Category: Commerce

  • MIL-OSI USA: CEO of an Iranian Engineering Company Arrested for Allegedly Shipping Sophisticated Electronics from the U.S. to Iran in Violation of U.S. Sanctions

    Source: US State of California

    An Iranian national and U.S. lawful permanent resident has been arrested on a four-count federal indictment charging him with unlawfully exporting electronics used in railway signaling and telecommunications systems from the United States to Iran, in violation the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR).

    Bahram Mohammad Ostovari, 66, a resident of Santa Monica and Tehran, Iran, was arrested Thursday afternoon upon his arrival at Los Angeles International Airport.

    Ostovari is charged with one count of conspiracy to violate the International Emergency Economic Powers Act and three counts of violating the IEEPA.

    According to the indictment unsealed today, Ostovari is the founder and CEO of a Tehran-based engineering company – identified in the indictment as “Company A” – that supplied signaling and communications systems to Iran and its government, including on projects for the Islamic Republic of Iran Railways. From at least May 2018 to July 2025, Ostovari and his co-conspirators obtained and shipped sophisticated computer processors, railway signaling equipment, and other electronics and electronic components to Company A in Iran. Many of these items were controlled under federal regulations, and their export to Iran without a license was prohibited.

    To perpetrate his illegal export scheme, Ostovari used two front companies he controlled in the UAE – MH-SYS FZCO and Match Systech FZE – as conduits. Ostovari directed co-conspirators at these front companies to acquire the electronics and electronic components for Company A. Ostovari and his co-conspirators intentionally concealed from electronics suppliers in the United States and elsewhere that the goods were destined for Iran, falsely stating that MH-SYS and Match Systech in the UAE were the end users when in fact the true end user was Company A in Iran. Ostovari then directed his co-conspirators to arrange to ship the goods from the UAE to Company A in Iran.

    After he became a lawful permanent resident of the United States in May 2020, Ostovari continued to export, sell, and supply electronics and electrical components to Company A in Iran.

    As alleged, Ostovari knew of the U.S. sanctions against Iran, mentioning them in emails to co-conspirators and directing one co-conspirator to provide false information to a federal export control officer regarding the end use of U.S.-origin goods they had shipped to Company A in Iran.

    The IEEPA and the ITSR impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism. The IEEPA and ITSR, among other things, prohibit the export, re-export, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services to Iran or the Government of Iran without first obtaining authorization from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

    At no time did Ostovari, his companies, or his co-conspirators apply for or obtain authorization from OFAC to export, sell or supply goods and technologies from the United States to Iran.

    If convicted, Ostovari faces a maximum penalty of 20 years in prison for each count.

    Homeland Security Investigations and the Department of Commerce’s Bureau of Industry and Security are investigating this case.

    Assistant U.S. Attorneys David C. Lachman and Colin S. Scott for the Central District of California are prosecuting the case, with valuable assistance from Trial Attorney Kathryn DeMarco of the National Security Division’s Counterintelligence and Export Control Section.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI USA: CEO of an Iranian Engineering Company Arrested for Allegedly Shipping Sophisticated Electronics from the U.S. to Iran in Violation of U.S. Sanctions

    Source: US State of California

    An Iranian national and U.S. lawful permanent resident has been arrested on a four-count federal indictment charging him with unlawfully exporting electronics used in railway signaling and telecommunications systems from the United States to Iran, in violation the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR).

    Bahram Mohammad Ostovari, 66, a resident of Santa Monica and Tehran, Iran, was arrested Thursday afternoon upon his arrival at Los Angeles International Airport.

    Ostovari is charged with one count of conspiracy to violate the International Emergency Economic Powers Act and three counts of violating the IEEPA.

    According to the indictment unsealed today, Ostovari is the founder and CEO of a Tehran-based engineering company – identified in the indictment as “Company A” – that supplied signaling and communications systems to Iran and its government, including on projects for the Islamic Republic of Iran Railways. From at least May 2018 to July 2025, Ostovari and his co-conspirators obtained and shipped sophisticated computer processors, railway signaling equipment, and other electronics and electronic components to Company A in Iran. Many of these items were controlled under federal regulations, and their export to Iran without a license was prohibited.

    To perpetrate his illegal export scheme, Ostovari used two front companies he controlled in the UAE – MH-SYS FZCO and Match Systech FZE – as conduits. Ostovari directed co-conspirators at these front companies to acquire the electronics and electronic components for Company A. Ostovari and his co-conspirators intentionally concealed from electronics suppliers in the United States and elsewhere that the goods were destined for Iran, falsely stating that MH-SYS and Match Systech in the UAE were the end users when in fact the true end user was Company A in Iran. Ostovari then directed his co-conspirators to arrange to ship the goods from the UAE to Company A in Iran.

    After he became a lawful permanent resident of the United States in May 2020, Ostovari continued to export, sell, and supply electronics and electrical components to Company A in Iran.

    As alleged, Ostovari knew of the U.S. sanctions against Iran, mentioning them in emails to co-conspirators and directing one co-conspirator to provide false information to a federal export control officer regarding the end use of U.S.-origin goods they had shipped to Company A in Iran.

    The IEEPA and the ITSR impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism. The IEEPA and ITSR, among other things, prohibit the export, re-export, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services to Iran or the Government of Iran without first obtaining authorization from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

    At no time did Ostovari, his companies, or his co-conspirators apply for or obtain authorization from OFAC to export, sell or supply goods and technologies from the United States to Iran.

    If convicted, Ostovari faces a maximum penalty of 20 years in prison for each count.

    Homeland Security Investigations and the Department of Commerce’s Bureau of Industry and Security are investigating this case.

    Assistant U.S. Attorneys David C. Lachman and Colin S. Scott for the Central District of California are prosecuting the case, with valuable assistance from Trial Attorney Kathryn DeMarco of the National Security Division’s Counterintelligence and Export Control Section.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI USA: CEO of an Iranian Engineering Company Arrested for Allegedly Shipping Sophisticated Electronics from the U.S. to Iran in Violation of U.S. Sanctions

    Source: US State of California

    An Iranian national and U.S. lawful permanent resident has been arrested on a four-count federal indictment charging him with unlawfully exporting electronics used in railway signaling and telecommunications systems from the United States to Iran, in violation the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR).

    Bahram Mohammad Ostovari, 66, a resident of Santa Monica and Tehran, Iran, was arrested Thursday afternoon upon his arrival at Los Angeles International Airport.

    Ostovari is charged with one count of conspiracy to violate the International Emergency Economic Powers Act and three counts of violating the IEEPA.

    According to the indictment unsealed today, Ostovari is the founder and CEO of a Tehran-based engineering company – identified in the indictment as “Company A” – that supplied signaling and communications systems to Iran and its government, including on projects for the Islamic Republic of Iran Railways. From at least May 2018 to July 2025, Ostovari and his co-conspirators obtained and shipped sophisticated computer processors, railway signaling equipment, and other electronics and electronic components to Company A in Iran. Many of these items were controlled under federal regulations, and their export to Iran without a license was prohibited.

    To perpetrate his illegal export scheme, Ostovari used two front companies he controlled in the UAE – MH-SYS FZCO and Match Systech FZE – as conduits. Ostovari directed co-conspirators at these front companies to acquire the electronics and electronic components for Company A. Ostovari and his co-conspirators intentionally concealed from electronics suppliers in the United States and elsewhere that the goods were destined for Iran, falsely stating that MH-SYS and Match Systech in the UAE were the end users when in fact the true end user was Company A in Iran. Ostovari then directed his co-conspirators to arrange to ship the goods from the UAE to Company A in Iran.

    After he became a lawful permanent resident of the United States in May 2020, Ostovari continued to export, sell, and supply electronics and electrical components to Company A in Iran.

    As alleged, Ostovari knew of the U.S. sanctions against Iran, mentioning them in emails to co-conspirators and directing one co-conspirator to provide false information to a federal export control officer regarding the end use of U.S.-origin goods they had shipped to Company A in Iran.

    The IEEPA and the ITSR impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism. The IEEPA and ITSR, among other things, prohibit the export, re-export, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services to Iran or the Government of Iran without first obtaining authorization from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

    At no time did Ostovari, his companies, or his co-conspirators apply for or obtain authorization from OFAC to export, sell or supply goods and technologies from the United States to Iran.

    If convicted, Ostovari faces a maximum penalty of 20 years in prison for each count.

    Homeland Security Investigations and the Department of Commerce’s Bureau of Industry and Security are investigating this case.

    Assistant U.S. Attorneys David C. Lachman and Colin S. Scott for the Central District of California are prosecuting the case, with valuable assistance from Trial Attorney Kathryn DeMarco of the National Security Division’s Counterintelligence and Export Control Section.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL OSI USA News

  • MIL-OSI Security: CEO of an Iranian Engineering Company Arrested for Allegedly Shipping Sophisticated Electronics from the U.S. to Iran in Violation of U.S. Sanctions

    Source: United States Attorneys General 11

    An Iranian national and U.S. lawful permanent resident has been arrested on a four-count federal indictment charging him with unlawfully exporting electronics used in railway signaling and telecommunications systems from the United States to Iran, in violation the International Emergency Economic Powers Act (IEEPA) and the Iranian Transactions and Sanctions Regulations (ITSR).

    Bahram Mohammad Ostovari, 66, a resident of Santa Monica and Tehran, Iran, was arrested Thursday afternoon upon his arrival at Los Angeles International Airport.

    Ostovari is charged with one count of conspiracy to violate the International Emergency Economic Powers Act and three counts of violating the IEEPA.

    According to the indictment unsealed today, Ostovari is the founder and CEO of a Tehran-based engineering company – identified in the indictment as “Company A” – that supplied signaling and communications systems to Iran and its government, including on projects for the Islamic Republic of Iran Railways. From at least May 2018 to July 2025, Ostovari and his co-conspirators obtained and shipped sophisticated computer processors, railway signaling equipment, and other electronics and electronic components to Company A in Iran. Many of these items were controlled under federal regulations, and their export to Iran without a license was prohibited.

    To perpetrate his illegal export scheme, Ostovari used two front companies he controlled in the UAE – MH-SYS FZCO and Match Systech FZE – as conduits. Ostovari directed co-conspirators at these front companies to acquire the electronics and electronic components for Company A. Ostovari and his co-conspirators intentionally concealed from electronics suppliers in the United States and elsewhere that the goods were destined for Iran, falsely stating that MH-SYS and Match Systech in the UAE were the end users when in fact the true end user was Company A in Iran. Ostovari then directed his co-conspirators to arrange to ship the goods from the UAE to Company A in Iran.

    After he became a lawful permanent resident of the United States in May 2020, Ostovari continued to export, sell, and supply electronics and electrical components to Company A in Iran.

    As alleged, Ostovari knew of the U.S. sanctions against Iran, mentioning them in emails to co-conspirators and directing one co-conspirator to provide false information to a federal export control officer regarding the end use of U.S.-origin goods they had shipped to Company A in Iran.

