Category: Economy

  • MIL-OSI Australia: Meet the 2024 Canberra Citizen of the Year

    Source: Northern Territory Police and Fire Services

    Hannah Andrevski, Roundabout Canberra founder and CEO and 2024 Canberra Citizen of the Year.

    Roundabout Canberra founder and CEO Hannah Andrevski has been named the 2024 Canberra Citizen of the Year in recognition of her commitment to supporting families in need.

    Hannah founded Roundabout Canberra in 2018 after trying to find a service where she could donate pre-loved belongings her children no longer needed.

    The Holt-based charity provides safe, essential baby and children’s items to families across the ACT and its surrounds. This year alone, Roundabout Canberra has helped hundreds of children and gifted thousands of items – with each family’s dignity always upheld.

    Items donated to Roundabout are cleaned, sorted and safety checked. From there, the charity works with more than 500 social workers and support workers from more than 100 organisations in Canberra and the surrounding regions to distribute the items to families in need.

    Locations that items are delivered to include:

    • public hospitals
    • women’s and domestic violence refuges
    • migrant and refugee support services and more.

    The name of the charity is more than just a nod to Canberra’s love of roundabouts. Roundabout reflects a mission to reduce waste and a commitment to a circular economy, where items are passed from one child to another.

    Hannah was a 2019 Westfield Local Hero and a nominee for the 2020 ACT Local Hero award. She also won the Galent Management Consulting Profound Influence Award at the 2019 Volunteering Awards, Canberra Region.

    “It’s hard to express how much this award means to me,” Hannah said.

    “I’m a very proud and passionate Canberran, having grown up here, and now raising my own family here. I care deeply about our community and want to play a role in making it a better place for all of us to live.

    “It’s a privilege to get to do what I do – to provide much needed support to families in our community in a way that upholds their dignity.”


    Get ACT news and events delivered straight to your inbox, sign up to our email newsletter:


    MIL OSI News

  • MIL-OSI Security: All Three Defendants Plead Guilty in Multimillion-Dollar Scheme to Defraud Automobile Auction

    Source: Federal Bureau of Investigation (FBI) State Crime News

    NASHVILLE – On Monday, March 31, 2025, defendant Brian Baker, 53, of Mount Juliet, Tenn., pled guilty to all charges against him for a wire fraud and money laundering scheme to defraud an automobile auction business in Murfreesboro, Tennessee. The other co-defendants, Stephanie Louise Baker, 54, of Mount Juliet, Tenn. and Jerry W. Hutchins, 50, of Dowelltown, Tenn., each pled guilty last week to all charges against them stemming from their involvement in the same wire fraud and money laundering scheme.

    “I commend the effort of the prosecutors from our office who are holding these thieves accountable for their crimes,” said Robert E. McGuire, Acting United States Attorney for the Middle District of Tennessee. “We will continue to tirelessly seek justice for those affected by economic crimes here in our community.”

    “IRS Criminal Investigation is committed to unraveling intricate financial transactions and money laundering schemes where individuals attempt to conceal the original source of their money,” said Special Agent in Charge Donald “Trey” Eakins, Charlotte Field Office, Internal Revenue Service Criminal Investigation. “IRS Criminal Investigation, along with our law enforcement partners and the United States Attorney’s Office, will vigorously pursue those individuals who willfully try to enrich themselves by fraudulent means.”

    “These defendants used fake transactions to operate a wire fraud and money laundering scheme to illegally enrich themselves,” said Special Agent in Charge Joseph E. Carrico of the FBI Nashville Field Office. “The FBI remains vigilant in the fight against fraud and will bring those who cheat and steal to justice.”

    The federal indictment, returned by the grand jury in October 2023, had charged Stephanie Baker and Brian Baker, who are married, and Hutchins with a wire fraud conspiracy and money laundering conspiracy. The indictment also charged all three defendants with substantive offenses for acts of money laundering.  According to the indictment, between February 2017 and November 2018, Stephanie Baker was the General Manager of the Dealers Auto Auction Group’s Murfreesboro auction location. Brian Baker and Jerry Hutchins each owned and operated used car dealerships and did business at the auction. The defendants devised a scheme to defraud Dealers Auto Auction Group, LLC by creating fake transactions to make it appear that the defendants’ businesses had sold cars at the auction and were entitled to receive funds from Dealers Auto Auction Group, when in fact the defendants had not sold vehicles at the auction. Based on the fake transactions, Stephanie Baker caused Dealers Auto Auction Group to issue checks to Brian Baker’s and Hutchins’ businesses. Then, on a rolling basis each month, the defendants would create additional fake transactions using the same vehicles in order to conceal the original fraud and avoid detection. Brian Baker and Hutchins then converted proceeds of the fraud scheme for their own personal use and benefit.

    As a result of this scheme, the defendants defrauded Dealers Auto Auction Group of more than $2 million.

    The three defendants are scheduled to be sentenced on September 11, 2025. The defendants face up to 20 years in prison for the wire fraud conspiracy, the money laundering conspiracy, and the concealment money laundering offenses, and up to 10 years in prison for domestic transaction money laundering. The indictment also contains a forfeiture allegation in which the government seeks to forfeit any property derived from the proceeds of the crimes, including a money judgment in the amount of at least $2,041,170 from Stephanie Baker, $1,357,310 from Brian Baker, and $683,830 from Jerry Hutchins.

    This case was investigated by the IRS-Criminal Investigation and the Federal Bureau of Investigation. Assistant U.S. Attorneys Chris Suedekum and Nani M. Gilkerson are prosecuting the case.

    # # # # #

    MIL Security OSI

  • MIL-OSI Security: Orange, Texas, Man Guilty of Federal Violation in Investment Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime News

    BEAUMONT, Texas – An Orange, Texas man has pleaded guilty to a federal violation related to a fraud scheme in the Eastern District of Texas, announced Acting U.S. Attorney Abe McGlothin, Jr.

    Bradley Morgan Holts, 54, pleaded guilty on March 31, 2025, to wire fraud before U.S. Magistrate Judge Zack Hawthorn.

    According to information presented in court, Holts, a financial advisor and stockbroker, was previously a financial advisor at Capital One Bank and World Capital Brokerage. In 2021, Holts opened a bank account in the name “Bradley Morgan Holts dba Invesco Investment Texas” (ITT).  Using this account, Holts deceived investors intending to make investments in Invesco, Ltd., a global investment firm, and used the client funds for his own personal use.

    Holts faces up to 20 years in federal prison at sentencing.  The maximum statutory sentence is prescribed by Congress and is provided here only for informational purposes. The ultimate sentence will be determined by the court, based on advisory sentencing guidelines and other statutory factors.  A sentencing hearing will be scheduled after the completion of a presentence investigation by the U.S. Probation Office.

    This case is being investigated by FBI’s Beaumont Field Office and prosecuted by Assistant U.S. Attorneys Chris Jackson and Reynaldo P. Morin.

    ###

    MIL Security OSI

  • MIL-OSI: Waton Financial Limited Announces Closing of Initial Public Offering with Simultaneous Full Exercise of the Over-Allotment Option

    Source: GlobeNewswire (MIL-OSI)

    HONG KONG, April 02, 2025 (GLOBE NEWSWIRE) — Waton Financial Limited (“WTF” or the “Company”), a British Virgin Islands-incorporated holding company that provides securities brokerage and financial technology services primarily through its Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited, today announced the closing of its initial public offering of 4,375,000 ordinary shares, no par value per share (the “Ordinary Shares”), at a public offering price of $4.00 per share (the “Offering”) on April 2, 2025 (the “Closing Date”). The gross proceeds of the Offering were $17,500,000, before deducting underwriting discounts and commissions and offering expenses. The Ordinary Shares began trading on the Nasdaq Capital Market under the ticker symbol “WTF” on April 1, 2025.

    On the Closing Date, the Company also closed the sale of an additional 656,250 Ordinary Shares, pursuant to the full exercise of the over-allotment option granted to the underwriters in connection with the Offering, at the public offering price of $4.00 per share. As a result, the Company has raised additional gross proceeds of $2,625,000, before deducting underwriting discounts and offering expenses.

    The Offering was conducted on a firm commitment basis. CATHAY SECURITIES, INC. acted as representative of the underwriters for the Offering, with Dominari Securities LLC acting as co-underwriter (collectively, the “Underwriters”). Carey Olsen Singapore LLP, Han Kun Law Offices LLP and Hunter Taubman Fischer & Li LLC acted as British Virgin Islands legal counsel, Hong Kong legal advisers and U.S. securities counsel, respectively, to the Company. Kaufman & Canoles, P.C. acted as U.S. securities counsel to the Underwriters for the Offering.

    The Offering was conducted pursuant to the Company’s Registration Statement on Form F-1 (File No. 333-283424) previously filed with and subsequently declared effective by the U.S. Securities and Exchange Commission (“SEC) on March 31, 2025. The Offering was made only by means of a final prospectus, copies of which may be obtained from Cathay Securities, Inc. at 40 Wall Street, Suite 3600, New York, NY 10005, or by telephone at +1 (855) 939-3888.

    This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.

    About Waton Financial Limited Inc. (“Waton”)

    Waton Financial Limited is a British Virgin Islands-incorporated holding company with operations primarily conducted through its wholly-owned subsidiaries in Hong Kong, Waton Securities International Limited and Waton Technology International Limited. Waton provides a suite of financial services, including securities brokerage, asset management, and software licensing and other support services, catering to a diverse clientele of retail and institutional investors. Waton leverages technology and a client-centric approach with the aim to deliver innovative and reliable financial solutions.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Certain statements in this press release are “forward-looking statements” as defined under the federal securities laws, including, but not limited to, statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs, including the expectation that the Offering will be successfully completed. Investors can find many (but not all) of these statements by the use of words such as “believe”, “plan”, “expect”, “intend”, “should”, “seek”, “estimate”, “will”, “aim” and “anticipate”, or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

    For further information, please contact:

    Waton Financial Limited 
    Investor Relations Department
    Email: ir@waton.com

    The MIL Network

  • MIL-OSI: Orocidin’s QR-01 Shows Positive Results in Treating Periodontitis in Dogs

    Source: GlobeNewswire (MIL-OSI)

    BEVERLY HILLS, California, April 02, 2025 (GLOBE NEWSWIRE) — Orocidin A/S (“Orocidin”), a subsidiary of Nordicus Partners Corporation (OTCQB: NORD) (“Nordicus” or the “Company”), a financial consulting company specializing in supporting Nordic and U.S. life sciences companies in establishing themselves in the U.S. market, today announced positive efficacy results for its lead periodontitis candidate, QR-01, in a preclinical study involving dogs diagnosed with periodontitis.

    The 13-day small efficacy study was conducted on beagle dogs with clinically confirmed periodontitis. and demonstrated consistent improvements across key clinical endpoints, including the Gingival Index, the Plaque Index and overall periodontal Disease. The animals were fasted for a minimum of 8 hours prior to assessment of the efficacy.

    Importantly, QR-01 was well tolerated, with no adverse side effects reported throughout the treatment period.

    “I am pleased to report that all dogs in the study showed encouraging and consistent responses to the treatment. This represents a significant milestone for Orocidin’s lead product, QR-01 and strengthens our confidence as we prepare for the upcoming human pilot efficacy study, planned to begin by the end of 2025,” said Allan Wehnert, CEO & Founder of Orocidin.

    For further information, contact:
    Mr. Henrik Rouf
    Chief Executive Officer
    hr@nordicuspartners.com
    Tel +1 310 666 0750

    About Orocidin

    Orocidin’s mission is to develop the preferred treatment against aggressive periodontitis. Our innovative therapeutic agent, QR-01, distinguishes itself through its unique ability to provide treatment of both inflammation and bacterial infection.

    About Nordicus Partners Corporation

    Nordicus Partners Corporation is the only U.S. publicly traded business accelerator and holding company for Nordic life sciences companies. Leveraging decades of combined management experience in domestic and global corporate sectors, Nordicus excels in corporate finance activities including business and market development, growth strategies, talent acquisition, partnership building, capital raising, and facilitating company acquisitions and sales. In 2024, Nordicus acquired 100% of Orocidin A/S, a Danish preclinical-stage biotech company developing next-generation therapies for periodontitis and 100% of Bio-Convert ApS, a Danish preclinical-stage biotech company dedicated to revolutionizing the treatment of oral leukoplakia. For more information about Nordicus, please visit: www.nordicuspartners.com, and follow us on LinkedIn, X, Threads and BlueSky.

    Cautionary Note Regarding Forward-Looking Statements:

    This press release may contain forward-looking statements that involve substantial risks and uncertainties. You can identify these statements by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” or the negatives thereof or other variations thereon or comparable terminology. You should read statements that contain these words carefully because they discuss our plans, strategies, prospects and expectations concerning our business, operating results, financial condition and other similar matters. We believe that it is important to communicate our future expectations to our investors. There may be events in the future, however, that we are not able to predict accurately or control. Any forward-looking statement made by us in this press release speaks only as of the date on which we make it. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. 

    The MIL Network

  • MIL-OSI: Amalgamated Bank Partners with Allectrify to Close First Adjustable-Rate C-PACE Transaction in Oklahoma County

    Source: GlobeNewswire (MIL-OSI)

    OKLAHOMA CITY, April 02, 2025 (GLOBE NEWSWIRE) — Amalgamated Bank, a subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), today announced the successful closing on the first adjustable-rate financing under the Oklahoma County C-PACE Program for the Alley North Office development, using Allectrify’s FASTPACE Platform for C-PACE financing.

    The development is a marquee project in the Alley North redevelopment district, the site of Oklahoma City’s historic “Automobile Alley.” The building will be the first multi-story mass timber office building in the state and will help anchor the new mixed-use district, strategically located along a planned regional transit line. The building will serve as the headquarters for C.H. Guernsey & Company, a leading diversified engineering, architectural, and consulting services firm.

