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Category: Economy

  • MIL-OSI USA: IAM Disaster Relief Program is Here to Help Members Affected by Texas Floods

    Source: US GOIAM Union

    The IAM Union is committed to providing immediate assistance and resources to help members affected by the tragic flash flooding in central Texas.

    If you’re an IAM member and suffered property damage from the floods, you can apply for assistance from the IAM Disaster Relief Fund here.

    To address urgent needs, the IAM encourages its members impacted by wildfires to apply for support through the IAM Disaster Relief Fund. This fund is specifically designed to provide assistance during natural disasters, helping members and their families navigate hardships.

    Apply for assistance here. 

    The IAM is ready to help!

    1. Contact your Local 
    2. A Territory Representative will contact you with more information
    3. Funds will be distributed to you based on a damage assessment 

    Click here for more information.

    Additionally, all IAM members can obtain confidential help through the IAM Employee/Member Assistance Program. Services include, but are not limited to, addictions, mental health, stress, depression, and financial hardship. You can reach the confidential IAM Assistance Helpline by calling 301-335-0735 or emailing iameap@iamaw.org. 

    Learn More About IAM Member Services (video) and the IAM Disaster Relief Fund.

    The Texas AFL-CIO has also compiled a comprehensive list of resources.  

    DONATE

    The IAM Disaster Relief Fund provides assistance in situations where our members and their families endure hardships due to natural disasters. 

    The IAM reacts quickly to these needs before other sources of assistance are available. This is not possible without the support of those who have committed to keeping the IAM Disaster Relief Fund vibrant and healthy.

    Make a contribution today through the IAM Disaster Relief Fund.

    The Disaster Relief Fund is able to provide immediate financial assistance to IAM members impacted by natural disasters. The IAM is often there before most monetary relief efforts can react.

    Donate today! 

    The post IAM Disaster Relief Program is Here to Help Members Affected by Texas Floods appeared first on IAM Union.

    MIL OSI USA News –

  • MIL-OSI Security: U.S. Attorney’s Office Filed 81 Border-Related Cases This Week

    Source: US FBI

    SAN DIEGO – Federal prosecutors in the Southern District of California filed 81 border-related cases this week so far, including charges of bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances.

    The U.S. Attorney’s Office for the Southern District of California is the fourth-busiest federal district, largely due to a high volume of border-related crimes. This district, encompassing San Diego and Imperial counties, shares a 140-mile border with Mexico. It includes the San Ysidro Port of Entry, the world’s busiest land border crossing, connecting San Diego (America’s eighth largest city) and Tijuana (Mexico’s second largest city).

    In addition to reactive border-related crimes, the Southern District of California also prosecutes a significant number of proactive cases related to terrorism, organized crime, drugs, white-collar fraud, violent crime, cybercrime, human trafficking and national security. Recent developments in those and other significant areas of prosecution can be found here.

    A sample of border-related arrests this week:

    • On June 28, Wilmar Morales Ramirez, a citizen of Mexico, was arrested at the San Onofre gate of Camp Pendleton and charged with Deported Alien Found in the United States. He was previously deported to Mexico in December 2024.
    • On June 29, Almida Ayala Torres, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, a dog alerted to her vehicle as she tried to cross the border at the San Ysidro Port of Entry. Customs and Border Protection officers found 85 packages containing 113 pounds of methamphetamine hidden in the trunk hatch, driver’s side back door, passenger’s side back door, passenger’s side front door, center console, firewall, driver’s side quarter panel and passenger’s side quarter panel.
    • On June 30, Daniel Yanez Arriaga, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, Customs and Border Protection officers at the Otay Mesa Port of Entry found that Yanez was hiding five pounds of fentanyl on his body when he attempted to cross the border in his car.
    • On July 2, Fernando Ojeda Martinez, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, Customs and Border Protection officers at the San Ysidro Port of Entry found 52 packages containing 221 pounds of methamphetamine concealed in the rear passenger’s quarter panel, driver’s side passenger’s quarter panel, spare tire and gas tank of the defendant’s car.

    Also this week, a number of defendants with criminal records were convicted by a jury or sentenced for border-related crimes such as illegally re-entering the U.S. after previous deportation. Here are some of those cases:

    • On July 1, Anderson Fabricio Leon-Chirinos, a citizen of Honduras who was previously convicted of two federal immigration felony convictions as well as state robbery and batter convictions, was found guilty by a jury of Attempted Re-entry of Remove Alien for again reentering the U.S. illegally. Sentencing is scheduled for September 29, 2025; Leon-Chirinos faces a maximum sentence of 20 years in prison.
    • On July 1, Anderson Fabricio Leon-Chirinos, a Honduran national who was previously convicted of felony Robbery in May 2014, and illegally re-entering the United States in 2018 and 2021, was found guilty by a jury of Attempted Reentry of Removed Alien for again entering the U.S. illegally. Sentencing is scheduled for September 29, 2025, and Leon-Chirinos faces a maximum sentence of 20 years in prison.
    • On July 2, Juan Carlos Ojeda-Saldana, a Mexican national, was sentenced in federal court to 70 months in custody for conspiring to distribute methamphetamine.
    • On July 2, Ana Maria Rosas-Ortega, a Mexican national who was previously convicted of two illegal re-entry offenses (Texas 2014 and Arizona 2015), and misuse of a U.S. passport (California 2016), was sentenced in federal court to 46 months in custody for attempting to illegally reenter the United States.

    Pursuant to the Department’s Operation Take Back America priorities, federal law enforcement has focused immigration prosecutions on undocumented aliens who are engaged in criminal activity in the U.S., including those who commit drug and firearms crimes, who have serious criminal records, or who have active warrants for their arrest. Federal authorities have also been prioritizing investigations and prosecutions against drug, firearm, and human smugglers and those who endanger and threaten the safety of our communities and the law enforcement officers who protect the community.

    The immigration cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), Customs and Border Protection, U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with the support and assistance of state and local law enforcement partners.

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorney’s Office Filed 81 Border-Related Cases This Week

    Source: US FBI

    SAN DIEGO – Federal prosecutors in the Southern District of California filed 81 border-related cases this week so far, including charges of bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances.

    The U.S. Attorney’s Office for the Southern District of California is the fourth-busiest federal district, largely due to a high volume of border-related crimes. This district, encompassing San Diego and Imperial counties, shares a 140-mile border with Mexico. It includes the San Ysidro Port of Entry, the world’s busiest land border crossing, connecting San Diego (America’s eighth largest city) and Tijuana (Mexico’s second largest city).

    In addition to reactive border-related crimes, the Southern District of California also prosecutes a significant number of proactive cases related to terrorism, organized crime, drugs, white-collar fraud, violent crime, cybercrime, human trafficking and national security. Recent developments in those and other significant areas of prosecution can be found here.

    A sample of border-related arrests this week:

    • On June 28, Wilmar Morales Ramirez, a citizen of Mexico, was arrested at the San Onofre gate of Camp Pendleton and charged with Deported Alien Found in the United States. He was previously deported to Mexico in December 2024.
    • On June 29, Almida Ayala Torres, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, a dog alerted to her vehicle as she tried to cross the border at the San Ysidro Port of Entry. Customs and Border Protection officers found 85 packages containing 113 pounds of methamphetamine hidden in the trunk hatch, driver’s side back door, passenger’s side back door, passenger’s side front door, center console, firewall, driver’s side quarter panel and passenger’s side quarter panel.
    • On June 30, Daniel Yanez Arriaga, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, Customs and Border Protection officers at the Otay Mesa Port of Entry found that Yanez was hiding five pounds of fentanyl on his body when he attempted to cross the border in his car.
    • On July 2, Fernando Ojeda Martinez, a U.S. citizen, was arrested and charged with Importation of a Controlled Substance. According to a complaint, Customs and Border Protection officers at the San Ysidro Port of Entry found 52 packages containing 221 pounds of methamphetamine concealed in the rear passenger’s quarter panel, driver’s side passenger’s quarter panel, spare tire and gas tank of the defendant’s car.

    Also this week, a number of defendants with criminal records were convicted by a jury or sentenced for border-related crimes such as illegally re-entering the U.S. after previous deportation. Here are some of those cases:

    • On July 1, Anderson Fabricio Leon-Chirinos, a citizen of Honduras who was previously convicted of two federal immigration felony convictions as well as state robbery and batter convictions, was found guilty by a jury of Attempted Re-entry of Remove Alien for again reentering the U.S. illegally. Sentencing is scheduled for September 29, 2025; Leon-Chirinos faces a maximum sentence of 20 years in prison.
    • On July 1, Anderson Fabricio Leon-Chirinos, a Honduran national who was previously convicted of felony Robbery in May 2014, and illegally re-entering the United States in 2018 and 2021, was found guilty by a jury of Attempted Reentry of Removed Alien for again entering the U.S. illegally. Sentencing is scheduled for September 29, 2025, and Leon-Chirinos faces a maximum sentence of 20 years in prison.
    • On July 2, Juan Carlos Ojeda-Saldana, a Mexican national, was sentenced in federal court to 70 months in custody for conspiring to distribute methamphetamine.
    • On July 2, Ana Maria Rosas-Ortega, a Mexican national who was previously convicted of two illegal re-entry offenses (Texas 2014 and Arizona 2015), and misuse of a U.S. passport (California 2016), was sentenced in federal court to 46 months in custody for attempting to illegally reenter the United States.

    Pursuant to the Department’s Operation Take Back America priorities, federal law enforcement has focused immigration prosecutions on undocumented aliens who are engaged in criminal activity in the U.S., including those who commit drug and firearms crimes, who have serious criminal records, or who have active warrants for their arrest. Federal authorities have also been prioritizing investigations and prosecutions against drug, firearm, and human smugglers and those who endanger and threaten the safety of our communities and the law enforcement officers who protect the community.

    The immigration cases were referred or supported by federal law enforcement partners, including Homeland Security Investigations (HSI), Immigration and Customs Enforcement’s Enforcement and Removal Operations (ICE ERO), Customs and Border Protection, U.S. Border Patrol, the Drug Enforcement Administration (DEA), the Federal Bureau of Investigation (FBI), the U.S. Marshals Service (USMS), and the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF), with the support and assistance of state and local law enforcement partners.

    Indictments and criminal complaints are merely allegations and all defendants are presumed innocent until proven guilty beyond a reasonable doubt in a court of law.

    MIL Security OSI –

  • MIL-OSI Security: Denver Man Charged with 27 Counts in Connection with CARES Act Fraud

    Source: US FBI

    DENVER – An indictment was unsealed on Wednesday in Denver charging Steve Randall Howe with twenty counts of bank fraud and seven counts of money laundering in connection with a scheme to defraud the United States Small Business Administration (SBA).

    According to the indictment, between April 2020 and January 2022, Howe obtained more than $1.2 million in Paycheck Protection Program (PPP) loans on behalf of six businesses he owned.  To obtain the loans, Howe submitted false information and fabricated documents to lenders to make it appear that those companies were eligible for PPP loans when they were not.  Howe then used the loan money for ineligible expenses, like purchases of residential properties, retail purchases, travel expenses, and transfers of money to China.  The indictment alleges that Howe then applied for, and received, forgiveness on each loan, never making a single payment on them.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and pay for certain other expenses consistent with PPP rules.  Small businesses could subsequently request forgiveness of the loan after certifying the loan was used to pay for eligible costs.    

    The defendant made his initial appearance on July 2, 2025, in Denver in front of United States Magistrate Judge N. Reid Neureiter.

    The charges contained in the indictment are allegations, and the defendant is presumed innocent unless and until proven guilty.

    This case is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation.  The case is being prosecuted by Assistant United States Attorneys Taylor Glogiewicz and Craig Fansler.

    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.

    Case Number:                    25-cr-00197-NYW             

    MIL Security OSI –

  • MIL-OSI Security: Denver Man Charged with 27 Counts in Connection with CARES Act Fraud

    Source: US FBI

    DENVER – An indictment was unsealed on Wednesday in Denver charging Steve Randall Howe with twenty counts of bank fraud and seven counts of money laundering in connection with a scheme to defraud the United States Small Business Administration (SBA).