    The IEEPA and the ITSR impose controls and restrictions on transactions involving Iran based on the threats posed by Iran to the national security of the United States including, among others, its pursuit of nuclear weapons and sponsorship of terrorism. The IEEPA and ITSR, among other things, prohibit the export, re-export, sale, or supply, directly or indirectly, from the United States or by a United States person, wherever located, of any goods, technology, or services to Iran or the Government of Iran without first obtaining authorization from the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC).

    At no time did Ostovari, his companies, or his co-conspirators apply for or obtain authorization from OFAC to export, sell or supply goods and technologies from the United States to Iran.

    If convicted, Ostovari faces a maximum penalty of 20 years in prison for each count.

    Homeland Security Investigations and the Department of Commerce’s Bureau of Industry and Security are investigating this case.

    Assistant U.S. Attorneys David C. Lachman and Colin S. Scott for the Central District of California are prosecuting the case, with valuable assistance from Trial Attorney Kathryn DeMarco of the National Security Division’s Counterintelligence and Export Control Section.

    An indictment is merely an allegation. All defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI

  • MIL-OSI USA: Administrator Loeffler Joins President Trump to Offer Federal Support in Wake of Texas Disaster

    Source: United States Small Business Administration

    KERR COUNTY, TEXAS — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined President Donald J. Trump in Kerr County, Texas to offer federal disaster relief after storms devastated the region. Alongside Department of Homeland Security (DHS) Secretary Kristi Noem, Department of Housing and Urban Development (HUD) Secretary Scott Turner, Department of Agriculture (USDA) Secretary Brooke Rollins, and members of Congress, Loeffler met with local leaders and received updates from state emergency management officials.

    “The tragic loss of life in Texas Hill Country is truly heartbreaking – but the strength and the support of this community is clear,” said Administrator Loeffler. “Our commitment extends far beyond today’s visit, and this Administration is mobilizing every available resource to aid in recovery. As President Trump said, the full force of the federal government is behind Texas – including the SBA, where we are already offering disaster loans and on-the-ground support for residents and small businesses. Our prayers remain with the people of Texas, and we will continue to stand shoulder to shoulder with them on the road to recovery.”

    As the agency announced earlier this week, SBA disaster relief is now available for Texas small businesses, residents, and private nonprofit (PNP) organizations affected by severe storms, straight-line winds, and flooding in seven counties. The disaster declaration covers the primary Texas county of Kerr which is eligible for both physical disaster loans and Economic Injury Disaster Loans (EIDL) from the SBA. Small businesses and most PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Bandera, Edwards, Gillespie, Kendall, Kimble, and Real.

    Currently, the SBA has more than 70 staffers on the ground in Texas to assist with disaster recovery. The agency has also opened its first Business Recovery Center (BRC) in Kerr County, where individuals may come to receive hands-on assistance with disaster loan applications:

    SBA Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North Street

    Kerrville, TX 87028

    Monday-Friday: 9:00 AM – 6:00 PM CT

    Saturday: 9:00 AM – 1:00 PM CT

    Texans affected by the flooding are encouraged to visit www.sba.gov/texas-floods or call SBA’s customer service center at 1-800-659-2955 to learn more about available aid.

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Loeffler Joins President Trump to Offer Federal Support in Wake of Texas Disaster

    Source: United States Small Business Administration

    KERR COUNTY, TEXAS — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined President Donald J. Trump in Kerr County, Texas to offer federal disaster relief after storms devastated the region. Alongside Department of Homeland Security (DHS) Secretary Kristi Noem, Department of Housing and Urban Development (HUD) Secretary Scott Turner, Department of Agriculture (USDA) Secretary Brooke Rollins, and members of Congress, Loeffler met with local leaders and received updates from state emergency management officials.

    “The tragic loss of life in Texas Hill Country is truly heartbreaking – but the strength and the support of this community is clear,” said Administrator Loeffler. “Our commitment extends far beyond today’s visit, and this Administration is mobilizing every available resource to aid in recovery. As President Trump said, the full force of the federal government is behind Texas – including the SBA, where we are already offering disaster loans and on-the-ground support for residents and small businesses. Our prayers remain with the people of Texas, and we will continue to stand shoulder to shoulder with them on the road to recovery.”

    As the agency announced earlier this week, SBA disaster relief is now available for Texas small businesses, residents, and private nonprofit (PNP) organizations affected by severe storms, straight-line winds, and flooding in seven counties. The disaster declaration covers the primary Texas county of Kerr which is eligible for both physical disaster loans and Economic Injury Disaster Loans (EIDL) from the SBA. Small businesses and most PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Bandera, Edwards, Gillespie, Kendall, Kimble, and Real.

    Currently, the SBA has more than 70 staffers on the ground in Texas to assist with disaster recovery. The agency has also opened its first Business Recovery Center (BRC) in Kerr County, where individuals may come to receive hands-on assistance with disaster loan applications:

    SBA Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North Street

    Kerrville, TX 87028

    Monday-Friday: 9:00 AM – 6:00 PM CT

    Saturday: 9:00 AM – 1:00 PM CT

    Texans affected by the flooding are encouraged to visit www.sba.gov/texas-floods or call SBA’s customer service center at 1-800-659-2955 to learn more about available aid.

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Loeffler Joins President Trump to Offer Federal Support in Wake of Texas Disaster

    Source: United States Small Business Administration

    KERR COUNTY, TEXAS — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined President Donald J. Trump in Kerr County, Texas to offer federal disaster relief after storms devastated the region. Alongside Department of Homeland Security (DHS) Secretary Kristi Noem, Department of Housing and Urban Development (HUD) Secretary Scott Turner, Department of Agriculture (USDA) Secretary Brooke Rollins, and members of Congress, Loeffler met with local leaders and received updates from state emergency management officials.

    “The tragic loss of life in Texas Hill Country is truly heartbreaking – but the strength and the support of this community is clear,” said Administrator Loeffler. “Our commitment extends far beyond today’s visit, and this Administration is mobilizing every available resource to aid in recovery. As President Trump said, the full force of the federal government is behind Texas – including the SBA, where we are already offering disaster loans and on-the-ground support for residents and small businesses. Our prayers remain with the people of Texas, and we will continue to stand shoulder to shoulder with them on the road to recovery.”

    As the agency announced earlier this week, SBA disaster relief is now available for Texas small businesses, residents, and private nonprofit (PNP) organizations affected by severe storms, straight-line winds, and flooding in seven counties. The disaster declaration covers the primary Texas county of Kerr which is eligible for both physical disaster loans and Economic Injury Disaster Loans (EIDL) from the SBA. Small businesses and most PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Bandera, Edwards, Gillespie, Kendall, Kimble, and Real.

    Currently, the SBA has more than 70 staffers on the ground in Texas to assist with disaster recovery. The agency has also opened its first Business Recovery Center (BRC) in Kerr County, where individuals may come to receive hands-on assistance with disaster loan applications:

    SBA Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North Street

    Kerrville, TX 87028

    Monday-Friday: 9:00 AM – 6:00 PM CT

    Saturday: 9:00 AM – 1:00 PM CT

    Texans affected by the flooding are encouraged to visit www.sba.gov/texas-floods or call SBA’s customer service center at 1-800-659-2955 to learn more about available aid.

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Administrator Loeffler Joins President Trump to Offer Federal Support in Wake of Texas Disaster

    Source: United States Small Business Administration

    KERR COUNTY, TEXAS — Today, Kelly Loeffler, Administrator of the U.S. Small Business Administration (SBA), joined President Donald J. Trump in Kerr County, Texas to offer federal disaster relief after storms devastated the region. Alongside Department of Homeland Security (DHS) Secretary Kristi Noem, Department of Housing and Urban Development (HUD) Secretary Scott Turner, Department of Agriculture (USDA) Secretary Brooke Rollins, and members of Congress, Loeffler met with local leaders and received updates from state emergency management officials.

    “The tragic loss of life in Texas Hill Country is truly heartbreaking – but the strength and the support of this community is clear,” said Administrator Loeffler. “Our commitment extends far beyond today’s visit, and this Administration is mobilizing every available resource to aid in recovery. As President Trump said, the full force of the federal government is behind Texas – including the SBA, where we are already offering disaster loans and on-the-ground support for residents and small businesses. Our prayers remain with the people of Texas, and we will continue to stand shoulder to shoulder with them on the road to recovery.”

    As the agency announced earlier this week, SBA disaster relief is now available for Texas small businesses, residents, and private nonprofit (PNP) organizations affected by severe storms, straight-line winds, and flooding in seven counties. The disaster declaration covers the primary Texas county of Kerr which is eligible for both physical disaster loans and Economic Injury Disaster Loans (EIDL) from the SBA. Small businesses and most PNP organizations in the following adjacent counties are eligible to apply only for SBA EIDLs: Bandera, Edwards, Gillespie, Kendall, Kimble, and Real.

    Currently, the SBA has more than 70 staffers on the ground in Texas to assist with disaster recovery. The agency has also opened its first Business Recovery Center (BRC) in Kerr County, where individuals may come to receive hands-on assistance with disaster loan applications:

    SBA Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North Street

    Kerrville, TX 87028

    Monday-Friday: 9:00 AM – 6:00 PM CT

    Saturday: 9:00 AM – 1:00 PM CT

    Texans affected by the flooding are encouraged to visit www.sba.gov/texas-floods or call SBA’s customer service center at 1-800-659-2955 to learn more about available aid.

    # # #

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of entrepreneurship. As the leading voice for small businesses within the federal government, the SBA empowers job creators with the resources and support they need to start, grow, and expand their businesses or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI United Kingdom: Island Games come to Scotland

    Source: Scottish Government

    Games are part of a four-year pipeline of major events.

    The largest event ever hosted in Orkney begins today, as part of four years of international sport in Scotland which are expected to attract tens of thousands of visitors and provide a significant economic boost.

    Orkney is welcoming more than 1,600 athletes from 24 island groups for the 20th International Island Games, which run until 18 July. Orkney is the smallest island group to ever host the Games and competitors have come from as far afield as the Falklands, the Cayman Islands, Saaremaa in Estonia and Åland in Finland.

    It is the first of a series of high-profile sporting events being hosted in Scotland, which include this weekend’s Genesis Scottish Open, the 2026 Commonwealth Games, the 2027 Grand Départ of the Tour de France, the 2027 Open Championship and the 2028 UEFA European football championships.

    The Scottish Government invests in major events to maximise local and national economic benefits. At the end of 2024, it was revealed that the last Open Championship in Scotland added more than £300 million to the economy, highlighting the scale of opportunity for the next four years.

    Business Minister Richard Lochhead said:

    “The Orkney Island Games represent a significant opportunity to drive economic growth and build a lasting legacy for people and businesses in Orkney and beyond.

    “They also provide a taste of what is to come and illustrate our wider ambition to make sure every corner of Scotland benefits from the prestigious events we are increasingly able to attract.  

    “This is a team effort and the benefits go way beyond the events themselves. The global platform they provide enables us to highlight Scotland to tourists, businesses and potential inward investors across the world.”

    Background

    Information about the Orkney 2025 International Island Games is available online.