    Amalgamated Bank’s C-PACE financing will fund the high-efficiency glazing system which will support the overall efficiency of the building once completed. The incorporation of glass and windows with high-efficiency glazing helps maximize natural light while reducing heating and cooling energy demand. More broadly, the project emphasizes sustainability and incorporates human-centered design principles to support occupants’ health and well-being.

    “This is a great example of expertise and ingenuity working in concert to facilitate the first adjustable-rate C-PACE deal in Oklahoma County,” said Sam Brown, Chief Banking Officer at Amalgamated Bank. “As part of our ongoing partnership with Allectrify, we look forward to successfully executing more C-PACE deals, providing borrowers with a financial product that allows the implementation of proven methods for reducing energy consumption in new construction.”

    “We are thrilled to have closed this innovative development project on our FASTPACE platform with Amalgamated Bank. FASTPACE offers borrowers greater flexibility and more efficient execution for projects of all sizes,” said Colin Bishopp, Allectrify CEO. “The Alley North Office development is a prime example of this capability. We are proud to support the first adjustable-rate financing in Oklahoma County, providing unique flexibility for transaction parties, for a project of this caliber and impact.”

    C-PACE (Commercial Property Assessed Clean Energy) financing supports long-term, competitive financing for commercial property owners investing in building energy performance, resiliency, and water conservation. This is the first project closed in Oklahoma County to incorporate the adjustable-rate structure, which enables the interest rate to reset at predetermined intervals.

    About Amalgamated Bank:

    Amalgamated Bank, the wholly owned banking subsidiary of Amalgamated Financial Corp. (Nasdaq: AMAL), is a mission-driven New York-based full-service commercial bank and a chartered trust company with a combined network branches in New York City, Washington D.C., San Francisco, and Boston. Amalgamated Bank provides commercial and retail banking products, investment management and trust and custody services, and lending services. Since their founding in 1923, Amalgamated Bank is diligent in fulfilling their mission to be America’s socially responsible bank, empowering organizations and individuals to advance positive change. The businesses that Amalgamated Bank focus’ on are generally mission aligned with our core values, including sustainable companies, clean energy, nonprofits, and B Corporations. www.amalgamatedbank.com.

    About Allectrify, PBC:

    C-PACE made simple for lenders and borrowers. Allectrify’s FASTPACE platform enables banks, credit unions, CDFIs and non-bank lenders to offer C-PACE financing quickly and easily, at no cost to the lender and with reduced transaction costs for borrowers. Through Allectrify’s network of FASTPACE lenders, borrowers can access C-PACE financing for projects of all sizes. https://allectrify.com/.

    Contact Information:

    Ayele Ajavon
    For Amalgamated Bank
    929-979-5811
    media@amalgamatedbank.com 

    Lainie Rowland
    For Allectrify
    973-908-9304
    lainie@allectrify.com 

    The MIL Network

  • MIL-OSI USA: Congressman Maxwell Frost Takes Orlando’s Questions on Future of Democratic Party, Lowering Costs, Federal Funding Freezes and More on Reddit

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

    April 02, 2025

    Congressman Frost’s Ask Me Anything (AMA) received over 81,000 views, 1,000 upvotes, and over 350 comments and questions from Redditors in Central Florida.

    ORLANDO, FL — Congressman Maxwell Alejandro Frost (FL-10) joined Reddit users on the r/Orlando subreddit this past Friday to answer questions from Central Floridians concerned about the latest actions from the Trump Administration and what the Congressman is doing to fight back on various issues. Users asked various questions about the state of the economy, the dismantling of federal agencies, federal funding cuts to crucial programs, and the future of the Democratic party.

    In case you missed it, here are some of the highlights:

    During the AMA, one user asked the Congressman: Do House Democrats have a plan to offer an alternative to Trump’s economic policy?

    Congressman Frost replied: “My belief is that we can’t just oppose Trump’s billionaire takeover, we must provide our vision. The vision must be based in the reality that most working people are facing: shit is too expensive and living is unaffordable. Nobody wants to hear about how we’ll marginally make things better, they want bold, transformational change. 

    Expanding Medicare to cover all Americans so no one has to decide between a medical bill and their rent. Speaking of rent, ensuring that we up the inventory of affordable housing and pass robust protections for renters. Holding corporations accountable for price gouging and price fixing which is contributing to the high costs of living. Raising the minimum wage because nobody can live off of $7.25 an hour. We have a great thing going for us because our agenda is popular. We must forcibly oppose this billionaire takeover and in the next breath, give our vision. 

    We’re fighting to reclaim this narrative back and to put forward real solutions to give people results. While the Republicans are focused on covering up their SignalGate scandal, Democrats are working on lowering costs. I have been championing price-lowering legislation to fix the property insurance price crisis, decrease grocery prices, ban excessive hidden fees in rental housing, cap the cost of prescription drugs, including EpiPens, and help our community save on medical bills during hurricanes.”

    Another user whose daughters’ school will be losing a large portion of their Title I funding asked the Congressman: I worry that the school will lose their free lunches program. I’m fortunate enough that that won’t affect my children personally, but there will be plenty of children affected. What are you doing to fight back for education? 

    Congressman Frost replied: “Title I funding is especially important in a state like Florida, where the state government not only shows disinterest in the needs of marginalized communities, but is actively trying to dismantle public education.  

    I am proud to be the son of a retired public school teacher. My mom taught special needs students for 37 years. In February, when it was clear that the Department of Education was under threat, I marched with other Members of Congress to the Department’s doors. It took Department of Homeland Security officers in body armour to keep us out. No matter what Trump says, it will take an act of Congress to truly dismantle the Department of Education, so it is incredibly important that elected officials know how unpopular that goal is. I have been working to organize people in that effort. Parents, teachers, school administrators need to let their elected officials at all levels know that they oppose Trump’s desire to abolish the Department of Education. Making progress at the state level in Florida is hard, which makes a strong Department of Education even more important.”

    Another Reddit user asked: I am concerned about Second Harvest getting its government support cut. Is there anything you can do to help?

    Congressman Frost replied: “For folks who are catching up on this news, this week the Trump Administration canceled shipments of food for Second Harvest, and we just found out it’s likely not a temporary cut. Being hungry is a tragic and terrible experience that harms people’s physical and mental health and Second Harvest plays such an important role in preventing that. I was able to secure $200,000 for Second Harvest to help them save money on their monthly energy costs to store food, but I’m going to continue to fight for resources for our partner. Over 300 local partners in my district (churches, food pantries, etc.) rely on Second Harvest to help them get food out to our community and the individuals and families that need it.”

     

    ###

     

    MIL OSI USA News

  • MIL-OSI USA: Tariffs Work — and President Trump’s First Term Proves It

    US Senate News:

    Source: The White House
    For the first time in decades, the United States will see fair trade as President Donald J. Trump announces tariffs to level the playing field for American workers and businesses.
    Despite the rhetoric from politicians and the media, studies have repeatedly shown tariffs are an effective tool for achieving economic and strategic objectives — just as they did in President Trump’s first term.
    A 2024 study on the effects of President Trump’s tariffs in his first term found that they “strengthened the U.S. economy” and “led to significant reshoring” in industries like manufacturing and steel production.
    A 2023 report by the U.S. International Trade Commission — which analyzed the effects of President Trump’s Section 232 and 301 tariffs on more than $300 billion of U.S. imports — found the tariffs reduced imports from China, effectively stimulated more U.S. production of the affected goods, and had very minor effects on downstream prices.
    According to the Economic Policy Institute, the tariffs implemented by President Trump during his first term “clearly show[ed] no correlation with inflation” and had only a fleeting effect on overall prices.
    Economic Policy Institute: “Following implementation of Sec. 232 measures in 2018—and prior to the global downturn in 2020—U.S. steel output, employment, capital investment, and financial performance all improved. In particular, U.S. steel producers announced plans to invest more than $15.7 billion in new or upgraded steel facilities, creating at least 3,200 direct new jobs, many of which are now poised to come online.”

    An analysis by the Atlantic Council found that “tariffs would create new incentives for US consumers to buy US-made products.”
    Former Biden Secretary of the Treasury Janet Yellen affirmed last year that tariffs do not raise prices: “I don’t believe that American consumers will see any meaningful increase in the prices that they face.”
    A 2024 economic analysis found that a global tariff of 10% would grow the economy by $728 billion, create 2.8 million jobs, and increase real household incomes by 5.7%.
    President Trump’s first term steel tariffs led to thousands of jobs gains in the metal industry, along with wage increases.
    The tariffs were hailed as a “boon” for Minnesota’s iron ore industry, with state officials crediting them for bolstering the local economy.
    Steel and aluminum imports drastically decreased during President Trump’s first term, falling by nearly one-third from 2016 to 2020.
    The tariffs led to a wave in investment across the United States, with more than $10 billion committed to build new mills.

    The Hill: “The Trump tariffs keep working, to the consternation of many economists”
    S&P Global: “Global Trade At A Crossroads: Trump Tariffs Forge Better Credit Quality For U.S.-Based Steel And Aluminum Producers With A Protectionist Stance”
    IndustryWeek: “Tariffs Are Keeping US Steel Production Strong”
    “With steel imports down, America’s steelmakers have started investing at home. In addition to Nucor and US Steel, companies like Cleveland-Cliffs, Steel Dynamics, CMC, and AK Steel have invested billions of dollars in at least 16 major new projects throughout the nation. The top five US steel companies more than doubled their total annual investments between 2017 to 2019, from $1.5 billion to $4.2 billion.”

    Predictably, the media was wrong.
    PBS (2018): “Trump tariffs may imperil a delicate global economic rebound”
    “President Donald Trump’s announcement Thursday that the United States would impose heavy tariffs on imported steel and aluminum — with some countries potentially exempted — suddenly raised a fear that few had anticipated: That U.S. tariffs could trigger a chain of tit-for-tat retaliation by America’s trading partners that could erupt into a full-blown trade war and possibly threaten the global economy.”

    NPR (2018): “Trump Plan To Impose Tariffs on Steel, Aluminum Raises Trade War Fears”
    “Chad Bown, an economist and trade specialist, says the tariffs will drive up the price of steel and aluminum for the multiple other industries that use the metals. Those industries actually employ more people than the steel and aluminum sectors, he says, ‘so this is a really big concern, just from an economic perspective.’”

    The New Yorker (2019): “Trump’s Trade War Could Make the Trump Recession a Reality”
    “What we do know for sure is that, the longer Donald Trump persists in his trade war, the greater the chances are of an outright slump developing.”

    Politico (2018): “Trump blasted at home and abroad for plan to impose steel, aluminum tariffs”
    “President Donald Trump’s decision to impose tariffs of 25 percent on steel imports and 10 percent on aluminum reverberated across the world Thursday, spurring retaliatory threats from some of the nation’s closest allies and sending stock prices plummeting on investors’ fears of the global economic fallout.”

    MIL OSI USA News

  • MIL-OSI USA: Chairman Aguilar: Trump’s incompetence is jeopardizing our national security, crashing the economy and dismantling Social Security

    Source: US House of Representatives – Democratic Caucus

    The following text contains opinion that is not, or not necessarily, that of MIL-OSI – April 01, 2025

    WASHINGTON, D.C. — Today, House Democratic Caucus Chair Pete Aguilar was joined by House Permanent Select Committee on Intelligence Ranking Member Jim Himes, House Armed Services Committee Ranking Member Adam Smith and Rep. Chrissy Houlahan for a press conference on the Trump Administration national security team sharing classified information in a group chat, and how that same incompetence is leading America towards a recession.

    CHAIRMAN AGUILAR: Good morning. It has become increasingly clear that the Trump Administration’s incompetence is jeopardizing our national security, crashing the American economy and dismantling Social Security.

    Secretary of Defense Hegseth must resign for his role in sharing classified war plans. This is a scandal that feels a little more like The Onion than the Atlantic, but he should be fired. But the White House’s carelessness is not isolated to our national security—it’s also having a negative impact on our economy. This carelessness and recklessness of Donald Trump is moving next to imposing tariffs, which have been suggested now that there are 40% chance that the economy crashes into a recession next year, according to Moody’s. They have not taken a single step toward bringing down the high cost of living. In fact, the President of the United States said he couldn’t care less if prices go up. Now, the stock market is crashing and inflation is rising. Hard-working Americans just want a little breathing room and some stability in their busy lives, but what they’ve received from Donald Trump is chaos, confusion and corruption. 

    Later today, House Democrats will hold a hearing on how Trump and Elon Musk are dismantling Social Security. Services are being cut and for the first time in our nation’s history, there is a very real concern that Americans won’t receive the benefits on time that they have paid into. And despite what the Commerce Secretary says, seniors aren’t fraudsters if they get mad—they’ve earned those benefits. 

    They’re doing all of this to help pay for tax giveaways for billionaires and Elon Musk,
    This isn’t about rooting out waste, fraud and abuse. This is about upending the status quo—these are unserious people looking out for themselves, their allies and their political
    donors. If the President doesn’t fix this incompetence, the consequences for our national
    security, our economic security, will be devastating. 

    Now, I’ll yield to the Ranking Member on Intelligence, Jim Himes.

    RANKING MEMBER HIMES: Thanks, Pete, and good morning. The White House Press Secretary’s efforts notwithstanding to sweep this scandal under the carpet, there is a lot of work yet to be done. 

    Since we learned about the disclosures from Jeffrey Goldberg in the Atlantic, the story has, of course, gotten larger. We hear press reports that an allied country provided targeting information and that they were pretty upset about the disclosure of that information. That is something that we need to follow up on, and we still, at this point, as the entity charged with oversight of these things, have no accounting of the breach other than what we’ve gotten from Jeffrey Goldberg at the Atlantic. Now, I know that Mr. Goldberg was being very, very careful in what information he put out there. So, at this moment, we don’t even know what information was in the Signal chat. So again, the White House Press Secretary’s efforts notwithstanding. The law requires the Director of National Intelligence to undertake an investigation and to report that investigation, the results of that investigation to the Senate and the House Intelligence Committee. Needless to say, we have seen nothing. 

