorneys Trevor Wilmot and Steven Loew of the Criminal Division’s Public Integrity Section of the Department of Justice. 

    An indictment is merely an accusation, and a defendant is presumed innocent unless and until proven guilty beyond a reasonable doubt.

    # # #

    MIL Security OSI –

    June 3, 2025
  • MIL-OSI: Wheel Of Names Picker Launches User-Friendly Digital Tool for Random Name Selection

    Source: GlobeNewswire (MIL-OSI)

    Brisbane, Australia, June 02, 2025 (GLOBE NEWSWIRE) — Wheel Of Names Picker, a newly introduced browser-based platform, today announced the official launch of its interactive random selection tool. Designed to enhance fairness, accessibility, and visual engagement in decision-making, the tool enables users to create and spin a digital wheel of names directly within their web browser—no sign-up or download required.

    Interactive wheel of names interface used for random name selection.

    The platform provides a dynamic and intuitive interface that allows users to enter names or list items, customize the color and layout of a digital wheel, and instantly generate randomized results. As seen in the platform’s interface, users can input entries line by line, update the wheel in real-time, and trigger a smooth spinning animation that selects a winner. Each name segment is color-coded and clearly labeled, providing an engaging and unbiased visual experience.

    According to Chris Barnaby, developer of Wheel Of Names Picker, the tool was built to serve classrooms, meetings, online giveaways, and any scenario requiring impartial selection. “We focused on building a tool that feels natural to use but is powered by thoughtful design,” said Barnaby. “What we’ve released is not just a random picker—it’s a reliable, shareable experience designed for repeat use.”

    At its core, the platform features:

    • Real-time editing and immediate wheel updates with unlimited entries
    • Color-coded visual segmentation for clarity and presentation
    • Spin animation with visual pointer and central activation button
    • Options to clear, reload, or embed customized wheels
    • Seamless operation on desktop and mobile browsers

    The tool’s simplicity makes it especially valuable in educational and professional environments where transparent random selection is required. Users can create a list—such as student names, task options, or raffle entries—then spin the wheel to display a clearly chosen result, visible to an audience or participants.

    The platform is freely accessible at https://wheelofnamespicker.org. 

    About Wheel Of Names Picker

    Founded in 2025, Wheel Of Names Picker is an independent software tool designed to provide a modern, interactive alternative to traditional random selection methods. The company is based in Brisbane, Australia and serves educators, professionals, and casual users worldwide who seek simplicity and fairness in group decision-making.

    Press Contact

    Chris Barnaby
    developer777@wheelofnamespicker.org

    The MIL Network –

    June 3, 2025
  • MIL-OSI Global: Practical ways families can foster kids’ love of literacy during the summer months

    Source: The Conversation – Canada – By Kimberly Hillier, Sessional Instructor, Faculty of Education, University of Windsor

    Identifying sounds or letters in everyday print, or participating in the shared experience of exploring texts like recipes, signs or brochures, is one way to help children develop an appreciation and love of literacy. (Shutterstock)

    The dismissal bell will soon ring on the 2024-25 school year. The end of the school year is a time for reflection and when discussions about the “summer slide” or “summer slump” begin.

    These discussions may prompt concerns about regressions in academic skills gained throughout the school year — and what parents and caregivers can do to maintain these skills.

    Setting the stage for literacy success

    Although parents and caregivers should not be expected to deliver the same explicit, direct, systematic instruction at home as their children receive in school by trained educators (that is, clear, concise instruction that follows a pre-determined order based on research and attainment of prerequisite skills), there are ways that parents and caregivers can seamlessly continue to foster a love of literacy during the summer months.

    Cultivating a love of literacy is a fundamental component and foundation for early literacy success. A love of literacy can increase motivation and engagement, vocabulary and reading comprehension. Fostering a love of literacy is an accessible and practical way for families to be involved in the process of early literacy development.




    Read more:
    5 ways to support children’s early literacy skills and build family connections this summer


    Invite your child to write the grocery list or other to-do lists and focus on their willingness to participate, not their spelling.
    (Shutterstock)

    Fostering a love of literacy without pressure

    There are many ways that parents and caregivers can foster a love of literacy during the summer months, all without the pressures and demands of busy schedules and formal instruction.

    Summer break is a time to unwind, relax and strengthen family connections. This list below details some simple suggestions to infuse literacy into everyday tasks and routines.

    1. Incorporate literacy into everyday activities. Invite your child to create lists that not only keep them in the loop of summer activities, but also provide a way for them to practise their writing skills. Invite your child to write the grocery list, to-do lists, summer bucket lists or packing lists for day trips or vacations. Compliment their writing and focus on their willingness to participate, not their spelling or letter formation.

    2. Explore books for enjoyment and special interests. During the school year, students often practise their reading with books that are targeted to their current learning skill focus. Embracing books that are reflective of your child’s special interests can increase their background knowledge on a variety of topics, spark their curiosity and provide them with a sense of control over their reading selections.

    Reading or viewing books that align with special interests (also known as SPINs within the neurodiversity community) is particularly important for neurodiverse children. Particularly for neurodiverse children, spending time engaging in special interests can be a self-regulatory strategy and provides a sense of structure, familiarity, comfort, competence and happiness.

    3. Embrace low-stakes literacy learning opportunities. Reading aloud recipes, labels, brochures and textual signs or messages seen throughout our everyday environments (also referred to as environmental print) can provide great opportunities to focus on foundational literacy skills such as letter and sound identification. Identify the letters and sounds in the words, or point out which letters are capitalized. Activities that focus on phonemic awareness, such as “I spy,” can be a great way to practise this skill. Whether you’re at the park or going for a walk, invite your child to identify an object that begins or ends with a particular letter and/or letter sound.

    4. Incorporate games into family time. Board games are a great way to spend time as a family while simultaneously promoting children’s early literacy and language development skills. Board games also provide opportunities for children to develop social skills, enhance vocabulary, problem solve, think critically and practise impulse control.

    5. Get messy! The summer months are an opportune time to get outdoors and embrace the elements. Writing letters or words in the sand or with a variety of sensory tools can make learning more engaging. Chalk, paint, window markers, sand, sticks and other natural elements can all serve as multi-sensory learning tools. Getting messy while learning also promotes collaborative clean-up time, which strengthens everyday learning skills including responsibility, teamwork, accountability and organization.

    Integrating summer learning opportunities into quality family time can help children associate literacy with feelings of comfort and closeness of loved ones. As families continue to seek active ways to integrate quality into their busy schedules, these opportunities can leverage available time and continue to build a love of literacy in the process.

    Kimberly Hillier does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Practical ways families can foster kids’ love of literacy during the summer months – https://theconversation.com/practical-ways-families-can-foster-kids-love-of-literacy-during-the-summer-months-254380

    MIL OSI – Global Reports –

    June 3, 2025
  • MIL-OSI Europe: The EBA releases final technical package for its 4.1 reporting framework to support compliance assessment of issuers and the Pillar 3 data hub

    Source: European Banking Authority

    The European Banking Authority (EBA) today published the final technical package for version 4.1 of its reporting framework. This package will support the assessment and identification of significant crypto asset providers. It will also support the centralisation of institutions’ prudential disclosures in the EBA Pillar 3 data hub, which shall facilitate access and usability of this information to all users, including institutions. This package support competent authorities in performing their supervisory duties regarding issuers’ compliance under MiCAR. This framework will apply as of the second half of 2025.

    The draft technical package provides the standard specifications which include the validation rules, the data point model (DPM) and the XBRL taxonomies to support the following reporting obligations:

    • Pillar 3 templates included in the comprehensive Implementing Technical Standards (ITS) on Pillar 3 disclosures, for the purpose of the Pillar 3 data hub.
    • Own initiative guidelines on reporting of data that competent authorities will need for the purpose of their supervisory tasks and for significance assessment (MiCAR reporting Guidelines).
    • Integration of Instant Payments reporting ITS into DPM and taxonomy
    • A series of validation rules have been added to the ESG ad-hoc data collection module.

    Background and Next steps

    A draft version of the technical package for the 4.1 reporting framework was published at the end of March 2025. The final version published today includes corrections and addresses the feedback provided from the revision of the draft technical package by various stakeholders.

    In June 2024, the EBA published its plan for the implementation of DPM 2.0. The draft technical package for version 4.1 published today, continues the transition to DPM 2.0 and to the new glossary, as announced in June. This draft technical package includes a version of the data dictionary contents in both formats the DPM 1.0 and the new format DPM 2.0.

    The FAQs published in December 2024 providing additional explanations on the transition to DPM 2.0 and a new glossary period remain a good source of information. In addition, the EBA is providing a presentation explaining the use of DPM-XL language for validation rules

    MIL OSI Europe News –

    June 3, 2025
  • MIL-OSI: Luxren Capital Introduces a New Era in Mobile Trading: Secure, Regulated, and Always at Users’ Fingertips

    Source: GlobeNewswire (MIL-OSI)

    PORT LOUIS, MAURITIUS, June 02, 2025 (GLOBE NEWSWIRE) — As more and more people across the world want flexible and fast-paced financial services, Luxren Capital is making a bold move by launching its innovative mobile trading platform. This platform is designed to suit the needs of traders who want both security and convenience in today’s busy environment.

    Luxren’s mobile platform is more than simply an app; it’s a big change in how trading works. It lets users access financial markets 24/7, straight from users’ phone.

    A Trading Platform for Today

    Traders need tools that stay up with the market since timing is crucial. Luxren Capital’s mobile platform does all of that and more. It lets users follow prices in real time, customize charts, and execute trades quickly on a wide range of assets, including forex, commodities, global indices, and stocks. Luxren makes sure users never miss a beat, whether users are on the go, traveling, or just away from users’ work.