    MIL OSI United Kingdom

  • MIL-OSI: FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, July 11, 2025 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), a leading international operator of over 3,000 retail pawn stores in the U.S. and Latin America, today announced that it has reached a settlement with the Consumer Financial Protection Bureau (“CFPB”) regarding alleged violations of the Military Lending Act.

    Rick Wessel, CEO of FirstCash, stated, “We are pleased to have reached this agreement with the CFPB. While we disagree with the CFPB’s allegations regarding our military lending practices, we believe that agreeing to this settlement and putting this matter behind us is the best path forward for the Company. We remain committed to  best meeting the needs of our customers, including members of the military and their families, and to continue providing excellent service.”

    As part of the settlement, which remains subject to final court approval, FirstCash has agreed to offer a new pawn lending product for covered members of the U.S. military and their immediate families and dependents. Additionally, the Company will pay consumer redress in fees or principal returned to affected customers, which is estimated to be between $5 million and $7 million, and a $4 million fine to the CFPB victims relief fund. The financial impact of the settlement will be reflected in the Company’s GAAP financial results for the second quarter of 2025.

    About FirstCash

    FirstCash is a leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash’s more than 3,000 pawn stores in the U.S. and Latin America buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn segments in the U.S. and Latin America currently account for approximately 80% of annualized segment earnings, with the remainder provided by its wholly owned subsidiary, AFF, which provides lease-to-own and retail finance payment solutions for consumer goods and services.

    FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com and http://www.americanfirstfinance.com.

    For further information, please contact:
    Gar Jackson
    Global IR Group
    Phone: (817) 886-6998
    Email: gar@globalirgroup.com

    Doug Orr, Executive Vice President and Chief Financial Officer
    Phone: (817) 258-2650
    Email: investorrelations@firstcash.com
    Website: investors.firstcash.com

    The MIL Network

  • MIL-OSI: FirstCash Announces Settlement of CFPB Litigation Related to Military Lending Act

    Source: GlobeNewswire (MIL-OSI)

    FORT WORTH, Texas, July 11, 2025 (GLOBE NEWSWIRE) — FirstCash Holdings, Inc. (“FirstCash” or the “Company”) (Nasdaq: FCFS), a leading international operator of over 3,000 retail pawn stores in the U.S. and Latin America, today announced that it has reached a settlement with the Consumer Financial Protection Bureau (“CFPB”) regarding alleged violations of the Military Lending Act.

    Rick Wessel, CEO of FirstCash, stated, “We are pleased to have reached this agreement with the CFPB. While we disagree with the CFPB’s allegations regarding our military lending practices, we believe that agreeing to this settlement and putting this matter behind us is the best path forward for the Company. We remain committed to  best meeting the needs of our customers, including members of the military and their families, and to continue providing excellent service.”

    As part of the settlement, which remains subject to final court approval, FirstCash has agreed to offer a new pawn lending product for covered members of the U.S. military and their immediate families and dependents. Additionally, the Company will pay consumer redress in fees or principal returned to affected customers, which is estimated to be between $5 million and $7 million, and a $4 million fine to the CFPB victims relief fund. The financial impact of the settlement will be reflected in the Company’s GAAP financial results for the second quarter of 2025.

    About FirstCash

    FirstCash is a leading international operator of pawn stores focused on serving cash and credit-constrained consumers. FirstCash’s more than 3,000 pawn stores in the U.S. and Latin America buy and sell a wide variety of jewelry, electronics, tools, appliances, sporting goods, musical instruments and other merchandise, and make small non-recourse pawn loans secured by pledged personal property. FirstCash’s pawn segments in the U.S. and Latin America currently account for approximately 80% of annualized segment earnings, with the remainder provided by its wholly owned subsidiary, AFF, which provides lease-to-own and retail finance payment solutions for consumer goods and services.

    FirstCash is a component company in both the Standard & Poor’s MidCap 400 Index® and the Russell 2000 Index®. FirstCash’s common stock (ticker symbol “FCFS”) is traded on the Nasdaq, the creator of the world’s first electronic stock market. For additional information regarding FirstCash and the services it provides, visit FirstCash’s websites located at http://www.firstcash.com and http://www.americanfirstfinance.com.

    For further information, please contact:
    Gar Jackson
    Global IR Group
    Phone: (817) 886-6998
    Email: gar@globalirgroup.com

    Doug Orr, Executive Vice President and Chief Financial Officer
    Phone: (817) 258-2650
    Email: investorrelations@firstcash.com
    Website: investors.firstcash.com

    The MIL Network

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Frost and Freeze

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by frost and freeze occurring on Jan. 15-March 21, 2024.  

    The disaster declaration covers the Michigan counties of Berrien, Cass, Van Buren as well as Indiana counties of LaPorte and St. Joseph.  

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is Aug. 11, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Drought and Excessive Heat

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by drought and excessive heat occurring July 28, 2024.

    The disaster declaration covers the Michigan counties of Alcona, Alpena, Cheboygan, Crawford, Iosco, Montmorency, Ogemaw, Osconda, Otsego and Presque Isle.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is Aug 11, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI United Nations: New Permanent Representative of Grenada Presents Credentials

    Source: United Nations General Assembly and Security Council

    The new Permanent Representative of Grenada to the United Nations, Ingrid Jackson, presented her credentials to UN Secretary-General António Guterres today.

    (As provided by the Protocol and Liaison Service)

    PROFILE

    Diverse and multifaceted individual, possessing a unique blend of expertise in both the private sector and public service, and leveraging my experience to effectively navigate complex socio- economic, cultural, and political landscapes

    EXPERIENCE

    Kingdom Homes
    CEO
    2019 – PRESENT
    •     Developed and implemented effective business strategies to drive revenue growth, optimize operational efficiency, and enhance customer satisfaction. • Conducted market research and analysis to identify new business opportunities and drive marketing initiatives.

    RESNET
    Director, Finance
    2016 -2019
    •     Developed and implemented financial strategies to drive profitability, cost control, and efficient resource allocation. • Implemented internal controls and compliance measures to ensure accurate financial reporting and adherence to regulatory requirements.

    EJIS LLC
    Managing Director
    2013 -2016
    •     Collaborated with cross-functional teams to develop and execute strategic initiatives, aligning financial objectives with organizational goals. • Built and maintained strong relationships with clients, vendors, and partners to foster business development and strategic alliances.

    Government of Grenada
    Ambassador for Diaspora Affairs
    2012 -2013
    •     Engaged with the diaspora community to promote cultural ties, economic connections, and political cooperation. • Organized events and initiatives to strengthen national identity among expatriates and encourage their participation in the host country’s civic and economic activities during Homecoming 2012.

    Attache to the OAS
    2008 -2011
    •     Represented the interests of Grenada in foreign affairs and facilitated diplomatic relations with hemispheric nations • Engaged in diplomatic negotiations, including mediating conflicts and facilitating agreements. • Fostered cross-cultural understanding and public diplomacy initiatives

    SKILLS

    •     Strategic Planning
    •     Critical Thinking
    •     Solutions Provision
    •     Project management
    •     Integrated technologies

    EDUCATION

    2010 -2013  Walden University
    PhD Public Policy & Administration, ABD
    Concentration: Public Administration & Leadership (GPA:4.0)

    2007 – 2009 Andrews University
    MBA

    2003 – 2006 Andrews University
    BSc Business Education Graduated Summa Cum Laude

    PROFESSIONAL TRAINING & MEMBERSHIP

    Covenant University 2024
    African Leadership Development Center
    Professional Leadership Diploma

    The National Association of Women in Construction

    National Association of Realtors

    SERVICE

    2024 – Present Interim Chair, Dorcas Foundation

    2023 – Present Minister, Winners Chapel Intl. GND

    MIL OSI United Nations News

  • MIL-OSI Security: Former Banker Arrested for Allegedly Obtaining $2.7 Million in COVID Business-Relief Funds Using Stolen IDs of Disabled Persons

    Source: US FBI

    LOS ANGELES – A former Wells Fargo & Co. banker and his brother have been arrested on an eight-count federal grand jury indictment alleging they schemed to fraudulently obtain more than $2.7 million in taxpayer-funded COVID-19 relief funds and federally-guaranteed small business loans, including by submitting applications using the stolen identities of developmentally disabled persons who lived in long-term care facilities, the Justice Department announced today. 

    Norayr Madadi, 40, of Burbank, and Vazrik Madadi, 44, of Glendale, were arrested Wednesday morning.

    Both men are charged with one count of conspiracy to commit wire fraud, two counts of wire fraud, and three counts of money laundering. Norayr Madadi is separately charged with one count of aggravated identity theft and one count of making a false statement to a government agent.

    They pleaded not guilty at their arraignment Wednesday afternoon in United States District Court in Los Angeles. A federal magistrate judge ordered Norayr Madadi released on $25,000 bond, ordered Vazrik Madadi released on $50,000 bond, and scheduled a September 2 trial date.

    According to the indictment returned on June 17 and unsealed Wednesday, Norayr Madadi was a banker at Wells Fargo and opened fraudulent accounts in the names of shell companies and persons including using stolen and fictious identities.

    From March 2020 through April 2021, the defendants obtained millions in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan Program (EIDL) loans by submitting loan applications with false statements about revenues, operations, and employees. The defendants used fake and stolen identities to further the fraudulent scheme, including the stolen identities of two victims who are developmentally disabled and live in long-term care facilities.

    The Small Business Administration (SBA) and PPP participating lenders disbursed the loans into bank accounts controlled by the defendants, including the Wells Fargo bank accounts opened by Norayr Madadi. The Madadi brothers allegedly spent the loan proceeds at casinos, paying for luxury cars and jewelry, and cash withdrawals.

    Law enforcement believes the losses caused by this scheme are approximately $2.7 million.

    An indictment contains allegations that a defendant has committed a crime. Every defendant is presumed to be innocent until and unless proven guilty in court.

    If convicted, each defendant would face a statutory maximum sentence of 20 in federal prison for each wire fraud-related count and up to 10 years in federal prison for each money laundering count. Norayr Madadi would face up to five years in federal prison if convicted of the false statements count and would face a mandatory two-year consecutive prison term if convicted of the aggravated identity theft count.

    The FBI is investigating this matter. 

    Assistant United States Attorney Jason Pang of the General Crimes Section is prosecuting this case, with substantial assistance from Assistant United States Attorney Ryan Waters of the Asset Forfeiture and Recovery Section.

    Anyone with information about allegations of attempted fraud involving COVID-19 can report it by calling the Department of Justice’s National Center for Disaster Fraud (NCDF) Hotline at (866) 720-5721 or via the NCDF Web Complaint Form at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI

  • MIL-OSI USA: SBA Relief Still Available to Michigan Small Businesses and Private Nonprofits Affected by Excessive Rain and Flash Flooding

    Source: United States Small Business Administration

    ATLANTA – The U.S. Small Business Administration (SBA) is reminding small businesses and private nonprofit (PNP) organizations in Michigan of the Aug. 11 deadline to apply for low interest federal disaster loans to offset economic losses caused by excessive rain and flash flooding occurring on July 9-10, 2024.  

    The disaster declaration covers the Michigan counties of Genesee, Lapeer, Macomb, Oakland, Sanilac, St. Clair and Tuscola.