    According to the indictment, between April 2020 and January 2022, Howe obtained more than $1.2 million in Paycheck Protection Program (PPP) loans on behalf of six businesses he owned.  To obtain the loans, Howe submitted false information and fabricated documents to lenders to make it appear that those companies were eligible for PPP loans when they were not.  Howe then used the loan money for ineligible expenses, like purchases of residential properties, retail purchases, travel expenses, and transfers of money to China.  The indictment alleges that Howe then applied for, and received, forgiveness on each loan, never making a single payment on them.

    The Coronavirus Aid, Relief, and Economic Security (CARES) Act was enacted in March 2020 and was designed to provide emergency financial assistance to Americans dealing with the economic impact of the COVID-19 pandemic.  The CARES Act created the PPP, a program administered by the SBA that provided loans to small businesses to retain workers, maintain payroll, and pay for certain other expenses consistent with PPP rules.  Small businesses could subsequently request forgiveness of the loan after certifying the loan was used to pay for eligible costs.    

    The defendant made his initial appearance on July 2, 2025, in Denver in front of United States Magistrate Judge N. Reid Neureiter.

    The charges contained in the indictment are allegations, and the defendant is presumed innocent unless and until proven guilty.

    This case is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service Criminal Investigation.  The case is being prosecuted by Assistant United States Attorneys Taylor Glogiewicz and Craig Fansler.

    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.

    Case Number:                    25-cr-00197-NYW             

    MIL Security OSI –

  • MIL-OSI United Kingdom: Post Office Minister responds to Horizon IT Inquiry report

    Source: United Kingdom – Government Statements

    Oral statement to Parliament

    Post Office Minister responds to Horizon IT Inquiry report

    Gareth Thomas spoke to Parliament after report outlined scandal’s human impact and looking at the redress schemes which have been put in place in response. 

    Madam Deputy Speaker, Sir Wyn Williams has today released the first volume of his report into the Horizon scandal, which caused so much harm to so many innocent people. 

    The fearless and diligent work of his Inquiry has, I believe, won the trust and admiration of postmasters. The Inquiry has asked penetrating questions of a large number of witnesses and has scrutinised more than two million pages of evidence. 

    The whole House I know recognises the bravery of the postmasters who fought against enormous odds to see their cause recognised. Sir Wyn’s report reminds us that blameless people were impoverished. Bankrupted. Stressed beyond belief. Lost their jobs, their marriages, their reputations, their mental health. In some cases, lost their lives. 

    I am sure that the whole House will share my gratitude to Sir Wyn and his team for their work so far. This is only the first volume of their final report, spelling out the scandal’s human impact and looking at the redress schemes which have been put in place in response. 

    A second volume will in due course deal with the causes of the scandal, and how repetition can be avoided. 

    To be clear, I am very sympathetic to Sir Wyn’s 19 recommendations today. Clearly, a number of them require careful consideration. We will respond to them promptly as some concern the ongoing delivery of Horizon redress schemes. Sir Wyn has set us a deadline of 10 October, and we will meet it. 

    The House will see that Sir Wyn has accepted that “the Post Office, the Department and Ministers continue to adhere to the aims of providing financial redress, which is full, fair and prompt”. He also concludes that the majority of people who have accepted offers under the GLO scheme “will have done so because, for them, the offer was full and fair”. That said, Sir Wyn makes some understandable criticisms – especially of the Horizon Shortfall Scheme – which we will need to study closely and address. 

    We inherited a compensation process which was widely seen as too slow, adversarial and legalistic. Well over four years after the first High Court case exposed the scandal, only 2,500 postmasters had had final settlements. 

    There were clearly significant gaps in the compensation process and many victims had not come forward. Indeed, there was no compensation scheme in place for those postmasters whose convictions had been overturned by Parliament. 

    A year ago, Government had paid £236 million in redress. We have now quadrupled that to nearly £1.1 billion. We have launched a compensation scheme for postmasters who have had their convictions overturned; the Horizon Convictions Redress Scheme and have merged Post Office’s compensation arrangements for overturned convictions into it. And through the Post Office, we have delivered a £75,000 fixed sum offer to over 4,200 postmasters who opted for it. 

    We have also launched an independent process to allow people to appeal their HSS settlements or offers. This should provide – as Sir Wyn says in his report – an “opportunity to put right any failures to deliver redress which is full and fair” for HSS victims; and begun discussions with Fujitsu on their contribution to the costs of the scandal. 

    As the House knows and as Sir Wyn’s report underlines further today, there is still a lot more to do. I know that those postmasters who have yet to agree final compensation are frustrated with the delay: so am I. 

    We have been consulting regularly with the Horizon Compensation Advisory Board and others on what more we can do to improve redress. Sir Wyn’s recommendations are very helpful in that regard. Two of his recommendations address issues which we have been already working on across government and with the Advisory Board. 

    And I can confirm that we accept Sir Wyn’s recommendation that claimants should be able to bank the best offer they get from the GLO process and should not put it at risk if they choose to go to the independent panel. 

    Secondly, we will provide redress for family members of postmasters who suffered because of the scandal. I have met the group Lost Chances for Postmaster Children who have campaigned with considerable courage on this issue. 

    Sir Wyn rightly recognises that designing a suitable compensation scheme for family members raises some very difficult issues. Nonetheless, we want to look after those family members who suffered most – meeting Sir Wyn’s recommendation that we should give – and I quote – “redress to close family members of those most adversely affected by Horizon”. 

    Given these challenges, we will now discuss the details of how a scheme should be run with claimants’ lawyers, the independent Advisory Board and the Lost Chances group. It will be open to close family members of existing Horizon claimants who themselves suffered personal injury – including psychological distress – because of their relative’s suffering. Other than in exceptional circumstances, we will need contemporaneous written evidence of that personal injury. 

    There are some fundamental lessons to be learned which Sir Wyn points to, about how compensation following wrongdoing on this scale should be delivered in future. 

    In particular, the Post Office should never have been allowed to run it. Decisions on funding should have been made much more quickly. And it should not have needed the ITV drama to stimulate action to overturn hundreds of unjust convictions. 

    We cannot now turn back the clock to fix those fundamental mistakes. We must instead address two challenges. The first is to make sure that if there is ever another terrible scandal like this one, and all of us will sincerely hope that there isn’t, that the victims do not need to bring a traumatic court case to expose it. 

    The second challenge if such another scandal happens, Government is set up to offer trusted redress from the very start. Sir Wyn argues that there should be a standing public body to deliver redress in any further scandal. I have a considerable amount of sympathy with that argument, but clearly we shall need to analyse the options fully before we commit to it. 

    We will reflect on how to address those twin challenges and will bring our conclusions back to the House. 

    Madam Deputy Speaker, we can never recompense a person properly for their freedom wrongly bring denied them. The humiliation of being wrongly accused. Of seeing your loved ones in profound distress or worse. Or recompense someone for their good reputation being taken from them. 

    I cannot assuage the anger of the victims. Nor will the anger I feel on their behalf ever be assuaged. 

    But we are determined to do more on redress and beyond and to do it quickly to give more of the victims of this appalling scandal at least a measure of the peace they so rightly deserve. 

    And I commend Sir Wyn’s report to the House.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Security: Tampa Man Sentenced to Five Years in Prison for Embezzling More Than $500,000 From St. Petersburg Company

    Source: US FBI

    Tampa, Florida –U.S. District Judge Virginia M. Hernandez Covington has sentenced Zachary Rugen (34, Tampa) to 5 years in federal prison for wire fraud and possessing a firearm as a convicted felon. As part of the sentence, the court also entered an order of forfeiture in the amount of $440,755.18. Rugen pleaded guilty on April 8, 2025.

    According to testimony and court documents, between October 2020 and March 2022, Rugen was employed as the personnel director for a small company in St. Petersburg, Florida. Rugen exploited that role to embezzle at least $503,372.01 from the company. He used his access to the employer’s payment processing system to direct funds intended for vendors and contractors to bank accounts he controlled. Rugen also paid some of his outstanding debts with company funds. To cover the fraud scheme, Rugen electronically submitted falsified and fraudulent payment invoices. Rugen used the ill-gotten funds to live lavishly, including taking expensive vacations and gambling, and for his personal expenses. During the sentencing hearing, the victim-company’s chief operating officer testified that the fraud caused substantial financial hardship from which it will take the company at least five years to recover. As a result of the embezzlement, one of the company’s vendors nearly went out of business.

    During the investigation of Rugen’s embezzlement, law enforcement learned that Rugen was also illegally possessing two firearms. Rugen was prohibited from possessing the firearms due to a prior felony conviction involving impersonating a law enforcement officer. 

    This case was investigated by the Federal Bureau of Investigation and the Tampa Police Department. It was prosecuted by Assistant United States Attorneys Tiffany Fields and Jennifer L. Peresie. 

    MIL Security OSI –

  • MIL-OSI Security: California Businessman Pleads Guilty in Federal Court to Orchestrating $14 Million COVID-Relief Fraud

    Source: US FBI

    CHICAGO — A California businessman has pleaded guilty to a federal fraud charge for fraudulently obtaining more than $14 million in small business loans under the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act.

    DARREN CARLYLE SADLER participated in a scheme to fraudulently apply for loans pursuant to the Paycheck Protection Program (“PPP”), which was created by the CARES Act to provide financial relief for small businesses during the Covid-19 pandemic.  A PPP loan allowed for the interest and principal to be forgiven if businesses spent a certain amount of the proceeds on essential expenses, such as payroll.  Sadler admitted in a plea agreement that in 2020 he submitted and caused the submission of at least 63 PPP loan applications for himself and his clients. The applications falsely represented the number of employees, if any, and the average monthly payroll of the purported businesses.  The false applications resulted in the issuance of more than $14 million in loan funds to Sadler and his clients.  Sadler also received more than $1.9 million in fees from clients for fraudulently obtaining the loans on their behalf.

    Sadler used the fraud proceeds to rent a villa for several months during the pandemic and to travel across the country on private jets to meet clients at bank branches to secure fund transfers. He also purchased luxury vehicles, including a Rolls Royce, multiple Mercedes-Benzes, and a Land Rover, and purchased designer clothing, a luxury watch, and numerous meals at expensive restaurants.

    Sadler, 38, of Costa Mesa, Calif., pleaded guilty on Monday to a federal wire fraud charge, which is punishable by up to 20 years in federal prison.  U.S. District Judge Thomas M. Durkin has not yet set a sentencing date.

    The guilty plea was announced by Andrew S. Boutros, United States Attorney for the Northern District of Illinois, and Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI.  The investigation was worked jointly with the U.S. Small Business Administration Office of Inspector General and the U.S. Postal Inspection Service.  The government is represented by Assistant U.S. Attorney Kartik K. Raman.

    MIL Security OSI –

  • MIL-OSI Security: Princeton Couple Sentenced to Combined 14 Years in Federal Prison for $2 Million Mail Theft Scheme and Firearms Offenses

    Source: US FBI

    EVANSVILLE- Michael Jerome Wright, 45, and Cortney Lashea Young, 36, of Princeton, Indiana, have been sentenced to 12 and 2 years in federal prison, respectively, for their roles in a mail theft scheme.

    Wright pleaded guilty to mail theft, unlawful possession of a mail key, access device fraud, aggravated identity theft, possession of ammunition by a felon, and possession of a machinegun. Young pleaded guilty to mail theft and possession of a firearm by a felon. Both will serve three years of supervised release following their prison sentence.

    According to court documents, in 2023, law enforcement officials began receiving numerous complaints about mail theft and check forgery.

    In March and April of 2024, Evansville Police Department officers surveilled local United States Postal Service (USPS) collection boxes. On six different occasions, investigators saw Wright open collection boxes with an arrow key around 4:30 in the morning, sort through the mail, then drive off with stolen mail. On at least two of those occasions, investigators saw Young behind the wheel of the getaway car.