    Luxren Capital remarked, “We wanted to make something that was not only useful but also empowering. This is about letting our users have full control on their own terms.” The software works on both Android and iOS and has all the important tools that professional traders need, like smart risk controls, dynamic charting features, and easy syncing between devices.

    Regulated for Users’ Safety

    Luxren Capital’s development is based on its strong dedication to following the rules and protecting its clients. The company is closely watched by regulators, which makes trading safe and open. The company’s working capital and client cash are kept in separate accounts. We also follow strict AML (Anti-Money Laundering) and KYC (Know Users’ Customer) rules to make sure that all of their operations are safe and legal.

    It’s not enough to only meet standards; users need to earn the trust of every user. Users may find all the information users need about the company’s regulatory framework and legal disclosures on their legal website.

    Accounts that are tailored to fit each strategy

    Luxren Capital knows that every trader is different. That’s why they provide numerous sorts of accounts for people with varied levels of experience and trading aspirations. There is an account option that works for users, whether users are just starting out or managing a complicated portfolio.

    Each account has its own set of benefits, such as priority customer support, market analysis tools, and access to Luxren’s expert advice. To learn more about the benefits of having an account, go to the account area.

    Luxren Capital’s main focus is on education. Users can access free webinars, eBooks, and lessons created by financial experts through an organized learning hub. These resources are meant to help people make better decisions and construct better strategies.

    Users may get these materials any time of day or night, and they are updated often to show the most recent market trends. If users want to see all of the classes they offer, go to the education center.

    Fast Withdrawals That Keep Users in Control

    At Luxren Capital, the traders won’t need to wait to access their profits. It provides fast and smooth withdrawals, offering traders full authority over their funds. Whether trading gains add to users’ daily money or users are saving for a grand strategic move, users’ money couldn’t get any closer. With a system built on speed and trust, Luxren Capital delivers the reliability traders expect from a top-tier financial platform.

    Live Support 24/7

    Customer service can make or break the experience of trading. Luxren Capital has multilingual support five days a week, by live chat, email, or phone. This is why. Their team is ready to help users no matter where users are in the world.

    Luxren has built a loyal and increasing global user base thanks to a mix of technology, rules, and putting customers first.

    About Luxren Capital

    To stay ahead in today’s fast-moving markets, users need to be ready for any chance that comes users’ way. This is what Luxren Capital’s mobile platform was made for. It’s not just about data and execution anymore; it’s also about experience. With Luxren Capital, that experience is safe, controlled, and always close at hand. Visit www.luxrencapital.com or call +442080970334 to get started with Luxren Capital’s mobile platform.

    Media contact

    Brand: Luxren Capital

    Contact: Media Team

    Email: support@luxrencapital.com

    Website: www.luxrencapital.com

    The MIL Network –

    June 3, 2025
  • MIL-OSI United Kingdom: New music video celebrating Portsmouth’s city centre

    Source: City of Portsmouth

    A new music video and its soundtrack will be released on 4 June to celebrate the history and community of Portsmouth’s city centre. The music video and new version of the hit single “Downtown” features Portsmouth born singer and songwriter Bradley Jago and is the result of a community project with Portsmouth City Council and Portsmouth arts company Downtown Pompey.

    The video spotlights Portsmouth’s diverse local communities. With funding from the UK Shared Prosperity Fund, the Downtown Pompey project ran for three months and partnered with city centre businesses and residents to create a community film to celebrate Commercial Road. The film will be premiered on the Big Screen in Guildhall Square during PRIDE 2025 from the 4 June.

    The Fabulous Josh, Artistic Director of Downtown Pompey said:

    “Commercial Road has been home to many of my childhood memories so being able to work alongside the council to bring Downtown Pompey to our city centre was a wonderful opportunity”.

    We ran open workshops and consultations in Cascades where we met many visitors, residents, businesses and their staff. These conversations helped shaped the final film which features many of these voices and reflects Portsmouth’s diversity and resilience.”

    Also, as Downtown Pompey – the organisation, it has been brilliant to encapsulate the energy and spirit of the communities that we serve”

    Over 60 local people took part in the film alongside local businesses and organisations such as Portsmouth Creates, New Theatre Royal, Natty’s Jerk, Goble Photography, Portsmouth Pride Trust, Solent Gay Men’s Chorus, TADAA – The Alternative Dramatic Arts Academy, The Young Creatives and Chat Over Chai.

    Cllr Steve Pitt, Leader of the council with responsibility for economic development said:

    “Portsmouth’s city centre is a vital place for our community and local economy.   This inspiring project enabled through Downtown Pompey is a powerful celebration of our city’s diversity, creativity, and resilience.

    By working closely with residents, businesses, and artists, we’ve created something that truly reflects the spirit of Portsmouth. I’m proud that the council could support this project, and I look forward to seeing it premiere during PRIDE 2025.”

    The Downtown Pompey video is planned to be screened across the year in community spaces and at events.

    For more information visit portsmouthcitycentre.co.uk/downtown-pompey

    MIL OSI United Kingdom –

    June 3, 2025
  • MIL-OSI Canada: Tax services continue during Canada Post disruption

    Source: Government of Canada regional news

    People can continue to access provincial tax services during the ongoing labour dispute at Canada Post.

    Non-mail payment and application options are available, and people are encouraged to use them to avoid late fees and penalties. During a disruption to postal services, people are still responsible for filing tax returns, claiming grants, applying for programs or refunds, and making payments and remittances on time. Penalty and interest rules still apply.

    People and businesses who file taxes with the Province or claim refunds from the Province, including logging tax, employer health tax, insurance premium tax, provincial sales tax and others, may also want to sign up to receive deposits for refunds directly from the Province of B.C.

    ETaxBC is an online service that allows people to file tax returns, make payments and more. Any returns or invoices issued online through eTaxBC are not affected, but a postal disruption could affect people and businesses if they receive printed copies of returns or invoices from the Province. Anyone who is expecting a printed return or invoice close to the due date should contact the Ministry of Finance to make other arrangements.

    Homeowner grant:

    People do not need to wait for their property tax notice to be able to claim a provincial homeowner grant, which reduces property taxes for most homeowners in B.C. To avoid late penalties and interest, people should apply for the grant before their property taxes are due. The quickest and easiest way to apply is online. Applications are also accepted by phone or at Service BC locations.

    The low-income grant supplement for seniors must be applied for separately and mailed to the Ministry of Finance. However, applicants have until Dec. 31 of the current tax year to apply and be considered for the supplement.

    B.C. family benefit:

    The B.C. family benefit and other related payments will not be affected and will be delivered in June 2025, along with the Canada child benefit. The Province recommends people register with the Canada Revenue Agency to receive these payments or refunds directly to their accounts to ensure there are no delays.

    Rural property tax notices:

    Property tax notices for people in rural areas are sent by the Province and homeowners pay the Province directly. People can receive their property tax notice through their eTaxBC account. Homeowners who have not enrolled can contact the Ministry of Finance or visit the nearest Service BC location for information about how to enrol.

    To avoid penalties and interest, payments are due on or before July 2, 2025.

    Municipal property tax notices:

    Homeowners pay their property taxes to the municipality that sent their property tax notice. People should visit their municipality’s website or tax office for more information.

    During a postal disruption, penalty and interest rules still apply. People may want to choose a payment option that does not require mail services.

    Property tax deferment:

    The property tax deferment program allows homeowners to delay their property tax for the year. Families with children, people 55 and older, a surviving spouse and people with disabilities may be eligible.

    Homeowners can renew their application or apply for property tax deferment online. People should renew or apply before their property taxes are due as late penalties may apply. People do not need to wait for their property tax notice to arrive before they can apply to defer their property taxes.

    Property transfer tax:

    Property transfer tax is paid online when people buy or register an interest in a property.

    However, if people need to pay audit assessments or other account fees on their property transfer tax, they could be affected by a postal strike. To avoid delays and penalties, people can pay through their bank or financial institution, at a Service BC location or by drop box at the Ministry of Finance, 1802 Douglas St., Victoria. Envelopes can be dropped off with a cheque, bank draft or money order made payable to the Minister of Finance.

    Refunds:

    People may be eligible for a refund if they overpaid a tax, paid in error or for other reasons depending on the tax. To be considered on-time, refund applications must be received by the ministry before the due date. Refund application forms include information about time limits and how to submit them to the Province.

    Appeals:

    People appealing tax assessments must submit their appeal on or before the deadline. Generally, appeals must be received within 90 days from the date on the appealable notice or letter. However, there are some exceptions and people should confirm their appeal deadline.

    Learn More:

    For more information about provincial taxes during a postal disruption, visit: https://www2.gov.bc.ca/gov/content/taxes/tax-updates/postal-disruption

    For information about how disability and income assistance will continue during the disruption, visit: https://news.gov.bc.ca/releases/2025SDPR0004-000463

    To learn about municipal and rural property tax deadlines, visit: https://www2.gov.bc.ca/gov/content/taxes/property-taxes/annual-property-tax/important-dates

    For ways to submit appeals, visit: https://www2.gov.bc.ca/gov/content/taxes/verification-audit-ruling-appeal/appeal/minister

    To register with the CRA to receive tax refunds and benefit payments directly to your account, visit: https://www.canada.ca/en/revenue-agency/services/about-canada-revenue-agency-cra/direct-deposit.html

    To learn more about eTaxBC, visit: https://www2.gov.bc.ca/gov/content/taxes/etaxbc/about

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI USA: Congresswoman Torres & Congressman LaMalfa Lead Bipartisan Letter Supporting Native Seed Bank Funding

    Source: United States House of Representatives – Congresswoman Norma Torres (35th District of California)

    June 02, 2025

    Washington, D.C. – Today, Congresswoman Norma Torres (CA-35), a member of the Congressional Native American Caucus, and Congressman Doug LaMalfa (CA-01) led a bipartisan letter urging expanded funding for the Native Seed Bank in the Interior Appropriations Bill. The letter calls on the U.S. Department of the Interior to establish a new pilot program under the National Seed Strategy, which plays a critical role in preserving and distributing native seeds for ecological restoration—particularly in regions impacted by extreme weather, habitat loss, and other environmental threats.