    Under this declaration SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries and PNPs with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the small business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”  

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.25% for PNPs, with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The deadline to return economic injury applications is Aug. 11, 2025.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow or expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov. 

    MIL OSI USA News

  • MIL-OSI USA: Alongside Renters Rights Groups, Rep. Maxwell Frost Announces Two Bills to Empower Working Renters

    Source: United States House of Representatives – Representative Maxwell Frost Florida (10th District)

    July 11, 2025

    Frost’s End Junk Fees for Renters Act and End Tenant Credit Screening Act Work to Breakdown Hurdles for Renters

    Watch the Press Conference Here

    ORLANDO, FL — As Florida and the country grapple with rising costs, a worsening economy, and a housing crisis, today Congressman Maxwell Alejandro Frost (FL-10) announced he was introducing two bills to empower working-class renters and dismantle the hurdles that have made it harder for too many to have a roof over their head.

    Frost’s End Junk Fees for Renters Act and End Tenant Credit Screening Act would crack down on the excessive and dishonest junk fees that millions of renters are charged when applying and every month thereafter by money-hungry landlords while also removing a major obstacle renters face when applying for housing by prohibiting landlords from using credit scores and consumer reports when screening potential tenants.

    Frost’s bills come as Florida and the U.S. face a housing affordability crisis that continues to squeeze working people and renters, too often forcing people to slip into homelessness at a time when cities are criminalizing folks who cannot afford to keep a roof over their heads.

    Frost, who was joined by local elected leaders, including State Rep. Anna Eskamani, and housing organizations and advocates, recently posted on the Orlando community Reddit page where he received hundreds of comments and dozens of stories from local folks who have been victimized by excessive and hidden fees from landlords or have been outright denied housing because of their credit scores. 

    “At a time when many people in Central Florida and across the country are struggling to make ends meet, we must remove the obstacles that prevent them from keeping a roof over their heads. Hidden fees and discriminatory credit screenings are major challenges for renters,” said Rep. Maxwell Frost. “These bills will help create a fairer, more equitable, and transparent rental market. If we want a future where everyone has access to stable, secure housing, then we must end junk fees. We must end discriminatory credit screenings. We must make housing a right, not a luxury. We’ve got a lot of work left to do for renters and to address the housing crisis, but these bills are an important first step to offer immediate relief.”

    The End Junk Fees for Renters Act is endorsed by the National Housing Law Project, National Low Income Housing Coalition, National Homelessness Law Center, National Alliance to End Homelessness, and National Consumer Law Center (on behalf of its low-income clients). The End Tenant Credit Screening Act is endorsed by the National Consumer Law Center (on behalf of its low-income clients).

    “Credit scores were never intended to gauge whether someone will be a good tenant. They’re designed to predict whether someone will be late paying a loan, not rent, which is a much higher-priority bill than a credit card. Given the current rental housing crisis, this practice makes a bad situation even worse. We applaud Congressman Frost for introducing a bill to put a stop to this unfair practice,” stated Chi Chi Wu, Director of Consumer Reporting and Data Advocacy at the National Consumer Law Center.

     

    ###

    MIL OSI USA News

  • MIL-OSI USA: Rep. Hoyle Joins Oregon Delegation to Urge Release of Critical Fishery Disaster Funding

    Source: US Representative Val Hoyle (OR-04)

    July 11, 2025

    Lawmakers press the Trump Administration to act quickly to unlock $7 million intended to help Oregon’s ocean commercial fishermen recover from significant economic losses from declining salmon populations

    For Immediate Release: July 11, 2025 

    EUGENE, OR – Oregon’s U.S. Representative Val Hoyle (OR-04), alongside U.S. Senators Ron Wyden and Jeff Merkley and Reps. Suzanne Bonamici (OR-01), Andrea Salinas (OR-06), Maxine Dexter (OR-03), and Janelle Bynum (OR-05) pressed the Trump Administration to release the $7,050,722 that was allocated to Oregon for the catastrophic regional fishery disaster that was declared for the Oregon Chinook salmon commercial ocean fisheries in the state for 2018, 2019, and 2020.

    The Pacific States Marine Fisheries Commission (PSMFC) resubmitted their spending plan for funds allocated by the U.S. Department of Commerce in October 2024, but their final revised application has gone without a response from the Trump Administration for the last several months, delaying much needed funding for Oregon’s fishermen.

    The Oregon lawmakers are urging Office of Management and Budget Director Russell Vought to promptly review and act upon the PSMFC’s application without further delay to help the state’s ocean commercial fishermen and coastal economies recover from the significant toll of declining salmon populations.

    “Oregon salmon and salmon fisheries are an invaluable cultural, economic, and ecological resource in our state. Salmon are highly valued by Native American tribes in the Pacific Northwest for cultural, subsistence, and economic benefits,” wrote the lawmakers.

    The impact salmon loss has on Oregon’s economy cannot be understated, as the state’s commercial fishing industry generates more than $640 million in economic activity each year, equivalent to 9,200 jobs.

    The lawmakers pressed this fact to Director Vought: “Additionally, the commercial salmon industry is a significant economic driver for rural communities on the Oregon Coast, generating millions of dollars in economic output. Sadly, our salmon fisheries have faced significant obstacles over the last decade which have resulted in significant fishery declines.”

    As the Oregon delegation continues to hear from concerned constituents in Oregon’s coastal communities and fisheries, they are requesting Director Vought provide responses to the following questions by August 1, 2025:

    1. Does the Office of Management and Budget require additional information to process the application submitted by the PSMFC?

    2. Will the Office of Management and Budget commit to promptly reviewing the application resubmitted by PSMFC in a timely manner and to apportion and obligate funding to the designated amount of $7,050,722 for the declared disaster?

    “We look forward to a timely disbursal of these critical funds to assist Oregon’s commercial salmon industry and await your response,” the lawmakers closed.

    Full text of the Oregon delegation’s letter can be found HERE.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Senator Collins Welcomes Islesboro Native as a Summer Intern in Her Washington Office

    US Senate News:

    Source: United States Senator for Maine Susan Collins
    Published: July 11, 2025

    Click HERE for a high-resolution photo
    Washington, D.C.  – U.S. Senator Susan Collins announced that Charles Jagger, an Islesboro native, has been awarded a summer internship in her Washington office.  Charles is a graduate of Islesboro Central School.
    “Charles is a dedicated student whose strong academic background makes him well-suited for this role serving the people of Maine,” said Senator Collins. “I am glad to welcome him to my Washington office to assist my staff with important legislative work.”
    Charles is a rising senior at Wheaton College in Massachusetts, where he is majoring in Finance. On campus, he is co-president of the Investment and Business networking clubs. Upon graduation, Charles plans to work in the finance sector or fiscal policy industry.
    Maine students who are interested in applying for future sessions of the internship program can do so through Senator Collins’ website at: https://www.collins.senate.gov/services/students.

    MIL OSI USA News

  • MIL-OSI Security: Federal Grand Jury in Chicago Indicts Three Individuals for Alleged Covid-Relief Fraud

    Source: United States Department of Justice (National Center for Disaster Fraud)

    CHICAGO – A federal grand jury in Chicago has indicted three individuals for allegedly fraudulently obtaining more than $2 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

    TANIKA ECHOLS, ANTONIO ECHOLS, and TAMIA THOMPSON DAVIS engaged in fraud related to the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan Program (EIDL)–two sources of relief under the CARES Act, according to an indictment returned in the Northern District of Illinois.  The indictment charges Tanika Echols, 45, of Austin, Texas, and formerly of South Holland, Ill., with 13 counts of wire fraud and seven counts of money laundering. Antonio Echols, 50, of Austin, Texas, and formerly of South Holland, Ill., who is Tanika Echols’s husband, is charged with three counts of wire fraud, while Davis, 27, of Austin, Texas, who is Tanika Echols’s daughter, is charged with four counts of wire fraud.

    The indictment alleges that the defendants defrauded lenders of approximately $1.7 million in PPP loans and defrauded the SBA of approximately $307,000 in EIDL funds.  Much of the money was used for the defendants’ personal benefit, including the purchase of mink coats from Andriana Furs in Chicago, the indictment states.

    The defendants pleaded not guilty to the charges during their arraignments last week before U.S. Magistrate Judge Jeffrey T. Gilbert.  A status hearing was scheduled for Aug. 13, 2025, at 9:00 a.m., before U.S. District Judge Thomas M. Durkin.

    The indictment was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, Basil Demczak, Special Agent-in-Charge of the Central Region of Amtrak’s Office of Inspector General, and Mark Reeves, Special Agent-in-Charge of the U.S. Railroad Retirement Board’s Office of Inspector General.  The government is represented by Assistant U.S. Attorney Elie Zenner.

    Pursuant to the CARES Act, a PPP loan allowed the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll, rent, and utilities, while the EIDL program provided loan assistance or grants to cover working capital and other operating expenses.

    According to the indictment, the defendants from 2020 to 2022 submitted more than 100 fraudulent applications to lenders, loan service providers, and the Small Business Administration, on behalf of themselves, seven other individuals, and two businesses owned by Tanika Echols and Antonio Echols.  The applications and supporting documents contained materially false statements and misrepresentations about the defendants’ companies, including the number of purported employees, revenue and payroll amounts, and other expenses, the indictment states.

    The public is reminded that an indictment contains only charges and is not evidence of guilt.  The defendants are presumed innocent until proven guilty beyond a reasonable doubt.  Each wire fraud charge is punishable by up to 20 years in federal prison, while the maximum penalty for each count of money laundering is ten years.  If convicted, the Court must impose reasonable sentences under federal statutes and the advisory U.S. Sentencing Guidelines.

    Anyone with information about attempted fraud involving Covid-19 is encouraged to report it to the Department of Justice by calling the National Center for Disaster Fraud Hotline at 866-720-5721 or filing an online complaint at https://www.justice.gov/disaster-fraud/ncdf-disaster-complaint-form.

    MIL Security OSI

  • MIL-OSI USA: SBA Opens Business Recovery Center in Kerrville to Help Businesses Impacted by July Storms and Flooding

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced today the opening of an SBA Business Recovery Center (BRC) in Kerr County to assist small businesses, private nonprofit (PNP) organizations and residents affected by severe storms, straight-line winds and flooding beginning July 2.

    Beginning Friday, July 11, SBA customer service representatives will be on hand at the Business Recovery Center in Kerrville to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

    The center’s hours of operation are as follows:

    KERR COUNTY

    Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North St.

    Kerrville, TX  78028

    Opens at 11 a.m. Friday, July 11

    Mondays – Fridays, 9 a.m. – 6 p.m.

    Saturdays, 9 a.m. – 1 p.m.

    “SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face‑to‑face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.”

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations impacted by financial losses directly related to these disasters. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    SBA representatives will also provide help to business owners and residents at disaster recovery centers when they are opened in the impacted area.

    Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.813% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is Sept. 4, 2025. The deadline to return economic injury applications is April 6, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Opens Business Recovery Center in Kerrville to Help Businesses Impacted by July Storms and Flooding

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced today the opening of an SBA Business Recovery Center (BRC) in Kerr County to assist small businesses, private nonprofit (PNP) organizations and residents affected by severe storms, straight-line winds and flooding beginning July 2.