    The USPS uses a unique type of lock known as an “arrow lock” to secure collection boxes, lockers, and apartment mailbox panels. These locks can only be opened with an arrow key. It is a crime for anyone not authorized by the Postal Service to knowingly have or use arrow keys.

    On April 3, 2023, law enforcement officers stopped the pair just as they drove away from another mail theft. Officers searched the vehicle and uncovered an arrow key and stolen mail on the passenger floorboard.

    Investigators conducted a court-authorized search of Wright and Young’s apartment in Princeton and located hundreds of checks and their corresponding envelopes, many of which had been previously reported as stolen.  The stolen checks had a total face value of $1,857,460.91.

    Investigators also found two handguns under the mattress in Wright and Young’s bedroom. On Wright’s side of the bed was a partially 3D printed, privately made firearm with no serial number. This type of weapon is commonly referred to as a “ghost gun” because it has no records related to its manufacture or sale. Investigators also recovered two, 30-round extended magazines. The ghost gun had a machinegun conversion device, also called a “Glock switch,” installed, allowing it to fire as a fully automatic weapon. Glock switches are themselves considered machine guns under federal law, whether they are installed in a firearm or not. On Young’s side of the bed was a Ruger pistol.

    Wright has sustained multiple felony convictions including murder, dealing in a synthetic drug, operating a vehicle as a habitual traffic violator, and operating a vehicle while intoxicated. Young has sustained a felony conviction for fraud. These prior felony convictions prohibit Wright and Young from ever legally possessing a firearm or ammunition.

    Also in the bedroom of the apartment, law enforcement found two backpacks. In Wright’s backpack, investigators found 30 debit and credit cards bearing the names of other individuals, as well as a piece of notebook paper that had the names, dates of birth, and Social Security numbers for three other individuals written on it.

    “Americans rely on the U.S. Postal Service to securely deliver everything from birthday cards to critical financial documents,” said John E. Childress, Acting U.S. Attorney for the Southern District of Indiana. “This couple exploited that trust through a widespread mail theft and identity fraud scheme that caused two million dollars in losses, while arming themselves with very dangerous illegal weapons. We will continue to work with our law enforcement partners to hold accountable those who target the public and abuse systems we all depend on.”

    “This case highlights the distinguished partnership between the Indianapolis Field Office, the Evansville Police Department, the United States Postal Inspection Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, and the Federal Bureau of Investigation. The United States Secret Service has a duty to safeguard the nation’s financial infrastructure, but we protect far more than just the economic interest of the communities we serve,” said Special Agent in Charge of the Indianapolis Field Office, Ike Barnes. “This case is a prime example of how those who look to victimize our communities will do so in numerous ways. Michael Wright and Cortney Young not only exploited our community of roughly $1.8 million in illicit funds but also brought dangerous weapons into our neighborhoods to carry out their depraved scheme.”   

    “Protecting the U.S. mail and its customers is at the core of our mission as postal inspectors,” said Acting Inspector in Charge Sean McStravick of USPIS – Detroit Division.  “Thanks to incredible collaborative efforts with our law enforcement partners and the U.S. Attorney’s Office, we were able to do just that by putting these individuals behind bars. This sentencing should be considered a warning to anyone else looking to prey on the Postal Service or its customers – we will bring you to justice.”

    The U.S. Secret Service, Bureau of Alcohol, Tobacco, Firearms and Explosives, Federal Bureau of Investigation, U.S. Postal Inspection Service, and Evansville Police Department investigated this case. The sentences were imposed by U.S. District Judge Matthew P. Brookman.  

    Acting U.S. Attorney Childress thanked Assistant U.S. Attorneys Matthew B. Miller and Todd S. Shellenbarger, who prosecuted this case.

     

    ###

    MIL Security OSI –

  • MIL-OSI: Relm Insurance Launches Streamlined Coverage Suite for Fintechs

    Source: GlobeNewswire (MIL-OSI)

    St. George’s, Bermuda, July 08, 2025 (GLOBE NEWSWIRE) — Relm Insurance (‘Relm’), the leading insurer for emerging and innovative industries, today announced the launch of OMEGAFINTECH and NOVAFINTECH, which eliminate coverage gaps within streamlined policies built for today’s financial innovators.

    Modern fintechs face growing risks — from cyberattacks to regulatory scrutiny — yet still rely on fragmented insurance cobbled together from legacy providers. This patchwork approach often leads to costly gaps in coverage and uncertainty at claim time.

    Relm’s new product suite solves this problem by combining critical coverages into a unified structure:

    OMEGAFINTECH

    Built for companies that deliver financial services through technology (e.g. digital banks, crypto exchanges, payment platforms), and includes integrated coverage for:

    • Tech and AI liability
    • Cybersecurity events
    • Financial and professional services (E&O)
    • Regulatory investigations and compulsory limits (e.g. PSD2 compliance in the EU)
    • Financial crime and fraud
    • Management liability
    • 24/7 incident response team access

    NOVAFINTECH

    Tailored for fintech enablers — companies that build, supply, or power financial technologies without offering financial services themselves. It Includes all OMEGAFINTECH protections, minus financial services and management liability, keeping coverage relevant and cost-effective.

    “Many fintechs are scaling fast and taking on complex risk — but traditional insurance hasn’t kept pace,” said Joseph Ziolkowski, CEO and Founder of Relm Insurance. “With OMEGAFINTECH and NOVAFINTECH, we’re helping them close critical gaps and build resilience where it matters most.”

    “Findings from our research and stakeholder engagement suggested there was a clear need for policies that reflect the reality of how modern fintechs operate,” said Claire Davey, Relm’s Head of Product Innovation and Emerging Risk. “OMEGAFINTECH and NOVAFINTECH are the result of that process — cohesive, technically sound coverages that address overlapping exposures in a single structure, helping our clients navigate risk with fewer gaps and greater clarity.”

    For more information, visit: https://relminsurance.com/insurance-products/fintech-insurance-products-omegafintech-and-novafintech/

    Who is OMEGAFINTECH for? Who is NOVAFINTECH for?
    Digital Banking Platforms Digital Payments
    Payment Technology Providers Banking as a Service (BaaS)
    Fraud Prevention and Identity Verification Lending Platforms
    Risk Management, Compliance and RegTech Wealth Tech
    Lending Technology Platforms Personal Finance and Budgeting
    Data Aggregation and Open Banking APIs BNPL (Buy Now, Pay Later)

    About Relm Insurance 

    Relm Insurance Ltd. (Relm) is a Bermuda-domiciled specialty insurance carrier that supports emerging industries driving innovation and next-generation technologies. Launched in 2019, Relm offers a wide range of insurance products to high-growth markets, including digital assets, blockchain, AI, biotech, and the space economy. With a Financial Stability Rating of A (Exceptional) from Demotech, Relm is widely recognised for its industry expertise and solutions-driven approach, making it a trusted risk partner for businesses operating at the frontier of technological innovation. 

    PR Contact

    Reannah Smith

    reannah@lunapr.io

    The MIL Network –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI: KingsRock Advisors Announces Advisory Board, Additional Senior Hires and Senior Advisors, and Inaugural Capital Raise

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK and LONDON and STOCKHOLM and DUBAI, United Arab Emirates, July 08, 2025 (GLOBE NEWSWIRE) — KingsRock Advisors, LLC (“KingsRock”), an independent global advisory firm, announced today the formation of a new Advisory Board, a series of new Senior Hires, additional Senior Advisors joining us, and an inaugural Capital Raise. This expansion aims to accelerate the growth of KingsRock’s capital solutions and corporate finance business, across industries, geographies, and capital structures.

    We are pleased to welcome the following Senior Banking Executives who have agreed to serve as Members of our new KingsRock Advisory Board:

    Dr. Josef Ackermann   Zurich, former Chairman of the Management Board, Deutsche Bank
    Fred Brettschneider   New York, former Head of Deutsche Bank Global Markets Americas
    Yassine Bouhara   Dubai, CEO Tell Group, former Global Head of Deutsche Bank Global Equities
    Kevin Parker   New York, CEO SICM, former CEO of Deutsche Asset Management
    Bernardo Parnes   Sao Paolo, CEO of One Partners, former CEO of Deutsche Bank Latin America
    Jon Vaccaro   Darien, Founder V20 Group, former Global Head of Deutsche Bank CRE
    Seth Waugh   Palm Beach, former CEO of Deutsche Bank Americas, former Chairman of PGA
         

    We are pleased to welcome the following Senior Investment Bankers who have joined KingsRock recently in the US and EMEA as Managing Directors, with further expansion planned:

    David Barcus   New York, former BNP and Raymond James
    John Doyamis   New York, former EBG, and Bear Stearns
    Leo-Hendrik Greve   Amsterdam, former ING, Citi and MS
    Rony Jawhar   Dubai, former Arqaam and Deutsche Bank
    Bray Kelly   New York, former JBK Capital and UBS
    Joe Lovrics   Madrid, former Societe General, Citi, and BNP
    Bill Miller   New York, Commerce Street, TPG Sixth Street, Citi
    Hans Narberhaus   Madrid, former Deutsche Bank
    Laurent Quelin   London, former Chenavari, and CS
    Francois-Louise Ricard   Paris, former Groupe Caisse des Depots, MS and SG
    Jorge de los Rios   Madrid, former Santander, S&P and Lehman
    Mike Turnbull   London, former StormHarbour, BAML and MS
    Andrew Whittaker   New York, Lazard, GSAM and Lehman

    In Q2 we were also joined by Gregor Bates, Associate, London, and Analysts Matt Farrell, Nikita Spivakov, and Tim O’Callaghan in New York.

    We also welcome George Parker, New York, as Senior Advisor for Operations.

    This team’s decades of investment banking experience across Origination, Advisory, Capital Markets, Structuring, and Leveraged Finance should help propel our growth and strategy to originate, structure, and distribute private capital markets transactions and provide strategic advisory services. Our goal is to further strengthen KingsRock’s ability to serve issuer clients and the private credit, special situations and private equity investor universe with ever more tailor-made capital solutions and investment opportunities.

    Expansion of our Global Network of Senior Advisors

    We are also pleased to announce that we now have 120 (one hundred and twenty) Senior Advisors from approximately 50 countries around the world. Each is a truly Independent Advisor with his or her own interest and focus, some with companies that we have partnered with, etc. Many of these advisors comprised the most senior leadership of Deutsche Bank and oversaw a wide range of functions, from CEO and six other former Management Board Members, to Country Heads and Divisional Heads of M&A, Capital Markets, and Heads of Sales, Coverage, Industry Groups, Economists, Operations, etc.

    This unique Global Network of former colleagues and friends as our Senior Advisors allows KingsRock access to key decision makers nearly anywhere in the world, spanning companies, institutional investors, financial institutions, and the public sector. It also offers mutual benefits in deal making through origination, execution, and distribution, be it a cross-border M&A transaction or bespoke institutional capital raising deal.

    We are also pleased to Announce a successful close of our inaugural third-party capital raise for KingsRock Advisors LLC, to support our expansion and elevate our investment banking boutique, with further strategic growth planned. We thank all of our investors for their strong support.

    “We are excited to welcome our new Senior Advisory Board Members, our new Managing Directors, Associate and Analyst colleagues, and our Senior Advisors network to KingsRock as we continue to expand the global reach of our capital solutions business. Together with our inaugural capital raise to boost and increase the visibility of our platform, successfully concluded in Q2, we are truly thrilled with the progress our young firm is making to serve our clients and support our ambitious growth. In the near term, we will share more details about our expansion across our financial services offering,” said Håkan Wohlin, Founder & Managing Partner, and Louis Jaffe, Co-Founder & Managing Partner.

    KingsRock has already announced and closed several significant transactions in 2025. Angel Oak’s recently announced sale to Brookfield, where KingsRock Advisors served as the Exclusive Financial Advisor to Angel Oak, is indeed a landmark transaction. On April 1st, 2025, Brookfield Asset Management and Angel Oak to Entered into Strategic Partnership. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as Exclusive Financial Advisor to Angel Oak Companies.