    “The Native Seed Bank is crucial to protecting our natural resources and ensuring our ecosystems can recover and thrive. Preserving native plant species isn’t just an environmental issue—it’s about safeguarding the livelihoods and traditions of tribal communities that depend on these ecosystems,” said Congresswoman Torres. “This bipartisan letter reflects our shared commitment to protecting Native land, water, and wildlife through proactive conservation efforts. With continued support, we can strengthen these efforts, promote biodiversity, and ensure the health of our lands for future generations.”

    The Native Seed Bank, managed by the Bureau of Land Management, is crucial for collecting and distributing native plant seeds that support habitat restoration, combat soil erosion, and address climate change. The funding requested will ensure the program’s continued success and expand its impact nationwide.

    Read the full letter here. 

    ###

    MIL OSI USA News –

    June 3, 2025
  • MIL-OSI USA: Muddying the Waters: More Confusion on Crypto Asset Security Status

    Source: Securities and Exchange Commission

    Over the last several months, we have heard repeatedly that the Commission, and its new Crypto Task Force, are embarking on a quest to give the crypto industry regulatory clarity.[1] We’ve heard “change is coming fast” [2] for crypto at the SEC and that the crypto markets will soon be free from the “limbo” they’ve been “languishing […] in for years.”[3]

    In the name of this clarity, we’ve seen staff statement after staff statement, pronouncing that all sorts of crypto assets are not securities.[4] And yet, now we see no objection to the effectiveness of new exchange-traded funds[5] that assert certain crypto assets—ETH and SOL—actually are securities.[6] Does this Commission, in fact, believe that ETH and SOL are securities?

    How is it that these crypto assets are supposedly not securities when it comes to registration requirements, but conveniently are securities when a registrant sees an opportunity to sell a new product?

    If you’re confused, join the club. These developments lay bare that we are not actually chasing crypto regulatory clarity — these assets cannot be both securities and not securities at the exact same time.[7] Rather than clarity, it seems we are simply getting out of the way of anything and everything in the crypto space. In so doing, we are thwarting any meaningful attempt to apply a coherent regime to crypto assets and rewarding a maximally aggressive approach to entering our markets. This results in opportunistic – and deeply inconsistent – legal interpretations. Even our staff can’t reconcile these inconsistencies, though their concerns don’t seem to matter much these days.[8]

    So far, the Commission and The Crypto Task Force’s journey to clarity has only taken us further and further adrift in increasingly muddy waters of our own making.


    [4] See U.S. Securities & Exchange Commission Division of Corporation Finance,Staff Statement on Meme Coins, (Feb. 27, 2025); U.S. Securities & Exchange Commission Division of Corporation Finance,Statement on Certain Proof of Work Mining Activities, (Mar. 20, 2025); U.S. Securities & Exchange Commission Division of Corporation Finance,Statement on Stablecoins, (Apr. 4, 2025). See also Commissioner Caroline A. Crenshaw,Response to Staff Statement on Meme Coins: What Does it Meme?(Feb. 27, 2025); Commissioner Caroline A. Crenshaw,Crypto Mining Statement: The Flame in Plato’s Cave, (Mar. 20, 2025); Commissioner Caroline A. Crenshaw,“Stable” Coins or Risky Business?, (Apr. 4, 2025). See generally Commissioner Hester M. Peirce, New Paradigm: Remarks at SEC Speaks, (May 19, 2025) (citing the Commissioner’s view that “most currently existing crypto assets in the market are not [securities]”).

    [5] See ETF Opportunities Trust, Form N-1A (May 30, 2025) available at https://www.sec.gov/ix?doc=/Archives/edgar/data/1771146/000199937125006935/osprey-485bpos_053025.htm (485BPOS post-effective amendment registering two new ETFs: Rex-Osprey ETH + Staking ETF and the Rex-Osprey SOL + Staking ETF). Importantly, these products are exchange-traded funds (ETFs) that purport to be registered under the Investment Company Act of 1940. These products are different than, but often conflated with, exchange-traded products (ETPs) that are separately approved to list and trade under the Exchange Act of 1934. In the ETP space, products are approved to list and trade on exchanges based on the fact that the underlying assets are generally not securities, such as ETH. See, e.g., Securities and Exchange Act Release No. 100541 (July 17, 2024,) 89 FR 59786 (July 23, 2024); see also Securities and Exchange Act Release No.100233 (May 28, 2024), 89 FR 47618 (June 3, 2024). In contrast, registered investment companies, including ETFs, generally must invest primarily in securities. See 15 U.S.C. § 80a-3(a)(1)(A)-(C) (providing the definition of an “investment company” and generally identifying an issuer as an investment company if it invests in securities in the manners described in subsections (A) or (C)). With yesterday’s new ETFs, we have both an ETH ETP and ETH ETF. How can both of these products be in compliance with the securities laws? See also Commissioner Caroline A. Crenshaw, Statement Dissenting from Approval of Proposed Rule Changes to List and Trade Spot Bitcoin Exchange-Traded Products (Jan. 10, 2024).

    [7] While the 1933 Act and the 1940 Act are distinct regulatory regimes, except in specific, rare circumstances identified by the staff or by a court, the two Acts generally treat questions of security status the same. This parity creates consistency across the federal securities laws. See, e.g., Marine Bank v. Weaver, 455 U.S. 551 (1982); Putnam Diversified Premium Income Trust, SEC No-Action Letter (July 10, 1989).

    [8] SEC staff provided a letter via EDGAR to a registrant in response to two new ETFs, Rex-Osprey ETH + Staking ETF and the Rex-Osprey SOL + Staking ETF. The letter explains that the registrant allowed the funds’ registration statement to become effective despite significant unresolved comments from staff in the Division of Investment Management. These outstanding issues include concerns that the funds may not meet the definition of an investment company and that related disclosure in the registration statement may be potentially misleading, among other issues. It is to the detriment of market participants and investors when the staff’s review is not met with good faith engagement and comments are not fully resolved prior to effectiveness. See SEC EDGAR Correspondence, ETF Opportunities Trust (May 30, 2025) available at https://www.sec.gov/Archives/edgar/data/1771146/000000000025005772/filename1.pdf. It is further to the detriment of the market when the Commission fails to use its tools to stop funds from introducing such uncertainty.

    MIL OSI USA News –

    June 3, 2025
  • PM Modi highlights India’s aviation boom at IATA’s 81st Annual General Meeting

    Source: Government of India

    Source: Government of India (4)

    Prime Minister Narendra Modi on Monday addressed the International Air Transport Association’s (IATA) 81st Annual General Meeting (AGM) and the plenary session of the World Air Transport Summit (WATS) at Bharat Mandapam in New Delhi, emphasizing India’s emergence as a global leader in aviation and space convergence. Marking the return of the IATA AGM to India after 42 years, Modi showcased the transformative growth of India’s aviation sector, calling it a hub of policy leadership, innovation, and inclusive development.

    “Today, India is emerging as a leading force in the global space-aviation convergence,” Modi declared, highlighting the sector’s historic advancements over the past decade. He described India as the world’s third-largest domestic aviation market, with 240 million passengers annually, surpassing the population of most countries. By 2030, this figure is projected to reach 500 million, with air cargo expected to grow from 3.5 million metric tons to 10 million metric tons by the decade’s end.

    PM Modi underscored the success of the UDAN scheme, which has enabled over 15 million passengers, many first-time flyers, to access affordable air travel, calling it a “golden chapter” in Indian aviation history. He highlighted the expansion of operational airports from 74 in 2014 to 162 today, with an annual passenger handling capacity of 500 million. Indian carriers have ordered over 2,000 new aircraft, signaling robust growth, while the Maintenance, Repair, and Overhaul (MRO) sector has grown from 96 facilities in 2014 to 154, bolstered by 100% FDI, GST reductions, and tax rationalization.

    The Prime Minister outlined three pillars driving India’s aviation sector: a vast, aspirational market; a young, innovative talent pool excelling in AI, robotics, and clean energy; and a supportive policy ecosystem. He highlighted the Protection of Interest in Aircraft Objects Bill, aligning India with the Cape Town Convention, and incentives at Gift City, making India an attractive destination for global aircraft leasing companies. The new Indian Aircraft Act, Modi noted, streamlines regulations and simplifies taxes, presenting significant investment opportunities for international aviation firms.

    PM Modi emphasized India’s commitment to sustainability, with investments in sustainable aviation fuels and green technologies to reduce the carbon footprint. He showcased the Digi Yatra app, a paperless, facial-verification-based travel solution, as a model for the Global South, enhancing safety, efficiency, and user experience. “India’s innovations in serving a large population can benefit many countries,” he said.

    The Prime Minister highlighted India’s inclusive aviation model, with women comprising 15% of pilots—three times the global average—and 86% of cabin crew, surpassing the global 70% benchmark. Women engineers in the MRO sector also exceed global averages. Modi further noted the role of drone technology in empowering women’s self-help groups in agriculture and delivery services, fostering financial and social inclusion.

    Reaffirming India’s commitment to global aviation standards, PM Modi cited alignment with ICAO regulations and the adoption of the Delhi Declaration at the Asia-Pacific Ministerial Conference. He endorsed the Chicago Convention’s principles for open skies and global connectivity, urging stakeholders to ensure air travel is accessible, affordable, and secure.

    PM Modi positioned India as a value-chain leader in global aviation, from design to delivery, encouraging companies to embrace “Make in India” and “Design in India.” With a goal to establish a $4 billion MRO hub by 2030, he invited global aviation leaders to invest in India’s rapidly growing sector, which is creating jobs for pilots, crew, engineers, and ground staff.