    Beginning Friday, July 11, SBA customer service representatives will be on hand at the Business Recovery Center in Kerrville to answer questions and assist with the disaster loan application process. No appointment is necessary, walk-ins are welcome. Those who prefer to schedule an in-person appointment in advance can do so at appointment.sba.gov.

    The center’s hours of operation are as follows:

    KERR COUNTY

    Business Recovery Center

    The YES Center at First Presbyterian Church

    823 North St.

    Kerrville, TX  78028

    Opens at 11 a.m. Friday, July 11

    Mondays – Fridays, 9 a.m. – 6 p.m.

    Saturdays, 9 a.m. – 1 p.m.

    “SBA’s Business Recovery Centers have consistently proven their value to business owners following a disaster,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “Business owners can visit these centers to meet face‑to‑face with specialists who will guide them through the disaster loan application process and connect them with resources to support their recovery.”

    Businesses and nonprofits are eligible to apply for business physical disaster loans and may borrow up to $2 million to repair or replace disaster-damaged or destroyed real estate, machinery and equipment, inventory, and other business assets.

    The SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and private nonprofit organizations impacted by financial losses directly related to these disasters. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable, and other bills not paid due to the disaster.

    Homeowners and renters are eligible to apply for home and personal property loans and may borrow up to $100,000 to replace or repair personal property, such as clothing, furniture, cars, and appliances. Homeowners may apply for up to $500,000 to replace or repair their primary residence.

    SBA representatives will also provide help to business owners and residents at disaster recovery centers when they are opened in the impacted area.

    Interest rates are as low as 4% for small businesses, 3.625% for nonprofits, and 2.813% for homeowners and renters with terms up to 30 years. Interest does not begin to accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA determines eligibility and sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    The filing deadline to return applications for physical property damage is Sept. 4, 2025. The deadline to return economic injury applications is April 6, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom restructures state government to combat homelessness, boost housing and affordability

    Source: US State of California 2

    Jul 11, 2025

    What you need to know: As part of California’s strategy to combat homelessness and expand housing, Governor Gavin Newsom is reorganizing state agencies to institutionalize housing, homelessness, and affordability as long-term priorities. The reorganization creates a new California Housing and Homelessness Agency and a separate Business and Consumer Services Agency to enhance focus and accountability across these critical areas.

    SACRAMENTO – Building on the Administration’s efforts to reverse decades of inaction on housing and homelessness, Governor Gavin Newsom today announced the reorganization proposal went into effect last week, authorizing the state to move forward and create the California Housing and Homelessness Agency and the Business and Consumer Services Agency. As a result, the state will move forward with the formation of the two new agencies to institutionalize these policy priorities for years to come: The California Housing and Homelessness Agency (CHHA) focused on housing, homelessness, and civil rights, and the Business and Consumer Services Agency (BCSA) is dedicated to business regulation and consumer protection.  

    “Housing and homelessness are complex and multifaceted issues — deserving of full and prioritized attention — something we have established within this administration. I am grateful that the legislature recognized the need for a new standalone agency dedicated to addressing these vexing issues that continue to face our state and nation, so that these issues will never fall into the shadows again. We have a moral imperative to continue this work and to ensure every Californian has a safe place to call home.”

    Governor Gavin Newsom

    Since taking office in 2019, Governor Newsom has created unprecedented policy and structural changes in state government to help California better address its housing and homelessness crises, including additional and unprecedented support for local governments, stronger accountability and enforcement, transformational changes to mental health services, and groundbreaking reforms — including a recently signed housing and infrastructure package that delivers foundational reforms to break down systemic barriers and help ensure California can meet the housing needs of current and future generations. These changes have helped connect hundreds of thousands of people at risk of or experiencing homelessness with vital supports.

    Today’s announcement continues the administration’s ongoing work to increase housing, reduce homelessness, and improve affordability. Establishing a standalone agency provides the alignment needed to speed up the construction and financing of housing under California’s affordable housing programs. This approach aims to reduce, prevent, and ultimately end homelessness, while safeguarding civil rights and reinforcing California’s leadership in consumer protections. The new structure will also create a new housing continuum system to better align housing programs and financing and provide a more streamlined process with an all-of-government approach.

    Creating long-term solutions

    By creating a dedicated housing agency and streamlining consumer oversight, the Newsom Administration is ensuring California remains focused on long-term, scalable solutions that serve current and future generations.

    “This bold plan shows we are being more aggressive in prioritizing change for the better,” said Tomiquia Moss, Secretary of the Business, Consumer Services, and Housing Agency. “This will enable us to better reach our goal of 2.5 million new homes by 2030, with one million of them being affordable housing. I’m extremely pleased the Governor is cementing his legacy by taking the Administration’s accomplishments to the next level, providing the structure to make lasting and sustainable change.”

    The California Housing and Homelessness Agency (CHHA) will concentrate on coordinating efforts across government to tackle housing and homelessness challenges, as well as protecting Californians’ civil rights. In this all-of-government approach, CHHA will utilize resources and expertise within government to address these important issues. It includes the following departments:

    • The Housing Development and Finance Committee (HDFC)
    • Department of Housing and Community Development (HCD) 
    • California Interagency Council on Homelessness (Cal ICH) 
    • California Housing Finance Agency (CalHFA)
    • Civil Rights Department (CRD) 

    The Business and Consumer Services Agency (BCSA) will strengthen the state’s ability to protect consumers by providing focused leadership and oversight across a wide range of industries, such as occupational licensing, alcohol regulation, cannabis regulation, and financial protection, fostering a proactive approach to addressing emerging risks and needs. It includes the following departments:

    • Department of Alcoholic Beverage Control (ABC) 
    • Alcoholic Beverage Control Appeals Board (ABC AB) 
    • Department of Cannabis Control (DCC) 
    • Cannabis Control Appeals Panel (CCAP) 
    • California Horse Racing Board (CHRB) 
    • Department of Consumer Affairs (DCA) 
    • Department of Real Estate (DRE) 
    • Department of Financial Protection and Innovation (DFPI) 

    The new California Housing and Homelessness Agency and the Business Consumer Services Agency will become effective July 1, 2026, at which time the current Business Consumer Services and Housing Agency will be dissolved. 

    Reversing decades of inaction

    The Newsom administration is making significant progress in reversing decades of inaction on homelessness. Between 2014 and 2019—before Governor Newsom took office—unsheltered homelessness in California rose by approximately 37,000 people. Since then, under this Administration, California has significantly slowed that growth, even as many other states have seen worsening trends

    In 2024, while homelessness increased nationally by over 18%, California limited its overall increase to just 3%—a lower rate than in 40 other states. The state also held the growth of unsheltered homelessness to just 0.45%, compared to a national increase of nearly 7%. States like Florida, Texas, New York, and Illinois saw larger increases both in percentage and absolute numbers. California also achieved the nation’s largest reduction in veteran homelessness and made meaningful progress in reducing youth homelessness.

    Recent news

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    MIL OSI USA News

  • MIL-OSI USA: S. 306, Fire Ready Nation Act of 2025

    Source: US Congressional Budget Office

    S. 306 would authorize the appropriation of specific amounts for each fiscal years from 2026 through 2030 for the National Oceanic and Atmospheric Administration (NOAA) to establish a fire weather services program to support wildfire forecasting, responsiveness, and local collaborations.

    Under the bill, NOAA would be required to:

    • Develop modeling and data systems for fire weather predictions,
    • Maintain a public website to promote the program’s services and data,
    • Award grants to non-federal entities for program development,
    • Conduct pilot projects and research on unmanned systems for fire weather observations,
    • Establish an Incident Meteorologist Service within the National Weather Service, and
    • Report to the Congress on the program’s implementation.

    The costs of the legislation, detailed in Table 1, fall within budget function 300 (natural resources and environment).

    Table 1.

    Estimated Increases in Spending Subject to Appropriation Under S. 306

     

    By Fiscal Year, Millions of Dollars

     
     

    2025

    2026

    2027

    2028

    2029

    2030

    2025-2030

    Authorization

    0

    15

    20

    27

    36

    50

    148

    Estimated Outlays

    0

    4

    12

    18

    26

    35

    95

    Enacting the bill would increase direct spending by less than $500,000 over the 2025-2035 period.

    CBO assumes that the bill will be enacted in 2025 and that the authorized amounts will be provided in each year. Based on historical spending patterns, CBO estimates that implementing the bill would cost $95 million over the 2025-2030 period and $51 million after 2030.

    The bill also would authorize additional premium pay in calendar year 2025 for Department of Commerce employees involved in emergency wildfire suppression and whose earnings, including premium pay, exceed a specified threshold. Under current law, employees can earn premium pay only to the extent that their combined base and premium pay does not exceed the greater of the GS-15 maximum or Executive Schedule Level V salary level. Because the additional pay would apply to work already completed, that spending is treated as direct spending. Using information from the Forest Service, CBO estimates that enacting S. 306 would increase direct spending by less than $500,000 over the 2025-2030 period.

    The CBO staff contact for this estimate is Kelly Durand. The estimate was reviewed by H. Samuel Papenfuss, Deputy Director of Budget Analysis.

    Phillip L. Swagel

    Director, Congressional Budget Office

    MIL OSI USA News

  • MIL-OSI Banking: BSTDB Forum “Armenia – Accelerating Regional Success” Held in Yerevan

    Source: Black Sea Trade and Development Bank

    Event | 10-Jul-2025

    Advancing Regional Integration and Economic Resilience through High-Level Dialogue

    Regional cooperation and economic resilience took center stage in Yerevan as the Black Sea Trade and Development Bank (BSTDB) hosted the high-level Business Forum “Armenia – Accelerating Regional Success” under the High Patronage of the President of the Republic of Armenia, H.E. Mr. Vahagn Khachaturyan.

    Bringing together senior government officials, business leaders, and international financial institutions, the Forum offered a platform to explore how targeted investment, cross-border collaboration, and multilateral partnerships can strengthen the growth prospects of smaller economies in the Black Sea Region.

    Held in the margins of BSTDB’s Annual Meeting, the Forum opened with a welcome address by Ambassador-at-Large Artur Javadyan, Chairman of the Board of the Centre for Economic Perspectives Foundation and BSTDB Govenor for Armenia. In his inaugural remarks, President Vahagn Khachaturyan emphasized Armenia’s commitment to inclusive and sustainable development, positioning the country as a vital player in advancing regional cooperation. Dr. Serhat Köksal, President of BSTDB, followed with an opening statement highlighting the Bank’s growing footprint in Armenia and its role in unlocking economic potential across the region.

    The first panel discussion, titled “Supporting Resilience: International Synergies for Smaller Economies,” was moderated by Panayotis Gavras, Director for Policy and Strategy at BSTDB. The conversation brought together Martin Galstyan, Governor of the Central Bank of Armenia, and Avag Avanesyan, Deputy Minister of Finance of Armenia, who shared insights into the country’s financial landscape and policy priorities. They were joined by Ambassador Lazar Comanescu, Secretary General of the Organization of the Black Sea Economic Cooperation, who spoke on the role of regional institutions in fostering economic stability, and Koba Gvenetadze, the IMF’s Resident Representative in Uzbekistan, who contributed an international perspective on resilience-building in smaller economies.