    About KingsRock:

    KingsRock Advisors, LLC headquartered at 900 Third Avenue, New York, NY 10022, is an independent global advisory firm, with securities offered by KingsRock Securities LLC, a FINRA member firm and SIPC, as well as KingsRock Advisors UK Ltd and KingsRock Advisors Europe AB, both wholly owned subsidiaries of KingsRock Advisors LLC.

    Founded in 2020, KingsRock comprises a team of approximately 40 full time professionals who advise on a wide range of private capital markets transactions including debt, hybrid, equity and M&A covering structures from vanilla to highly structured. The team collectively has worked on thousands of transactions across various industry sectors worldwide. Clients include private equity and private credit firms, corporations, financial institutions, government-related entities, and institutional investors.

    KingsRock Advisors offers the experience and global reach of a large firm, combined with the structural agility and creativity of a boutique. An independent advisory firm with a global network that provides unconflicted strategic and financial advisory services, along with innovative capital solutions and special situations. The firms’ bankers excel in complex transactions and deliver swift results often where large banks and traditional sources of financing do not have the ability to engage. KingsRock advisors operates across all major industry sectors and is supported by a global network of 120 independent Senior Advisors across 50 countries, who bring decades of deal making experience.

    Disclaimer:

    Securities offered by KingsRock Securities LLC, a FINRA member firm and a member of SIPC., a wholly owned subsidiary of KingsRock Advisors LLC. • 900 Third Avenue, 10th Floor • New York, NY 10022.

    KingsRock Advisors UK Ltd is a private limited company registered in England and Wales with registration number 15240371. KingsRock Advisors UK Ltd (FRN 1006329) is an Appointed Representative under Bluegrove Capital Management Ltd (FRN: 960363), which is authorised and regulated by the Financial Conduct Authority.

    KingsRock Advisors Europe AB is incorporated in Sweden (EU), with registered office at Grev Turegatan 14, 114 46 Stockholm, Sweden, and is a tied agent of Svensk Värdepappersservice i Stockholm AB, a Swedish investment firm authorized and regulated by the Swedish Financial Supervisory Authority (Sw. Finansinspektionen) under the Swedish Securities Market Act (Sw. lag (2007:528) om värdepappersmarknaden).

    This message is provided for information purposes and does not constitute an invitation, solicitation or offer to buy or sell any securities or investment. Neither KingsRock Securities, LLC nor its affiliates provide accounting, tax or legal advice; such matters should be discussed with your advisors and/or counsel.

    The MIL Network –

  • MIL-OSI Africa: East African Community (EAC) and Intergovernmental Authority on Development (IGAD) Unite to Break Barriers in Cross-Border Digital Payments

    Source: APO – Report:

    .

    The East African Community (EAC) and the Intergovernmental Authority on Development (IGAD) have taken a significant step towards regional financial integration, with the convening of a five-day workshop on payment systems interoperability. The IGAD-EAC-World Bank Joint Workshop, convened from 30th June to 4th July, 2025 in Addis Ababa, Ethiopia, brought together Central Banks, digital finance experts, and senior policymakers from nine countries with a focus on advancing harmonised legal, regulatory, and supervisory frameworks that will enable faster, safer, and more inclusive cross-border payments across the Eastern Africa region

    The workshop was organised under the Eastern Africa Regional Digital Integration Project (EARDIP), a flagship initiative jointly implemented by IGAD and EAC, with support from the World Bank. The EARDIP’s mission is to boost regional digital market integration by expanding broadband infrastructure and strengthening the environment for cross-border digital services, including digital payments, a critical enabler of trade, remittances, and financial inclusion.

    At the heart the Addis Ababa discussions was a shared regional challenge of fragmented and non-interoperable payment systems that undermine economic potential. While countries like Kenya, Tanzania, and Ethiopia have made strides in domestic interoperability, regional integration remains stifled by gaps in regulations, technical disparities, and cybersecurity concerns. Against this backdrop, the workshop provided a platform for technical learning, peer-to-peer exchange, and collective visioning.

    In his opening remarks, Dr. Mohyeldeen Eltohami, Director of Economic Cooperation and Regional Integration, IGAD, emphasised that the workshop was not merely a technical convening but a launchpad for transformation. “The collaboration between EAC and IGAD exemplifies the spirit of regional solidarity and shared ambition that Africa needs to build the future it envisions, a future of seamless digital integration, inclusive prosperity, and economic transformation,” he said.

    The Director urged participants to seize the opportunity to build a harmonised regional framework and to let cooperation, not fragmentation, define the region’s digital future.

    “Digital transformation is no longer a choice but a necessity. Together, IGAD and EAC can build a digitally integrated Eastern Africa, where borders no longer limit opportunity, and where innovation drives inclusion, and prosperity is shared,” said Dr. Eltohami.

    Echoing these sentiments, Eng. Daniel Murenzi, Principal Information Technology Officer, EAC Secretariat stressed that digital payments are the backbone of a functioning digital market and that interoperability was no longer a luxury, but a necessity for regional prosperity.

    “EAC and IGAD are implementing the EARDIP Project with the objective to advance digital regional integration by strengthening cross-border digital infrastructure, services, policies, and frameworks that promote economic growth, inclusion, and regional collaboration among EAC and IGAD Member/Partner States,” noted Eng. Murenzi.

    “Payment systems are an enabler in this digital ecosystem for the region, with their interoperability a critical factor. We therefore need to review national payment processes, harmonise legal and regulatory instruments and facilitate interoperability of the regions payment system,” he noted.

    On his part, Mr. Gynedi Srinivas, Senior Financial Sector Specialist, Payment Systems Development Group, World Bank outlined the global relevance of the workshop, noting that its objectives align with the Group of Twenty (G20) roadmap for faster, cheaper, and safer cross-border payments. He applauded the region’s readiness to harness the benefits of fast payment system (FPS) interoperability.

    “The benefits of cross-border interoperability of fast payment systems will especially enable safer, faster and low-cost retail payments across borders helping end-users, individuals and Medium, Small and Micro Enterprises (MSMEs) to make and receive payments seamlessly,” he noted.

    Participants of the workshop engaged in discussions on three strategic areas: digital infrastructure, legal and regulatory frameworks, and regional payment integration. Recommendations from these sessions included the need to invest in shared digital infrastructure, adopt consumer-centric design for FPS, develop regulatory sandboxes to support innovation, and the need to harmonise legal instruments to unlock true cross-border operability.

    During the workshop, experts from some Member/Partner States Central/National Banks shared experiences and lessons from their national contexts, thereby providing practical blueprints for other countries aiming to leapfrog barriers and accelerate digital finance inclusion.

    Participants also explored emerging technologies, including AI, blockchain, and cross-border Central bank digital currencies, alongside discussions on cyber threats and the role of cybersecurity incident response teams (CIRSTs) in protecting payment ecosystems. The need for a unified cybersecurity legal framework and real-time threat intelligence sharing across borders emerged as a top priority.

    The workshop further recommended facilitating peer-to-peer attachments among central banks; anchoring FPS design in user needs; collectively addressing social engineering risks, particularly in mobile payments; and convening annual joint workshops on cross-border payments.

    The workshop brought together experts from nine IGAD-EAC Member/Partner States’ National Payment System directorates or departments from the Bank of the Republic of Burundi, the Central Bank of Djibouti, the National Bank of Ethiopia, the Central Bank of Kenya, the National Bank of Rwanda, the Central Bank of Somalia, the Bank of South Sudan, the Bank of Tanzania and the Bank of Uganda. The Central Bank of the Democratic Republic of Congo was represented by the Ministry of Regional Integration of the Democratic Republic of Congo.  Also in attendance were IGAD and EAC EARDIP Coordinators and key staff as well as World Bank Consultants and a representative from Banco d ’Italia (Bank of Italy).  

    – on behalf of East African Community (EAC).

    MIL OSI Africa –

  • MIL-OSI United Kingdom: Cameroon celebrates forest hero and Chevening scholars

    Source: United Kingdom – Executive Government & Departments

    World news story

    Cameroon celebrates forest hero and Chevening scholars

    The British High Commission in Yaoundé honoured Dr Cécile Ndjebet, the first-ever Kew International Medalist and a trailblazing forest and climate activist.

    Dr Ndjebet receiving her Award from the High Commissioner, Matt Woods.

    The British High Commission in Yaoundé hosted a special ceremony to honour Dr Cécile Ndjebet, the first-ever recipient of the Kew International Medal. A renowned forest and environmental activist, Dr Ndjebet was celebrated for her groundbreaking work in forest conservation and women’s empowerment across 20 African countries.

    Her recognition marks a historic moment, highlighting Cameroon’s leadership in global environmental advocacy.

    As the 17th recipient of this globally respected award, Dr. Ndjebet was commended by UK Minister for Africa, Lord Collins, and High Commissioner Matt Woods for her tireless efforts in promoting inclusive forest governance.

    A co-founder of the African Women’s Network for Community Management of Forests and a member of the African Forest Forum, Dr Ndjebet has been instrumental in advancing sustainable environmental practices while ensuring that women have a voice in managing Africa’s natural resources.

    A royal recognition

    Just days after the ceremony in Cameroon, Dr Ndjebet was received by His Majesty King Charles III in the United Kingdom. During her visit, she delivered a powerful keynote address on “Nature Action: Mobilising Frameworks and Finance” highlighting the urgent need for global collaboration in financing nature-based solutions and empowering local communities, especially women, to lead in environmental stewardship.

    Her address underscored the importance of integrating traditional knowledge, gender equity, and sustainable finance into global climate strategies.

    Celebrating academic excellence

    The event also celebrated the return of eight Chevening Scholars who recently completed their master’s degrees at top UK universities. These scholars specialized in critical fields such as climate policy, engineering, disaster management, and artificial intelligence, bringing back valuable knowledge and skills to contribute to national development.

    Strengthening UK-Cameroon ties through education

    Since its inception in 1983, the Chevening Scholarship programme has played a vital role in fostering educational and diplomatic ties between the UK and Cameroon. By investing in future leaders, the programme continues to build bridges of collaboration, innovation, and mutual growth.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Kingdom: New study provides major boost for mine water heat revolution

    Source: United Kingdom – Government Statements

    Press release

    New study provides major boost for mine water heat revolution

    New study shows 87% of coalfield boreholes succeed, busting myths around drilling risks and boosting confidence in mine water heat for green energy.

    Borehole drilling in County Durham.

    A new study from the Mining Remediation Authority busts myths around the risks of drilling into abandoned coal mines for mine water heat schemes. The research provides the strongest evidence yet that this low-carbon technology is technically achievable, cost-effective and ready to scale, offering a major boost to the UK’s ambitions for clean, secure, and locally sourced energy.

    The open-access research, “Drilling into Coal Mine Workings: Overview and Experience from Britain’s Coalfields”, analysed 564 boreholes drilled across Great Britain. It found that 87% of boreholes successfully delivered on their intended purpose, including monitoring, gas venting and water abstraction. More than 75% of those targeting mine voids successfully reached their target, confirming the predictability and feasibility of accessing mine water heat.

    This work directly addresses any concerns about the technical and financial risks of drilling into former coal mines for low-carbon heating, cooling, and thermal storage. It provides a robust evidence base to support the rollout of mine water heat networks, a reliable source of green energy beneath many former coalfield communities, which is currently underused.

    Mine water heat: Busting myths with new drilling study

    Lee Wyatt, lead author and Senior Hydrogeologist at the Mining Remediation Authority, said:

    This study shows that drilling into coal mine workings is not the high-risk activity it’s often perceived to be. With the right planning, design, and expertise, success rates are high, and this opens the door for more confident investment in mine water heat networks. This has the ability to decarbonise heat, reduce energy bills, and regenerate former coalfield communities.

    Key findings:

    • 87% of boreholes were suitable for their original purpose.
    • More than 75% success rate for hitting targeted mine voids.
    • 97% success rate for deeper boreholes (over 300m), where mine plans are more accurate.
    • Boreholes targeting roadways had a 77% success rate in hitting voids and 85% suitability for their intended use.