    June 3, 2025
  • MIL-OSI Canada: Minister’s, parliamentary secretary’s, K-12 education partners’ statement on Pride 2025

    Source: Government of Canada regional news

    Lisa Beare, Minister of Education and Child Care, alongside Jennifer Blatherwick, parliamentary secretary for gender equity; B.C. School Trustees Association; BC School Superintendents Association; BC Association of School Business Officials; BC Principals’ & Vice-Principals’ Association; BC Teachers’ Federation; CUPE BC; BC Confederation of Parent Advisory Councils; BC Teachers’ Council; BC Public School Employers’ Association; First Nations Education Steering Committee; First Nations Schools Association; Métis Nation BC and Alliance of BC Modern Treaty Nations have issued the following statement to mark Pride 2025 and celebrate the 2SLGBTQIA+ community in B.C.’s education system:

    “Pride Month is a time to celebrate diversity, embrace inclusion and honour the incredible ways 2SLGBTQIA+ friends, students, neighbours, colleagues and family members help make B.C. a wonderful place to call home.   

    “Pride is also a call to act. Many 2SLGBTQIA+ community members continue to face discrimination or exclusion today, and school can be one of the very first places a child experiences it. That’s why it’s up to all of us to make sure that every day, when students, staff and community members walk through the school doors, they’re welcomed for who they are. When we stand together, we send a strong message: everyone belongs, and discrimination and bullying have no place in our schools or communities. These are important messages for kids to see, hear and feel as they learn and grow. We know this support changes lives – and saves lives.

    “Honouring Pride means acknowledging both pain and progress, while recognizing our individual responsibility to build an inclusive future for every child and youth. By fostering a sense of belonging and safety for all students and staff in schools, we can create learning environments where young people can thrive, because they’re supported to be who they are as individual people.  

    “To all those helping to stand up and make B.C.’s schools more inclusive, welcoming spaces for all students, thank you. From colourful crosswalks to vibrant community events, the widespread support for the 2SLGBTQIA+ community is clear. There are hundreds of thousands of people taking part in Pride throughout the province recognizing the significance of supporting and being an ally. This reflects decades of dedication from many organizations and 2SLGBTQIA+ advocates fighting for human rights and continuing to lead the way, with a commitment to equality and inclusion that inspires and brings people together.

    “This month and every month, we will continue working together as partners to make sure B.C.’s schools are places where everyone can feel safe and free to be who they are.

    “As we celebrate Pride 2025, we encourage everyone to stand together – recognizing and honouring the contributions and resilience of 2SLGBTQIA+ students, families and educators in their communities, with love and pride throughout B.C.”

    Learn More:

    If you or a friend is experiencing discrimination or harassment related to sexual orientation or gender identity, get help here: https://www2.gov.bc.ca/gov/content/erase

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Saskatchewan Mining Week Celebrates Sector’s Importance to Province

    Source: Government of Canada regional news

    Released on June 2, 2025

    The Government of Saskatchewan is pleased to proclaim June 1 to June 7 as Saskatchewan Mining Week, an opportunity to recognize the important contributions of the people who work in the industry and the significant impact mining has on the provincial economy. 

    “Our world-class mining industry is key to the prosperous way of life we enjoy in Saskatchewan, creating good jobs, economic growth and a sustainable, secure future,” Energy and Resources Minister Colleen Young said. “As global demand for critical minerals continues to rise, we are increasing production in core sectors like potash and uranium and seeing growth in emerging commodities like helium, lithium, copper and zinc. This year’s Mining Week theme of Talent, Technology and Trade: Opportunities for Saskatchewan’s Mining Sector reflects our optimism for the future of mining in our province.”  

    The Saskatchewan mining industry directly or indirectly employs over 30,000 people and procures billions of dollars in goods and services annually from local mining supplier businesses. Mining is a major source of private investment and generates government revenue to fund the programs and services Saskatchewan people rely on, like education and health care.

    “In the next decade, Saskatchewan’s growing mining industry will need 15,000 new employees in rewarding careers like trades and engineering. To increase the mining labour pool, we are promoting career awareness of prevalent and critical careers and showcasing some of the innovative ways that mining companies and their partners are training and attracting the new generation of talented employees that underpin the success of Saskatchewan’s mining sector,” Saskatchewan Mining Association President Pam Schwann said.

    Saskatchewan is home to 27 of the 34 minerals on Canada’s critical minerals list. In 2024, potash production reached an all-time high of 15.1 million tonnes of potassium oxide, while uranium production and sales reached record highs of 16,700 tonnes and $2.6 billion, respectively. Projects in these and other critical minerals like helium, lithium, copper and zinc continue to advance along with the Saskatchewan Research Council’s Rare Earth Processing facility, which has begun producing rare earth metals at a commercial scale.  

    With an abundance of resources, competitive incentives and a predictable and stable regulatory framework, Saskatchewan is one of the best places in the world to invest in resource development. The Fraser Institute’s annual survey of mining companies consistently ranks Saskatchewan as the top jurisdiction in Canada and the top three in the world for mining investment competitiveness. 

    -30-

    For more information, contact:

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI Canada: Canadian soldier of the First World War identified

    Source: Government of Canada News

    June 2, 2025 – Ottawa – National Defence / Canadian Armed Forces

    The Department of National Defence (DND) and the Canadian Armed Forces (CAF) have identified a previously unknown First World War grave in Adanac Military Cemetery in Miraumont, France, as that of Captain William Webster Wilson, a Canadian soldier. The identification was confirmed through historical and archival research.

    The CAF’s Casualty Identification Program plays a vital role in ensuring that those who made the ultimate sacrifice are never forgotten. Through meticulous research and collaboration, it reconnects fallen soldiers with their families, their units and the nation. The identification of Captain Wilson’s grave more than 100 years after his death is a testament to this commitment. His story – one of service, courage, and sacrifice – now has the recognition it deserves. As we honour his memory, Canadians have the opportunity to reflect on the immense contributions of those who fought for our country.

    William Wilson was born on November 29, 1890, in Edinburgh, Scotland, to Hugh Cunningham and Mary Ann Lyell (née Webster) Wilson. William had a younger brother, Hugh. William joined the Royal Bank of Scotland at the age of 15, working at several branches in Edinburgh. He resigned in 1911, shortly after his mother’s death, immigrated to Canada and joined the Bank of Montreal. He initially worked in Toronto, before joining the branch in Lindsay, Ont. Despite his immigration to Canada and the relocation of his father and brother to a farm in Gilgandra, New South Wales, Australia, the family remained in close contact.

    Before the First World War, William volunteered with local militia units in both Scotland and Canada. While in Lindsay, he was a Captain with the 45th Victoria Regiment and joined the thousands of men who travelled to Valcartier, Que., to enlist following the outbreak of war. He enlisted on September 23, 1914, as an Honorary Captain and Paymaster with the 1st Canadian Divisional Signal Company. After training in Quebec and England, he was taken on strength by his unit in France in April 1915. Originally attached to the 1st Divisional Headquarters, by 1916 he was attached to the Canadian Section of General Headquarters, 3rd Echelon of the British Expeditionary Force.

    By the fall of 1916, gruelling fighting and heavy losses sustained during the Somme Offensive meant that trained men were desperately needed on the front lines. Probably due to his extensive militia experience and recent completion of a machine gun course, Captain Wilson was attached to the 16th Canadian Infantry Battalion (Canadian Scottish), Canadian Expeditionary Force. On October 8, 1916, the Canadian Corps participated in the Battle of the Ancre Heights, as part of the broader Somme Offensive. The 16th Canadian Battalion was involved in an unsuccessful attempt to capture Regina Trench, and Captain Wilson was reported missing the next day, on October 9. It was not until June 24, 1919, that his brother Hugh received a second-hand account indicating that Captain Wilson had been killed by a shell. At the time of his death, Captain Wilson was 25 years old.

    In 2016, external researchers submitted a report to the Commonwealth War Graves Commission (CWGC) regarding the grave of an unidentified captain of the 16th Battalion buried at Adanac Military Cemetery. Following extensive research, DND’s Directorate of History and Heritage (DHH) determined that the grave could only belong to Captain Wilson, whom the external researchers had not considered as a candidate. DHH researchers determined that, while Captain Wilson was officially commemorated as a member of the Canadian Signal Corps, he had died while serving with the 16th Battalion. The identification was confirmed by the Casualty Identification Review Board in December 2024.

    Captain Wilson’s family was notified of his identification, and the CAF is providing them with ongoing support. A headstone rededication ceremony will take place at the earliest opportunity at Adanac Military Cemetery, which is maintained by the CWGC.