    We the Democrats on the House Intelligence Committee issued a letter yesterday asking those questions and asking for an investigation, a real investigation—not something that the White House Press Secretary cooks up out of thin air—with those results reported to the Intelligence Committees, as the law would dictate. And I’ll just point out before handing this over to the Ranking Member of the House Armed Services Committee, it’s not just the law. It’s what anyone else associated with the Department of Defense or with the intelligence community would see done if they, in fact, were putting extremely sensitive information that should have been classified if it was not on an unclassified Signal chat here. There would have been a stand down. There would have been a full investigation. The results and the damage of that, of that act would have been reported, and there would have been accountability. This Administration has dodged every single one of those steps, starting with an attack on Jeffrey Goldberg of the Atlantic, who didn’t even ask to be put on the Signal chat. So, the message being sent by this, both inside the Pentagon, from four star officers down to privates, or inside the intelligence community, from the senior intelligence service right on down to the recruit, is that you have to play by one set of rules, but our senior most people play by an entirely different set of rules, and that is not something that we can tolerate in either the DOD or the intelligence community. 

    So, we will be following up here to make sure that this story is reported to the Congress, that the full damage or potential damage associated with this Signal chat is out there and that accountability is ultimately visited. With that, let me hand over to Ranking Member Smith at the House Armed Services Committee.

    RANKING MEMBER SMITH: Thank you very much. I completely agree with everything Jim just said. I’ll just add three quick points. 

    One big concern we have on the Armed Services Committee, what is the policy going forward? Because obviously the action on the Signal chat is bad in a thousand different ways that Jim outlined fairly well. But worse is the fact that the Secretary of Defense and everybody else associated is saying, “There’s nothing to see here, there’s nothing wrong,” which clearly implies that they’re just going to keep doing it this way. So, what we really want to know is, what happened? How did you screw up? And how are you going to fix it? Because make no mistake about it, this is a very, very dangerous thing to do, to be giving out attack plans, the time, the weapons you’re going to use and the targets you’re going to hit in advance of that attack. I don’t know why we’re having a conversation about why that is bad. What are they going to do to fix it? Right now, the answer is nothing. So, I still think that the House Armed Services Committee and the Senate Armed Services Committee should have a hearing. Ideally, Secretary Hegseth should come over and talk to us. But somebody from DOD should come over and explain what they’re going to do to make sure that OPSEC actually is something that they care about, that they’re going to fix going forward. 

    Second, this speaks to a larger problem of the overall competence and experience of the national security team. Just about anyone who’s ever been involved in an operation like this would have said, “Why are we having this conversation on a Signal chat?” But the people on that Signal chat, none of them have really had that experience, with the possible exception of Mike Waltz. Also worth noting, no senior uniform was on that call. That’s what happens when you fire the Chairman of the Joint Chiefs of Staff and you don’t have one. So, we’re really concerned about the overall competence of the national security team. 

    The third point that has been lost in all of this, one of the justifications offered by Secretary Hegseth and by Mr. Waltz, was, “Hey, but the mission was a spectacular success. So, what are we looking at?” Was the mission a spectacular success? We don’t even really know at this point. And this is an ongoing campaign. We are now 17,18 days into the bombing campaign. And please understand, the mission wasn’t to blow some things up and kill a bunch of Houthis. The mission is to reopen the Red Sea to shipping, and the Red Sea is no more open today than it was 18 days ago when this campaign started. So again, getting to the competence of the national security team. If they think the mission has been accomplished, it appears they don’t even know what the mission is. 

    So, we should start asking some questions about what they’re trying to accomplish in Yemen going forward. With that, I’m pleased to yield to a Member of the Armed Services Committee and the Intelligence Committee, Ms. Houlahan. 

    REP. HOULAHAN: Thank you, Chairman. Thank you very much for the opportunity to talk to you about this very important issue.

    I want to pause for a moment and imagine a world where the Director of the FBI yells at a Member of Congress that his organization is the one that calls balls and strikes, defying Congress’s constitutional obligation for oversight, and in the process, also refusing to investigate. Imagine a world where the Director of the Central Intelligence Agency berates Members of Congress, specifically Democrats, that they don’t care about national security because they dared to ask him questions about a significant leak of information, a significant breach of classified data. Imagine a world where the Secretary of Defense shares information on an unclassified channel, that was arguably top-secret information and had to do as the Chairman said with targeting information, with timing and with weaponry. This is a channel that his own agency said should not be used because it was compromised or possibly compromised. 

    So, the problem is with this, we don’t have to imagine because this is reality. This is an unimaginable world that we are in, but it is the reality that we have found ourselves in today. And the only hope that I have, which I echo the Chairmen who have spoken before me, is that in this world, that the Director of National Intelligence has committed to following the law, which would allow opening an investigation into this, so that we can imagine a world where people are contrite, where people are non-partisan, where people work for the people, where people are true leaders and have the same rules that the people that they lead have, and where they hold themselves accountable. So, this is the world that I hope that we can live in. And this is the world that we demand because it’s the only world in which we will be safe.

    So, today, as many of my colleagues have already done, I call once again on the Director of National Intelligence, Tulsi Gabbard, to fulfill that commitment that she made to me last Wednesday, a commitment to follow the law and to conduct an independent investigation into what is a significant unauthorized disclosure of compromised information. I want them to stop gaslighting us and the American public. I want them to stop distracting us and the American public, and to stop playing us for fools and hoping that Americans don’t catch on. 

    Follow the law. Do your job. Uphold the oath that we uphold, as well, that we took to this nation. The world and we are watching. And I thank the opportunity to speak, and I turn back over to the Chairman for any questions that you might have. 

    Video of the full press conference and Q&A can be viewed here.

    ###

    MIL OSI USA News

  • MIL-OSI USA: Feenstra Introduces Legislation to Make Pell Grants Tax-Free

    Source: United States House of Representatives – Representative Randy Feenstra (IA-04)

    WASHINGTON, D.C. – Today, U.S. Rep. Randy Feenstra (R-Hull) introduced legislation – the Tax-Free Pell Grants Act – to make federal Pell Grants tax-free.

    Specifically, this legislation expands the use of Pell Grants on a tax-free basis, improves coordination with the American Opportunity Tax Credit (AOTC), and ensures that students do not lose out on any AOTC benefits. Increasing compatibility with the AOTC ensures that Pell Grants are not treated as taxable income, even if they are used for non-tuition education expenses.

    U.S. Reps. Lloyd Doggett (D-TX), Mike Kelly (R-PA), and Danny Davis (D-IL) are co-leads.

    “I have long supported Pell Grants because they offer academic opportunities to our students and ensure that Iowans who might otherwise skip higher education because of the cost can pursue advanced studies. These grants are an important investment in the next generation of leaders, farmers, innovators, and entrepreneurs who will support our communities and power our economy forward,” said Rep. Feenstra. “However, current law still requires some students to pay taxes on their Pell Grants, reducing the financial support that these grants are intended to provide. That’s why I’m glad to help introduce legislation to make Pell Grants completely tax-free so that our kids can focus on their studies without worrying about the cost.”

    While Pell Grant awards used to pay for tuition and fees are already treated as tax-free income, any portion of a Pell Grant used for other education-related items like living expenses is taxed. Currently, using Pell Grants to cover tuition reduces potential AOTC eligibility and creates complications for students in maximizing their educational benefits. As a result, many students simply forgo the AOTC, leaving an estimated hundreds of millions of dollars unclaimed each year. 

    The AOTC covers up to $2,500 in annual college tuition, fees, and other education-related expenses — 40% of the credit, up to $1,000, is refundable. 

    With more than 3 million undergraduate students in the United States being parents – nearly one in five college students – access to affordable childcare can be the difference between completing a degree program or not. The Tax-Free Pell Grants Act meets this need by adding childcare and computer costs as qualifying expenses for the AOTC.

    ###

    MIL OSI USA News

  • MIL-OSI: HTX Crypto Gem Hunt Report #4: Amplifying Wealth Potential – HTX, a Core Hub for Early-Stage Gems

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 02, 2025 (GLOBE NEWSWIRE) — As Q1 2025 draws to a close, the crypto market is experiencing a dynamic “segmented bull market”, where various sectors are taking turns in the spotlight. Technological innovations and vibrant community engagement are driving ecosystem activity, with sectors like meme coins, Layer 1 blockchains, and AI + social platforms leading the charge. HTX, in its commitment to identifying and listing high-potential crypto assets, has recently launched the fourth phase of its popular Crypto Gem Hunt program, featuring seven carefully selected projects from diverse emerging sectors. This initiative underscores HTX’s dedication to becoming a premier platform for “quality assets and wealth creation.”

    Crypto Gem Hunt #4: A Curated Selection from Emerging Sectors

    This report emphasizes projects demonstrating significant technological advancements and robust community engagement, focusing on public chain infrastructure, Meme culture, AI + Social integration, and hardware acceleration.

    • MUBARAK (Meme Coin): Inspired by Arab cultural themes, MUBARAK, also known as “White Cloth,” is a community-managed project on the BSC network. Following its listing on HTX, MUBARAK surged 66% from $0.1, fueled by Binance Chain’s popularity and strong community momentum.
    • XION (Public Chain): A Layer 1 blockchain optimized for consumer applications, XION delivers a seamless user experience through its innovative Chain Abstraction infrastructure. In its initial week post-launch, XION achieved a 116% increase and garnered over $1 billion in capital support, with an accelerator program driving significant ecosystem expansion.
    • KAITO (AI + Social): Leveraging AI, this crypto information distribution platform is constructing an interoperable InfoFi layer, creating a new “attention economy” that connects creators, users, and brands. Real-time data and semantic analysis facilitate informed investor decisions, resulting in a 99% increase following its launch on HTX.
    • SOLAYER (Hardware Accelerator): Leading with a 153% increase, SOLAYER demonstrates the impact of technological innovation on Solana ecosystem expansion, attracting substantial institutional capital. Solayer is developing infiniSVM, a hardware-accelerated SVM designed to infinitely scale Solana, utilizing a multi-execution cluster architecture connected via SDN and RDMA and achieving 100 Gbps with atomic state integrity.
    • BERA (Public Chain): Berachain, a high-performance EVM public chain, operates on a Proof of Liquidity consensus (PoL) mechanism. This innovative approach coordinates network incentives. The governance token BGT saw a nearly 95% increase post-launch, with an ecosystem incentive plan mobilizing billions in liquidity, establishing Berachain as a key player in the public chain space.

    Furthermore, established meme coins have also performed well. MEW (CAT IN DOGS WORLD), a standout token, doubled in price, driven by strong community consensus and sustained liquidity growth.PEPE, an OG-level Meme coin on the Ethereum network, inspired by the Pepe the Frog internet meme, also saw a substantial 77% increase.

    HTX’s Competitive Edge: Key Features for Wealth Growth

    In the fast-paced crypto market, securing promising assets early is crucial for investor success. To empower investors, HTX offers access to promising assets through its “Crypto Gem Hunt” program, providing “easy-access, high-potential” picks based on expert market trend analysis and a rigorous selection process.

    • Unmatched Price Discovery: HTX offers early access to high-growth assets, exemplified by MEW in phase four, where users could acquire the token at a $0.0016 floor.
    • Strategic Sector Selection: HTX prioritizes listing leading projects in trending sectors like AI-related meme coins and Layer 1 blockchains, providing users with a significant first-mover advantage.
    • Secure Trading Environment: HTX ensures user asset safety through robust risk control measures and Merkle Tree-based Proof of Reserves, consistently maintained above 100%, enabling them to confidently capitalize on market opportunities.

    HTX remains dedicated to identifying and listing high-potential assets in their early stages. As emerging sectors like AI, DePIN, and RWA continue to evolve, the HTX Crypto Gem Hunt program will further refine its asset selection strategy. HTX is committed to listing high-potential assets, supported by comprehensive analysis and detailed market evaluations, to provide users with early access to future industry-leading projects at minimal cost. Follow the HTX Crypto Gem Hunt program to turn market insights into wealth!

    About HTX

    Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit HTX Square or https://www.htx.com/, and follow HTX on XTelegram, and Discord.

    For further inquiries, please contact Ruder Finn Asia glo-media@htx-inc.com

    Disclaimer: This press release is provided by HTX. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    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 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/cacad863-1d1a-41a5-9c61-4c786a100c54

    https://www.globenewswire.com/NewsRoom/AttachmentNg/dcb9b2f4-0cb2-440e-855e-e3b145feb7c1

    The MIL Network

  • MIL-OSI: MEXC Dominates 2024 Perpetuals Surge, Secures Top 5 Global Ranking

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, April 02, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, experienced a substantial rise in perpetual futures trading volume throughout 2024. According to CoinGecko’s latest annual report, MEXC captured the highest market share in perpetual trading and open interest (OI) volume among all centralized exchanges.
    Key Takeaways:

    • MEXC’s share of perpetual trading volume increased from 3% to 11% in 2024.
    • The exchange’s OI market share doubled in Q4 2024, leading all competitors.
    • MEXC entered the top five exchanges, with the total annual perpetual trading volume reaching $58.5 trillion.

    MEXC’s share of the perpetual futures market grew from just 3% at the start of 2024 to 11% by year-end — a notable achievement driven by the platform’s deep liquidity, competitive fee structure, and innovative trading features. This performance placed MEXC among the top five centralized perpetual exchanges, collectively recording $58.5 trillion in trading volume for the year. This makes 2024 the most active year in the history of futures trading on the crypto market.

    Throughout the year, MEXC showed steady growth across key metrics. Its perpetual trading volume share nearly quadrupled, while its OI market share doubled by Q4. The exchange’s strong focus on listing the most trending and in-demand tokens, combined with low fees in both futures and spot trading, has made it a go-to option for many traders worldwide.

    The exchange received additional recognition from institutional reports such as TokenInsight, which stated the exchange captured the largest market share among centralized exchanges in February 2024, earning it a spot among the top 5 exchanges in overall market share. By identifying trends faster than its competitors, MEXC continues to strengthen its position among top-tier exchanges.