    The study supports our mission to unlock the potential of Britain’s coalfields for sustainable development and energy transition. It gives developers, local authorities and infrastructure planners greater confidence in mine water heat as a dependable, scalable energy source.

    It also complements research from initiatives like the UK Geoenergy Observatories, which continue to improve geological understanding of mine heat systems and their role in the energy transition.

    Further information:

    Paper link: https://www.lyellcollection.org/doi/full/10.1144/qjegh2025-016

    Mine Water Thematic link: https://www.lyellcollection.org/topic/collections/mine-water-energy

    QJEGH Volume 58 August 2025: https://www.lyellcollection.org/journal/qjegh

    For media enquiries contact the community response team

    Email communityresponse@miningremediation.gov.uk

    Telephone 0800 288 4211

    For emergency media enquiries (out of hours) call: 0800 288 4242.
    Only urgent media calls will be attended to.

    Updates to this page

    Published 8 July 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: INNOPROM-2025: the fight for technological leadership

    Translation. Region: Russian Federal

    Source: Peter the Great St. Petersburg Polytechnic University –

    An important disclaimer is at the bottom of this article.

    The Polytechnic stand continues its work at the INNOPROM exhibition, and the official delegation of SPbPU takes an active part in the business program. On July 8, Russian Prime Minister Mikhail Mishustin arrived in Yekaterinburg. At the forum, the Prime Minister assessed the exhibits and opened the main strategic session “Technological Leadership: Industrial Breakthrough”.

    “I would like to sincerely welcome the participants and guests of the main industrial exhibition of Russia. This year it has a significant anniversary. For the 15th time, Yekaterinburg has become the center of attraction for companies of industrial leaders – both our country and our friendly states. In order to identify new growth points, expand the range of business contacts,” said Mikhail Mishustin. – Today’s discussion is devoted to a very important topic – industrial breakthrough. President Vladimir Vladimirovich Putin at the St. Petersburg International Economic Forum emphasized that the Russian economy must become more technological. This is a serious challenge, the solution of which will require combining the efforts of educational and scientific institutions, industry and other sectors, the expert community and investors, state corporations and development institutions, ministries and departments, regional authorities. I am absolutely convinced that together we will be able to achieve the goals set in this area. And a good support, of course, will be the success of domestic manufacturers.”

    The industrial world is currently experiencing a period of dramatic change and instability. In the context of growing uncertainty, the largest market players are actively looking for new growth points and strategic allies. Technological development is becoming a key area of production transformation. The priority vector is the creation of intelligent and automated systems, where artificial intelligence plays a central role in managing production processes. However, technological progress is only one component of success in the struggle for leadership. An equally important aspect is the formation of a reliable ecosystem of partnerships based on many years of experience of joint work and mutual trust. The key factors in this strategy are the painstaking work of higher education institutions in training qualified personnel, as well as close interaction between educational institutions, enterprises and business representatives.

    Thus, the chief designer for the key scientific and technological development area of SPbPU “System Digital Engineering”, director of the Advanced Engineering School of SPbPU “Digital Engineering” Alexey Borovkov was one of the key speakers of the round table “Implementation of strategic projects of technological leadership within the framework of the program “Priority-2030”. The participants of the meeting discussed the mechanisms of interaction of the program with the system of higher education, including the assessment of the implemented educational programs, methodological approaches to training and forms of cooperation between educational institutions and the business community.

    Alexey Ivanovich recalled that in 2025, each university included the section “Strategic Technological Leadership” in its comprehensive development program, identifying three strategic technological projects. Peter the Great St. Petersburg Polytechnic University, following the presentation of the University Development Program at the Council of the Ministry of Science and Higher Education of the Russian Federation, entered the leading group of universities participating in the Priority-2030 program.

    It is important to note that in accordance with the Order of the Government of the Russian Federation dated May 20, 2023 No. 1315-r, the term “technological leadership” is defined as the superiority of technologies or products in key parameters (functional, technical, cost) over foreign analogues. It is for the purpose of achieving technological leadership according to this definition that SPbPU concentrates its efforts on three key scientific and technological areas (KST): KST-1 “Systemic digital engineering” – development of technologies and products superior to foreign analogues, based on digital twin technology and the CML-Bench® Digital Platform KST-2 “New materials, technologies, production” – creation of science-intensive industries for the repair and manufacture of products for various purposes; KST-3 “Artificial intelligence for solving cross-industry problems” – development of digital platform solutions for analyzing multimodal data, – said Alexey Ivanovich.

    A solemn and pleasant ceremony took place at our stand during business negotiations. SPbPU Academic Secretary Dmitry Karpov presented the SPbPU “For Merits” badge of distinction to Anatoly Sludnykh, General Director of the Ural Optical-Mechanical Plant named after E. S. Yalamov (UOMZ). The award was given by a unanimous decision of the Polytechnic Academic Council for his great contribution to the development of Peter the Great St. Petersburg Polytechnic University. UOMZ is a long-standing and reliable partner of the Polytechnic. So, quite recently The plant’s delegation visited our university.

    According to Anatoly Sludnykh, the enterprise is interested in using technologies and materials developed by Polytechnic University scientists, as well as in additional training of its technologists and engineers at the university. SPbPU, in turn, is determined to strengthen ties and expand cooperation with the Ural Optical and Mechanical Plant and other enterprises of the Shvabe holding.

    We should add that the Polytechnic stand enjoys increased attention from specialists and visitors to the INNOPROM exhibition. They evaluate the advanced engineering developments of our university and communicate with the university specialists. But the exhibit of the SPbPU History Museum is of particular value – a fragment of the legendary “Cable of Life”. This is a gift from Polytechnic graduates who, after graduating from the university, made a successful career at Lenenergo.

    September 23, 1942 was a turning point in the history of Leningrad during the siege. On this day, the besieged city began receiving electricity from the Volkhov Hydroelectric Power Station. The unique project was completed in just 48 days. Power engineers had to lay 104 kilometers of overhead power lines and five 23-kilometer cable strands along the bottom of Lake Ladoga. The work was carried out under constant enemy fire near the front line. A three-core cable with a 120 mm² cross-section ensured the transmission of significant amounts of electricity. The system operated for almost two years, supplying not only industrial enterprises, but also the everyday needs of city residents.

    Director of the SPbPU History Museum Valery Klimov shared his memories of the outstanding engineer Nikodim Tumanov, who supervised the cable laying. In 1935, he graduated from the Leningrad Polytechnic Institute as an external student, defending his diploma project on the topic of “Expansion of the electrical network of the Central District of the Leningrad electrical network.”

    When he was assigned to lead the group, he said: “I understood that this task was impossible. But if I refused, someone else would refuse, a third – and the city would be left without electricity. I decided for myself that I had to try. Leningraders are those people who did not refuse. Perhaps that is why we survived. And as long as a person believes, he lives,” Valery Yuryevich quoted Nikodim Tumanov.

    I noticed that there are not many stands here that have the logo of the 80th anniversary of the Victory. Our stand has one. This year the country celebrated a great anniversary, and that is why we brought to Yekaterinburg one of the symbols of the Victory and the heroism of Leningraders – “Cable of Life”, – emphasized Valery Klimov.

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI: GoldenMining Launches Enhanced AI-Powered Cloud Mining Platform as Crypto Infrastructure Advances

    Source: GlobeNewswire (MIL-OSI)

    New York, July 08, 2025 (GLOBE NEWSWIRE) —

    Amid renewed momentum in the digital asset sector and a resurgence in tech equities, GoldenMining has unveiled an upgraded version of its automated crypto mining platform, leveraging intelligent computing technologies to optimize cloud-based operations. The launch comes as industry players focus on scalable, infrastructure-driven innovations in the blockchain space.

    GoldenMining operates a globally distributed network of data centers that power its AI-driven mining ecosystem. The platform supports real-time resource allocation and automatic switching between multiple cryptocurrency networks, including Bitcoin (BTC), Ethereum (ETH), XRP, Dogecoin (DOGE), and others. The goal is to enable users to engage in mining operations without the need for hardware, technical expertise, or on-site management.

    “We’re advancing mining accessibility through automation,” said a GoldenMining spokesperson. “Our platform is built to dynamically respond to network activity and adjust mining strategies accordingly—offering an efficient, hands-off entry point into crypto infrastructure.”

    Popular contract recommendations

    contract days Investment Amount Contract Rewards Total income
    Elphapex DG1+ 2 $100 $3 $106
    Bitmain S23 Hyd 5 $650 $42.25 $692.25
    AntminerL917GH 12 $1800 $287.28 $2087.28
    L916GH 30 $4500 $1890 $6390
    ElphaPex DG Hydro1 30 $7800 $3276 $11076
    Elphapex DG2 45 $12000 $180 $20100

    It only takes four steps to start:

    1. Register an account and get a trial bonus for new users; for more activities, please consult the official website: (www.GoldenMining.com)

    2. Select and activate the contract, and the cloud system automatically runs the mining machine;

    3. Receive daily profits: Daily profits will be automatically calculated and sent to your account. When your balance reaches 100. You can withdraw at any time or choose to automatically reinvest and enjoy compound interest

    4. Multi-currency parallel mining: In addition to BTC, GoldenMining supports DOGE, LTC, ETH, USDT, XRP and other currency mining. When XRP trading is active, it can automatically switch mining currencies to capture the increased bonus.

    Key Features of the GoldenMining Platform:

    • AI-Based Power Scheduling: Continuously monitors network difficulty and transaction activity to optimize mining allocation.
    • Multi-Currency Support: Enables simultaneous mining of various digital assets with automated switching based on network conditions.
    • Decentralized Infrastructure: Operates 13+ high-performance data centers worldwide to ensure system reliability and uptime.
    • Energy-Efficient Operations: Utilizes optimized hardware configurations and scalable infrastructure with an emphasis on sustainability.
    • User-Friendly Interface: Accessible via web and mobile platforms for real-time monitoring and system management.

    GoldenMining’s latest platform update is aligned with broader trends in the crypto industry, where automation and intelligence are becoming key pillars of next-generation blockchain participation. The company has also announced ongoing expansion of its mining infrastructure and plans to support additional payment channels and smart contract integrations in the near future.

    About GoldenMining

    GoldenMining is a global provider of cloud-based mining services, committed to developing accessible and fully automated solutions for digital asset enthusiasts. With users in over 100 countries and a growing network of international data centers, the company aims to simplify crypto infrastructure engagement at scale.

    Official Website: www.GoldenMining.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Boralex will release its 2025 second quarter financial results on August 8, at 11 a.m.

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, July 08, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 second quarter results will take place on Friday, August 8, 2025, at 11 a.m.

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Friday, August 8, 2025, at 11 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/ceviggr3

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view the presentation which will be broadcasted live. A full replay will also be available on Boralex’s website until August 8, 2026.

    The financial information will be released through a press release and on Boralex’s website on August 8, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Recognized as Best Corporate Citizen in Canada by Corporate Knights, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com
       

    The MIL Network –

  • MIL-OSI: Flexera Announces Winners of the 2025 Technology Intelligence Awards

    Source: GlobeNewswire (MIL-OSI)

    ITASCA, Ill., July 08, 2025 (GLOBE NEWSWIRE) — Flexera, the global leader in technology spend and risk management, today announces the winners of the fifth annual Technology Intelligence Awards. The awards recognize organizations that have demonstrated exceptional achievements in leveraging IT Asset Management (ITAM), FinOps and SaaS Management to drive growth, innovation and positive impact. 

    “Our customers continue to redefine what’s possible and drive innovation across ITAM, FinOps and SaaS Management,” said Roy Ritthaler, Executive Vice President of Customer Value at Flexera. “The Technology Intelligence Awards celebrate these remarkable achievements, recognizing their relentless focus on optimizing technology spend, reducing risk, and making smarter, data-driven decisions. This year’s winners demonstrate a shift toward a holistic approach, integrating cloud and SaaS solutions, treating them as interconnected parts of an optimization strategy.”