    MIL OSI Canada News –

    June 3, 2025
  • MIL-OSI USA: CFTC Names Paul Hayeck as Acting Director of Division of Enforcement

    Source: US Commodity Futures Trading Commission

    WASHINGTON, D.C. — Commodity Futures Trading Commission Acting Chairman Caroline D. Pham today announced Paul G. Hayeck as the Acting Director of the Division of Enforcement. Hayeck has served at the CFTC for 25 years and has been a deputy director in the Division of Enforcement since 2013. He will continue to serve as the acting chief of the Division’s Complex Fraud Task Force.
    “I’ve been impressed with Paul’s deep expertise and skill since I was a CFTC enforcement intern over 15 years ago,” said Acting Chairman Pham. “Paul’s unwavering commitment to integrity and fairness is the kind of strong leadership we need at the CFTC. His accomplishments as Acting Chief of the Complex Fraud Task Force and his extensive experience at the CFTC make him well suited to lead the Division of Enforcement. I’ve never been more confident in the CFTC’s mission to protect our markets, hold fraudsters accountable, and help victims with Paul in charge.”
    “I want to thank Acting Chairman Pham for the opportunity to lead the Division as we get back to basics and focus our resources and abilities on our core mission to prevent fraud, manipulation, and abuse in our markets,” Hayeck said.
    Throughout his career, Hayeck has represented the CFTC in numerous federal courts as litigation counsel in cases involving a broad range of Commodity Exchange Act violations, including market manipulation and complex fraud, with a particular focus in energy trading cases. Among other noteworthy cases, Hayeck led the division’s litigation team in the landmark case of CFTC v. Parnon Energy Inc., et al. in the U.S. District Court for the Southern District of New York, which resulted in a favorable opinion for the CFTC regarding its jurisdiction. 
    Prior to joining the CFTC, Hayeck was a partner in a law firm in Boston where he focused on commercial litigation. He also previously worked as litigation counsel for the Federal Deposit Insurance Corporation. In these positions, Hayeck frequently appeared in numerous federal and state courts. 
    Hayeck holds an LL.M. in banking law and a J.D. from Boston University School of Law. He is a graduate of the College of the Holy Cross, where he received a Bachelor of Arts in economics.

    MIL OSI USA News –

    June 3, 2025
  • MIL-OSI Security: Second Defendant Pleads Guilty For Fraudulently Obtaining Millions In Public Benefits And Laundering Proceeds To China

    Source: Office of United States Attorneys

    HARRISBURG – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Carlos A. Grijalva, age 59, of Simi Valley, California, pleaded guilty before United States District Judge Jennifer P. Wilson to one count of conspiracy to launder monetary instruments in the amount of approximately $46.4 million.

    Grijalva is the second defendant to plead guilty in connection with this case, following the guilty plea of Bruce Jin in January 2025. In April 2025, Grijalva, along with a third defendant, Brian R. Cleland, was charged in a superseding indictment with conspiracy to launder monetary instruments and other offenses, after charges were originally filed against all three defendants in August 2023.

    According to Acting United States Attorney John C. Gurganus, Grijalva admitted that, from 2021 to early 2022, he, Cleland, and Jin, along with other unnamed coconspirators, agreed to launder state unemployment compensation funds that they knew had been obtained through fraud. Grijalva also admitted that he and the others entered into a series of agreements that made it appear as if they were operating legitimate businesses selling masks and other COVID19 personal protective equipment while knowing that the funds obtained and laundered through their companies were derived from fraudulently obtained state unemployment compensation (“UC”) benefits.

    Grijalva also admitted to knowing that bank accounts of identity theft victims were unlawfully accessed across the United States and that fraudulent UC claims were generated and paid to these accounts. Grijalva understood that this fraudulent activity was being conducted by fraudsters located in China. Through this pattern of financial activity, tens of millions of dollars of fraudulent UC payments were issued to accounts by the Pennsylvania Treasury Department and other state treasuries around the United States.

    Grijalva also admitted that he and Cleland then provided the bank account information of these identity theft victims to payment processing companies to generate ACH payments to accounts controlled by him and Cleland. The bank account information being provided to him and Cleland, including account numbers and routing numbers, was likewise from an individual in China, known in the superseding indictment as “COCONSPIRATOR 2.” As a result of this fraudulent activity, Grijalva and Cleland obtained over $46 million in fraudulently obtained funds. Grijalva admitted that he and Cleland discussed, on a number of occasions, that the supposed sale of COVID-19-related PPE would be their cover story for this financial activity.

    After that, Cleland and Grijalva, using a number of different bank accounts, transferred over $30 million to companies controlled by Bruce Jin, as well as transferring additional funds to an individual known as “COCONSPIRATOR 1” in the superseding indictment. Grijalva admitted that he and Cleland made transfers to Jin knowing that Jin would, in turn, transfer at least a portion of these funds to parties located in China.

    Grijalva also admitted that he and Cleland each made an estimated $2.2 million dollars in personal profit from the scheme.

    Grijalva agreed to certain property forfeitures as part of his plea agreement, including approximately $46.4 million in US currency, as well as the contents of several bank accounts and real properties located in Hawaii and California that were purchased using funds traceable to the charged offenses. One of these properties, located in California, was purchased in the name of one of Grijalva’s family members.

    Jin has been detained since his arrest in August 2023 and is awaiting sentencing. Cleland has pleaded not guilty to the charged offenses and is awaiting trial.

    The case was investigated by the Federal Bureau of Investigation and the U.S. Department of Labor, Office of Inspector General. Assistant U.S. Attorneys Ravi Romel Sharma and K. Wesley Mishoe and Trial Attorney Patrick B. Gushue of the Department of Justice’s Money Laundering & Asset Recovery Section, Bank Integrity Unit, are prosecuting the case. 

    The U.S. Attorney General previously established the COVID-19 Fraud Enforcement Task Force to marshal the resources of the Department of Justice in partnership with agencies across government to enhance efforts to combat and prevent pandemic-related fraud. For more information on the department’s response to the pandemic, please visit https://www.justice.gov/coronavirus.

    The maximum penalty for conspiracy to launder monetary instruments is 20 years of imprisonment, a term of supervised release following imprisonment, and a fine.

    A sentence following a finding of guilt is imposed by the Judge after consideration of the applicable federal sentencing statutes and the Federal Sentencing Guidelines. All persons charged are presumed to be innocent unless and until found guilty in court.

    # # #

    MIL Security OSI –

    June 3, 2025
  • MIL-OSI: Kvika banki hf.: Transaction in relation to a share buy-back programme

    Source: GlobeNewswire (MIL-OSI)

    In week 22 Kvika banki hf. („Kvika“ or „the bank“) purchased 23,000,000 of its own shares at the purchase price ISK 380,150,000. See further details below:

    Date Time No. of shares purchased Share price (rate) Purchase price
    26.5.2025 10:12:07 1,500,000 15.800 23,700,000
    26.5.2025 10:53:38 1,000,000 15.925 15,925,000
    26.5.2025 11:11:52 1,000,000 15.875 15,875,000
    26.5.2025 13:15:32 1,500,000 15.800 23,700,000
    26.5.2025 14:17:22 1,000,000 15.800 15,800,000
    26.5.2025 15:19:12 750,000 15.800 11,850,000
    27.5.2025 10:18:08 2,000,000 15.975 31,950,000
    27.5.2025 11:02:06 1,000,000 15.975 15,975,000
    27.5.2025 12:31:33 1,000,000 15.950 15,950,000
    27.5.2025 14:09:45 1,500,000 15.900 23,850,000
    27.5.2025 15:04:50 1,250,000 15.900 19,875,000
    28.5.2025 10:33:34 2,000,000 17.000 34,000,000
    28.5.2025 13:21:20 2,000,000 17.350 34,700,000
    28.5.2025 14:17:08 1,000,000 17.400 17,400,000
    30.5.2025 10:50:38 2,000,000 17.750 35,500,000
    30.5.2025 12:10:15 1,500,000 17.700 26,550,000
    30.5.2025 14:54:22 1,000,000 17.550 17,550,000
    Total   23,000,000   380,150,000

    The trade is in accordance with Kvika‘s buyback programme, announced on 22 May 2025 and based on the authorisation of a shareholders‘ meeting of Kvika held on 21 March 2024 and renewed at the Annual General Meeting on 26 March 2025.

    Kvika has now purchased a total of 23,000,000 shares under the buyback programme, which corresponds to 0.497% of issued shares in the company. The total purchase price is ISK 380,150,000. Post these transactions Kvika holds 157,410,410 of own shares which corresponds to 2.902% of issued shares.

    Buyback under the programme will amount to a maximum purchase price of 2,500,000,000 ISK but for no higher amount than 236,409,591 shares.

    The buyback programme is in effect from 22 May 2025 until Kvika‘s annual general meeting 2026. unless the maximum purchase price will be reached before that time.

    The execution of the buy-back programme must comply with Act on Public Limited Companies. No. 2/1995. In addition. the buy-back programme must be implemented as provided for in the Regulation of the European Parliament and of the Council no. 596/2014. on market abuse. as well as the Commission Delegated Regulation (EU) 2016/1052 on regulatory technical standards for the conditions applicable to buy-back programmes and stabilisation measures. which supplements that Regulation.

    Further information please contact Kvika‘s investor relations, ir@kvika.is.

    The MIL Network –

    June 3, 2025
  • MIL-OSI USA: Ahead of Hurricane Season, King Urges Trump Administration to Reinstate Terminated Employees at Weather Forecast Offices

    US Senate News:

    Source: United States Senator for Maine Angus King
    WASHINGTON, D.C. — U.S. Senator Angus King, alongside 14 of his colleagues, is urging the Trump Administration to swiftly reinstate terminated employees at the National Weather Service (NWS) and National Oceanic and Atmospheric Administration (NOAA) as Maine faces an unpredictable hurricane season ahead. In a letter to Secretary of Commerce Howard Lutnick and Acting Administrator of NOAA Laura Grimm, King and his fellow Senators emphasized that staff reductions at both agencies pose a threat to public safety and emergency preparedness by undercutting essential forecasting and weather monitoring systems. The Senators requested information on how the administration plans to address staffing at both agencies. 
    “NWS would be unable to provide accurate and timely forecasts without sufficient staffing levels at weather forecast offices nationwide. In addition to daily forecasting operations, weather forecast offices are responsible for issuing emergency weather warnings ahead of events such as major floods, wildfire hazards, hurricanes, and blizzard conditions,” wrote the Senators. “As the frequency and severity of such disasters increase, maintaining NWS’s real-time forecasting operations is essential to saving lives and reducing the cost of recovery for disaster-affected communities.” 
    The Senators continued: “NWS employees and the programs they support are essential to the safety of the millions of Americans impacted by storms and disasters each year. On February 27, 2025, 108 probationary NWS employees were terminated, adding to the 170 staff who accepted the Administration’s ‘deferred resignation’ plan earlier that month. These staffing cuts are already impacting NWS services, forcing NWS to halt weather balloon launches in New York, Maine and Alaska that provide daily weather data to meteorologists at weather forecast offices across the country.”  
    “As we head into hurricane season, 30 weather forecast offices are without a meteorologist-in-charge, one is completely without any managers at all, and nearly a dozen are preparing to shut down 24/7 services without immediate action to address shortages,” wrote the Senators. “We urge you to reassess the staffing needs at NOAA and NWS and reinstate terminated probationary employees swiftly.” 
    NWS maintains 122 weather forecast offices across the United States which are responsible for providing 24/7 weather monitoring and forecasts. The NWS Forecast Offices in Gray and Caribou are vital to providing Maine people across the state with information on how to prepare for and protect their families from flooding and extreme weather events. The Department of Commerce is reportedly planning to eliminate an additional 1,000 staff from NOAA, including at NWS, in the coming weeks. These cuts, combined with current staffing constraints, could reduce the NWS workforce by 15% just months into 2025. Maine fishermen have raised concerns about the layoffs which have impacted the fish management division and reliable data for weather forecasts.
    In addition to Senator King, the letter was signed by Senators Peter Welch (D-VT), Chris Van Hollen (D-MD), Jeff Merkley (D-OR), Angela Alsobrooks (D-MD), Tina Smith (D-Minn.), Ron Wyden (D-OR), Alex Padilla (D-CA), John Hickenlooper (D-CO), Reverend Raphael Warnock (D-GA), Ed Markey (D-MA), Bernie Sanders (I-VT), Dick Durbin (D-IL), Richard Blumenthal (D-CT) and Brian Schatz (D-HI). 
    The full text of the letter is available here and below. 
    +++
    Dear Secretary Lutnick, and Acting Administrator Grimm,
    We write to express our concern with recent layoffs at the National Weather Service (NWS). Reports indicate that over 550 employees have been terminated or accepted deferred resignation offers. We believe that these staff reductions pose a threat to public safety and emergency preparedness by undercutting essential forecasting and weather monitoring systems. We urge you to reinstate terminated NWS employees and request additional information on how the administration plans to address staffing at NWS.
    NWS maintains 122 weather forecast offices across the United States which are responsible for providing 24/7 weather monitoring and forecasts. NWS would be unable to provide accurate and timely forecasts without sufficient staffing levels at weather forecast offices nationwide. In addition to daily forecasting operations, weather forecast offices are responsible for issuing emergency weather warnings ahead of events such as major floods, wildfire hazards, hurricanes, and blizzard conditions. As the frequency and severity of such disasters increase,  maintaining NWS’s real-time forecasting operations is essential to saving lives3and reducing the cost of recovery for disaster-affected communities.
    NWS employees and the programs they support are essential to the safety of the millions of Americans impacted by storms and disasters each year. On February 27, 2025, 108 probationary NWS employees were terminated, adding to the 170 staff who accepted the Administration’s “deferred resignation” plan earlier that month. These staffing cuts are already impacting NWS services, forcing NWS to halt weather balloon launches in New York, Maine, and Alaska that provide daily weather data to meteorologists at weather forecast offices across the country. As we head into hurricane season, 30 weather forecast offices are without a meteorologist-in-charge, one is completely without any managers at all, and nearly a dozen are preparing to shut down 24/7 services without immediate action to address shortages.
    The Department of Commerce is reportedly planning to eliminate an additional 1,000 staff from the National Oceanic and Atmospheric Administration (NOAA), including at NWS, in the coming weeks. All told, NWS offices, already suffering from staffing constraints, could see a 15% reduction in force just months into 2025.
    We request a response to the following questions by June 10, 2025:
    How many of the NWS regional weather forecast offices were impacted by terminations or deferred resignations since January 20, 2025? Please provide a list of affected offices, including how many staff departed and how many remain.
    With reports of at least one weather forecast office in Goodland, Kansas stopping 24/7 operations due to staffing shortages, how do the Department of Commerce and NOAA plan to maintain continued 24/7 operation of forecasting offices without requiring excessive overtime hours from staff?
    With a requested budget cut of $1.311 billion for NOAA’s overall budget, and a $209 million cut for NWS procurement of weather satellites and infrastructure9 , how does the Department of Commerce and NOAA plan to ensure adequate staffing and preparedness in the midst of worsening storm seasons, increasing heat waves, and changing weather patterns?
    As NWS employees are critical to public safety, especially heading into hurricane season, will the Department of Commerce grant an exemption to the hiring freeze to fill these crucial positions?
    We urge you to reassess the staffing needs at NOAA and NWS and reinstate terminated probationary employees swiftly. We appreciate your attention to this matter and look forward to your response.
    Sincerely,

    MIL OSI USA News –

    June 3, 2025
  • MIL-OSI Russia: International Conference “Growth and Resilience of Central, Eastern and Southeastern European Countries in a Fragmented World” Held in Dubrovnik

    Source: IMF – News in Russian

    June 2, 2025

    Dubrovnik: The two-day international conference “Growth and Resilience of Central, Eastern and Southeastern European Countries in a Fragmented World”, organized jointly by the Croatian National Bank (CNB) and the International Monetary Fund (IMF) ended on May 30 in Dubrovnik. This is the fourth time the CNB and the IMF have teamed up to co-host such a conference.

    The conference was attended by leading representatives of international institutions, central banks, governments, academia and the business sector. It provided an opportunity to discuss challenges and opportunities for Central, Eastern and Southeastern European (CESEE) countries in the context of global economic and political fragmentation, the need to strengthen the resilience of macroeconomic policies, the role of CESEE countries in the European single market and structural reform priorities.

    The key speakers and panelists at the conference were Kristalina Georgieva, Managing Director of the International Monetary Fund, Boris Vujčić, Governor of the Croatian National Bank, and Valdis Dombrovskis, Commissioner of the European Commission.

    Kristalina Georgieva stated: “Faced with structural headwinds and a more volatile external environment, domestic reforms present a unique opportunity to unlock the region’s full potential and foster strength and resilience. Through the IMF’s surveillance and technical assistance, we are committed to supporting the CESEE region to unlock its growth potential. By acting decisively, we can transform the current challenges into opportunities and forge a brighter future for the region”.

    Governor Vujčić noted: “The reshaping of global value chains and re-industrialization in Europe will not happen evenly. The CESEE region must actively define its role — within the EU and beyond — to ensure it is not sidelined in these processes. It means accelerating digital transformation, advancing institutional reforms, and investing in the skills and capabilities needed to compete in high-value sectors. It also means strengthening the region’s ability to withstand shocks: from diversifying energy sources and modernizing infrastructure to building strategic reserves and ensuring robust public institutions.”

    During two days of the conference, expert panels and roundtables were held to discuss the importance of continuing reforms, strengthening fiscal space, adapting to the new global realities and investing in innovation and education as key prerequisites for sustainable growth and resilience of the region.

    At the end of the conference, in his concluding remarks, CNB Governor highlighted the need for joint action and exchange of experience in order for CESEE countries to successfully respond to the challenges of an increasingly fragmented global environment.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Eva-Maria Graf

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2025/06/02/pr-25170-international-conference-central-e-and-se-eur-countries-held-in-dubrovnik

    MIL OSI

    MIL OSI Russia News –

    June 3, 2025
  • MIL-OSI United Kingdom: New UK-Moroccan partnerships to grow UK economy

    Source: United Kingdom – Executive Government & Departments

    Press release

    New UK-Moroccan partnerships to grow UK economy

    Foreign Secretary in Morocco to forge new business opportunities with Morocco

    • British companies front of the queue to deliver infrastructure for the 2030 FIFA World Cup – injecting money into the UK economy 
    • game-changing deals with ministries of water, health, and trade, unlocking contracts in a market where public procurement opportunities are estimated at around £33bn over the next three years, including a £1.2bn Casablanca Airport project, with UK companies a key part of Morocco’s ‘Airports 2030’ programme
    • agreement to partner with Morocco’s national healthcare transformation reforms, worth over £2bn, will create opportunities for UK health sector and a new £150m hospital project, for UK finance and clinical expertise to deliver a 250-bed hospital in Casablanca, will drive revenue for an NHS trust

    The UK has strengthened its partnership with Morocco advancing our relationship worth over £4 billion annually and unlocking opportunities for UK businesses during Foreign Secretary visit to Morocco, ahead of 2030 World Cup.

    As part of the Government’s drive to boost economic growth, the UK and Morocco have announced a series of agreements to deepen collaboration and build business ties between both countries delivering its Plan for Change to boost growth, create jobs and put more money in people’s pockets.

    The Foreign Secretary has signed a series of partnerships unlocking opportunities for UK businesses in projects across the country, where public procurement opportunities are estimated at around £33bn over the next three years. This includes the possibility of infrastructure firms supporting World Cup host cities such Marrakech, Casablanca, and Rabat.

    This will put British businesses at the front of the queue to secure contracts to build Moroccan infrastructure for the 2030 World Cup – injecting money into the construction sector. Since the Sydney Olympic Games in 2000, UK expertise and industry has been involved in every major global sporting tournament. Today’s deal places British businesses in an advantageous position to support the 2030 World Cup, continuing Britain’s strong legacy of delivering sporting infrastructure and enduring impact.

    Other announcements include closer UK-Morocco cooperation on migration, counterterrorism, and joint action to tackle water scarcity and climate change, delivering greater security and green growth opportunities for both countries.

    A cooperation agreement on water and ports infrastructure, worth up to £200m, will promote UK expertise in sustainable water management, smart logistics, and green port technologies. An agreement on procurement will create a unique foundation for UK companies to access public tenders in Morocco, with national treatment exemptions ensuring a level playing field for UK innovation and expertise.