    The second session, “Partnering with BSTDB: Insights and Experiences,” was moderated by David Nahapetyan, Board Member of the Central Bank of Armenia. The panel featured Edmond Vardumyan, CEO of the National Mortgage Company, who spoke about BSTDB’s innovative solutions for advancing Armenia’s housing sector. Leonid Sidorenko, BSTDB’s Director for General Industries, and Larisa Manastirli, the Bank’s Director for Financial Institutions, offered perspectives from within the Bank, focusing on how BSTDB tailors its financing to meet diverse partner needs. Daniel Azatyan, Chairman of the Union of Banks of Armenia, emphasized the importance of long-term collaboration between BSTDB and the Armenian banking sector.

    The Forum concluded with a series of signing ceremonies, with local clients, namely ARMECONOMBANK, DICA, Inecobank and SAS Group, reinforcing BSTDB’s strong partnership with Armenia and its broader commitment to accelerating economic success in the region.

    The Black Sea Trade and Development Bank (BSTDB) is an international financial institution established by Albania, Armenia, Azerbaijan, Bulgaria, Georgia, Greece, Moldova, Romania, Russia, Türkiye, and Ukraine. The BSTDB headquarters are in Thessaloniki, Greece. BSTDB supports economic development and regional cooperation by providing loans, credit lines, equity and guarantees for projects and trade financing in the public and private sectors in its member countries. The authorized capital of the Bank is EUR 3.45 billion. For information on BSTDB, visit www.bstdb.org.

     

    Contact: Haroula Christodoulou

    : @BSTDB

    MIL OSI Global Banks

  • MIL-OSI USA: Kaptur, Doggett, & Sorensen Lead Call for Urgent Federal Action After Deadly Texas Flood

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC — Congresswoman Marcy Kaptur (OH-09) Ranking Member of the House Appropriations Energy and Water Subcommittee, joined by Congressman Lloyd Doggett (TX-37) Dean of the Texas Congressional Delegation, and Congressman Eric Sorensen (IL-17) the only meteorologist serving in Congress, today led a forceful letter to federal agencies calling for immediate action following the catastrophic flash flooding in Kerr County, Texas, that claimed over 100 lives. The letter — sent to President Donald J. Trump, NOAA leadership, and the US Army Corps of Engineers — demands an urgent review of staffing shortages, stalled forecasting improvements, and insufficient flood preparedness that contributed to the disaster.

    The lawmakers point to dangerous gaps in public warning coordination and a 15% reduction in National Weather Service (NWS) staffing since January as critical failures that must be addressed before the next extreme weather event. Accurate weather forecasts are not enough. It is imperative that these warnings are adequately communicated to members of the public and in a way that prompts the appropriate lifesaving action by emergency managers, first responders, and the public at-large.  

    “This flood was not just a natural disaster but a failure of foresight and leadership,” said Congresswoman Marcy Kaptur (OH-09). “A changing climate is rewriting the rules of weather, and our federal agencies must keep pace. The American people deserve a weather warning system that does more than sound the alarm. It must be fully staffed and ready to act to ensure that everyone in harms way receives it. This letter is a demand for accountability, but more importantly, it’s a demand for lives to be protected anywhere severe weather strikes.”

    “As Texans in my state are faced with much pain and uncertainty, we cannot wait to ask the hard questions,” said Congressman Lloyd Doggett (TX-37). “Effective oversight saves lives. That is why we need a full account of the ways in which the Trump administration’s recent actions have undermined the federal response, both before and after this catastrophe. Learning from these failures and recognizing that weather intensification driven by climate change increasingly endangers lives will help prevent more tragedies.”

    “As someone who has reported on dangerous floods for my neighbors as a meteorologist in my local community, I know how critical it is for NWS meteorologists, local media, and emergency management coordinators to work together seamlessly and quickly to share urgent warnings,” said Congressman Eric Sorensen (IL-17). “The deadly toll of the flash floods that hit Texas last week beg the question of what went wrong with the warning systems in place and what more could have been done to prevent this tragedy. The Trump Administration’s cuts to NOAA and the NWS are already having a real impact on the accuracy of our nation’s weather forecasting, creating cause for major concern. That is why I am calling on President Trump, NOAA, and the Army Corps of Engineers to undertake a full-scale investigation into what went wrong and what can be done to prevent catastrophes like this in the future.” 

    This tragedy echoes a troubling national pattern of accelerating flash flood disasters that have claimed lives in recent years: 46 lives in the greater New York City area in September 2021, 45 lives in Kentucky in July 2022, 20 lives in Tennessee in August 2021, and 250 lives across the Southeast in September 2024.  These events are not anomalies — they are harbingers of a climate-disrupted future.

    Kaptur, Doggett, and Sorensen request a response within 30 days and underscore that federal weather services must not be the weak link in the nation’s climate resilience.

    A full copy of the letter can be found by clicking here or reading below: 

    July 11, 2025

    Honorable Donald J. Trump 
    President of the United States
    The White House

    1600 Pennsylvania Ave NW 
    Washington, DC 20500

    Laura Grimm
    Chief of Staff, performing the duties of Undersecretary for Commerce of Oceans and Atmosphere and Administrator, National Oceanic and Atmospheric Administration 
    1401 Constitution Ave NW

    Washington, DC 20230

    Lieutenant General William H. Graham Jr. 
    Commanding General and 56th Chief of Engineers
    U.S. Army Corps of Engineers 

    441 G St NW

    Washington DC, 20314 

     

    Dear Mr. President, Ms. Grimm, and General Graham:

    We write with deep concern about the recent flooding in Kerr County, Texas, by both the severity of this event and the structural shortcomings at the federal, state, and local levels that contributed to the tragic loss of life. On July 4, 2025, Kerr County was struck by a flash flood of devastating impact. The Guadalupe River rose by more than 20 feet in less than two hours,[1] engulfing homes and campsites, and leaving over a hundred dead in its wake.[2] This tragedy echoes a troubling national pattern of accelerating flash flood disasters that have claimed lives: 46 lives in the greater New York City area in September 2021,[3] 45 lives in Kentucky in July 2022, 20 lives in Tennessee in August 2021, and 250 lives across the Southeast in September 2024.[4]  These events are not anomalies—they are harbingers of a climate-disrupted future.

    Atmospheric scientists have long warned that warmer air holds more water vapor and thus latent energy produces heavier rainfall. In 1989, the Director of NASA’s Goddard Institute for Space Studies, James Hansen, wrote presciently that “the greenhouse effect enhances both ends of the hydrologic cycle…, there is an increased frequency of extreme wet situations, as well as increased drought. Model results are shown to imply that increased greenhouse warming will lead to more intense thunderstorms, that is, deeper thunderstorms with greater rainfall.”[5]

    While the National Weather Service (NWS) forecast may have been accurate, accurate weather forecasts are not enough. It is imperative that these warnings are adequately communicated to members of the public and in a way that prompts the appropriate lifesaving action by emergency managers, first responders, and the public at-large.  We are concerned that there seems to have been a breakdown at this stage starting with the first flash flood watches issued on Thursday afternoon.

    Following a series of catastrophic tornadoes in the spring of 2011 that culminated in the worst tornado in a generation in Joplin, Missouri, NWS acknowledged that accurate forecasts were not enough to protect life and property, and thereby elevated the importance of properly communicating to the public about life-threatening weather events.  As a result, NWS developed the Weather Ready Nation initiative to ensure that Americans knew how to appropriately respond to dangerous weather conditions when alerted by NWS or the private weather enterprise. In support of this effort, Congress codified the position of Warning Coordination Meteorologist in every weather forecast office (WFO) around the country in the 2017 Weather Act.

    While staffing across NWS has long been a bipartisan concern, the staffing reductions mandated by the Department of Government Efficiency has greatly magnified the issue, with NWS losing nearly 15% of its staff nationwide since January.  The forecast accuracy and timeliness during this event in Texas was a testament to the dedication of the local NWS staff who flexed their schedules to ensure adequate coverage during such a high-impact event. That is not a sustainable solution, nor is it reliable enough for the increasing incidence of dangerous weather events.

    In particular, the loss of the Warning Coordination Meteorologist at the San Antonio weather forecast office (WFO) and the reduced number of forecasters put the people of Texas at risk. Lacking a full staff complement requires the team to focus only on issuing the forecasts and warnings. Outreach and coordination, a key responsibility of the Warning Coordination Meteorologist, do not occur. Also, we understand that the funding supporting travel to the community for outreach and coordination, including meeting with emergency managers and elected officials, has been suspended. Having the Warning Coordination Meteorologist position and the vacancies filled may have been critical to saving more lives by connecting with as many local community leaders as possible in the hours between the 1 a.m. NWS warning and 4 a.m. when the most dangerous conditions began impacting residents.[6]  

    Given these concerns, we intend to work quickly to enact the Weather Staffing Improvement Act, which will streamline the hiring of federal weather forecasters. Meanwhile, we request that NWS expedites the backfilling of vacancies at all WFOs and the National Centers for Environmental Prediction. Further, we request that, despite proposed cuts to programs in the fiscal year 2026 budget request, no other reductions in funding or staffing occur without the explicit direction of Congress to programs that support precipitation prediction and decision support or the improvement of those services, including, but not limited to the work of the Office of Oceanic and Atmospheric Research.

    NWS Director Ken Graham has also laid out strategic priorities to transform NWS’ staffing models and organizational effectiveness, known as “Ken’s 10”.[7] We applaud his thoughtful proposals, though we urge NOAA to provide more detailed information for Congress to consider prior to wholesale implementation.  Further, we urge that any adoption and implementation be done in a measured way so as to prevent any failures in the current system during the transition.   

    We ask that your agencies please provide the following information:

    1. Staffing Cuts: Provide a breakdown of NWS staffing levels since 2017 at WFOs and the National Centers for Environmental Protection.  Identify how many WFOs, and for how long each, has lacked each of the following positions over that time: Meteorologist in Charge, a Science Operations Officer, and a Warning Coordination Meteorologist? What performance impacts have resulted?
    2. Communication Gaps: How did the absence of a Warning Coordination Meteorologist and reduced staffing affect warning distribution, communication and coordination in Kerr County and other nearby jurisdictions? What is the standard operating procedure for such a role in such critical weather events?
    3. Precipitation Prediction: Atlas-15 will provide detailed estimates of maximum probable precipitation rates for any location in the U.S., critical information for planning for severe weather events.  Please explain any reasons for the current delays in Atlas-15’s national release.  Are sufficient funds available for the completion of this tool?  Have any funds been redirected away from this purpose?
    4. Status of PPGC: The Precipitation Prediction Grand Challenge (PPGC), an initiative to dramatically improve the accuracy of forecasting when, where, and how much precipitation will occur has been chronically underfunded.  Please provide an update on the current efforts to date and the requirements to make significant progress over the next 5 years.
    5. Adopting Graham’s Priorities: Which of Ken Graham’s ten transformation proposals have been implemented? Provide projected costs and timelines.
    6. Corps Flood Control Improvements: This event also highlights the need for improvements from the U.S. Army Corps of Engineers (Corps) who is tasked with flood control across the country. How has the Corps updated its standard operating procedures to recognize the increased risk of extreme precipitation?  What is the status of the adoption of the Forecast-Informed Reservoir Operations (FIRO) to reduce flooding risk and maximize water availability? What additional research and monitoring is necessary, and on what timeline, to incorporate FIRO into the Corps’ standard procedures?
    7. Interagency Collaboration: What NOAA and Corps coordination mechanisms are in place to improve rural flood-warning infrastructure and emergency preparedness, including hydrology modeling and flood response planning?
    8. Future Preparedness Plan: Describe plans to adapt federal weather services to the growing frequency of extreme precipitation events attributable to climate change.

