NewzIntel.com

Category: Finance

  • MIL-OSI Security: Sacramento Man Sentenced to 25 Years in Prison for Sexual Exploitation of Children

    Source: US FBI

    Jayson Fernandez Butay, 30, of Sacramento, was sentenced today by U.S. District Judge William B. Shubb to 25 years in prison for producing child sexual abuse material and possessing child sexual abuse material, Acting U.S. Attorney Kimberly A. Sanchez announced. Judge Shubb also ordered Butay to pay $118,278 to his victims in restitution.

    According to court documents, in April 2019, Butay used Snapchat to correspond with a 15‑year-old girl living in Finland. Butay lied about his identity and convinced her to send him naked images of herself. Once he received these images, Butay threatened to disclose them to his victim’s family and friends unless she sent him sexually explicit videos. In this way, Butay obtained at least one additional sexually explicit video from the victim. Butay also produced child sexual abuse material depicting additional minor victims, including at least one 9-year-old girl who remains unidentified, using common internet applications.

    Law enforcement agents subsequently executed federal search warrants at Butay’s residence in Sacramento. Agents seized hundreds of images and videos from Butay’s digital devices that depicted the sexual exploitation of children, including infants.

    “This investigation highlights the serious threat sextortionists pose to children who use popular messaging and social media apps,” said FBI Sacramento Field Office Special Agent in Charge Sid Patel. “Online anonymity combined with the natural inexperience of youth creates a dangerous environment that parents must better understand and monitor. The FBI works closely with our law enforcement partners to identify and bring these predators to justice. We urge anyone who has been targeted or victimized to come forward. You are not alone — we will help you.”

    This case was the product of an investigation by the Federal Bureau of Investigation. Assistant U.S. Attorney Sam Stefanki is prosecuting the case.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by the United States Attorneys’ Offices and the Criminal Division’s Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to locate, apprehend, and prosecute those who exploit children via the internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit Justice.gov/PSC.

    MIL Security OSI –

  • MIL-OSI Security: Vacaville Man Indicted for Firearm and Drug Possession

    Source: US FBI

    A federal grand jury returned a four-count indictment charging James Cargill, 44, of Vacaville, him with two counts of possession of methamphetamine with intent to distribute, being a felon in possession of a firearm, and possession of a firearm in furtherance of a drug trafficking offense, Acting U.S. Attorney Kimberly A. Sanchez announced.

    According to court documents, Cargill was arrested in January 2025 for possessing more than 500 grams of a substance or mixture containing methamphetamine and a loaded semi-automatic pistol. Cargill is prohibited from possessing firearms or ammunition due to his prior felony convictions for burglary, evading police officers, and possession of a firearm. After being released from custody, Cargill was arrested again in May 2025 for possessing methamphetamine and another loaded semi-automatic pistol.

    This case is the product of an investigation by the Vacaville Police Department, the Fairfield Police Department, the Federal Bureau of Investigation, and the Bureau of Alcohol, Tobacco, Firearms and Explosives. Assistant U.S. Attorney Charles Campbell is prosecuting the case.

    If convicted, Cargill faces a mandatory minimum of 15 years in prison, a maximum statutory penalty of life in prison and a $10 million fine. Any sentence, however, would be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables. The charges are only allegations; the defendant is presumed innocent until and unless proven guilty beyond a reasonable doubt.

    MIL Security OSI –

  • MIL-OSI: eToro to Announce Product Updates in Global Webinar on July 29, 2025

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 23, 2025 (GLOBE NEWSWIRE) — eToro Group Ltd. (“eToro”, or the “Company”) (NASDAQ: ETOR), the trading and investing platform, announced today it will host a webinar on Tuesday, July 29, 2025 at 10AM ET / 3PM BST / 4PM CET.

    Hosted by eToro’s Co-founder and CEO, Yoni Assia, the webinar ‘eToro Unlocked: Trade Without Boundaries’ will showcase the latest evolutions in eToro’s product offering and unveil details of what is coming next for users of the global trading and investing platform.