    The Foreign Secretary, David Lammy said:

    Africa has one of the greatest growth potentials of any continent – this young, dynamic population makes the continent an engine room for growth.

    Growth and prosperity will underpin our relationship Morocco and beyond, helping forge new opportunities at home and abroad.

    That is why I am visiting the country, to foster new business relationships between the UK and Morocco, and deliver on our commitment to strengthen our economy. These announcements mean UK businesses will be able to score big in the delivery of the 2030 World Cup.

    The UK has chosen to endorse autonomy within the Moroccan state as the most credible, viable, and pragmatic basis for a mutually-agreed and lasting solution to the Western Sahara dispute, one that can deliver on our commitments to conflict resolution in the region and self-determination for the people of Western Sahara.

    Minister for Trade Policy, Douglas Alexander said:

    Morocco is becoming an increasingly important trade and investment partner for the UK.

    Growth is this government’s top priority and stronger ties with economies like Morocco will pave the way for new opportunities, supporting British businesses and creating jobs.

    UK companies are already securing major commercial wins in Morocco, playing a vital role in delivering critical infrastructure for the 2030 World Cup.

    As part of the visit, the Government has announced that it will adopt a new UK policy position towards Western Sahara. The conflict, ongoing for almost 50 years, has undermined stability and stifled prosperity in the region particularly for the Sahrawi refugees in the Tindouf camps. 

    As a member of the UN Security Council, and as a friend to countries across the region, the UK’s new position seeks to support a mutually-agreed solution to the conflict that supports the UN-led process and respects the principle of self-determination. Approaching the 50-year anniversary of the conflict, it is vital that we leverage this window of opportunity to secure a lasting solution to the dispute, and one that delivers a better future for the people of the Western Saharah.

    The Foreign Secretary’s visit to Morocco is part of the Government’s agenda to reboot cooperation with countries across the continent, underpinned by the UK’s Progressive Realist approach to Foreign Affairs. Across Africa, this means building genuine partnerships that are rooted in mutual respect across trade and investment, security, and tackling the drivers of irregular migration.

    The visit will be used to announce a new deal for the UK healthcare sector to supply equipment to hospitals and medical centres across the country. The deal represents a boost to the UK exports of medical and life sciences equipment, with Morocco due to spend up to £2.8 billion pounds to transform their health care system.

    The Foreign Secretary is attending the Ibrahim Governance Weekend (IGW) in Marrakech where he will meet with counterparts and leaders from across the African continent to discuss shared challenges including security, defence and the climate crisis.

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    Updates to this page

    Published 2 June 2025

    MIL OSI United Kingdom –

    June 3, 2025
  • MIL-OSI: ZA Miner Enhances Cloud Mining Platform with Flexible Contracts and Automated Payout Architecture

    Source: GlobeNewswire (MIL-OSI)

    ZA Miner’s new flexible contracts and automated mining systems broaden secure access to regulated crypto earnings.

    Image by ZA Miner

    MIDDLESEX, United Kingdom, June 02, 2025 (GLOBE NEWSWIRE) — ZA Miner, a United Kingdom-based cloud mining platform operated by FCA-regulated ZA Fundings Ltd, has announced a new set of features designed to expand secure and structured access to cryptocurrency mining. The platform’s latest update introduces flexible contract options and a fully automated payout system, reinforcing its commitment to infrastructure transparency and regulatory compliance.

    In response to growing interest in decentralized digital asset participation, ZA Miner now offers mining contracts with varied durations and projected performance estimates. These options are designed to accommodate different risk profiles and investment goals, from short-term entry-level contracts to longer-term commitments.

    Each contract is processed through ZA Miner’s automated backend system, which activates mining operations immediately upon user registration or contract execution. This reduces manual handling and ensures real-time integration with performance monitoring tools, allowing users to track contract activity through a secure dashboard.

    Mining activity is powered by energy-efficient equipment located in distributed data centers across regions such as Iceland and Kazakhstan. These locations were selected for their access to renewable energy and stable infrastructure, aligning with the platform’s emphasis on environmental responsibility and operational continuity.

    ZA Miner Contract Options

    Daily mining payouts are automatically distributed to users’ designated cold wallets using encrypted transfer protocols. The automated process removes the need for user-initiated withdrawals and supports consistent, secure delivery of earnings. The platform’s interface also includes analytics tools that allow users to evaluate mining performance and adjust their engagement based on data.

    A spokesperson for ZA Miner stated: “The addition of flexible contracts and automation reflects our mission to improve transparency and reduce entry barriers for users globally. Every update we implement is guided by our commitment to operational security and compliance.”

    ZA Miner operates under the supervision of the UK Financial Conduct Authority (FCA). All mining activities and user-facing systems are developed in line with UK regulatory frameworks. While historical performance data is made available for reference, the company emphasizes that all automated crypto earnings are subject to market volatility and cannot be guaranteed.

    The platform currently serves users in over 100 countries. All contract activations and user registrations are completed online, without the need for software downloads or physical mining equipment.

    About ZA Miner

    ZA Miner is a cloud-based mining provider headquartered in Middlesex, United Kingdom. Operated by ZA Fundings Ltd under FCA oversight, the platform offers regulated access to automated crypto mining with a focus on system automation, renewable energy sourcing, and global accessibility.

    Media Contact:
    Anisah Fatema Sheikh
    ZA FUNDINGS LTD
    info@zaminer.com
    https://www.zaminer.com

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/01ffe0f0-ac9b-401c-91e4-efb4548d100b

    https://www.globenewswire.com/NewsRoom/AttachmentNg/c7109d9e-258d-4dad-870f-8668670a04ef

    The MIL Network –

    June 3, 2025
  • MIL-OSI: IFEX Capital Introduces Its Latest Version of a Groundbreaking Trading Platform Connecting Traders Globally

    Source: GlobeNewswire (MIL-OSI)

    PORT LOUIS, MAURITIUS, June 02, 2025 (GLOBE NEWSWIRE) — IFEX Capital recently introduced a major leap forward in trading technology, setting new standards for reliability and lightning-fast execution with its recent platform updates. IFEX Capital’s latest advancements aim to empower global traders with precision tools and seamless performance, reinforcing its commitment to innovation and user-focused design.

    Speed and reliability that can’t be beat

    Speed and dependability are very important in the fast-paced world of trading. IFEX Capital’s own WebTrader platform has an amazing execution speed of 0.04 seconds, which means that traders can take advantage of market opportunities right away. This lightning-fast performance is backed up by a strong infrastructure that keeps the platform stable, even when things are very unstable.

    Complete coverage of assets

    IFEX Capital gives users access to more than 250 CFD instruments in different asset classes, such as forex, cryptocurrencies, indices, commodities, metals, and stocks. This wide range lets traders spread their investments across different markets and find new opportunities. The platform has more than 45 forex pairs and more than 30 cryptocurrency CFDs, which is great for both traditional and new markets.

    A platform that is easy to use and has advanced features

    IFEX Capital’s WebTrader platform is easy to use and has customizable tools, so it’s great for both new and experienced traders. Traders can customize their trading environment, use one-click trading, and get real-time market data to help them make smart choices. The platform also lets users place different types of orders, such as market, pending, stop loss, take profit, and trailing stop orders. This gives users more options when it comes to executing trades.

    Different types of accounts to meet the needs of all traders

    IFEX Capital offers different types of accounts, such as Silver, Gold, Platinum, and VIP, because they know that each trader has different needs. Each account level has its own perks, like lower spreads, more leverage options, and personalized help. For example, the VIP account offers up to a 50% swap discount and access to exclusive market insights, making it perfect for professional traders who want more features.

    Following the rules and keeping things safe

    IFEX Capital follows strict rules set by the Financial Services Commission of Mauritius (License No. GB21026812) and is in good standing with them. To protect client money and personal information, the platform uses advanced security features like SSL encryption and negative balance protection. IFEX Capital also shows that it is committed to being open and honest by having clear fee structures and following Know-Your-Customer (KYC) and Anti-Money Laundering (AML) rules.

    Mobile Trading for Easy Access

    IFEX Capital knows how important it is to be flexible, so they have a mobile app that works on both iOS and Android devices. The app works just like the WebTrader platform, letting traders manage their accounts, make trades, and keep an eye on the markets in real time, all from their smartphones or tablets.

    Seamless and Fast Withdrawals

    At IFEX Capital, trading tools are just the start of our commitment to client convenience. The platform also provides an efficient withdrawal process so that the trader can have access to their funds when they want. Whether you’re locking in profits or reallocating capital, IFEX Capital’s efficient withdrawal process reflects its commitment to transparency and user-first service. With no unnecessary delays, traders will have full control of their money and can trade the financial markets with ease.

    Help and resources for learning

    IFEX Capital is more than just a place to get trading tools; they also want to help and teach traders. The platform has a lot of tools to help traders improve their skills and stay up to date on what’s going on in the market. These include market analyses, tutorials, and webinars. Users can also get help with any questions or technical problems from a responsive customer service team.

    Be a part of the IFEX Capital Trading Community

    IFEX Capital is at the top of the trading industry because it uses cutting-edge technology, gives clients full access to the market, and is always focused on their success. IFEX Capital is a great place for traders who want a reliable and efficient platform.

    About IFEX Capital

    Zenith Origin Holding Ltd. runs IFEX Capital, which is one of the best online CFD trading platforms. The Financial Services Commission of Mauritius oversees it. The platform gives traders access to a wide range of financial instruments, advanced trading tools, and dedicated support, all in a safe and easy-to-use setting. Know more please contact Tel: +442086381348.