    The award entries from Flexera customers worldwide highlighted key industry trends including:

    • The evident adoption of policy-driven automation and machine learning, showing transitions from pilots to production for cost savings and enhanced IT visibility.
    • A focus on purpose-led optimization and modernization, aligning ITAM with broader business goals.
    • The FinOps submissions indicated a rise in financial accountability in engineering, with budgets linked to team KPIs, cost awareness integrated into workflows, and greater ownership of spend across technical teams.

    “We’re honored to receive the Breakthrough Award from Flexera,” said Michał Sawicki, Senior Contract and License Lead at Heineken. “This recognition reflects the dedication and innovation of our Software Asset Management team at Heineken, and the strong partnership we’ve built with Flexera. Thank you for supporting our journey toward a smarter, more efficient and innovative software landscape.”

    This year’s winners and honorable mentions are:

    Breakthrough of the Year: Recognizing the submission that redefined what’s possible through innovation, intelligence, and measurable impact.

    Impact of the Year: Recognizing an organization that has achieved significant, business-wide impact using any Flexera solution—or a combination of multiple solutions. 


    Innovation of the Year:     Recognizing organizations that have used Flexera solutions in a new or creative way to solve a problem. 


    ITAM Excellence:     Recognizing outstanding achievement in ITAM using Flexera One ITAM or SAM on Snow Atlas. 


    SaaS Management Excellence:     Recognizing organizations that have successfully optimized SaaS management using Flexera One SaaS Manager or Snow SaaS Management. 


    FinOps Excellence:     Recognizing organizations leading the way in FinOps by maximizing ROI from cloud spend. 

    Technology for Good: Recognizes organizations that leverage Flexera’s technology solutions to drive social or environmental impact. 


    Rookie of the Year:     Recognizes a new Flexera customer that has successfully implemented any Flexera solutions in the past year (starting May 2024). 

    This year’s awards were evaluated by an independent panel of industry analysts and practitioners, which included:

    Winners were selected based on the quality and clarity of their submissions, tangible metrics demonstrating success, and measurable business outcomes. The 2025 Technology Intelligence Awards recognize fifteen customers from the US, UK, Switzerland, Kenya, Turkey, India and Australia.

    For more information on the award winners and categories, please visit: https://www.flexera.com/customer-success/awards.

    Follow Flexera 

    About Flexera

    Flexera helps organizations understand and maximize the value of their technology, saving billions of dollars in wasted spend. Powered by the Flexera Technology Intelligence Platform, our award-winning IT asset management, FinOps and SaaS management solutions provide comprehensive visibility and actionable insights on an organization’s entire IT ecosystem. This intelligence enables IT, finance, procurement, FinOps and cloud teams to address skyrocketing costs, optimize spend, mitigate risk and identify opportunities to create positive business outcomes. More than 50,000 global organizations rely on Flexera and its Technopedia reference library, the largest repository of technology asset data. Learn more at flexera.com.

    For more information, contact:

    Ciri Haugh
    Flexera
    publicrelations@flexera.com

    The MIL Network –

  • MIL-OSI Africa: SA’s agricultural exports reach US$3,36 billion 

    Source: Government of South Africa

    For the first quarter of 2025, South Africa’s agricultural exports reached US$3,36 billion, which translates to a 10% increase year-on-year, says Minister of Agriculture John Steenhuisen.

    This is due to the work that government has been doing in expanding market access and defending trade over the past year.

    “We facilitated new access for avocados to China, maize to Japan and India, beef to Iran, and table grapes to the Philippines and Vietnam. We managed a quick resolution to Botswana’s temporary ban on South African maize and wheat, reopening the border within two weeks.

    “We were part of the Presidential delegation to the Forum on China-Africa Cooperation (FOCAC) in China, secured protocols for wool, dairy and meat exports, and participated in high-level delegations to Davos, Japan, and Berlin,” the Minister said on Tuesday in Cape Town.

    Furthermore, South Africa had formal bilateral engagements with counterparts from the G7, African Union (AU), and G20, to advance the country’s market access and biosecurity agenda.

    Addressing the Department of Agriculture’s Post-Budget Vote Media Briefing, the Minister outlined the significant strides the department has made in expanding market access, restoring biosecurity, delivering targeted farmer support, fighting food insecurity and empowering young people in the sector.

    Restoring biosecurity and disaster preparedness

    Over the past year, government has prioritised biosecurity as the world witnessed an increase in animal and plant disease risks.
    The Minister said biosecurity is no longer a technical matter, but an economic and national imperative. 

    “Over the past year, we have established the National Biosecurity Compact and a Biosecurity Council, which bring together scientists, industry experts and officials to coordinate outbreak responses.

    “[We have] deployed animal health technicians to vaccinate against Foot and Mouth Disease in Gauteng and KwaZulu-Natal, as well as adopted a new proactive, strategic approach,” Steenhuisen.

    Moreover, government relaunched the National Biosecurity Hub in partnership with the University of Pretoria and commenced the country’s first avian influenza vaccination campaign that was supported by upgraded digital disease surveillance.

    “Our efforts are restoring confidence in our export systems and protecting farmers from catastrophic losses,” the Minister said.

    Delivering targeted farmer support

    According Steenhuisen, this year, over 6 000 farmers received direct support through a R1.7 billion allocation, creating 3 000 jobs.

    “Through Ilima/Letsema, we supported 67.492 vulnerable households, generating nearly 9 500 work opportunities. We launched new smallholder farmer programmes in Jozini and beyond, focused on shifting the paradigm from “grow and sell” to “grow to sell”.

    Ilima/Letsema is a government programme aimed at reducing poverty through increased food production initiatives.

    In addition, government fast tracked the global Good Agricultural Practices (GAP) accreditation for emerging producers and expanded access to finance through a restructured Blended Finance Scheme.

    “We have made it clear; the future of agriculture lies with the youth. Over 3 000 agricultural graduates have entered internship programmes. We have begun integrating all 11 agricultural colleges into the higher education system, starting with Elsenburg. 

    “We are investing in climate-smart agriculture, pollinator protection, agroecology, and digital agri-tech tools to make agriculture attractive to the next generation,” the Minister said. – SAnews.gov.za

    MIL OSI Africa –

  • MIL-OSI Submissions: Calls to designate the Bishnoi gang a terrorist group shine a spotlight on Canadian security laws

    Source: The Conversation – Canada – By Basema Al-Alami, SJD Candidate, Faculty of Law, University of Toronto

    British Columbia Premier David Eby recently called on Prime Minister Mark Carney to designate the India-based Bishnoi gang a terrorist organization.

    Brampton Mayor Patrick Brown echoed the request days later. The RCMP has also alleged the gang may be targeting pro-Khalistan activists in Canada.

    These claims follow a series of high-profile incidents in India linked to the Bishnoi network, including the murder of a Punjabi rapper in New Delhi, threats against a Bollywood actor and the killing of a Mumbai politician in late 2024.

    How terrorism designations work

    Eby’s request raises broader legal questions. What does it mean to label a group a terrorist organization in Canada and what happens once that label is applied?

    Under Section 83.05 of the Criminal Code, the federal government can designate an entity a terrorist organization if there are “reasonable grounds to believe” it has engaged in, supported or facilitated terrorist activity. The term “entity” is defined broadly, covering individuals, groups, partnerships and unincorporated associations.

    The process begins with intelligence and law enforcement reports submitted to the public safety minister, who may then recommend listing the group to cabinet if it’s believed the legal threshold is met. If cabinet agrees, the group is officially designated a terrorist organization.

    A designation carries serious consequences: assets can be frozen and financial dealings become criminalized. Banks and other institutions are protected from liability if they refuse to engage with the group. Essentially, the designation cuts the group off from economic and civic life, often without prior notice or public hearing.

    As of July 2025, Canada has listed 86 entities, from the Islamic Revolutionary Guard Corps to far-right and nationalist organizations. In February, the government added seven violent criminal groups from Latin America, including the Sinaloa cartel and La Mara Salvatrucha, known as the MS-13.

    This marked a turning point: for the first time, Canada extended terrorism designations beyond ideological or political movements to include transnational criminal networks.

    Why the shift matters

    This shift reflects a deeper redefinition of what Canada considers a national security threat. For much of the post-9/11 era, counterterrorism efforts in Canada have concentrated on groups tied to ideological, religious or political agendas — most often framed through the lens of Islamic terrorism.

    This has determined not only who is targeted, but also what forms of violence are taken seriously as national security concerns.

    That is why the recent expansion of terrorism designations — first with the listing of Mexican cartels in early 2025, and now potentially with the Bishnoi gang — feels so significant.

    It signals a shift away from targeting ideology alone and toward labelling profit-driven organized crime as terrorism. While transnational gangs may pose serious public safety risks, designating them terrorist organizations could erode the legal and political boundaries that once separated counterterrorism initiatives from criminal law.

    Canada’s terrorism listing process only adds to these concerns. The decision is made by cabinet, based on secret intelligence, with no obligation to inform the group or offer a chance to respond. Most of the evidence remains hidden, even from the courts.

    While judicial review is technically possible, it is limited, opaque and rarely successful.

    In effect, the label becomes final. It brings serious legal consequences like asset freezes, criminal charges and immigration bans. But the informal fallout can be just as harsh: banks shut down accounts, landlords back out of leases, employers cut ties. Even without a trial or conviction, the stigma of being associated with a listed group can dramatically change someone’s life.

    What’s at stake

    Using terrorism laws to go after violent criminal networks like the Bishnoi gang may seem justified. But it quietly expands powers that were originally designed for specific types of threats. It also stretches a national security framework already tainted by racial and political bias.



    Read more:
    Canadian law enforcement agencies continue to target Muslims

    For more than two decades, Canada’s counterterrorism laws have disproportionately targeted Muslim and racialized communities under a logic of pre-emptive suspicion. Applying those same powers to organized crime, especially when it impacts immigrant and diaspora communities, risks reproducing that harm under a different label.

    Canadians should be asking: what happens when tools built for exceptional threats become the default response to complex criminal violence?

    As the federal government considers whether to label the Bishnoi gang a terrorist organization, the real question goes beyond whether the group meets the legal test. It’s about what kind of legal logic Canada is endorsing.

    Terrorism designations carry sweeping powers, with little oversight and lasting consequences. Extending those powers to organized crime might appear pragmatic, but it risks normalizing a process that has long operated in the shadows, shaped by secrecy and executive discretion.

    As national security law expands, Canadians should ask not just who gets listed, but how those decisions are made and what broader political agendas they might serve.

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

    – ref. Calls to designate the Bishnoi gang a terrorist group shine a spotlight on Canadian security laws – https://theconversation.com/calls-to-designate-the-bishnoi-gang-a-terrorist-group-shine-a-spotlight-on-canadian-security-laws-259844

    MIL OSI –

  • Mansukh Mandaviya kicks off Weightlifting League, says “Mirabai Chanu is the perfect role model”

    Source: Government of India

    Source: Government of India (4)

    The Minister of Youth Affairs and Sports, Dr. Mansukh Mandaviya, inaugurated the 2025 season of the ASMITA League in Modinagar, Uttar Pradesh, on Tuesday. The 2025 season of ASMITA began with the weightlifting league, where 42 girls are participating in eight different weight categories during the two-day event being held in the Open category.

    In the current financial year 2025–26, 852 leagues across 15 sports disciplines have been planned. The leagues, spread across the states and Union Territories, will feature over 70,000 female athletes. Last season, 550 leagues were conducted across 27 sports disciplines, enabling the participation of 53,101 female athletes.

    “It is our mission to create opportunities at every level and then spot talent and groom them. I see there is a lot of fire in the eyes of these kids who have turned up here in Modinagar. I am sure we will be able to find another Mirabai Chanu,” said Mandaviya.

    Tokyo Olympics silver medallist Mirabai Chanu was among the host of dignitaries present at the inauguration of the ASMITA weightlifting league. Boosting the morale of the participants was Minister of State for Youth Affairs and Sports, Raksha Nikhil Khadse.

    “ASMITA is a big pillar in our robust sports programme. Women have demonstrated their ability to excel in sports, and the sky is the limit for them. The intent in the eyes of the kids is something that needs to be cultivated,” said Raksha Khadse.