    To hear more about Yoni’s vision and the details of these product updates live, you can register here to join the webinar.

    For the latest on eToro, follow us @eToro.

    About eToro
    eToro is the trading and investing platform that empowers you to invest, share and learn. We were founded in 2007 with the vision of a world where everyone can trade and invest in a simple and transparent way. Today we have 40 million registered users from 75 countries. We believe there is power in shared knowledge and that we can become more successful by investing together. So we’ve created a collaborative investment community designed to provide you with the tools you need to grow your knowledge and wealth. On eToro, you can hold a range of traditional and innovative assets and choose how you invest: trade directly, invest in a portfolio, or copy other investors. You can visit our media center here for our latest news.

    Contact
    Media Relations – pr@etoro.com
    Investor Relations – investors@etoro.com

    eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

    eToro is a group of companies that are authorised and regulated in their respective jurisdictions. The regulatory authorities overseeing eToro include:

    • The Financial Conduct Authority (FCA) in the UK
    • The Cyprus Securities and Exchange Commission (CySEC) in Cyprus
    • The Australian Securities and Investments Commission (ASIC) in Australia
    • The Financial Services Authority (FSA) in the Seychelles
    • The Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) in the UAE

    Source: eToro Group Ltd.

    The MIL Network –

  • MIL-OSI Canada: 3rd Finance Ministers and Central Bank Governors Meeting

    Source: Government of Canada News

    Statement

    July 18, 2025

    We, the G20 Finance Ministers and Central Bank Governors (FMCBG), met on 17 and 18 July 2025, in Durban, South Africa. Under the G20 South African Presidency’s “Solidarity, Equality and Sustainability” theme, we committed to international policy cooperation to further promote global prosperity and address key shared challenges.

    Global Economy

    The global economy is facing heightened uncertainty and complex challenges, including ongoing wars and conflicts, geopolitical and trade tensions, disruptions to global supply chains, high debt levels, and frequent extreme weather events and natural disasters, which impact economic growth, financial and price stability. 

    In light of high public debt and fiscal pressures, we recognise the need to raise long-term growth potential by pursuing growth-oriented macroeconomic policies, while building fiscal buffers, ensuring fiscal sustainability, encouraging public and private investments and undertaking productivity-enhancing reforms. Structural reforms are essential for generating strong economic growth and creating more and better jobs. All excessive imbalances should be further analysed by the IMF and, if necessary and, without discrimination, addressed through country-specific reforms and multilateral coordination, in a way that contributes to an open global economy and without compromising sustainable global growth. We reaffirm our April 2021 exchange rate commitment.

    Central banks are strongly committed to ensuring price stability, consistent with their respective mandates, and will continue to adjust their policies in a data-dependent manner. Central bank independence is crucial to achieving this goal. 
     
    We emphasise the importance of strengthening multilateral cooperation to address existing and emerging risks to the global economy. We will continue to pursue efforts that advance prosperity and recognise the importance of the World Trade Organisation (WTO) to advance trade issues, and acknowledge the agreed upon rules in the WTO as an integral part of the global trading system. We recognise the WTO has challenges and needs meaningful, necessary, and comprehensive reform to improve all its functions, through innovative approaches, to be more relevant and responsive in light of today’s realities.

    We note the progress on the priorities of the Framework Working Group and look forward to the respective outcomes.  

    International Financial Architecture

    The Multilateral Development Banks (MDBs) are implementing the G20 MDB Roadmap and the recommendations from the Capital Adequacy Framework (CAF) Report. We acknowledge the progress of MDBs and the IFA Working Group in developing the Monitoring and Reporting Framework, and expect to receive the inaugural report in October. We further acknowledge CAF’s potential to help MDBs more efficiently utilise existing resources, share more risk with the private sector and utilise new instruments to increase lending capacity over the next decade. We also welcome the collaboration on blended finance among the International Finance Corporation and other MDBs. We look forward to the outcome of the International Bank for Reconstruction and Development’s 2025 Shareholding Review, in line with the Lima Shareholding principles.