    Across America, we are entering a perilous new era of extreme precipitation. The science is clear: a warming world means heavier rains, more frequent flash floods, and rising stakes. Failure to learn from this disaster will only exacerbate future risk. Now is the moment to prioritize investments—restoring NOAA staffing and accelerating research and coordinating flood preparedness across the Federal Government. We respectfully ask for your prompt attention and response within 30 days to ensure federal weather infrastructure is not the weak link in our national resilience.  We further request a quick response to the July 8, 2025 letter from Rep. Doggett, the Dean of the Texas Congressional Delegation.

     

    Sincerely,

    # # #
     

    MIL OSI USA News

  • MIL-OSI: Brookfield Corporation to Host Second Quarter 2025 Results Conference Call

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, NEWS, July 11, 2025 (GLOBE NEWSWIRE) — Brookfield Corporation (NYSE: BN, TSX: BN) will host its second quarter 2025 conference call and webcast on Thursday, August 7, 2025 at 10:00am (ET).

    Results will be released that morning at approximately 7:00am (ET) and available on our website at https://bn.brookfield.com/news-events/press-releases.

    Participants can join by conference call or webcast:

    Conference Call

    Webcast

    About Brookfield Corporation

    Brookfield Corporation is a leading global investment firm focused on building long-term wealth for institutions and individuals around the world. We have three core businesses: Alternative Asset Management, Wealth Solutions, and our Operating Businesses which are in renewable power, infrastructure, business and industrial services, and real estate.

    We have a track record of delivering 15%+ annualized returns to shareholders for over 30 years, supported by our unrivaled investment and operational experience. Our conservatively managed balance sheet, extensive operational experience, and global sourcing networks allow us to consistently access unique opportunities. At the center of our success is the Brookfield Ecosystem, which is based on the fundamental principle that each group within Brookfield benefits from being part of the broader organization. Brookfield Corporation is publicly traded in New York and Toronto (NYSE: BN, TSX: BN).

    For more information, please visit our website at bn.brookfield.com or contact:

    Media Investor Relations
    Kerrie McHugh Katie Battaglia
    Tel: (212) 618-3469 Tel: (416) 359-8544
    Email: kerrie.mchugh@brookfield.com Email: katie.battaglia@brookfield.com

    The MIL Network

  • MIL-OSI USA: VIDEO: Capito Highlights WV’s Impact to NOAA Operations, Weather Warning System Improvement

    US Senate News:

    Source: United States Senator for West Virginia Shelley Moore Capito

    [embedded content]

    Click here or on the image above to watch Senator Capito’s questions. 

    WASHINGTON, D.C. — This week, U.S. Senator Shelley Moore Capito (R-W.Va.), a member of the U.S. Senate Committee on Commerce, Science, and Transportation, participated in a nominations hearing for Dr. Neil Jacobs to be Under Secretary of Commerce for Oceans and Atmosphere, Taylor Jordan to be an Assistant Secretary of Commerce for Environmental Observation and Prediction, and Harry Kumar to be an Assistant Secretary of Commerce for Legislative and Intergovernmental Affairs. 

    Senator Capito’s questions focused on West Virginia’s contributions to the National Oceanic and Atmospheric Administration (NOAA) operations, as well as nominees’ plans to improve weather warning systems for communities across the country. 

    HIGHLIGHTS:

    ON NOAA’S ENVIRONMENTAL SECURITY COMPUTING CENTER IN FAIRMONT, WEST VIRGINIA: 

    SENATOR CAPITO: “The I-79 tech park in Fairmont is a unique asset for NOAA and the broader adoption of AI. The park houses the supercomputing operation with the high-performance computers named Hera and Raya…what is your institutionalization of AI at NOAA and how would you use these assets that I’ve referenced?” 

    ON IMPROVING WEATHER WARNING SYSTEMS: 

    SENATOR CAPITO: I’d like to pivot to the storms in Texas and weather predicting. Obviously, I live in an area that is prone to rapid flooding like that, but the tragedy we see in Texas is like nothing I’ve seen. It’s unimaginable for many of us. Community engagement, community warning systems, how can that be improved?” 

    DR. JACOBS: Even if you have a perfect forecast, if you can’t get the information to the people, it’s totally useless. So having a way to distribute the watches and warnings, and particularly in regions that don’t have good cell coverage, I think there’s an opportunity to modernize NOAA Weather Radio…Probably an all-of-the-above approach and modernizing these watches and warnings is something that’s going to be a top priority.” 

    MIL OSI USA News

  • MIL-OSI USA: Kaptur, Doggett, & Sorenson Lead Call for Urgent Federal Action After Deadly Texas Flood

    Source: United States House of Representatives – Congresswoman Marcy Kaptur (OH-09)

    Washington, DC — Congresswoman Marcy Kaptur (OH-09), joined by Congressman Lloyd Doggett (TX-37) and Congressman Eric Sorenson (IL-17), today led a forceful letter to federal agencies calling for immediate action following the catastrophic flash flooding in Kerr County, Texas, that claimed over 100 lives. The letter — sent to President Donald J. Trump, NOAA leadership, and the US Army Corps of Engineers — demands an urgent review of staffing shortages, stalled forecasting improvements, and insufficient flood preparedness that contributed to the disaster.

    The lawmakers point to dangerous gaps in public warning coordination and a 15% reduction in National Weather Service (NWS) staffing since January as critical failures that must be addressed before the next extreme weather event. Accurate weather forecasts are not enough. It is imperative that these warnings are adequately communicated to members of the public and in a way that prompts the appropriate lifesaving action by emergency managers, first responders, and the public at-large.  

    “This flood was not just a natural disaster but a failure of foresight and leadership,” said Congresswoman Marcy Kaptur (OH-09). “A changing climate is rewriting the rules of weather, and our federal agencies must keep pace. The American people deserve a weather warning system that does more than sound the alarm. It must be fully staffed and ready to act to ensure that everyone in harms way receives it. This letter is a demand for accountability, but more importantly, it’s a demand for lives to be protected anywhere severe weather strikes.”

    “As Texans in my state are faced with much pain and uncertainty, we cannot wait to ask the hard questions,” said Congressman Lloyd Doggett (TX-37). “Effective oversight saves lives. That is why we need a full account of the ways in which the Trump administration’s recent actions have undermined the federal response, both before and after this catastrophe. Learning from these failures and recognizing that weather intensification driven by climate change increasingly endangers lives will help prevent more tragedies.”

    “As someone who has reported on dangerous floods for my neighbors as a meteorologist in my local community, I know how critical it is for NWS meteorologists, local media, and emergency management coordinators to work together seamlessly and quickly to share urgent warnings,” said Congressman Eric Sorensen (IL-17). “The deadly toll of the flash floods that hit Texas last week beg the question of what went wrong with the warning systems in place and what more could have been done to prevent this tragedy. The Trump Administration’s cuts to NOAA and the NWS are already having a real impact on the accuracy of our nation’s weather forecasting, creating cause for major concern. That is why I am calling on President Trump, NOAA, and the Army Corps of Engineers to undertake a full-scale investigation into what went wrong and what can be done to prevent catastrophes like this in the future.” 

    This tragedy echoes a troubling national pattern of accelerating flash flood disasters that have claimed lives in recent years: 46 lives in the greater New York City area in September 2021, 45 lives in Kentucky in July 2022, 20 lives in Tennessee in August 2021, and 250 lives across the Southeast in September 2024.  These events are not anomalies — they are harbingers of a climate-disrupted future.

    Kaptur, Doggett, and Sorenson request a response within 30 days and underscore that federal weather services must not be the weak link in the nation’s climate resilience.

    A full copy of the letter can be found by clicking here or reading below: 

    July 11, 2025

    Honorable Donald J. Trump 
    President of the United States
    The White House

    1600 Pennsylvania Ave NW 
    Washington, DC 20500

    Laura Grimm
    Chief of Staff, performing the duties of Undersecretary for Commerce of Oceans and Atmosphere and Administrator, National Oceanic and Atmospheric Administration 
    1401 Constitution Ave NW

    Washington, DC 20230

    Lieutenant General William H. Graham Jr. 
    Commanding General and 56th Chief of Engineers
    U.S. Army Corps of Engineers 

    441 G St NW

    Washington DC, 20314 

     

    Dear Mr. President, Ms. Grimm, and General Graham:

    We write with deep concern about the recent flooding in Kerr County, Texas, by both the severity of this event and the structural shortcomings at the federal, state, and local levels that contributed to the tragic loss of life. On July 4, 2025, Kerr County was struck by a flash flood of devastating impact. The Guadalupe River rose by more than 20 feet in less than two hours,[1] engulfing homes and campsites, and leaving over a hundred dead in its wake.[2] This tragedy echoes a troubling national pattern of accelerating flash flood disasters that have claimed lives: 46 lives in the greater New York City area in September 2021,[3] 45 lives in Kentucky in July 2022, 20 lives in Tennessee in August 2021, and 250 lives across the Southeast in September 2024.[4]  These events are not anomalies—they are harbingers of a climate-disrupted future.

    Atmospheric scientists have long warned that warmer air holds more water vapor and thus latent energy produces heavier rainfall. In 1989, the Director of NASA’s Goddard Institute for Space Studies, James Hansen, wrote presciently that “the greenhouse effect enhances both ends of the hydrologic cycle…, there is an increased frequency of extreme wet situations, as well as increased drought. Model results are shown to imply that increased greenhouse warming will lead to more intense thunderstorms, that is, deeper thunderstorms with greater rainfall.”[5]

    While the National Weather Service (NWS) forecast may have been accurate, accurate weather forecasts are not enough. It is imperative that these warnings are adequately communicated to members of the public and in a way that prompts the appropriate lifesaving action by emergency managers, first responders, and the public at-large.  We are concerned that there seems to have been a breakdown at this stage starting with the first flash flood watches issued on Thursday afternoon.

    Following a series of catastrophic tornadoes in the spring of 2011 that culminated in the worst tornado in a generation in Joplin, Missouri, NWS acknowledged that accurate forecasts were not enough to protect life and property, and thereby elevated the importance of properly communicating to the public about life-threatening weather events.  As a result, NWS developed the Weather Ready Nation initiative to ensure that Americans knew how to appropriately respond to dangerous weather conditions when alerted by NWS or the private weather enterprise. In support of this effort, Congress codified the position of Warning Coordination Meteorologist in every weather forecast office (WFO) around the country in the 2017 Weather Act.