    “You can’t have a better role model than Mirabai Chanu. Having come from a remote village in Manipur and achieved excellence at the highest levels, she has created a benchmark for all women weightlifters. Her presence should inspire the young girls who are taking part in weightlifting,” said Dr. Mandaviya.

    He also reiterated the government’s “360-degree” commitment to sports and emphasised how this is reflected in the sports budget, which has increased fourfold in the last 10 years.

    “We are looking to reach every corner of India and tell aspiring sportspersons that we now have a pathway for you to rise and shine. Our Khelo Bharat Niti (sports policy) has been designed in this manner, and by collaborating with the National Education Policy, we are giving a lot of impetus to school sports. These efforts will be reflected in the Khelo India calendar that we have created. There will be no dearth of opportunities,” he added.

    Olympian Mirabai said the ASMITA Leagues, which started in 2021, have been a huge boon for women in sports. “Its tiered structure is perfectly scripted. Everyone now has a vision of how to make it to the highest level. We didn’t get such opportunities, and that’s why ASMITA is a blessing for women who want to play a sport and dream big,” said Mirabai.

    IANS

  • MIL-OSI: Leadership Transition at WorldTrips

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 08, 2025 (GLOBE NEWSWIRE) —
    Tokio Marine HCC, based in Houston, Texas, today announced a key leadership transition, effective July 1, 2025, at its travel-focused subsidiary, WorldTrips, a leading provider of travel insurance located in Carmel, Indiana.

    After years of dedicated service and transformational leadership, Mark Carney will transition from his role as CEO of WorldTrips to become its Chairman, where he will continue to shape the company’s strategic direction and support long-term growth initiatives.

    At the same time, Philip Hsia has been appointed CEO of WorldTrips. A proven leader with deep global experience, Hsia has led Tokio Marine HCC’s Global Travel Group, including oversight responsibility of WorldTrips, since 2018. He has been an integral part of the organization’s success and is well-positioned to lead the company through its next phase of innovation and expansion.

    Susan Rivera, Tokio Marine HCC’s CEO, shared the following statement:

    “Mark’s leadership has been foundational to the growth and resilience of WorldTrips. Under his guidance, the company navigated unprecedented challenges, including the global pandemic, and recently completed launching our Cayman Islands insurance operation, positioning WorldTrips for greater flexibility and future scalability.

    I am deeply grateful for Mark’s continued commitment in his new role as Chairman. His focus on long-term strategy and leadership development will remain a vital part of WorldTrips’ ongoing success.

    I’m equally excited to welcome Philip Hsia as the next CEO of WorldTrips. Phil brings proven strategic and managerial expertise with a global perspective. He has our full confidence and support as he steps into this role.”

    The transition follows a strategic succession planning process initiated earlier this year. With the foundation in place, including a broadened product portfolio and enhanced operational agility, WorldTrips is primed to accelerate its mission of helping travelers explore the world with confidence.

    “WorldTrips is entering an exciting new chapter,” added Rivera. “With Mark and Phil in their new roles, I am confident the company will continue to lead with purpose, innovation and a deep commitment to serving customers around the globe.”

    About Tokio Marine HCC
    Tokio Marine HCC is a member of the Tokio Marine Group, a premier global company founded in 1879 with a market capitalization of $74 billion as of March 31, 2025. Headquartered in Houston, Texas, Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Continental Europe. Tokio Marine HCC’s major domestic insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings, ‘A++’ (Superior) from AM Best, and ‘AA-’ (Very Strong) from Fitch Ratings; its major international insurance companies have financial strength ratings of ‘A+’ (Strong) from S&P Global Ratings. Tokio Marine HCC is the marketing name used to describe the affiliated companies under the common ownership of HCC Insurance Holdings, Inc., a Delaware-incorporated insurance holding company. For more information about Tokio Marine HCC, please visit www.tokiomarinehcc.com.

    About WorldTrips
    WorldTrips, located in Carmel, Indiana, is a full-service organization offering a comprehensive portfolio of travel medical and trip protection insurance products designed to address the insurance needs of travelers worldwide. WorldTrips is a member of the Tokio Marine HCC group of companies. For more information about WorldTrips, please visit WorldTrips.com.

    In the State of California, operating as WorldTrips Insurance Services. California Non-Resident Producer License Number: 0G39705.

    Contact: Doug Busker, Vice President – Public Relations
      Tokio Marine HCC
      713-996-1192

    The MIL Network –

  • MIL-OSI: The world’s leading cloud mining brand: BJMining launches a new cloud mining guide

    Source: GlobeNewswire (MIL-OSI)

    London, UK, July 08, 2025 (GLOBE NEWSWIRE) — As the price of Bitcoin stabilizes above $108,000, the entire crypto market is showing a positive recovery trend. Data shows that global investors are gradually shifting from high-risk, high-volatility cryptocurrency speculation to a more sustainable, low-threshold long-term mining income model. As the world’s leading green cloud mining platform, BJMining is taking advantage of the opportunity to launch a new user guide to help ordinary users easily open a new era of passive income from digital assets.

    What is BJMining?

    Founded in 2015, BJMining is a global intelligent cloud mining platform headquartered in the UK. The platform is committed to transforming the traditional complex mining machine construction into a one-stop cloud service, and through AI scheduling system and green energy mines, it provides safe, convenient and high-yield mining solutions for more than 5 million users worldwide.

    BJMining CEO: “Turning mining into a daily income tool for people around the world”

    William Thomas, CEO of BJMining, said: “Cloud mining should no longer be exclusive to the technical elite. Our mission is to create a safe, green, barrier-free long-term income solution for users around the world. The launch of this new guide will further lower the threshold for user participation and help everyone enjoy the dividends of the digital economy.”

    Six core highlights: How BJMining redefines the “mining experience”

    • Register now to enjoy $15 cloud newcomer bonus, truly zero-cost trial mining:
      Users can get a $15 new member reward by registering. They can receive $0.6 in income every day without recharging, and easily experience the real mining process.
    • AI intelligently allocates the best-yield mining machine, no operation required:
      The AI ​​algorithm independently developed by the platform will automatically analyze the real-time currency price, difficulty, and popularity, and dynamically switch to mining assets with the best returns, covering BTC, DOGE, ETH, LTC and other currencies.
    • Global green energy layout to achieve 100% carbon neutrality:
      BJMining has deployed multiple solar- and wind-powered data centers in North America, Europe, Latin America, and the Middle East. All mining machines are powered by renewable energy, ensuring both environmental protection and high efficiency.
    • Diversified contracts can be freely configured to meet different user strategies:
      The platform contracts range from short-term contracts of 2 days to long-term contracts of 45 days, which can meet the diverse needs of miners from novices to experienced miners. Users can combine their positions at any time to optimize the mining income structure.
    • Powerful App management system, income withdrawals are instantly credited to your account:
      BJMining App is now available on both iOS and Android platforms, supporting real-time contract tracking, wallet binding and one-click withdrawal of earnings, with an average withdrawal time of less than 60 seconds.
    • High referral rewards:
      3% for direct referrals and 2% for indirect referrals, with no upper limit on earnings.

    Investor behavior changes: from cryptocurrency speculation to stable mining

    More and more long-term holders of XRP, SOL, ETH, etc. have begun to abandon high-volatility intraday operations and instead choose low-intervention, continuous-yield cloud mining platforms like BJMining as the core way to preserve and increase the value of their assets.

    User feedback shows that BJMining’s medium- and long-term contracts can bring stable returns of up to thousands of dollars per day, especially when the currency price fluctuates or goes sideways, showing strong risk resistance.

    Some of the hot-selling contracts are as follows:

    • WhatsMiner M50S+：Invest $100 for 2 days, total net income is $106;
    • WhatsMiner M60S++：Invest $600 for 7 days, total net income is $652.50;
    • Avalon Miner A1566：Invest $1200 for 15 days, total net income is $1434;
    • WhatsMiner M66S+：Invest $5800 for 30 days, total net income is $8410;
    • Antminer L7：Invest $12000 for 40 days, total net income is $20160;
    • Antminer S21e XP Hyd：Invest $27000 for 45 days, total net income is $48870;

    (All contracts are automatically scheduled by AI, settled daily, and can be flexibly withdrawn)

    Global layout upgraded again, future development blueprint exposed

    In order to serve more users, BJMining will launch the following strategic modules:

    • XRP chain-specific smart mining contracts and cross-chain mining machine adaptation technology
    • Green computing power NFT certification system, showing carbon neutrality footprint online
    • Multi-currency stable income pool, integrating DOGE, BTC, and XRP for joint mining
    • Web3 wallet one-click binding mechanism improves user on-chain asset management experience

    Conclusion:

    As a global green and compliant cloud mining brand, BJMining not only provides new users with a $15 new user bonus, but also opens a new path to financial freedom for everyone in the world. No equipment, no professional knowledge, no need to deal with the drastic fluctuations in the currency market, truly realizing “passive income in the cloud”.

    Register a BJMining account now, receive a $15 new member reward, and start your own mining journey!

    Official website address: https://bjmining.com
    Official email: info@bjmining.com

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

  • MIL-OSI: Topnotch Crypto Unveils Mobile App to Simplify Cloud Mining for Users Worldwide

    Source: GlobeNewswire (MIL-OSI)

    New York, July 08, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto, a global innovator in the cloud mining sector, has officially launched its new mobile application, aimed at making cryptocurrency mining more accessible and user-friendly for everyday users. Now available on both iOS and Android platforms, the app enables individuals to participate in cloud mining directly from their smartphones—no technical expertise or hardware setup required.

    As the blockchain and crypto landscape continues to evolve, accessibility remains a key challenge for many interested in decentralized technologies. The Topnotch Crypto app seeks to lower the entry barrier by offering a streamlined interface, a variety of cloud mining contract options, and real-time tracking of mining activity, all from a mobile device.

    “We developed this app with a simple goal: to bring cloud mining within reach of a global user base,” said a spokesperson for Topnotch Crypto. “By combining intuitive design with powerful infrastructure, we’re enabling users to engage with blockchain technology more easily and sustainably.”

    The app integrates energy-efficient cloud mining operations supported by green energy solutions, reinforcing Topnotch Crypto’s commitment to environmental responsibility. The platform’s automated processes allow mining to operate around the clock, ensuring consistency and convenience for users.

    Features of the Topnotch Crypto App:

    • Intuitive Onboarding: Quick setup and registration for new users.
    • Flexible Contracts: Choose from short-term and long-term cloud mining options.
    • Real-Time Dashboard: Monitor mining activity and performance metrics on the go.
    • Sustainable Approach: Operations powered by renewable energy sources.

    Available Cloud Mining Contracts:

    • Introductory Trial Plan: A free option for first-time users to explore the platform.
    • 7-Day Access Plan: Ideal for short-term engagement.
    • 10-Day Plan: A balanced plan offering moderate duration.
    • 30-Day Plan: Designed for users with long-term mining goals.

    The Topnotch Crypto app is now available for download on iOS and Android. To learn more or to get started, visit: https://topnotchcrypto.com

    About Topnotch Crypto

    Topnotch Crypto is a leading provider of cloud mining services, dedicated to making digital asset technologies accessible worldwide. Through user-focused tools, sustainable infrastructure, and transparent operations, the company continues to expand its footprint in the evolving Web3 space.

    More details

    Click to download the mobile APP

    Official email: info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: Topnotch Crypto Unveils Mobile App to Simplify Cloud Mining for Users Worldwide

    Source: GlobeNewswire (MIL-OSI)

    New York, July 08, 2025 (GLOBE NEWSWIRE) — Topnotch Crypto, a global innovator in the cloud mining sector, has officially launched its new mobile application, aimed at making cryptocurrency mining more accessible and user-friendly for everyday users. Now available on both iOS and Android platforms, the app enables individuals to participate in cloud mining directly from their smartphones—no technical expertise or hardware setup required.

    As the blockchain and crypto landscape continues to evolve, accessibility remains a key challenge for many interested in decentralized technologies. The Topnotch Crypto app seeks to lower the entry barrier by offering a streamlined interface, a variety of cloud mining contract options, and real-time tracking of mining activity, all from a mobile device.