    We support the 17th replenishment of the African Development Fund. We acknowledge the strategic importance of an enhanced G20 partnership with African economies, including through strengthening the G20 Compact with Africa, and welcome the Presidency’s side event on Mobilising G20 Investment for Sustainable Growth in Africa. We welcome the work initiated by the Presidency on the impediments to growth and development in Africa.

    We are committed to addressing debt vulnerabilities in low- and middle-income countries in an effective, comprehensive and systematic manner. To this end, we reaffirm our commitment to further strengthen the implementation of the G20 Common Framework (CF) in a predictable, timely, orderly, and coordinated manner. We endorse the G20 note on lessons learned from initial CF cases and the document outlining debt treatment steps. We welcome that the fact sheets on CF cases are now available on the G20 and Paris Club websites to enhance information sharing. We welcome the agreement on the Memorandum of Understanding on a debt treatment between Ethiopia and its Official Creditors Committee. We furthermore call for enhanced debt transparency from all stakeholders, including private creditors.

    We urge the international community to support vulnerable countries whose debt is sustainable but are facing liquidity challenges, and encourage the International Monetary Fund (IMF) and the World Bank to continue their work on feasible options to support these countries, which should be country-specific and voluntary.

    We acknowledge the G20 note on Special Drawing Rights (SDR) channelling. We note the achievement of exceeding USD 100 billion in voluntary channelling of SDRs or equivalent contributions for countries in need, and the transfer to the Poverty Reduction and Growth Trust and the Resilience and Sustainability Trust. We urge the swift delivery of pending pledges and encourage countries that are willing and legally able to explore channelling SDRs to MDBs while respecting the reserve asset status of the resulting SDR-denominated claims and ensuring their liquidity.

    We reaffirm our commitment to a strong, quota-based, and adequately resourced IMF at the centre of the Global Financial Safety Net. We have advanced the domestic approvals for our consent to the quota increase under the 16th General Review of Quotas, and we look forward to finalising this process with no further delay.  We acknowledge the importance of realignment in quota shares to better reflect members’ relative positions in the world economy while protecting the quota shares of the poorest members. We acknowledge, however, that building consensus among members on quota and governance reforms will require progress in stages.   We support the call for the IMF Executive Board to develop a set of principles guiding future discussions on IMF quotas and governance by the 2026 Spring meetings in line with the Diriyah Declaration.

    We underscore the need for enhancing the representation and voice of developing countries in decision-making in MDBs and other international economic and financial institutions. In that context, we welcome the creation of a 25th chair at the IMF Executive Board to enhance the voice and representation of Sub-Saharan Africa.

    We remain committed to promoting sustainable capital flows to EMDEs and fostering sound policy frameworks, notably central bank independence. We note the growing role of non-bank financial institutions (NBFIs) and ongoing work to understand the impact on capital flows.

    Sustainable Finance

    We note a commitment to strengthen the global sustainable finance architecture by helping to ensure robust, resilient and effective coordination among stakeholders to foster interoperability among MDBs, Vertical Climate and Environment Funds, and National Development Banks, in support of sustainability goals and national priorities, as appropriate. Scaling up co-financing and mobilising private sector resources by improving efficiency and promoting the use of innovative financial instruments is essential for developing countries’ risk-sharing in country-led climate investments.

    We acknowledge progress on tailoring key considerations that integrate adaptation and resilience into the voluntary transition plans of financial institutions and corporations. These efforts may support vulnerable sectors in moving towards sustainable and climate-resilient economies. We look forward to continued work related to more effective funding mechanisms for adaptation and promote flexible country-tailored solutions that address natural catastrophe insurance protection gaps by developing practical guidance and tools.