    MEXC’s substantial growth in perpetual trading and open interest volume market share demonstrates the exchange’s emerging role as a major force in the cryptocurrency derivatives market. According to CoinDesk data, the exchange also captured the largest market share among centralized exchanges in February 2024, securing a place in the global top five for overall trading volume.

    These achievements, supported by the platform’s comprehensive token offerings and methodical approach to capturing market trends, position MEXC as a key player in driving the evolution of cryptocurrency trading. MEXC remains dedicated to enhancing its platform, expanding its offerings, and upholding the highest standards of security and user experience.

    About MEXC
    Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto.” Serving over 34 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, everyday airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

    MEXC Official WebsiteXTelegramHow to Sign Up on MEXC

    For media inquiries, please contact MEXC PR Manager Lucia Hu: lucia.hu@mexc.com

    Source

    Disclaimer: This press release is provided by MEXC. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    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 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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bc3af021-ac3a-488a-a154-918fef1cbd89

    The MIL Network

  • MIL-OSI: WISeKey, OISTE Foundation, Abraham House (AbrahamID.Com), and GFLI Announce Major Milestone in Landmark Global Initiative to Deliver Digital Identity to Over One Billion People

    Source: GlobeNewswire (MIL-OSI)

    WISeKey, OISTE Foundation, Abraham House (AbrahamID.Com), and GFLI Announce Major Milestone in Landmark Global Initiative to Deliver Digital Identity to Over One Billion People

    New York | April 2, 2025 – WISeKey International Holding (“WISeKey” or the “Company”) (NASDAQ: WKEY; SIX: WIHN), in collaboration with the OISTE Foundation, Abraham House, and the Global Financial Literacy Initiative (GFLI), today announced significant progress in the global AbrahamID.com initiative, a groundbreaking humanitarian technology project aimed at providing secure digital identities to more than one billion unbanked and underserved individuals worldwide.

    See more information by visiting this video – https://drive.google.com/file/d/1MXJSQmftxPGo_Yc47R-7_i07km5Ldvkl/view?usp=drivesdk.

    This transformative initiative was first introduced at the World Economic Forum in Davos in January 2025, where it received global media coverage, including features in the Financial Times and other leading international outlets. It will be officially launched tomorrow in New York during the Partners for Prosperity Summit, an event hosted by FinFit in collaboration with Salary Finance, and powered by SHINE at Harvard. The summit is not just a gathering—it is a global catalyst for systems-level change, bringing together innovators, policy-makers, philanthropists, and technologists committed to reshaping the future of inclusion, equity, and prosperity.

    At the heart of this announcement is the launch of the AbrahamID.com platform, now live and operational. Through this secure digital portal, individuals from every corner of the globe can create their verified digital identity, opening the door to critical services and opportunities that were previously out of reach. These include access to financial services, healthcare, education, employment, voting systems, and social safety nets, especially in regions where individuals lack official documentation or access to banking systems.

    Built on WISeKey’s WISeID platform and underpinned by the OISTE Foundation’s global cryptographic Root of Trust, the platform utilizes cutting-edge blockchain, AI, and post-quantum cryptography to ensure data integrity, privacy, and cross-border interoperability. These identities are tamper-proof, privacy-respecting, and legally recognized—making them suitable for use by individuals, NGOs, and governments in both the physical and digital domains.

    This initiative directly supports multiple United Nations Sustainable Development Goals (SDGs), including SDG 1 (No Poverty), SDG 4 (Quality Education), SDG 8 (Decent Work and Economic Growth), SDG 9 (Industry, Innovation and Infrastructure), SDG 10 (Reduced Inequalities), and SDG 16 (Peace, Justice and Strong Institutions). By addressing the fundamental right to identity and financial access, the AbrahamID project lays the foundation for social and economic inclusion at an unprecedented scale.

    The platform is especially transformative for marginalized populations—refugees, displaced persons, women in rural communities, youth in informal labor markets, and migrant workers—who often remain invisible to formal systems due to the lack of identification. AbrahamID offers these individuals a secure and portable identity solution that is lightweight, mobile-compatible, and functional even in low-bandwidth environments.

    To complement the digital infrastructure, the initiative integrates the work of the Global Financial Literacy Initiative (GFLI), co-founded by James Rosebush and Daniel Shakhani. GFLI provides practical, culturally relevant financial education to empower individuals with the tools to manage money, plan for the future, and break free from poverty. Combined with digital identity, this dual approach equips individuals not just with access, but with the agency and knowledge to fully engage in today’s digital economy.

    “Digital identity is the gateway, but financial literacy is the roadmap,” said James Rosebush, a globally recognized financial advisor, author, and former senior advisor to President Ronald Reagan. “Together, they enable people to not just survive—but thrive. We’re proud to contribute to this historic effort that bridges technology and humanity.”

    Daniel Shakhani, co-founder of Abraham House, emphasized the moral urgency behind the mission. “As the world becomes more digitized, millions are being left behind. Without identity, people are denied opportunity, justice, and dignity. Abraham House exists to bring together the world’s most forward-thinking minds and ensure innovation serves humanity equitably. This partnership with WISeKey and GFLI is about impact at scale—driving global justice, economic empowerment, and digital inclusion.”

    Co-founded by Shakhani and Jennifer de Broglie, Abraham House serves as a global convener dedicated to solving systemic humanitarian challenges through collaboration, diplomacy, and entrepreneurship. With the AbrahamID.com platform now active, this vision is being brought to life as a real-time, scalable solution for peace and prosperity.

    The technology behind this initiative—WISeID—offers not just a tool for access, but a framework for trusted, ethical, and future-proof digital citizenship. Legally binding digital signatures, encrypted communications, and post-quantum protections ensure that even the most vulnerable individuals are shielded from rising cybersecurity threats and misuse of AI. In an age where identity fraud, digital surveillance, and algorithmic bias disproportionately affect underserved populations, this platform provides digital dignity and control over personal data.

    The range of immediate applications is vast and deeply impactful. Migrant workers can receive secure remittances, patients can access healthcare records, students can register for education, and entrepreneurs can apply for microloans. In fragile states and diaspora communities, digital identity can also restore civic participation by enabling secure digital voting and engagement in public decision-making.

    WISeKey, along with its subsidiaries—including SEALSQ, WISe.ART, WISeSat, and SEALCOIN—continues to pioneer responsible, human-centric innovation. As a Swiss-based global technology leader, WISeKey is committed to embedding trust, privacy, and resilience at the core of digital ecosystems, working toward a future where technology uplifts, protects, and empowers every person.

    Governments, NGOs, corporations, and individuals are now invited to join this global movement by visiting www.AbrahamID.com, where they can register identities, support deployments, and become part of the mission to digitally and financially empower over one billion people.

    #AbrahamID #DigitalDignity #OneBillionStrong #FinancialInclusion #IdentityForAll #TechForGood #SDGs #WISeID #OISTE #AbrahamHouse #GFLI #DigitalInclusion #HumanCentricAI

    About Abraham House
    Abraham House is a global organisation dedicated to fostering peace, collaboration, and innovation. It unites individuals and organisations to address global challenges and deliver tangible benefits for future generations.

    About the Global Financial Literacy Initiative (GFLI)
    Founded by James Rosebush and Daniel Shakhani, GFLI is a UK-registered charity under Kingdom Network and a 501(c)(3) organisation in the United States. It partners with leading organisations to drive financial literacy and stability at scale.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com 
    WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network

  • MIL-OSI USA: Sen. Markey Introduces New Legislation to Require Boeing to Include Workers on its Board of Directors

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Safety Starts at the Top Act would ensure aerospace manufacturers prioritize safety over profits

    Bill Text (PDF)

    Washington (April 2, 2025) – Senator Edward J. Markey (D-Mass.), a member of the Commerce, Science, and Transportation Committee, today introduced the Safety Starts at the Top Act, legislation that would require large aerospace manufacturers to include two labor representatives and two safety experts on their boards of directors. The legislation comes in response to concerns that Boeing has prioritized profits over safety and failed to consider the views of its workforce in critical engineering decisions.

    “For years, Boeing has prioritized financial engineering over mechanical engineering, undermining the company’s safety culture. It’s time for that to change,” said Senator Markey. “Without input from the workers on the factory floor every day, Boeing is flying blind. By requiring Boeing’s Board to include worker and safety representatives, the Safety Starts at the Top Act will ensure that Boeing listens to the professionals who know safety best.”

    “IAM 751 appreciates and supports this proposed legislation and if passed would ensure that workers voices are heard at the highest levels when decisions impacting aerospace manufacturing and safety are being discussed and implemented,” said Jon Holden, President & Directing Business Representative for the International Association of Machinists (IAM) District 751.

    “SPEEA applauds Senator Markey for introducing the Safety Starts at the Top Act and we look forward to working towards its enactment. This bill invests in our nation’s aerospace engineering and manufacturing leadership by making sure the leading aerospace firms are committed to building a safety culture, continuing to improve product quality, and reestablishing effective communication between the bridge and the engine room.  With the Safety Starts at the Top Act, business decisions at these firms will be made with input from the men and women who design and build the greatest aerospace products in the world,” said John Dimas, President of Society of Professional Engineering Employees in Aerospace, International Federation of Professional and Technical Engineers (SPEEA, IFPTE) Local 2001.

    Senator Markey has long called for the Federal Aviation Administration (FAA) and companies such as Boeing to be held accountable for their actions that undermine aviation safety. Last month, Senator Markey wrote a letter to Chris Rocheleau, Acting FAA Administrator, with questions about the FAA’s recent decision to deploy three Starlink terminals from Elon Musk’s SpaceX. In January 2024, Senator Markey, along with then Senator J.D. Vance (R-Ohio) and Senator Peter Welch (D-Vt.), sent a letter to Boeing’s then-CEO David Calhoun about the company’s manufacturing quality control and oversight of contractors.

    MIL OSI USA News

  • MIL-OSI United Kingdom: New trial awards quota to fishers delivering sustainability and growth

    Source: United Kingdom – Executive Government & Departments

    News story

    New trial awards quota to fishers delivering sustainability and growth

    UK fishers demonstrating environmental, social, and economic benefits from quota use to be awarded additional quota.

    UK fishers demonstrating how they will deliver environmental, social, and economic benefits will be awarded with additional quota this week.

    Following last year’s successful pilot, the 2025 Quota Application Mechanism trial has been expanded to include English non-sectoral over-10-metre vessels alongside producer organisations with English members.

    Around 8,658.8 tonnes of quota will be awarded to applicants who scored highest against the environmental, social, and economic criteria based on how they will use the additional allocation.

    Measures to be rewarded include:

    • investments in improved fishing gear, reducing environmental impacts while enhancing selectivity to minimize unwanted catches;
    • acoustic deterrents to help protect vulnerable marine wildlife by preventing accidental entanglement in fishing gear;
    • employment of local crew, strengthening coastal communities by providing sustainable livelihoods and preserving traditional fishing heritage;
    • vessel upgrades focused on crew safety and welfare to ensure that fishing remains a viable career with improved working conditions.

    Amongst other stocks, 535 tonnes of North Sea Cod, 1162 tonnes of North Sea Saithe, and 213 tonnes of Western Skates and Rays will be awarded to sectoral and non-sector fishers.

    Fisheries Minister Daniel Zeichner said:

    I’m delighted to see the expanded Quota Application Mechanism rewarding fishers who demonstrate clear commitments to sustainability.

    By allocating quota based on environmental, social, and economic criteria, we’re charting a new course for UK fisheries that balances conservation with economic prosperity. It’s a vital step towards building a sustainable and profitable fishing industry, as part of our Plan for Change.

    Dale Rodmell, Chief Executive of Eastern England Fish Producers Organisation Ltd. said:

    We appreciate the efforts made by the government to make a new approach to quota allocation work. 

    It recognises the efforts we are making to realise environmental, social and economic benefits from under-utilised and additional quota resulting from the Trade and Cooperation Agreement.

    Paul Stone, Director of Stone Marine Services (South West) Ltd, said:

    It’s really something to help diversify and enables us to free up more options and rest areas which are tight for quota, helping us to fish sustainably. It’s been life-changing to the company; it makes life easier for the crew and the fish quality is better.

    It’s nice to be recognised. As a small private company, it means a heck of a lot.

    Shaun Hayter, Director of Bubba Shrimp Ltd, said:

    Being awarded this quota will make a massive difference. It will keep us fishing all year and the crew busy. It gives other grounds a rest and makes everything financially viable.

    I’ve been really looking forward to this year and so has the crew. It’s a massive opportunity and seems like a step in the right direction.

    The quota has been drawn from England’s additional quota allocation and anticipated underutilised non-sectoral quota.

    This trial represents a significant shift from standard quota allocation methods, introducing a criteria-based approach that aims to enhance sustainable fisheries management by considering broader environmental outcomes alongside the social and economic interests of fishing communities.

    Lessons from this trial will shape how fishing quotas are allocated in the future, helping protect fish stocks and support fishing communities for the long-term.

    Further information

    The breakdown of tonnages to be awarded as a part of the 2025 Quota Application Mechanism is as follows:

    • 535.2 tonnes of North Sea Cod (165.5T of this is to the non-sector)
    • 1166.7 tonnes of North Sea Saithe (24.7T of this is to the non-sector)
    • 2830 tonnes of North Sea Herring (20T of this is to the non-sector)
    • 212.9 tonnes of Western Skates and Rays (75T of this is to the non-sector)
    • 3914 tonnes of Western Mackerel (4T of this is to the non-sector)
    • This is subject to the applicants accepting the Quota.