    “We developed this app with a simple goal: to bring cloud mining within reach of a global user base,” said a spokesperson for Topnotch Crypto. “By combining intuitive design with powerful infrastructure, we’re enabling users to engage with blockchain technology more easily and sustainably.”

    The app integrates energy-efficient cloud mining operations supported by green energy solutions, reinforcing Topnotch Crypto’s commitment to environmental responsibility. The platform’s automated processes allow mining to operate around the clock, ensuring consistency and convenience for users.

    Features of the Topnotch Crypto App:

    • Intuitive Onboarding: Quick setup and registration for new users.
    • Flexible Contracts: Choose from short-term and long-term cloud mining options.
    • Real-Time Dashboard: Monitor mining activity and performance metrics on the go.
    • Sustainable Approach: Operations powered by renewable energy sources.

    Available Cloud Mining Contracts:

    • Introductory Trial Plan: A free option for first-time users to explore the platform.
    • 7-Day Access Plan: Ideal for short-term engagement.
    • 10-Day Plan: A balanced plan offering moderate duration.
    • 30-Day Plan: Designed for users with long-term mining goals.

    The Topnotch Crypto app is now available for download on iOS and Android. To learn more or to get started, visit: https://topnotchcrypto.com

    About Topnotch Crypto

    Topnotch Crypto is a leading provider of cloud mining services, dedicated to making digital asset technologies accessible worldwide. Through user-focused tools, sustainable infrastructure, and transparent operations, the company continues to expand its footprint in the evolving Web3 space.

    More details

    Click to download the mobile APP

    Official email: info@topnotchcrypto.com

    Disclaimer: The information provided in this press release does not constitute an investment solicitation, nor does it constitute investment advice, financial advice, or trading recommendations. Cryptocurrency mining and staking involve risks and the possibility of losing funds. It is strongly recommended that you perform due diligence before investing or trading in cryptocurrencies and securities, including consulting a professional financial advisor.

    The MIL Network –

  • MIL-OSI: XAVIER DEROT APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES

    Source: GlobeNewswire (MIL-OSI)

    July 3rd, 2025  

    PRESS RELEASE

    XAVIER DEROT APPOINTED DEPUTY CHIEF EXECUTIVE OFFICER OF MOBILIZE FINANCIAL SERVICES

    Martin Thomas, Chief Executive Officer of Mobilize Financial Services, has announced the appointment of Xavier Derot as Deputy CEO, effective July 1, 2025. This appointment is subject to the approval of the European Central Bank. 

    Xavier Derot, currently VP, Sales and Operations and a member of the Executive Committee of Mobilize Financial Services since September 1, 2024, will take up the role of Deputy CEO alongside Vincent Gellé, starting July 1, 2025. 

    This second appointment aims to strengthen the bank’s governance. 

    About Xavier Derot 

    Xavier Derot, 52, began his career at RCI Banque in 2000 as Head of International Development. 
    A graduate of the Grenoble Graduate School of Business in 1994, he held various positions within RCI Banque, both internationally in three different countries and in corporate functions. 
    Among these roles, he notably managed the bank’s relationship with Nissan from 2006 to 2010 and served as Regional Operations Director for RCI Banque’s G10 and Euromed subsidiaries. 
    Abroad, Xavier served as Managing Director of the German subsidiary and then of RN Bank Russia—the joint venture between RCI Bank-Nissan and UniCredit in Russia—between 2013 and 2022. Since October 2022, Xavier has held the position of International Director of Mobilize Financial Services, overseeing operations in 12 countries within the Group. 
    Since September 1, 2024, he has served as VP, Sales and Operations on the Executive Committee of Mobilize Financial Services. 
    Xavier is married and has two children. 

    Contact

    About Mobilize Financial Services    
    Attentive to the needs of all its customers, Mobilize Financial Services, a subsidiary of Renault Group, creates innovative financial services to build sustainable mobility for all. Mobilize Financial Services, which began operations over 100 years ago, is the commercial brand of RCI Banque SA, a French bank specializing in automotive financing and services for customers and networks of Renault Group, and also for the brands Nissan and Mitsubishi in several countries. 
    With operations in 35 countries and over 4,000 employees, Mobilize Financial Services financed more than 1,2 million contracts (new and used vehicles) in 2023 and sold 3,7 million service contracts. At the end of December 2024, average earning assets stood at 61 billion euros of financing and pre-tax earnings at 1 194 million euros.
    Since 2012, the Group has deployed a deposit-taking business in several countries. At the end of December 2024, net deposits amounted to 30,5 billion euros, or 50 % of the company’s net assets.    
    To find out more about Mobilize Financial Services: www.mobilize-fs.com/   

    Attachment

    The MIL Network –

  • Novartis wins approval for first malaria drug for newborns and babies

    Source: Government of India

    Source: Government of India (4)

    Novartis said on Tuesday it had received approval in Switzerland for Coartem Baby, which it said was the first drug to treat malaria in babies and very young children.

    Eight African countries who participated in the assessment are now expected to issue quick approvals for the treatment, which is also known as Riamet Baby in some countries.

    Novartis launched Coartem to treat malaria in 1999, with a new dose strength now designed for small babies.

    The treatment was developed with scientific and financial support from Medicines for Malaria Venture (MMV), a Swiss non-profit group working to deliver medicines to treat, prevent and eliminate the disease that is spread by mosquitoes.

    The new infant version of Coartem is dissolvable, including in breast milk, and has a sweet cherry flavour to make it easier to administer.

    Until now, there has been no approved malaria treatment for infants weighing less than 4.5 kilograms (9.9 pounds), leaving a treatment gap, Novartis said.

    Currently available malaria treatments have only been tested in children at least six months old, because the very young are usually excluded from treatment trials.

    Previously, infants have used formulations meant for older children, increasing the risk of overdose. Malaria vaccines are also not approved for the youngest babies.

    The eight countries that took part in the assessment were Burkina Faso, Ivory Coast, Kenya, Malawi, Mozambique, Nigeria, Tanzania and Uganda.

    Around 30 million babies are born in areas of malaria risk in Africa every year, with one survey across West Africa reporting infections ranging between 3.4% and 18.4% in infants younger than six months old, Novartis said.

    The treatment will be distributed on a largely not for profit basis, Novartis said.

    “Together with our partners, we are proud to have gone further to develop the first clinically proven malaria treatment for newborns and young babies, ensuring even the smallest and most vulnerable can finally receive the care they deserve,” said Novartis CEO Vas Narasimhan.

    -REUTERS

  • MIL-OSI Asia-Pac: FS meets finance sector in Seoul

    Source: Hong Kong Information Services

    Financial Secretary Paul Chan today began his visit to Seoul, Korea, by meeting Bank of Korea Governor Rhee Chang-yong and Korea Investment Corporation President & Chief Executive Officer Park Il-young.

    Upon arrival in the afternoon, Mr Chan visited the Bank of Korea, the country’s central bank, and met Governor Rhee Chang-yong to discuss the developments in finance, trade and economic landscapes of the two places, in the region and around the globe.

    They also exchanged views on monetary and interest rate policies and investment trends.

    During the meeting, Mr Chan shared the latest developments in Hong Kong, particularly the continuous capital inflow to Hong Kong’s financial system, reflecting international investors’ confidence in Hong Kong in the current international environment.

    Mr Chan said that Hong Kong maintains a free and open economic and financial system as well as the Linked Exchange Rate System under the “one country, two systems” principle. He also highlighted that Hong Kong’s unique advantage of being connected to the Mainland and the world, as well as its highly internationalised characteristics, is further attracting more international participants and capital to enjoy opportunities brought by developments in China.

    Hong Kong’s international ties are continuously deepening, Mr Chan added.

    Thereafter, the finance chief visited the Korea Investment Corporation (KIC) and met its President & Chief Executive Officer Park Il-young to have an in-depth exchange of opinions on various issues of mutual concern, such as trends of investment markets, asset allocation strategies and digital asset developments.

    The KIC was established by the Korean government in 2005, responsible for managing part of Korea’s foreign exchange reserves and other public funds for overseas investments. Currently, over US$200 billion of assets are under its management.

    Mr Chan shared the recent developments in Hong Kong’s economic and financial markets, and its important role in connecting capital and investors from China and around the globe.

    He pointed out that Hong Kong’s capital market is closely connected to the Mainland’s innovation and technology (I&T) ecosystem. The recent stock market is vibrant, with many leading Mainland I&T enterprises having listed or planning to list in Hong Kong. To international investors, Hong Kong serves as a highly effective gateway to tap into I&T opportunities in Greater China.

    Mr Chan welcomed Korean capital to better use the Hong Kong market to allocate international investments and jointly seize the vast business opportunities of I&T developments.

    In the evening, Mr Chan had dinner with leaders in Korea’s digital asset industry, where he shared Hong Kong’s developments and opportunities in digital assets.

    He also encouraged the local industry to actively participate in the Hong Kong market and jointly explore and expand more applications and developments in digital assets.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Railway financial scheme approved

    Source: Hong Kong Information Services

    The Transport & Logistics Bureau and the MTR Corporation have executed the Part 1 Project Agreement, subsequent to the approval of the financial arrangement for Part 1 of the Northern Link (NOL) Project by the Chief Executive in Council today.
     
    Supported by an independent checking consultant, the Government critically examined the financial estimates provided by the corporation in relation to Part 1 of the NOL Project, and verified that the capital cost estimate is about $31.4 billion (in July prices).
     
    Noting that the NOL Project embodies significant strategic value, the Government said that it has decided to make major breakthroughs to enhance the project’s speed and efficiency.
     
    It explained that it would take forward the project through a holistic planning and staged implementation strategy, planning the NOL Spur Line in combination with the NOL Main Line as one project to achieve synergies and realise cost savings.
     
    The project would be implemented under a two-part approach to expedite progress. The execution of the Part 1 Project Agreement at this juncture could propel the project forward immediately, and in parallel carry out the detailed planning and design as well as statutory procedures for the NOL Spur Line.
     
    In the spirit of innovating continuously, the Government is pursuing various strategies for reducing cost and accelerating project delivery, which would be implemented as soon as possible.
     
    Such strategies include leveraging Mainland approaches and capabilities in construction on account of the cross-boundary element of the project, and setting up a dedicated team in the Highways Department to handle building submissions in a manner to streamline the overall project workflow and expedite procedures.
     
    These initiatives will not only improve the construction efficiency of the cross-boundary NOL Spur Line, but may also benefit the NOL Main Line to a certain extent, the Government said.
     
    By adopting a result-oriented mindset, the construction efficiency will also be improved with railway-related Mainland standards, practices and resources, substantially bringing forward the planning of the NOL Spur Line.
     
    The target is to commission the NOL Spur Line together with the NOL Main Line by 2034 or earlier, which is about two years earlier than what was originally envisaged, the Government added.
     
    The Chief Executive in Council approved the grant of sites at Kam Sheung Road Station Phase 2; Fanling North Area 13 (East) and Area 16; Kwu Tung North Area 22 (East), Area 26 (West), Area 14 and Area 15; as well as San Tin Area 4D, Area 6A and Area 2A to the MTR Corporation for residential and commercial development under the “Rail-plus-Property” model.
     
    A total fixed lump sum of $39.05 billion, in money-of-the-day prices, would be deducted from the full market value land premium of the sites assessed on a “with-railway” basis in the future as funding support to the corporation in implementing Part 1 of the NOL Project.
     
    The execution of the Part 1 Project Agreement today would immediately kick-start works that are more ready and time-critical, including the civil and structural works of two sections of the NOL Main Line from the Kam Sheung Road Station to the intersection with the approach tunnels to Ngau Tam Mei Depot and from the San Tin Station to the Kwu Tung Station.
     
    The MTR Corporation is required to carry out the detailed planning and design of the NOL Spur Line simultaneously, including statutory procedures relating to the environmental impact assessment and railway scheme gazettal, and strive for completion as early as possible.

    MIL OSI Asia Pacific News –