    We take note of the potential of high-integrity, voluntary, private-sector led carbon markets, including by promoting interoperability, accessibility, transparency and scalability. We note the efforts by the Climate Data Steering Committee to develop principles aimed towards building a Common Carbon Credit Data Model, as a voluntary tool.

    We note the progress made thus far on the multi-year G20 Sustainable Finance Roadmap which is flexible and voluntary in nature.

    Infrastructure

    Recognising that increasing quality infrastructure investment is critical to support faster and sustainable economic growth and development, we note the progress made in the development of a framework for effective planning and preparation practices, a report on scaling up blended finance de-risking measures, and a toolkit on advancing cross-border infrastructure projects. We also endorse the Practice Guide on Leveraging Project-Level Data and Digitising the Pipeline, and a Note on Improving the Accessibility and Availability of Key Market Data, which are voluntary and non-binding.

    Financial Sector Issues and Financial Inclusion

    We reaffirm our commitment to addressing vulnerabilities and promoting an open, resilient, and stable financial system, which supports economic growth, and is based on the consistent, full and timely implementation of all agreed upon reforms and international standards, including Basel III. We note the growing role of NBFIs in both EMDEs and AEs, and support the Financial Stability Board’s (FSB) work to address NBFI data availability and reporting, quality, use, and information sharing. We endorse the recently finalised FSB recommendations for addressing systemic risks from NBFI leverage and encourage implementation by jurisdictions. We welcome the appointment of the new FSB Chair, Andrew Bailey, Governor of the Bank of England.

    We reaffirm our commitment to the effective implementation of the G20 Roadmap for Enhancing Cross-border Payments (the Roadmap) as well as appropriate further actions as necessary to deliver on the Roadmap’s goals.  We welcome the initiatives undertaken by the FSB, the Bank for International Settlements’ (BIS) Committee on Payments and Market Infrastructures, the Financial Action Task Force (FATF), and other international organisations to advance progress in its implementation. We welcome the launch of the BIS Innovation Hub-G20 TechSprint 2025, which aims to promote innovative solutions that improve trust and integrity in open and scalable finance. We note the update on the FSB Roadmap for addressing climate-related financial risks and the upcoming FSB thematic peer review on the implementation of the high-level crypto assets and stablecoin recommendations.

    We reaffirm our commitment to support the FATF and FATF-Style Regional Bodies in overseeing the implementation of the FATF Standards to combat money laundering, terrorist financing and proliferation financing across the Global Network. In particular, we reiterate the importance of stepping up global efforts to combat the misuse of legal entities, to foster increased asset recovery, to enhance payments transparency, and to promote innovation in the virtual assets sector, while mitigating illicit finance involving virtual assets. We also support FATFs ongoing work on emerging technologies and associated risks including from DeFi arrangements, stablecoins, and peer-to-peer transactions.

    We reaffirm our commitment to financial inclusion and to promoting access to financial services for individuals and micro, small, and medium-sized enterprises (MSMEs). We welcome insights from the Presidency’s Priority Paper on “Moving from Access to Usage,” which offers innovative approaches to enhance the use of financial services across payments, savings, credit, insurance, and remittances. We support the ongoing implementation of the G20 Global Partnership for Financial Inclusion Action Plan for MSME Financing. We also welcome the deliverable to explore the role of new and innovative technologies in enhancing the quality of financial inclusion for individuals and MSMEs.

    International Taxation

    We will continue engaging constructively to address concerns regarding Pillar Two global minimum taxes, with the shared goal of finding a balanced and practical solution that is acceptable for all. Delivery of a solution will  need to include a commitment to ensure any substantial risks that may be identified with respect to the level playing field, including a discussion of the fair treatment of substance-based tax incentives, and risks of base erosion and profit shifting, are addressed and will facilitate further progress to stabilise the international tax system, including a constructive dialogue on the tax challenges arising from the digitalisation of the economy. These efforts will be advanced in close cooperation across the membership of the OECD/G20 Inclusive Framework (IF), preserving the tax sovereignty of all countries. We look forward to the OECD and Global Forum stock take report on tax transparency; the IF stock take report on BEPS; the OECD report on the exchange of real estate information on a voluntary basis to combat tax evasion and avoidance; the Platform for Collaboration on Tax (PCT) report on the progress in strengthening capacity-building frameworks to enhance technical assistance; and the IMF report on strengthening revenue administrations to improve domestic revenue mobilisation (DRM). We welcome the announcement of the PCT to hold the Tax and Development Conference, with a focus on DRM, in Tokyo next year.