    Eastern England Fish Producers Organisation was awarded:

    • 369.7T of Cod North Sea
    • 1141.7T of Saithe North Sea
    • 155T of Herring North Sea
    • 137.9T of Skates & Rays Western
    • 1340T of Mackerel Western

    Humberside Fish Producers’ Organisation was awarded:

    • 2655T of Herring North Sea
    • 2570T of Mackerel Western

    As part of the conditions for receiving the quota, applicants have committed to delivering a range of benefits including:

    Environmental performance

    • Advanced monitoring technologies like remote electronic monitoring provide real-time data on fishing activities, supporting sustainable management of marine resources.
    • Investments in improved fishing gear, reducing environmental impacts while enhancing selectivity to minimize unwanted catches.
    • Participation in scientific studies to contribute vital information that strengthens our understanding of marine ecosystems and stock health.
    • Fuel-saving techniques to not only reduce operational costs but also lower carbon emissions.
    • Acoustic deterrents to help protect vulnerable marine wildlife by preventing accidental entanglement in fishing gear.

    Social contribution

    • Employment of local crew, strengthening coastal communities by providing sustainable livelihoods and preserving traditional fishing heritage.
    • Vessel upgrades focused on crew safety and welfare ensure that fishing remains a viable career with improved working conditions.
    • Engagement with local apprenticeship schemes to create pathways for young people to enter the industry, securing its future.
    • Participation in careers fairs to raise awareness about opportunities in the fishing sector, attracting diverse talent to the industry.

    Economic benefits

    • Landings into UK ports stimulate local economies through direct employment and supporting additional dockside businesses.
    • Supply to local and domestic processors strengthens our food security while adding value to catches within the UK economy.
    • Use of local business services creates multiplier effects, where fishing activity supports a broader network of maritime and coastal enterprises.

    Updates to this page

    Published 2 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: Boost to British business in the USA as top UK legal firms travel stateside

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Boost to British business in the USA as top UK legal firms travel stateside

    Justice Minister Sarah Sackman has joined home-grown lawtech firms in Chicago this week to showcase how the UK legal sector is putting AI at the front and centre of its services.

    • UK delegation of Lawtech experts promote UK business on the world stage
    • Artificial intelligence, technology and innovation at the top of the agenda
    • Part of Plan for Change to support UK legal sector and drive economic growth

    In a boost for British business, a delegation of the best and the brightest legal minds have visited Illinois and New York as part of the Great Legal Services campaign, alongside the Department for Business and Trade.

    In both cities, the group met with hundreds of other law firms, businesses and investors from around the world at major lawtech conferences – helping them increase their international business and further boost the UK economy.

    Figures show trade in legal services between the US and UK was worth £2.2bn in 2022. Some of the companies in the delegation already turn over £20 million a year and have clients around the world, including in the USA, Singapore and Australia.

    Minister for Courts and Legal Services, Sarah Sackman KC, said:

    We’re kickstarting our economy by harnessing the power of AI, technology and innovation in law. Backing British lawtech will boost businesses and attract international investment as part of our Plan for Change.

    In a fast-changing global market, UK law and lawtech are at the cutting edge. This trade mission and Government investment in lawtech will ensure the UK stays in pole position for law while growing the wider economy.

    These events support UK lawtechs – companies which make technology or software to provide legal services – to win business and grow their market presence in the United States.

    The trip also helped develop a pipeline of US lawtech firms to be set up or expanded in the UK, further cementing the UK’s position as a world leader in legal services and legal technology and supporting smaller regional firms to trade internationally.

    His Majesty’s Consul General, British Consulate-General, Richard Hyde said:

    Chicago is home to one of the largest and most dynamic legal sectors in the US.

    There are huge opportunities for the brightest and best UK legal tech companies.

    We were excited to welcome this ministerial led trade mission; it is opening doors for UK innovators and driving growth in the UK and in Illinois.

    This mission comes following a recent announcement that the Lawtech UK programme, a government-backed initiative to drive digital transformation in the domestic legal services industry, will be funded for another year to help further the UK’s leading position in the global legal services market.

    Overall, the UK’s legal sector generates £37 billion for the UK economy every year.  In recent months key agreements have been made with other nations to strengthen the sector – including agreements with Switzerland, Japan, and Greece – by allowing UK lawyers to practise abroad. 

    Notes to editors:

    • The GREAT Legal Services campaign was launched in 2017 to promote and support the strength of English and Welsh Law, the UK’s world-renowned independent judiciary, and our legal expertise to the global market, including legal technology. 

    • In the last financial year, the campaign generated more than 800 business connections for UK legal professionals and reached over 2.6 million online in key markets across the world.

    Updates to this page

    Published 2 April 2025

    MIL OSI United Kingdom

  • MIL-OSI Global: Uganda’s electricity distribution is changing hands – what’s at stake

    Source: The Conversation – Africa – By Peter Twesigye, Research Lead: Power Market Reforms and Regulation, University of Cape Town

    Uganda’s electricity sector is at a turning point, as Umeme Limited’s 20-year concession draws to a close. Umeme was the first private distribution operator in anglophone Africa. For nearly two decades, the listed company was the dominant distributor of electricity to the country’s 2.3 million clients. However, Uganda decided in 2022 not to renew the licence on expiry, citing high power tariffs and low electricity access rates.

    Umeme’s departure and the transfer of distribution assets back to the state-owned Uganda Electricity Distribution Company (UEDCL) has sparked controversy. It centres on a US$235 million compensation claim by Umeme. The final settlement could shape power tariffs, the sector’s financial sustainability and investment needs in the country. Peter Twesigye, who researches power market reform, regulation and utility performance in Africa, examines the big questions.

    The numbers behind the controversy

    The flashpoint is the amount the government must pay Umeme to bring the business back under state control. Umeme has demanded US$235.96 million. It says this amount represents its undepreciated and unrecovered investments: costs it hasn’t got back through electricity tariffs or transfers from government.

    The auditor general, representing the government, initially pegged unrecovered investments at US$190.99 million and gave parliament the green light to seek loans to repay Umeme. This was however revised down to US$118 million, which the government has paid. The outstanding gap is more than US$117 million, a 50% difference, which is very large.

    Umeme has, for now, accepted the US$118 million, but has disputed this as the final settlement. It will claim more money and potentially also penalties arising from the government’s failure to pay in full by 31 March 2025. Umeme’s board has a fiduciary duty not to lose shareholders’ capital.

    The buyout amount is more than just a settlement. It will serve as the initial asset base for Uganda Electricity Distribution Company Ltd, which will allow it to provide a service in the future. It will influence the setting of electricity tariffs and the company’s ability to secure funding for investments to ensure service continuity. This benefit is often misunderstood.

    What’s at stake

    At the heart of this debate lies a complex interplay of legal, financial, economic and national risk exposure.

    It will have far-reaching implications for affordability and industrial competitiveness in Uganda, particularly for energy-intensive sectors. A higher asset base reflects greater invested capital, enabling revenue sufficiency to cover the cost of capital, operating expenses and depreciation. This financial strength allows the utility or sector to maintain service delivery, improve electricity reliability and quality, and expand the network to meet demand without relying on subsidies.

    A lower asset base on the other hand reflects under-investment. This could create the risk of poor service delivery and limit the company’s ability to expand or modernise infrastructure. Most importantly it could deter private investors in the sector due to the limited revenue recovery opportunities. The sub-sectors affected could include electricity generation, transmission or distribution.

    Uganda’s prior success in attracting investments in generation was partly due to the presence of Umeme. The utility provided robust governance, commercial and revenue collection guarantees. With its exit, Uganda will find it more challenging to draw in private capital under public governance arrangements.

    For now, the government has adopted the auditor general’s lower valuation of US$118 million. Based on my tariff model analysis, this will give rise to a long-term equilibrium distribution tariff – reflecting cost and state subsidies – of 9.2 cents cents per kilowatt-hour (kWh). That is 7.94% lower than Umeme’s 10 cents per kWh.

    It may appear to be a small reduction in tariff in the short term. But it may prove unsustainable in the long term as there are significant infrastructure investment needs. To meet them, the company will need continued direct state subsidies, which Umeme did not get.

    It remains to be seen whether the government can keep providing subsidies.




    Read more:
    Why merging Uganda’s electricity sector agencies is a bad idea


    Beyond tariffs, how Uganda handles this transition matters. It could send a signal to international investors about its reliability as an investment destination. A harmonious resolution would reassure current and prospective investors.

    A contentious fallout, such as arbitration or judicial proceedings, could heighten perceptions of risk to foreign investors. It could also push up the cost of capital to 15.82%, or 582 basis points higher than the base estimate of 10%. This would stem from perceived fears of expropriation of investments by the government.

    Any default on Uganda’s part could trigger punitive financial penalties immediately. These are contractual commitments and obligations, so it’s up to courts of arbitration to decide. If the government fails to pay (in full) within 30 days of 31 March, penalties and interest rates on overdue amounts will escalate from 10% to as high as 20%, depending on the delay period.

    Failure to honour these commitments could also lead to lawsuits in international courts or debt collection efforts by ruthless venture capital firms. These scenarios would impose even greater costs on Uganda’s economy and global reputation.

    Penalties could add to Uganda’s financial obligations and strain public resources further.

    Limited options for Uganda

    The avoidable financial and legal penalties would be costly for consumers and the national treasury. Another potential impact to watch is the country’s overall investment risk profile. This could influence the future cost of capital (interest rates) and premiums that investors would charge.




    Read more:
    Competition in South Africa’s electricity market: new law paves the way, but it won’t be a smooth ride


    It is imperative not to raise the cost of capital for Uganda, which still lacks adequate electricity infrastructure. If the dispute over the buyout price results in investors wanting a higher return for their risk, the impact on tariffs would be even worse than paying the price Umeme wants.

    What Uganda should do

    By addressing these challenges decisively and transparently, Uganda can turn this transition into an opportunity. It can strengthen its energy sector and set a precedent for effective management of public-private partnerships. The government should explore these recommendations:

    • establish a negotiation team of legal, financial, regulatory and energy experts to reconcile valuation differences transparently and negotiate amicably with Umeme

    • secure financing proactively to avoid penalty interest and ensure timely payment

    • keep stakeholders informed, to maintain public trust and investor confidence

    • equip Uganda Electricity Distribution Company to take over and prevent service disruptions

    • build strong governance systems within the utility

    • work in partnership with the private sector.

    The choices made now will be felt for years to come.

    Peter Twesigye 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. Uganda’s electricity distribution is changing hands – what’s at stake – https://theconversation.com/ugandas-electricity-distribution-is-changing-hands-whats-at-stake-253412

    MIL OSI – Global Reports

  • MIL-OSI Global: Fake online shops rely on tech skills: what drives Cameroon’s web developers to assist online fraudsters

    Source: The Conversation – Africa – By Suleman Lazarus, Visiting Fellow, Mannheim Centre for Criminology, London School of Economics and Political Science

    When people discuss online fraud, the focus is often on those who directly deceive victims. Little attention is given to those who enable these crimes by providing the digital infrastructure necessary for deception.

    This digital infrastructure includes reliable access to electricity and the internet, as well as digital tools such as proxy servers, spoofing software, phishing kits and virtual private networks. Those involved must possess technical competencies in areas like web development, social engineering and systems maintenance, skills that are critical for sustaining fraudulent operations behind the scenes.

    Research on cybercrime is expanding in west Africa, particularly studies of Nigeria and Ghana. But Cameroon is understudied. This gap in research has obscured a pervasive problem in Cameroon: website developers who create digital storefronts for fraudsters.

    Pet scams are a particularly common type of online fraud perpetrated by Cameroonian fraudsters. This is a form of non-delivery fraud in which victims are tricked into paying for animals that do not exist. Typically, these fake pet websites target prospective pet buyers in countries like the US, Canada and Australia by advertising nonexistent pedigree puppies and kittens as well as exotic animals such as parrots, macaws and tortoises.

    Rather than focusing on the fraudsters themselves, our study examined the infrastructure that enables this fraud to happen and the hidden networks of actors who make deception possible. Our research sheds light on a little-known group of enablers: website developers in anglophone Cameroon who knowingly build fake shopping websites.

    Through interviews with 14 website developers engaged in this illicit trade, we explored the socio-economic and political forces that drive their participation.

    Our findings showed that a mix of economic hardship, social norms and cultural beliefs drive fraud enablement in Cameroon. Our study highlights the need for a more nuanced understanding of cybercrime. The website developers in Cameroon do not fit the typical profile of a fraudster. They see themselves as skilled workers navigating a complex socio-political landscape where survival often comes before morality, given that Cameroon, under Paul Biya’s presidency of more than 40 years, has experienced widespread poverty, instability and an uncertain succession struggle.

    To address fraud effectively, interventions must go beyond simply punishing offenders. Instead, efforts should focus on dismantling the structures that allow fraud to thrive, starting with those who enable it.

    Why fraudsters choose this activity

    A central theme emerging from our interviews was the impact of the Ambazonian Crisis, an ongoing separatist conflict in Cameroon’s anglophone regions. The crisis began as peaceful demonstrations in 2016 when trade unionists and lawyers protested against the mandatory use of the French language in schools and law courts. By 2017, these protests had turned violent as armed separatist groups emerged within the anglophone regions, engaging in sporadic conflict with government forces. The separatists called for the secession of the two anglophone regions, referring to them as Ambazonia. The conflict has since escalated. Reports estimate that the violence has led to approximately 6,000 civilian deaths, the displacement of 600,000 people within Cameroon, and the forced migration of over 77,000 people into Nigeria as refugees.

    The website developers we interviewed described how daily gunfire, displacement and political instability had made it difficult to secure stable employment and find clients.

    Interviewees cited frequent power outages and internet blackouts as barriers to working with legitimate clients.

    As one developer put it:

    There are times when we go without electricity or network for days. I might have a legitimate client, but if the power goes out, I lose the job. Fraudsters, on the other hand, don’t care about delays. They are always there with another request.

    Ghost-town protests, where separatists enforce economic shutdowns and force people to stay in their homes, further limit opportunities for legitimate business. In this unstable environment, undertaking website development for fraudsters became one of the few steady income streams.