    While staffing across NWS has long been a bipartisan concern, the staffing reductions mandated by the Department of Government Efficiency has greatly magnified the issue, with NWS losing nearly 15% of its staff nationwide since January.  The forecast accuracy and timeliness during this event in Texas was a testament to the dedication of the local NWS staff who flexed their schedules to ensure adequate coverage during such a high-impact event. That is not a sustainable solution, nor is it reliable enough for the increasing incidence of dangerous weather events.

    In particular, the loss of the Warning Coordination Meteorologist at the San Antonio weather forecast office (WFO) and the reduced number of forecasters put the people of Texas at risk. Lacking a full staff complement requires the team to focus only on issuing the forecasts and warnings. Outreach and coordination, a key responsibility of the Warning Coordination Meteorologist, do not occur. Also, we understand that the funding supporting travel to the community for outreach and coordination, including meeting with emergency managers and elected officials, has been suspended. Having the Warning Coordination Meteorologist position and the vacancies filled may have been critical to saving more lives by connecting with as many local community leaders as possible in the hours between the 1 a.m. NWS warning and 4 a.m. when the most dangerous conditions began impacting residents.[6]  

    Given these concerns, we intend to work quickly to enact the Weather Staffing Improvement Act, which will streamline the hiring of federal weather forecasters. Meanwhile, we request that NWS expedites the backfilling of vacancies at all WFOs and the National Centers for Environmental Prediction. Further, we request that, despite proposed cuts to programs in the fiscal year 2026 budget request, no other reductions in funding or staffing occur without the explicit direction of Congress to programs that support precipitation prediction and decision support or the improvement of those services, including, but not limited to the work of the Office of Oceanic and Atmospheric Research.

    NWS Director Ken Graham has also laid out strategic priorities to transform NWS’ staffing models and organizational effectiveness, known as “Ken’s 10”.[7] We applaud his thoughtful proposals, though we urge NOAA to provide more detailed information for Congress to consider prior to wholesale implementation.  Further, we urge that any adoption and implementation be done in a measured way so as to prevent any failures in the current system during the transition.   

    We ask that your agencies please provide the following information:

    1. Staffing Cuts: Provide a breakdown of NWS staffing levels since 2017 at WFOs and the National Centers for Environmental Protection.  Identify how many WFOs, and for how long each, has lacked each of the following positions over that time: Meteorologist in Charge, a Science Operations Officer, and a Warning Coordination Meteorologist? What performance impacts have resulted?
    2. Communication Gaps: How did the absence of a Warning Coordination Meteorologist and reduced staffing affect warning distribution, communication and coordination in Kerr County and other nearby jurisdictions? What is the standard operating procedure for such a role in such critical weather events?
    3. Precipitation Prediction: Atlas-15 will provide detailed estimates of maximum probable precipitation rates for any location in the U.S., critical information for planning for severe weather events.  Please explain any reasons for the current delays in Atlas-15’s national release.  Are sufficient funds available for the completion of this tool?  Have any funds been redirected away from this purpose?
    4. Status of PPGC: The Precipitation Prediction Grand Challenge (PPGC), an initiative to dramatically improve the accuracy of forecasting when, where, and how much precipitation will occur has been chronically underfunded.  Please provide an update on the current efforts to date and the requirements to make significant progress over the next 5 years.
    5. Adopting Graham’s Priorities: Which of Ken Graham’s ten transformation proposals have been implemented? Provide projected costs and timelines.
    6. Corps Flood Control Improvements: This event also highlights the need for improvements from the U.S. Army Corps of Engineers (Corps) who is tasked with flood control across the country. How has the Corps updated its standard operating procedures to recognize the increased risk of extreme precipitation?  What is the status of the adoption of the Forecast-Informed Reservoir Operations (FIRO) to reduce flooding risk and maximize water availability? What additional research and monitoring is necessary, and on what timeline, to incorporate FIRO into the Corps’ standard procedures?
    7. Interagency Collaboration: What NOAA and Corps coordination mechanisms are in place to improve rural flood-warning infrastructure and emergency preparedness, including hydrology modeling and flood response planning?
    8. Future Preparedness Plan: Describe plans to adapt federal weather services to the growing frequency of extreme precipitation events attributable to climate change.

    Across America, we are entering a perilous new era of extreme precipitation. The science is clear: a warming world means heavier rains, more frequent flash floods, and rising stakes. Failure to learn from this disaster will only exacerbate future risk. Now is the moment to prioritize investments—restoring NOAA staffing and accelerating research and coordinating flood preparedness across the Federal Government. We respectfully ask for your prompt attention and response within 30 days to ensure federal weather infrastructure is not the weak link in our national resilience.  We further request a quick response to the July 8, 2025 letter from Rep. Doggett, the Dean of the Texas Congressional Delegation.

     

    Sincerely,

    # # #
     

    MIL OSI USA News

  • MIL-OSI Analysis: ‘Come meet us in Dubai’: the new offshoring of grand corruption

    Source: The Conversation – UK – By John Heathershaw, Professor in International Relations, University of Exeter

    So-called professional enablers of grand corruption are increasing service provision out of jurisdictions where they can act without similar restraints. WaitForLight / Shutterstock

    During an interview one of us (Ricardo Soares de Oliveira) carried out in 2017, an African high net-worth individual said he was told by an executive whose business had long served him out of London: “Come meet us in Dubai”. This is part of a large but still misunderstood shift.

    In response to the hardening of rules for foreign money of dubious origins in traditional financial centres, sensitive business has been moving toward new, more permissive jurisdictions. This offshoring of services is giving corrupt strategies a new lease of life, while also making the fightback more difficult.

    For every corrupt dealing that materialises as legitimate wealth, a trail of service provision is indispensable. Bankers, lawyers, real estate executives, accountants, management consultants and PR agencies have acted as facilitators in western financial centres.

    Western governments have long indulged kleptocracy, a system where business success and political power are inextricably entwined. They have done so by condoning lax law enforcement and promoting deregulation, often through risible mechanisms of professional self-regulation.

    But in recent years, data leaks and brave championship of reform by politicians, as well as the work of civil society organisations, investigative journalists and academics, have shed light on the role of these so-called professional enablers.

    In June 2024, a month before becoming British foreign secretary, David Lammy promised to take aim at professionals who enable corruption through London and the UK’s overseas territories. This, he noted, included the “finest bankers, lawyers, estate agents and accountants that money could buy”.

    Lammy’s comments give the impression that the era of risk-free facilitation of corrupt behaviour is at an end. But this optimism is, at least for now, misplaced.

    The shift is largely in political discourse and media scrutiny. Enforcement seriously lags everywhere and is now in reverse gear in the US. Professional enablers still face no real sanction for engaging in such practices.

    At the same time, many professionals are reacting to a more tightly regulated ecosystem in western jurisdictions by engaging in so-called “jurisdictional arbitrage”. There is evidence that they are increasing service provision out of jurisdictions where they can act without similar restraints.

    Jurisdictional arbitrage

    Almost all cases of the professional enabling we have studied involve service provision in western hubs and “new” global financial centres.

    The professional network around Gulnara Karimova, the daughter of the former president of Uzbekistan, Islam Karimov, was dubbed “the office” by Swiss prosecutors. Karimova was jailed in 2014 for taking bribes for access to the country’s market.

    The criminal investigation into her involved 12 jurisdictions, including the UK, US and Uzbekistan as well as the United Arab Emirates (UAE) and Hong Kong.

    Isabel dos Santos, who is Africa’s richest woman and the daughter of former Angolan president José Eduardo dos Santos, also held a maze of global interests. These interests, as in the case of Karimova, spanned western jurisdictions and Asian financial centres such as Dubai, Singapore and Hong Kong.

    Alternative jurisdictions all offer very similar conditions. They are already well-connected, world-class financial centres that are attractive to international business executives.

    Their governments have created regulatory, fiscal and secrecy conditions, sometimes explicitly undercutting older centres such as Switzerland and London. In the latest edition of the Global Financial Centers index, which ranks the competitiveness of financial centres, Dubai rose four places to go above Dublin, Geneva and Paris.

    Crucially, they are also mostly authoritarian states where there is no media or civil society pressure regarding business activities. Even the intermittent sort of scrutiny one sees in western financial centres is absent there.

    Much activity in these financial centres is legal and based on their legitimate competitive advantages. Business interests are also attracted by their vast capital pools. But they are proving to be especially appealing for the sort of business that can no longer flock to other jurisdictions.

    This is the case with servicing clients from states under sanctions such as Russia or Iran. It also applies to regions like Africa and central Asia with high compliance barriers whose high net-worth individuals and firms can no longer get easy access to OECD jurisdictions.

    Researchers at the University of Sussex have shown a major shift in dirty money networks away from the west and towards what they call a “Dubai-Kong axis”.

    There is no exact portrait of the magnitude of this jurisdictional arbitrage. But our work tells us it is big. Two examples from Switzerland are commodity trading and wealth management.

    These sectors have long been under-scrutinised. But they have seen regulatory tightening and greater media attention in recent years. Both have reacted the same way, by sending important parts of their business away from Switzerland.

    The UAE has been dubbed the “new Swiss financial mecca”, with the Financial Times reporting in May 2025 that Swiss family offices are moving there “wholesale”. Far from downplaying the “Swiss brand”, they continue to advertise their multi-generational expertise and “old money” mystique, but from more amenable locations.

    What can be done?

    The many types of legal business involving professional services in these jurisdictions should not be affected. But national and international law must designate the “kleptocratic enterprise” of elites and professionals as a form of serious organised crime.

    This would allow prosecutors to target professionals for working with criminal kleptocrats rather than having to prove that the particular asset handled has criminal origin. This move was made by Swiss prosecutors in the Karimova case.

    It captures the reality that ill-gotten gains are layered and integrated into assets held overseas, just as enablers do for criminal gangs. It also means that the moving of the family office to Dubai will not prevent prosecution where an asset is held or registered.

    Finally, governments could stimulate the market in asset recovery by making it easier for foreign governments and civil society to bring cases, with expert law firms working on a for-profit basis.

    Illicit finance is always transnational, so there is no need to declare defeat just because dodgy business is on the move. However, we are entering a new stage in its global dissemination and complexity.

    John Heathershaw receives funding from the Governance Integrity Anti-Corruption Evidence Programme funded by UK Aid from the UK Government for the benefits of developing countries. The views expressed are not necessarily those of the UK government’s official policies. He is affiliated with the UK Anti-Corruption Coalition.

    Ricardo Soares de Oliveira receives funding from the Governance Integrity Anti-Corruption Evidence Programme funded by UK Aid from the UK Government for the benefits of developing countries. The views expressed are not necessarily those of the UK government’s official policies.

    ref. ‘Come meet us in Dubai’: the new offshoring of grand corruption – https://theconversation.com/come-meet-us-in-dubai-the-new-offshoring-of-grand-corruption-258434

    MIL OSI Analysis