    Recalling the G20 Rio de Janeiro Ministerial declaration on International Tax Cooperation, we welcome the IF’s decision to adopt a phased, evidence-based approach to explore global mobility and understand the interaction between tax policy, inequality and growth. We also welcome discussions to enhance the effectiveness and inclusivity of the IF. We note the ongoing negotiations to establish a United Nations Framework Convention on International Tax Cooperation and the participating G20 members reaffirm the objectives to reach broad consensus and build on existing achievements, processes and on the ongoing work of other international organisations, while seeking to avoid unnecessary duplication of efforts.

    Joint Finance Health Task Force

    The Joint Finance-Health Task Force (JFHTF) remains committed to strengthened finance and health co-ordination in relation to pandemic prevention, preparedness, and response (PPR). We emphasise the importance of efficient and effective health spending and domestic resource mobilisation, given the current reductions in donor assistance, as well as the need for better coordination and alignment of external and domestic funding flows. We note the preliminary insights of the updated versions of the Global Report on the Framework for Economic Vulnerabilities and Risks (FEVR) and of the Operational Playbook for response financing. We also note the Simulation exercises on pandemic response financing undertaken by finance and health officials and look forward to further exercises. We note the independent Joint Finance Health Task Force stocktake report, note the focused reconvening of the High-Level Independent Panel, and will continue to work with the Pandemic Fund and other global health funds that catalyse international and domestic investment actions to strengthen pandemic prevention, preparedness and responses.

    We note the outcome of the Fourth International Conference on Financing for Development, held from June 30 to July 3, 2025, in Seville, Spain, and the renewed commitment by participating countries to support developing countries in achieving their development objectives.

    We acknowledge the upcoming COP30 in Belém and note participating countries’ engagement within the COP30 Circle of Finance Ministers.

    We concluded our first cycle of G20 Finance Ministers and Central Bank Governors meetings on the vibrant continent of Africa, joining the people of South Africa in celebrating Nelson Mandela Day. Our discussions over the past two days centred on creating a better world, embodying the spirit of Mandela’s values. We look forward to our next meeting in October 2025 in Washington, D.C.

    MIL OSI Canada News –

  • MIL-OSI Security: Wetzel County Man Admits to Child Pornography Charge

    Source: US FBI

    WHEELING, WEST VIRGINIA – Robert Lee Lemasters, 61, of Paden City, West Virginia, has admitted to the possession of child pornography.

    According to court documents and police records, law enforcement received a tip that Lemasters had child pornography on his cell phone. A search of Lemasters’ phone uncovered hundreds of images and videos depicting children in sexual situations.

    Lemasters faces up to 20 years in federal prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Assistant U.S. Attorney Jennifer Conklin is prosecuting the case on behalf of the government.

    The Federal Bureau of Investigation and the United States Probation Office investigated.

    U.S. Magistrate Judge James P. Mazzone presided.

    MIL Security OSI –

  • MIL-OSI Security: Lawrence County Woman Pleads Guilty to Conspiracy to Commit Wire Fraud Targeting Missouri Lottery

    Source: US FBI

    SPRINGFIELD, Mo. – A Mt. Vernon, Mo., woman pleaded guilty in federal court today for her role in a wire fraud conspiracy that targeted the Missouri Lottery Commission and an area gas station.

    Amy Young, 42, pleaded guilty before U.S. Magistrate Judge David P. Rush to one count each of conspiracy to commit wire fraud and wire fraud.