    A second theme was spiritual beliefs. We found that spiritual beliefs had an impact on decision-making. Developers rationalised their work by distinguishing between fraud and fraud enablement. Directly perpetrating fraud against victims, they believed, carried spiritual consequences, while simply building websites for fraudsters did not. Some fraudsters in west Africa visit a so-called “juju priest”, who may demand animal sacrifice and even murder in return for their blessing. The website developers we spoke to did not want to get involved in this.

    One of the developers shared his fears about spiritual repercussions:

    Scammers who do rituals for money, they don’t last. Most of the time, you see them dying at the age of 20 or 30. I don’t want to be involved in that. But making websites? That’s different. I’m not the one taking the money.

    A third theme in our findings was the Big Boy culture, a subculture that glorifies online fraud as a symbol of success. In some west African communities, fraudsters who display their wealth through expensive cars, clothes and lifestyles are seen as role models rather than criminals.

    Vanesa, a developer, explained:

    Everybody wants to chill with the Big Boys. Fraudsters want to be seen as superstars, and that means spending money like celebrities.

    The normalisation of internet fraud in some circles has created a perception that financial success justifies the means by which it is achieved. While some developers disapproved of fraudsters’ extravagant lifestyles, others saw it as a model of economic survival to aspire to.

    Rethinking fraud prevention

    These findings challenge the simplistic notion that the internet inherently enables fraud. Instead, fraud thrives within a complex ecosystem that includes not just the perpetrators but also the enablers who facilitate deception for economic, political, and cultural reasons.

    A more effective fraud prevention strategy should address the enablers of cybercrime, not just the scammers.

    This means:

    The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

    ref. Fake online shops rely on tech skills: what drives Cameroon’s web developers to assist online fraudsters – https://theconversation.com/fake-online-shops-rely-on-tech-skills-what-drives-cameroons-web-developers-to-assist-online-fraudsters-252429

    MIL OSI – Global Reports

  • MIL-OSI Africa: Uganda’s electricity distribution is changing hands – what’s at stake

    Source: The Conversation – Africa – By Peter Twesigye, Research Lead: Power Market Reforms and Regulation, University of Cape Town

    Uganda’s electricity sector is at a turning point, as Umeme Limited’s 20-year concession draws to a close. Umeme was the first private distribution operator in anglophone Africa. For nearly two decades, the listed company was the dominant distributor of electricity to the country’s 2.3 million clients. However, Uganda decided in 2022 not to renew the licence on expiry, citing high power tariffs and low electricity access rates.

    Umeme’s departure and the transfer of distribution assets back to the state-owned Uganda Electricity Distribution Company (UEDCL) has sparked controversy. It centres on a US$235 million compensation claim by Umeme. The final settlement could shape power tariffs, the sector’s financial sustainability and investment needs in the country. Peter Twesigye, who researches power market reform, regulation and utility performance in Africa, examines the big questions.

    The numbers behind the controversy

    The flashpoint is the amount the government must pay Umeme to bring the business back under state control. Umeme has demanded US$235.96 million. It says this amount represents its undepreciated and unrecovered investments: costs it hasn’t got back through electricity tariffs or transfers from government.

    The auditor general, representing the government, initially pegged unrecovered investments at US$190.99 million and gave parliament the green light to seek loans to repay Umeme. This was however revised down to US$118 million, which the government has paid. The outstanding gap is more than US$117 million, a 50% difference, which is very large.

    Umeme has, for now, accepted the US$118 million, but has disputed this as the final settlement. It will claim more money and potentially also penalties arising from the government’s failure to pay in full by 31 March 2025. Umeme’s board has a fiduciary duty not to lose shareholders’ capital.

    The buyout amount is more than just a settlement. It will serve as the initial asset base for Uganda Electricity Distribution Company Ltd, which will allow it to provide a service in the future. It will influence the setting of electricity tariffs and the company’s ability to secure funding for investments to ensure service continuity. This benefit is often misunderstood.

    What’s at stake

    At the heart of this debate lies a complex interplay of legal, financial, economic and national risk exposure.

    It will have far-reaching implications for affordability and industrial competitiveness in Uganda, particularly for energy-intensive sectors. A higher asset base reflects greater invested capital, enabling revenue sufficiency to cover the cost of capital, operating expenses and depreciation. This financial strength allows the utility or sector to maintain service delivery, improve electricity reliability and quality, and expand the network to meet demand without relying on subsidies.

    A lower asset base on the other hand reflects under-investment. This could create the risk of poor service delivery and limit the company’s ability to expand or modernise infrastructure. Most importantly it could deter private investors in the sector due to the limited revenue recovery opportunities. The sub-sectors affected could include electricity generation, transmission or distribution.

    Uganda’s prior success in attracting investments in generation was partly due to the presence of Umeme. The utility provided robust governance, commercial and revenue collection guarantees. With its exit, Uganda will find it more challenging to draw in private capital under public governance arrangements.

    For now, the government has adopted the auditor general’s lower valuation of US$118 million. Based on my tariff model analysis, this will give rise to a long-term equilibrium distribution tariff – reflecting cost and state subsidies – of 9.2 cents cents per kilowatt-hour (kWh). That is 7.94% lower than Umeme’s 10 cents per kWh.

    It may appear to be a small reduction in tariff in the short term. But it may prove unsustainable in the long term as there are significant infrastructure investment needs. To meet them, the company will need continued direct state subsidies, which Umeme did not get.

    It remains to be seen whether the government can keep providing subsidies.


    Read more: Why merging Uganda’s electricity sector agencies is a bad idea


    Beyond tariffs, how Uganda handles this transition matters. It could send a signal to international investors about its reliability as an investment destination. A harmonious resolution would reassure current and prospective investors.

    A contentious fallout, such as arbitration or judicial proceedings, could heighten perceptions of risk to foreign investors. It could also push up the cost of capital to 15.82%, or 582 basis points higher than the base estimate of 10%. This would stem from perceived fears of expropriation of investments by the government.

    Any default on Uganda’s part could trigger punitive financial penalties immediately. These are contractual commitments and obligations, so it’s up to courts of arbitration to decide. If the government fails to pay (in full) within 30 days of 31 March, penalties and interest rates on overdue amounts will escalate from 10% to as high as 20%, depending on the delay period.

    Failure to honour these commitments could also lead to lawsuits in international courts or debt collection efforts by ruthless venture capital firms. These scenarios would impose even greater costs on Uganda’s economy and global reputation.

    Penalties could add to Uganda’s financial obligations and strain public resources further.

    Limited options for Uganda

    The avoidable financial and legal penalties would be costly for consumers and the national treasury. Another potential impact to watch is the country’s overall investment risk profile. This could influence the future cost of capital (interest rates) and premiums that investors would charge.


    Read more: Competition in South Africa’s electricity market: new law paves the way, but it won’t be a smooth ride


    It is imperative not to raise the cost of capital for Uganda, which still lacks adequate electricity infrastructure. If the dispute over the buyout price results in investors wanting a higher return for their risk, the impact on tariffs would be even worse than paying the price Umeme wants.

    What Uganda should do

    By addressing these challenges decisively and transparently, Uganda can turn this transition into an opportunity. It can strengthen its energy sector and set a precedent for effective management of public-private partnerships. The government should explore these recommendations:

    • establish a negotiation team of legal, financial, regulatory and energy experts to reconcile valuation differences transparently and negotiate amicably with Umeme

    • secure financing proactively to avoid penalty interest and ensure timely payment

    • keep stakeholders informed, to maintain public trust and investor confidence

    • equip Uganda Electricity Distribution Company to take over and prevent service disruptions

    • build strong governance systems within the utility

    • work in partnership with the private sector.

    The choices made now will be felt for years to come.

    – Uganda’s electricity distribution is changing hands – what’s at stake
    – https://theconversation.com/ugandas-electricity-distribution-is-changing-hands-whats-at-stake-253412

    MIL OSI Africa

  • MIL-OSI Africa: Fake online shops rely on tech skills: what drives Cameroon’s web developers to assist online fraudsters

    Source: The Conversation – Africa – By Suleman Lazarus, Visiting Fellow, Mannheim Centre for Criminology, London School of Economics and Political Science

    When people discuss online fraud, the focus is often on those who directly deceive victims. Little attention is given to those who enable these crimes by providing the digital infrastructure necessary for deception.

    This digital infrastructure includes reliable access to electricity and the internet, as well as digital tools such as proxy servers, spoofing software, phishing kits and virtual private networks. Those involved must possess technical competencies in areas like web development, social engineering and systems maintenance, skills that are critical for sustaining fraudulent operations behind the scenes.

    Research on cybercrime is expanding in west Africa, particularly studies of Nigeria and Ghana. But Cameroon is understudied. This gap in research has obscured a pervasive problem in Cameroon: website developers who create digital storefronts for fraudsters.

    Pet scams are a particularly common type of online fraud perpetrated by Cameroonian fraudsters. This is a form of non-delivery fraud in which victims are tricked into paying for animals that do not exist. Typically, these fake pet websites target prospective pet buyers in countries like the US, Canada and Australia by advertising nonexistent pedigree puppies and kittens as well as exotic animals such as parrots, macaws and tortoises.

    Rather than focusing on the fraudsters themselves, our study examined the infrastructure that enables this fraud to happen and the hidden networks of actors who make deception possible. Our research sheds light on a little-known group of enablers: website developers in anglophone Cameroon who knowingly build fake shopping websites.

    Through interviews with 14 website developers engaged in this illicit trade, we explored the socio-economic and political forces that drive their participation.

    Our findings showed that a mix of economic hardship, social norms and cultural beliefs drive fraud enablement in Cameroon. Our study highlights the need for a more nuanced understanding of cybercrime. The website developers in Cameroon do not fit the typical profile of a fraudster. They see themselves as skilled workers navigating a complex socio-political landscape where survival often comes before morality, given that Cameroon, under Paul Biya’s presidency of more than 40 years, has experienced widespread poverty, instability and an uncertain succession struggle.

    To address fraud effectively, interventions must go beyond simply punishing offenders. Instead, efforts should focus on dismantling the structures that allow fraud to thrive, starting with those who enable it.

    Why fraudsters choose this activity

    A central theme emerging from our interviews was the impact of the Ambazonian Crisis, an ongoing separatist conflict in Cameroon’s anglophone regions. The crisis began as peaceful demonstrations in 2016 when trade unionists and lawyers protested against the mandatory use of the French language in schools and law courts. By 2017, these protests had turned violent as armed separatist groups emerged within the anglophone regions, engaging in sporadic conflict with government forces. The separatists called for the secession of the two anglophone regions, referring to them as Ambazonia. The conflict has since escalated. Reports estimate that the violence has led to approximately 6,000 civilian deaths, the displacement of 600,000 people within Cameroon, and the forced migration of over 77,000 people into Nigeria as refugees.

    The website developers we interviewed described how daily gunfire, displacement and political instability had made it difficult to secure stable employment and find clients.

    Interviewees cited frequent power outages and internet blackouts as barriers to working with legitimate clients.

    As one developer put it:

    There are times when we go without electricity or network for days. I might have a legitimate client, but if the power goes out, I lose the job. Fraudsters, on the other hand, don’t care about delays. They are always there with another request.

    Ghost-town protests, where separatists enforce economic shutdowns and force people to stay in their homes, further limit opportunities for legitimate business. In this unstable environment, undertaking website development for fraudsters became one of the few steady income streams.

    A second theme was spiritual beliefs. We found that spiritual beliefs had an impact on decision-making. Developers rationalised their work by distinguishing between fraud and fraud enablement. Directly perpetrating fraud against victims, they believed, carried spiritual consequences, while simply building websites for fraudsters did not. Some fraudsters in west Africa visit a so-called “juju priest”, who may demand animal sacrifice and even murder in return for their blessing. The website developers we spoke to did not want to get involved in this.

    One of the developers shared his fears about spiritual repercussions:

    Scammers who do rituals for money, they don’t last. Most of the time, you see them dying at the age of 20 or 30. I don’t want to be involved in that. But making websites? That’s different. I’m not the one taking the money.

    A third theme in our findings was the Big Boy culture, a subculture that glorifies online fraud as a symbol of success. In some west African communities, fraudsters who display their wealth through expensive cars, clothes and lifestyles are seen as role models rather than criminals.

    Vanesa, a developer, explained:

    Everybody wants to chill with the Big Boys. Fraudsters want to be seen as superstars, and that means spending money like celebrities.

    The normalisation of internet fraud in some circles has created a perception that financial success justifies the means by which it is achieved. While some developers disapproved of fraudsters’ extravagant lifestyles, others saw it as a model of economic survival to aspire to.

    Rethinking fraud prevention

    These findings challenge the simplistic notion that the internet inherently enables fraud. Instead, fraud thrives within a complex ecosystem that includes not just the perpetrators but also the enablers who facilitate deception for economic, political, and cultural reasons.

    A more effective fraud prevention strategy should address the enablers of cybercrime, not just the scammers.

    This means:

    – Fake online shops rely on tech skills: what drives Cameroon’s web developers to assist online fraudsters
    – https://theconversation.com/fake-online-shops-rely-on-tech-skills-what-drives-cameroons-web-developers-to-assist-online-fraudsters-252429

    MIL OSI Africa

  • MIL-OSI: AvidXchange Unveils New AI Agents to Elevate Accounts Payable Processes

    Source: GlobeNewswire (MIL-OSI)

    CHARLOTTE, N.C., April 02, 2025 (GLOBE NEWSWIRE) — AvidXchange Inc. (Nasdaq: AVDX), a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers, today announced the launch of several new AI agents and enhancements within its invoice automation solution. These advancements reinforce AvidXchange’s ongoing commitment to delivering solutions that improve efficiency, visibility, and control for finance professionals.

    As part of AvidXchange’s 2025 trends report, which surveyed 500 mid-market finance leaders, it was reported that 76% of finance departments recognize the value of using AI within their finance department to improve efficiency and decision-making.

    “As we celebrate 25 years of innovation in AP automation, we remain committed to pushing the boundaries of technology to help businesses improve operational efficiency and make more informed decisions,” said Emily Dalton, VP of Product at AvidXchange. “These AI-driven features reflect our dedication to providing solutions across the purchase-to-pay experience that drive tangible impact for our customers.”