    Media Contact

    Brand: IFEX Capital

    Contact: Katerina Loizou, Marketing Manager

    Email: support@ifexcapital.net

    Website: https://www.ifexcapital.net/

    The MIL Network –

    June 3, 2025
  • MIL-OSI: Correction: Form 8.3 – Renewi Plc

    Source: GlobeNewswire (MIL-OSI)

    8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1.        KEY INFORMATION

    (a)   Full name of discloser: Rathbones Group Plc
    (b)   Owner or controller of interests and short positions disclosed, if different from 1(a):
            The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.
     
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree
    Renewi Plc
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure
    30/05/2025
    (f)   In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
            If it is a cash offer or possible cash offer, state “N/A”
    No

    2.        POSITIONS OF THE PERSON MAKING THE DISCLOSURE

    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.

    (a)      Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)

    Class of relevant security: £1 Ordinary Shares
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled: 1,240,445 1.53%    
    (2)   Cash-settled derivatives:        
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    1,240,445 1.53%    

    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    (b)      Rights to subscribe for new securities (including directors’ and other employee options)

    Class of relevant security in relation to which subscription right exists:  
    Details, including nature of the rights concerned and relevant percentages:  

    3.        DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE

    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    (a)        Purchases and sales

    Class of relevant security Purchase/sale Number of securities Price per unit
    £1 Ordinary Shares Sale 685 866.25p

    (b)        Cash-settled derivative transactions

    Class of relevant security Product description
    e.g. CFD
    Nature of dealing
    e.g. opening/closing a long/short position, increasing/reducing a long/short position
    Number of reference securities Price per unit
             

    (c)        Stock-settled derivative transactions (including options)

    (i)        Writing, selling, purchasing or varying

    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type
    e.g. American, European etc.
    Expiry date Option money paid/ received per unit
                   

    (ii)        Exercise

    Class of relevant security Product description
    e.g. call option
    Exercising/ exercised against Number of securities Exercise price per unit
             

    (d)        Other dealings (including subscribing for new securities)

    Class of relevant security Nature of dealing
    e.g. subscription, conversion
    Details Price per unit (if applicable)
           

    4.        OTHER INFORMATION

    (a)        Indemnity and other dealing arrangements

    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”
    None

    (b)        Agreements, arrangements or understandings relating to options or derivatives

    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i)   the voting rights of any relevant securities under any option; or
    (ii)   the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”
    None

    (c)        Attachments

    Is a Supplemental Form 8 (Open Positions) attached? No
    Date of disclosure: 02/06/2025
    Contact name: Chinwe Enyi – Compliance Department
    Telephone number: 0151 243 7053

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at.

    The MIL Network –

    June 3, 2025
  • MIL-OSI Global: Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women

    Source: The Conversation – Global Perspectives – By Adam Simpson, Senior Lecturer, International Studies, University of South Australia

    Poland’s presidential election runoff will be a bitter pill for pro-European Union democrats to swallow.

    The nationalist, Trumpian, historian Karol Nawrocki has narrowly defeated the liberal, pro-EU mayor of Warsaw, Rafał Trzaskowski, 50.89 to 49.11%.

    The Polish president has few executive powers, though the office holder is able to veto legislation. This means the consequences of a Nawrocki victory will be felt keenly, both in Poland and across Europe.

    With this power, Nawrocki, backed by the conservative Law and Justice party, will no doubt stymie the ability of Prime Minister Donald Tusk and his Civic Platform-led coalition to enact democratic political reforms.

    This legislative gridlock could well see Law and Justice return to government in the 2027 general elections, which would lock in the anti-democratic changes the party made during their last term in office from 2015–2023. This included eroding Poland’s judicial independence by effectively taking control of judicial appointments and the supreme court.

    Nawrocki’s win has given pro-Donald Trump, anti-liberal, anti-EU forces across the continent a shot in the arm. It’s bad news for the EU, Ukraine and women.

    A rising Poland

    For much of the post-second world war era, Poland has had limited European influence.

    This is no longer the case. Poland’s economy has boomed since it joined the EU in 2004. It spends almost 5% of its gross domestic product on defence, almost double what it spent in 2022 at the time of Russia’s full-scale invasion of Ukraine.

    Poland now has a bigger army than the United Kingdom, France and Germany. And living standards, adjusted for purchasing power, are about to eclipse Japan’s.

    Along with Brexit, these changes have resulted in the EU’s centre of gravity shifting eastwards towards Poland. As a rising military and economic power of 37 million people, what happens in Poland will help shape Europe’s future.

    Impacts on Ukraine

    Poland’s new position in Europe is most clearly demonstrated by its central role in the fight to defend Ukraine against Russia.

    This centrality was clearly demonstrated during the recent “Coalition of the Willing” summit in Kyiv, where Tusk joined the leaders of Europe’s major powers – France, Germany and the UK – to bolster support for Ukraine and its president, Volodymyr Zelensky.

    However, Poland’s unqualified support for Ukraine will now be at risk because Nawrocki has demonised Ukrainian refugees in his country and opposed Ukrainian integration into European-oriented bodies, such as the EU and NATO.

    Nawrocki was also backed during his campaign by the Trump administration. Kristi Noem, the US secretary of homeland security, said at the recent Conservative Political Action Conference in Poland:

    Donald Trump is a strong leader for us, but you have an opportunity to have just as strong of a leader in Karol if you make him the leader of this country.

    Trump also hosted Nawrocki in the Oval Office when he was merely a candidate for office. This was a significant deviation from standard US diplomatic protocol to stay out of foreign elections.

    Nawrocki has not been as pro-Russia as some other global, MAGA-style politicians, but this is largely due to Poland’s geography and its difficult history with Russia. It has been repeatedly invaded across its eastern plains by Russian or Soviet troops. And along with Ukraine, Poland shares borders with the Russian client state of Belarus and Russia itself in Kaliningrad, the heavily militarised enclave on the Baltic Sea.

    I experienced the proximity of these borders during fieldwork in Poland in 2023 when I travelled by car from Warsaw to Vilnius, the Lithuanian capital, via the Suwalki Gap.

    This is the strategically important, 100-kilometre-long border between Poland and Lithuania, which connects the Baltic states to the rest of NATO and the EU to the south. It’s seen as a potential flashpoint if Russia were ever to close the gap and isolate the Baltic states.

    Poland’s conservative nationalist politicians are therefore less Russia-friendly than those in Hungary or Slovakia. Nawrocki, for instance, does not support cutting off weapons to Ukraine.

    However, a Nawrocki presidency will still be more hostile to Ukraine and its interests. During the campaign, Nawrocki said Zelensky “treats Poland badly”, echoing the type of language used by Trump himself.

    Poland divided

    The high stakes in the election resulted in a record turnout of almost 73%.

    There was a stark choice in the election between Nawrocki and Trzaskowski.

    Trzaskowski supported the liberalisation of Poland’s harsh abortion laws – abortion was effectively banned in Poland under the Law and Justice government – and the introduction of civil partnerships for LGBTQ+ couples.

    Nawrocki opposed these changes and will likely veto any attempt to implement them.

    While the polls for the presidential runoff election had consistently shown a tight race, an Ipsos exit poll published during the vote count demonstrated the social divisions now facing the country.

    As in other recent global elections, women and those with higher formal education voted for the progressive candidate (Trzaskowski), while men and those with less formal education voted for the conservative (Nawrocki).

    After the surprise success of the liberal, pro-EU presidential candidate in the Romanian elections a fortnight ago, pro-EU forces were hoping for a similar result in Poland, as well.

    That, for now, is a pipe dream and liberals across the continent will now need to negotiate a difficult relationship with a right-wing, Trumpian leader in the new beating heart of Europe.

    Adam Simpson does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    – ref. Pro-Trump candidate wins Poland’s presidential election – a bad omen for the EU, Ukraine and women – https://theconversation.com/pro-trump-candidate-wins-polands-presidential-election-a-bad-omen-for-the-eu-ukraine-and-women-257617

    MIL OSI – Global Reports –

    June 3, 2025
  • MIL-OSI USA: LaLota Welcomes Oysterponds Shellfish of Orient to House Small Business Showcase

    Source: US Representative Nick LaLota (NY-01)

    Washington, D.C. — Rep. Nick LaLota (NY-1), a member of the House Small Business Committee, welcomed Oysterponds Shellfish Co., the largest oyster farm on Long Island, to the House Small Business Showcase on Tuesday, May 20, 2025.

    “Small businesses like Oysterponds Shellfish are the backbone of Long Island’s economy and a testament to the values that define our region. Aquaculture plays a vital role in preserving our maritime heritage, supporting good local jobs, and providing fresh, sustainable seafood to communities across the Northeast,” said LaLota. “Owners Phil Mastrangelo and Brian Tuthill exemplify the long hours, deep dedication, and personal sacrifice that small business owners invest in their craft, their customers, and their employees. I was proud to have them represent our district at the House Small Business Showcase. Oysterponds Shellfish is a powerful example of how local innovation and environmental stewardship can go hand-in-hand—strengthening our economy while protecting the Long Island Sound for future generations.”

    Background:

    The House Small Business Showcase provides Members of Congress with a platform to spotlight the entrepreneurial spirit and innovation of small businesses within their districts.

    Owned and operated by Phil Mastrangelo and Brian Tuthill, Oysterponds Shellfish is a family-owned business located in Orient, NY. The farm cultivates oysters using sustainable methods in the waters of Long Island’s East End. The company continues the local shellfishing tradition, supplying its oysters to local establishments, including the Halyard, North Fork Table & Inn, and Little Creek Oyster Farm & Market. The company also offers raw bar services for events and is committed to delivering fresh, high-quality oysters while honoring the maritime heritage of the East End.

    LaLota serves as Chairman of the House Small Business Subcommittee on Contracting and Infrastructure and as a member of the Subcommittee on Economic Growth, Tax, and Capital Access.

    ###

    MIL OSI USA News –

    June 3, 2025
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