    • AI Approval Agent: The new AI Approval Agent helps customers quickly assess how likely an invoice is to be approved by analyzing patterns from past decisions. Using historical data, such as invoice amounts and supplier details, the AI agent provides real-time insights to approvers throughout the AP workflow. While the AI agent delivers intelligent suggestions and transparency into how each recommendation was made, customers remain in full control of final approval decisions—ensuring human oversight remains part of the process.
    • AI PO Matching Agent: AvidXchange’s AI PO Matching Agent automates one of the most time-consuming steps in the AP process: matching line-item details from invoices to purchase orders. It accelerates approvals by automatically matching line-item details between the PO and invoice while also improving accuracy. Visual indicators provide insight into where the AI agent is assisting which supports confident decision making while keeping customers in control.
    • Invoice Capture Enhancements: AvidXchange has expanded the AI capabilities within its Invoice Capture feature which makes it even easier for teams to move invoices through the approval process. These additional AI capabilities continuously learn the unique patterns of the data across invoices, delivering approval-ready invoices that reduce the need for manual touchpoints. As the feature learns, it will apply those insights to future invoices, helping teams work more efficiently with every transaction.

    “The AI-Enhanced Invoice Capture from AvidXchange is allowing our teams to enhance service to our clients,” said Paul Kramlick, Vice President, Transactional Services, FirstService Residential, a long-time AvidXchange customer. “We’ve reduced our invoice discrepancy queue by 20% and significantly increased accuracy across our AP operations. That allows our team to redirect time and resources to strategic priorities, driving innovation to benefit the communities we serve.”

    To learn more about AvidXchange’s invoice automation software and new AI capabilities, please visit here: https://www.avidxchange.com/solutions/invoice-automation-software/.

    About AvidXchange®
    AvidXchange (Nasdaq: AVDX) is a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers. With 25 years of industry experience, AvidXchange modernizes the way businesses manage their expenses and payments by offering AI-enhanced software coupled with support from experts. Empowering over 8,500 growth-driven businesses, AvidXchange increases efficiency, control, and visibility in financial operations and has securely processed payments to more than 1.3 million suppliers through its proprietary payment network over the past five years. For more information, visit avidxchange.com.

    Media Contact:  
    Kevin Logan
    Manager of Corporate Communications
    AvidXchange
    pr@avidxchange.com

    The MIL Network

  • MIL-OSI: Donegal Group Inc. Announces Release Date for First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    MARIETTA, Pa., April 02, 2025 (GLOBE NEWSWIRE) — Donegal Group Inc. (NASDAQ:DGICA) and (NASDAQ:DGICB) announced today that it plans to release its results for first quarter ended March 31, 2025, on Thursday, April 24, 2025, before the opening of regular trading on the NASDAQ Stock Market. The Company will provide a supplemental investor presentation in the Investors section of its website at investors.donegalgroup.com, concurrently with its earnings press release.

    At approximately 8:30 am ET on Thursday, April 24, 2025, the Company will make available in the Investors section of its website a pre-recorded audio webcast featuring management commentary by Kevin Burke, President and Chief Executive Officer; Jeffrey Miller, Executive Vice President and Chief Financial Officer; and select members of the senior management team. A pre-recorded question and answer session will follow formal remarks by management. Questions for consideration should be submitted via e-mail to investors@donegalgroup.com by 5:00 pm ET on Thursday, April 10, 2025.

    About Donegal Group Inc.

    Donegal Group Inc. is an insurance holding company whose insurance subsidiaries and affiliates offer property and casualty lines of insurance in 21 Mid-Atlantic, Midwestern, Southern and Southwestern states. Donegal Mutual Insurance Company and its insurance subsidiaries conduct business together with the insurance subsidiaries of Donegal Group Inc. as the Donegal Insurance Group. The Donegal Insurance Group has an A.M. Best rating of A (Excellent).

    The Class A common stock and Class B common stock of Donegal Group Inc. trade on the NASDAQ Global Select Market under the symbols DGICA and DGICB, respectively. The Company is focused on several primary strategies, including achieving sustained excellent financial performance, strategically modernizing its operations and processes to transform its business, capitalizing on opportunities to grow profitably and providing superior experiences to its agents, customers and employees.

    Investor Relations Contact

    Karin Daly
    Vice President, The Equity Group Inc.
    Phone: (212) 836-9623
    E-mail: kdaly@equityny.com

    The MIL Network

  • MIL-OSI: Trust Stamp Denmark Joins Mastercard Lighthouse MASSIV Program

    Source: GlobeNewswire (MIL-OSI)

    COPENHAGEN, April 02, 2025 (GLOBE NEWSWIRE) — Trust Stamp (Nasdaq: IDAI), the Privacy-First Identity Company™ has been selected as one of the five companies to join the competitive Mastercard Lighthouse MASSIV 2025 program. The initiative supports impact-driven technology companies addressing critical global challenges through strategic partnerships, and Trust Stamp’s selection for the program underscores its innovative, privacy-first identity solutions and its potential to drive meaningful social impact on a global scale.

    The Mastercard Lighthouse MASSIV program is a globally recognized platform that provides mentorship, networking opportunities, and strategic resources to companies that develop scalable and impactful technologies. By joining this program, Trust Stamp Denmark will collaborate with Mastercard and industry leaders to scale its impact and extend the reach of its privacy-first identity solutions. The company will focus on advancing financial inclusion, supporting humanitarian aid efforts, and enabling secure digital access for underserved communities. This partnership reinforces Trust Stamp Denmark’s commitment to ethical, privacy-focused identity solutions that drive financial inclusion and digital transformation on a global scale.

    Trust Stamp delivers privacy-first, interoperable identity solutions that empower underserved communities to securely access essential services without compromising personal data. By irreversibly converting biometrics into tokens using proprietary technology, Trust Stamp enhances fraud prevention, operational efficiency, and digital inclusion while ensuring the highest standards of security and privacy.

    “We are very excited to grow our engagement with Mastercard through the Lighthouse MASSIV program. Financial and societal inclusion is at the core of our Mission and by working with Mastercard we have the potential to improve the lives of tens of millions of people. By advocating for adaptable identity solutions and breaking vendor lock-in, we, together with partners in the MASSIV PROGRAM, can empower governments and organizations to implement sustainable and future-proof digital identity systems that prioritize universality, security, and privacy,” said Jonathan Patscheider, Vice President of Trust Stamp Denmark.

    Trust Stamp’s AI-powered identity solutions are designed to provide security and trust in digital transactions while preserving user privacy. As part of the Mastercard Lighthouse MASSIV program, Trust Stamp Denmark will collaborate with Mastercard and industry leaders to drive innovation in identity technology, creating sustainable and scalable solutions that empower individuals and organizations worldwide.

    For more information about Trust Stamp and its initiatives, visit www.truststamp.ai.

    Inquiries
    Trust Stamp                                                   Email: Shareholders@truststamp.ai

    Jonathan Patscheider

    Vice President, Trust Stamp Denmark         

    About Trust Stamp

    Trust Stamp is a global provider of AI-powered services for use in multiple sectors including banking and finance, regulatory compliance, government, healthcare, real estate, communications, and humanitarian services. Its technology empowers organizations via advanced solutions that reduce fraud, tokenize and secure data, securely authenticate users while protecting personal privacy, reduce friction in digital transactions, and increase operational efficiency, enabling customers to accelerate secure financial inclusion and reach and serve a broader base of users worldwide.

    With team members from twenty-two nationalities in eight countries across North America, Europe, Asia, and Africa, Trust Stamp trades on the Nasdaq Capital Market (Nasdaq: IDAI).

    Safe Harbor Statement: Caution Concerning Forward-Looking Remarks 

    All statements in this release that are not based on historical fact are “forward-looking statements” including within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The information in this announcement may contain forward-looking statements and information related to, among other things, the company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events-based information currently available and are subject to risks and uncertainties that could cause the company’s actual results to differ materially from those contained in the forward-looking statements. Investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

    The MIL Network

  • MIL-OSI: Real Matters to Announce Second Quarter Fiscal 2025 Financial Results on April 30, 2025

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 02, 2025 (GLOBE NEWSWIRE) — Real Matters Inc. (“Real Matters”), a leading network management services provider for the mortgage lending and insurance industries, will announce its second quarter fiscal 2025 financial results via news release on Wednesday, April 30, 2025, before market open.

    Conference Call and Webcast
    A conference call to review the results will take place at 10:00 a.m. (ET) on Wednesday, April 30, 2025, hosted by Chief Executive Officer Brian Lang and Chief Financial Officer Rodrigo Pinto. An accompanying slide presentation will be posted to the Investor Relations section of our website shortly before the call.

    Conference call dial-in:

    • Participants can dial-in to the conference call; however, pre-registration is required. To register, visit: https://register-conf.media-server.com/register/BIb410bf1804714fc98c4a22b2351db181.
    • Once registered, you will receive an email including dial-in details and a unique access code required to join the live call.
    • Please ensure you have registered at least 10 minutes prior to the conference call start time.

    To listen to the live webcast of the call:

    The webcast will be archived and a transcript of the call will be available in the Investor Relations section of our website following the call.

    About Real Matters
    Real Matters is a leading network management services provider for the mortgage lending and insurance industries. Real Matters’ platform combines its proprietary technology and network management capabilities with tens of thousands of independent qualified field professionals to create an efficient marketplace for the provision of mortgage lending and insurance industry services. Our clients include top 100 mortgage lenders in the U.S. and some of the largest banks and insurance companies in Canada. We are a leading independent provider of residential real estate appraisals to the mortgage market and a leading independent provider of title and mortgage closing services in the U.S. Headquartered in Markham (ON), Real Matters has principal offices in Buffalo (NY) and Middletown (RI). Real Matters is listed on the Toronto Stock Exchange under the symbol REAL. For more information, visit www.realmatters.com.

    For more information:
    Lyne Beauregard
    Vice President, Investor Relations and Corporate Communications
    Real Matters
    lbeauregard@realmatters.com
    416.994.5930

    The MIL Network

  • MIL-OSI: Nextvestment Named One of 2025’s Most Innovative WealthTech Companies for Reinventing Mass-Affluent Financial Advice

    Source: GlobeNewswire (MIL-OSI)

    Singapore , April 02, 2025 (GLOBE NEWSWIRE) — Nextvestment, an AI-native platform redefining how mass-affluent individuals receive financial advice, has been named one of the 2025 WealthTech100’s Most Innovative WealthTech Companies—a global list spotlighting firms that are transforming the wealth and asset management landscape.

    Michael Davies, Founder and CEO of Nextvestment

    Curated annually by FinTech Global, the WealthTech100 identifies standout companies shaping the future of client engagement, personalization, and regulatory innovation. Now in its seventh year, the list highlights 100 firms selected from over 1,200 global contenders and is referenced by senior leaders at banks, asset managers, and family offices worldwide.

    Many investors today face a choice between low-cost, do-it-yourself platforms and premium advisory services built for the ultra-wealthy—leaving a growing segment underserved.

    “It’s like being stuck between economy and first class on a flight,” said Michael Davies, CEO of Nextvestment. “These clients want more than basic service, but there’s nothing in between. That’s why we built Nextvestment—to create a personalized, ‘premium plus’ experience that’s both scalable and accessible.”

    A Missing Middle in Wealth Advice

    The wealth management industry is undergoing a generational shift as trillions of dollars move into the hands of younger, more digitally native investors. While high-net-worth clients receive bespoke service and entry-level investors turn to robo-advisors, individuals with $100k–$1M in investable assets often fall through the cracks.

    Nextvestment addresses this gap with a platform that analyzes real-time data, integrates house views from financial institutions, and nudges users toward timely, relevant decisions—while enabling human advisors to focus on deeper, higher-value conversations.

    Built to Fit, Not Overhaul

    Designed to integrate with the existing infrastructure of financial institutions, Nextvestment plugs into CRMs, portfolio management systems, and compliance workflows—minimizing the lift required for deployment.

    Platform Highlights:

    • Plug-and-Play Integration with enterprise systems and tools

    • Real-Time Copilot that identifies opportunities, risks, and client needs

    • Advisor Mode that supports seamless handoffs and deepens client relationships

    Early traction across institutions in Asia and Europe reflects rising demand for scalable, advisor-enhancing solutions that serve the mass-affluent market without compromising on personalization.

    Looking Ahead

    Nextvestment is enhancing its generative AI capabilities with a focus on long-term memory, behavioral context, and deeper personalization. These upgrades will allow the platform to better understand clients over time and deliver more relevant, timely insights.

    “We’re making conversations feel more natural, more intuitive—and more valuable,” said Davies.

    Upcoming features will include:

    • Proactive recommendations aligned with client goals and timing

    • Continuous learning from interactions to improve long-term advice

    • Advisor tools that highlight key opportunities across entire client books

    These enhancements aim to simplify decision-making for clients while helping financial institutions deliver more meaningful engagement at scale.

    About Nextvestment

    Founded in 2024 and headquartered in Singapore, Nextvestment builds AI-powered copilots for modern wealth management—empowering financial institutions to deliver personalized, proactive insights at scale. The platform combines cutting-edge technology with a human-first approach to improve advice delivery for the mass-affluent segment.

    Learn more or request a demo at: www.nextvestment.com

    About the WealthTech100

    Curated by FinTech Global, the WealthTech100 is an annual list of the world’s most innovative technology providers transforming investment, advice, and wealth management. Now in its seventh edition, the list highlights solutions addressing the industry’s biggest challenges—from personalization and engagement to compliance and digital transformation.

    More at: www.wealthtech100.com

    Media Contact

    Annabelle Lin

    Chief Revenue Officer

    annabelle@nextvestment.com

    The MIL Network

  • MIL-OSI: BexBack Launches Free Crypto Transfers, 100x Leverage Crypto Trading, No KYC, and Double Deposit Bonus

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 02, 2025 (GLOBE NEWSWIRE) — BexBack is reshaping the way traders engage with the cryptocurrency market by offering groundbreaking features that simplify and enhance trading experiences. With the introduction of free crypto transfers, 100x leverage, and No KYC requirements, BexBack provides a seamless and efficient platform to capitalize on crypto market volatility.

    Key Features of BexBack:

    1. Free Crypto Transfers
      BexBack now enables free transfers between cryptocurrencies with no fees when moving funds from one crypto asset to another, including BTC, ETH, USDT, and more. This makes it easy to manage your portfolio without the additional cost of conversion fees.
    2. 100x Leverage on Crypto Trading
      Take your crypto trading to the next level with 100x leverage on BTC, ETH, ADA, SOL, XRP, and many other top cryptocurrencies. Maximize your profit potential while managing risk carefully with higher leverage for large returns.
    3. No KYC Requirements
      No KYC means no long, tedious identity verification process. Open an account and start trading instantly without the hassle of submitting sensitive personal documents. This provides a faster, more convenient entry point for both new and experienced traders.
    4. Double Deposit Bonus

      Double your investment with BexBack’s 100% deposit bonus. Whether you’re a new or existing user, every deposit greater than 0.001 BTC or 100 USDT qualifies for this bonus, giving you more capital to trade with and increasing your profit opportunities.
    5. User-Friendly Interface
      BexBack is designed to be accessible to both beginners and professional traders, with an intuitive interface that allows you to trade seamlessly across the platform. From placing high-leverage trades to managing your portfolio, BexBack makes it easy.

    Why Choose BexBack?

    • Free Crypto Transfers: No fees for transferring between cryptocurrencies.
    • 100x Leverage Trading: Maximize profits with up to 100x leverage.
    • No KYC: Start trading instantly, with no need for identity verification.
    • Double Deposit Bonus: Get more funds to trade and amplify potential returns.
    • Wide Range of Supported Cryptocurrencies: Access to more than 50+ cryptocurrencies for trading.
    • Comprehensive Customer Support: 24/7 support to assist you with any questions or issues.

    Take Action Today – Don’t Miss Out!

    If you’re ready to take your crypto trading experience to the next level, BexBack is the platform to join. With no KYC, free crypto transfers, and a 100% deposit bonus, there has never been a better time to trade with high leverage and maximize your potential returns.

    Sign up now at www.bexback.com, claim your exclusive bonus, and start trading with 100x leverage today!

    About BexBack:
    BexBack is a leading cryptocurrency derivatives platform offering high-leverage trading, fast execution, and low fees. Headquartered in Singapore, BexBack is committed to providing traders with a reliable, transparent, and secure trading environment, supporting over 500,000 traders worldwide.

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

    Disclaimer: This content is provided by BexBack The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining related opportunities involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector–including cryptocurrency, NFTs, and mining–complete accuracy cannot always be guaranteed. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.Speculate only with funds that you can afford to lose.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    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 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.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/87a3726c-48c4-4b88-958a-57ae856655ff

    https://www.globenewswire.com/NewsRoom/AttachmentNg/09d06243-c582-42e9-a463-16cce8931a6d

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e6f7bc81-d808-4c92-8b4c-0a62d778bcfb

    https://www.globenewswire.com/NewsRoom/AttachmentNg/21e25235-50fb-426d-b1eb-169e2c9aac74

    https://www.globenewswire.com/NewsRoom/AttachmentNg/deeff78b-0cfd-4ba6-bab8-b9f814d3c7be

    The MIL Network

  • MIL-OSI United Kingdom: Ukraine Donor Platform confirms support for Ukraine’s recovery and reconstruction

    Source: United Kingdom – Executive Government & Departments

    World news story

    Ukraine Donor Platform confirms support for Ukraine’s recovery and reconstruction

    The Ukraine Donor Platform’s Steering Committee held its thirteenth meeting today, gathering for the second time in person in Ukraine’s capital Kyiv.

    The meeting brought together senior representatives of Platform members, observers and international financial institutions. 

    The UK reiterated our absolute commitment to securing a just and lasting peace in Ukraine and is engaging with key allies in support of this effort. The UK reaffirmed our unwavering support for Ukraine and our determination to contribute to Ukraine’s long-term economic stability, resilience, and recovery. 

    Budget financing needs 

    Finance Minister Marchenko confirmed Ukraine’s external financing needs for 2025, projected at USD 39.3 billion. Through joint efforts, including the financing being mobilised by the Extraordinary Revenue Acceleration (ERA) loan initiative, resources have been secured to cover its external budget financing needs for 2025. 

    Since the start of the full-scale invasion of Ukraine, the UK’s total military, economic and humanitarian support for Ukraine amounts to £15 billion: £10 billion in military support (including our £2.26 billion ERA Loan contribution), and £5 billion in non-military support. The UK’s non-military support comprises £4.1 billion in fiscal support through World Bank loan guarantees to bolster Ukraine’s economic stability and support vital public services, and £977million in bilateral support, including £477million in humanitarian assistance to Ukraine and the region since the start of the full-scale invasion.  

    Recovery and reconstruction of Ukraine 

    Ukraine presented its top recovery and reconstruction priorities for 2025, based on the fourth Rapid Damage and Needs Assessment and the Single Project Pipeline established by the Government of Ukraine: energy, heating, water supply and sanitation, housing and transport. Delivering effective support for Ukraine’s recovery and reconstruction is a key priority for the Platform and donors committed to further strengthen their engagement on this track. The UK emphasised the importance of long-term planning for recovery and reconstruction, including efforts to support social recovery which will be vital for underpinning economic recovery. 

    Ukraine has withstood the winter season, surmounting the impact of Russia’s attacks on energy infrastructure, with the strong support of the donor community. The UK will continue to support Ukraine in realising its vision of a cleaner, more modern, decentralised energy system.  

    The UK and other partners noted the importance of insurance for Ukraine’s recovery and reconstruction and for supporting international trade and investment. Work continues on facilitating a return of global reinsurance businesses to Ukraine. 

    Reforms driving sustainable growth and progress towards EU accession 

    Many participants welcomed Ukraine’s strong and continuing progress on reforms, including on the implementation of the Ukraine Plan, which are essential to improve the business climate, attract foreign direct investment and support economic development, and support Ukraine’s Euro-Atlantic trajectory.  

    Enhancing public investment management for recovery and reconstruction 

    Ukraine updated on its progress towards an effective, transparent and well-coordinated public investment management system, which is crucial for its successful recovery and reconstruction. An integral part will be the two project preparation facilities under development – the Ukraine PPF, to be administered by the Government of Ukraine with support from the World Bank, and Ukraine FIRST, to be administered by the European Investment Bank and the European Bank for Reconstruction and Development. The facilities are expected to be operational by the 2025 Ukraine Recovery Conference (URC 2025), which will take place in Rome on 10-11 July, hosted by the Governments of Italy and Ukraine. 

    Stakeholder engagement 

    The Steering Committee discussed the Business Advisory Council’s latest input and commended its members’ efforts to identify concrete steps to boost private sector investment in Ukraine. It also held a productive exchange of views with representatives of Ukrainian civil society, with a focus on human capital. This discussion also served as a preparatory event for the human dimension of URC 2025.

    Updates to this page

    Published 2 April 2025

    MIL OSI United Kingdom

  • MIL-OSI United Kingdom: DfE Update: 2 April 2025

    Source: United Kingdom – Executive Government & Departments

    Correspondence

    DfE Update: 2 April 2025

    Latest information and actions from the Department for Education about funding, assurance and resource management, for academies, local authorities and further education providers.

    Applies to England

    Documents

    Details

    Latest for further education

    Article Title
    Information 2025 to 2026 student financial support scheme guides published
    Information Maths and English continuous professional development grant competition
    Information Maths and English condition of funding academic year 2025 to 2026
    Information Post-16 budget grant and Teachers’ pension scheme employer contribution grants (TPSECG)
    Information 2025 to 2026 high needs operational guide has been updated
    Information FE initial teacher education (ITE) bursaries programme for academic year 2025 to 2026

    Latest information for academies

    Article Title
    Information The national non-domestic rates claim form for 2025 to 2026 is now open
    Information Pupil premium allocations for 2025 to 2026 financial year
    Information 2025 to 2026 student financial support scheme guides published
    Information Maths and English continuous professional development grant competition
    Information Maths and English condition of funding academic year 2025 to 2026
    Information Post-16 budget grant and Teachers’ pension scheme employer contribution grants (TPSECG)
    Information 2025 to 2026 high needs operational guide has been updated
    Information Capital funding to improve the condition of schools 2025 to 2026
    Events and webinars Risk protection arrangement (RPA) members only – stress workshop
    Events and webinars RPA members only – stress workshop

    Latest information for local authorities

    Article Title
    Information The national non-domestic rates claim form for 2025 to 2026 for local authorities who are also billing authorities is now open
    Information Section 251 budget collection 2025 to 2026
    Information Pupil premium allocations for 2025 to 2026 financial year
    Information Dedicated schools grant (DSG) 2024 to 2025 and 2025 to 2026 allocations
    Information Schemes for financing schools updated for 2025 to 2025
    Information 2025 to 2026 high needs operational guide has been updated
    Information 2025 to 2026 student financial support scheme guides published
    Information Maths and English continuous professional development grant competition
    Information Maths and English condition of funding academic year 2025 to 2026
    Information Post-16 budget grant and Teachers’ pension scheme employer contribution grants (TPSECG)
    Information Capital funding to improve the condition of schools 2025 to 2026
    Events and webinars Risk protection arrangement (RPA) members only – stress workshop
    Events and webinars RPA members only – stress workshop

    Updates to this page

    Published 2 April 2025

    Sign up for emails or print this page

    MIL OSI United Kingdom

  • MIL-OSI Security: Columbia Man Sentenced to More than 12 Years Federal Prison for Federal Firearm Offenses

    Source: Office of United States Attorneys

    COLUMBIA, S.C. — Everette Kale Wanamaker, 37, of Orangeburg, has been sentenced to more than 12 years in federal prison after pleading guilty to being a felon in possession of firearms and ammunition.

    Evidence presented to the court showed that on multiple occasions between November 2022 and February 2023, Wanamaker sold 15 firearms, including firearms with high-capacity magazines and obliterated serial numbers to undercover agents with the Bureau of Alcohol, Tobacco, Firearms and Explosives. Wanamaker also sold approximately 30 grams of fentanyl and 55 grams of counterfeit heroin to undercover agents. On Feb. 13, 2023, Wanamaker was arrested with three additional firearms, including one that was stolen and 28 grams of fentanyl.

    Wanamaker is a felon and prohibited from possessing firearms. Wanamaker has prior convictions for possession with intent to distribute marijuana, domestic violence 2nd degree, financial identity fraud, possession of heroin and possession of methamphetamine.

    United States District Mary Geiger-Lewis sentenced Wanamaker to 151 months’ imprisonment, to be followed by a three-year term of court-ordered supervision.  There is no parole in the federal system.

    This case is part of Project Safe Neighborhoods (PSN), a program bringing together all levels of law enforcement and the communities they serve to reduce violent crime and gun violence, and to make our neighborhoods safer for everyone. On May 26, 2021, the department launched a violent crime reduction strategy strengthening PSN based on these core principles: fostering trust and legitimacy in our communities, supporting community-based organizations that help prevent violence from occurring in the first place, setting focused and strategic enforcement priorities, and measuring the results.

    This case was investigated by the Bureau of Alcohol, Tobacco, Firearms and Explosives, Homeland Security Investigations, West Columbia Police Department, Lexington County Sheriff’s Department, and Richland County Sheriff’s Department. Assistant U.S. Attorney Ariyana Gore prosecuted the case.

    ###

    MIL Security OSI

  • MIL-OSI: From Greenland to the Blockchain: NORDO Meme Coin Turns Trump’s Arctic Ambition into Viral Political Satire

    Source: GlobeNewswire (MIL-OSI)

    NUUK, Greenland, April 02, 2025 (GLOBE NEWSWIRE) — A new crypto project is grabbing attention by mixing humor, politics, and polar bears. NORDO, a meme coin inspired by former U.S. President Donald Trump’s infamous 2019 proposal to “buy Greenland,” has transformed a real-world political controversy into a thriving meme-based movement on the blockchain.

    The Origin: A Political Gaffe Becomes a Meme

    In 2019, Trump publicly floated the idea of purchasing Greenland from Denmark. The suggestion sparked global ridicule and was firmly rejected by Danish and Greenlandic officials. Soon after, “Greenland is not for sale” became a viral meme.

    Now, in 2025, that meme has evolved into NORDO, a satirical crypto project built around a fictional conflict between Trump and a defiant polar bear protecting Greenland’s sovereignty and climate.

    What is NORDO?

    NORDO is more than a meme coin—it’s a platform for political commentary, digital creativity, and community-driven humor. The project uses storytelling and satire to highlight issues such as:

    • Climate change awareness
    • Political absurdity and internet culture
    • Decentralized community engagement
    • Memes as tools of activism and resistance

    Trump’s exaggerated persona and the image of a stoic polar bear defending the Arctic form the core of NORDO’s visual identity and meme ecosystem.

    Viral Growth and Online Movement

    NORDO has exploded across Twitter, TikTok, and Telegram, driven by a dedicated meme community. The project’s slogan, “Democracy has claws”, has become a viral catchphrase, often shared alongside satirical videos of Trump being outwitted or stopped by the arctic bear.

    NORDO’s official Twitter account @GreenlandBear, posts daily political memes, cold climate jokes, and social commentary wrapped in meme format, gaining attention from both crypto enthusiasts and casual meme lovers.

    Official Links

    Website: nordobear.com
    Twitter: @GreenlandBear
    Telegram: t.me/greenlandnordo

    Contact:
    Steven
    rarebear@nordo.wtf

    Disclaimer: This press release is provided by the NORDO. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.

    Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.
    Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    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.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6776fd94-5786-41ef-a1ba-7d8cbd524c0a

    The MIL Network