    According to the plea agreement, Young conspired with others to employ a scheme to purchase Missouri lottery tickets using stolen and fraudulent credit cards and credit card numbers at a Joplin, Mo., Phillips 66 Fuel Station.

    Young and her co-conspirators made $62,082.50 in fraudulent transactions at the gas station in July and August of 2022. These transactions included the purchase of Missouri Lottery tickets. The perpetrators would send other individuals to collect any cash prizes associated with the tickets. The group fraudulently claimed $54,248 in cash prizes from the Missouri Lottery Commission. The fraudulent cash prizes and credit card transactions totaled $116,330.50.

    Young’s co-defendant, Larry Duane Green, 56, of Mt. Vernon, pleaded guilty to one count of wire fraud on April 15, 2024, and is pending sentencing.

    Under federal statutes, Young and Green are subject to sentences of up to 20 years in federal prison without parole and a maximum fine of $250,000 for each count. The maximum statutory sentence is prescribed by Congress and is provided here for informational purposes, as the sentencing of the defendant will be determined by the court based on the advisory sentencing guidelines and other statutory factors. A sentencing hearing will be scheduled after the completion of a presentence investigation by the United States Probation Office.

    This case is being prosecuted by Assistant U.S. Attorney Patrick Carney. It was investigated by the Federal Bureau of Investigation, the Joplin, Mo., Police Department, and the Springfield, Mo., Police Department.

    MIL Security OSI –

  • Centre steps up measures to improve health and well-being of women

    Source: Government of India

    Source: Government of India (4)

    The Centre has undertaken a series of initiatives aimed at improving women’s health, hygiene, and overall well-being, with a particular focus on reducing hardship, ensuring access to essential services, and promoting safety and dignity for women across the country.

    In a written reply to a question in the Rajya Sabha, Minister of State for Women and Child Development Savitri Thakur outlined several schemes that have played a crucial role in this regard, including Ujjwala Yojana, Jal Jeevan Mission and Swachh Bharat Abhiyan. These programmes, she said, have significantly reduced the drudgery and time poverty faced by women, while also improving health outcomes.

    As part of the Swachh Bharat Abhiyan, over 11.8 crore individual household latrines have been constructed nationwide. The Jal Jeevan Mission, meanwhile, has facilitated the provision of tap water connections to approximately 15.6 crore rural households.

    To enhance access to affordable healthcare products for women, the Department of Pharmaceuticals under the Ministry of Chemicals and Fertilizers is implementing the Pradhan Mantri Bharatiya Janaushadhi Pariyojana (PMBJP). Over 16,000 Janaushadhi Kendras have been established under this initiative, offering essential medicines and oxo-biodegradable sanitary napkins branded as Suvidha, priced at ₹1 per pad.

    The government has also introduced the ‘Scheme for Promotion of Menstrual Hygiene’ for adolescent girls aged 10-19, under the National Health Mission. The scheme provides subsidised sanitary napkin packs through Accredited Social Health Activists (ASHAs) and includes training for field workers as well as awareness drives. National guidelines on Menstrual Hygiene Management (MHM), developed under the Swachh Bharat Abhiyan, further aim to address behavioural change related to sanitation and hygiene, particularly in rural areas.

    Addressing the needs of working women and girl students, the Ministry of Women and Child Development has been implementing the Sakhi Niwas scheme-also known as the Working Women Hostel scheme-under the broader Mission Shakti initiative. The scheme is designed to provide safe and accessible accommodation for working women, as well as those pursuing higher education or training, across urban, semi-urban, and rural areas. It also includes provision for day-care facilities for the children of residents.

    In a push to expand infrastructure for women’s accommodation, the Ministry of Finance has allocated ₹5,000 crore under the Special Assistance to States for Capital Investment (SASCI) scheme for construction of new working women hostels. So far, approval has been granted for the construction of 254 hostels across 28 States, with a total capacity of 52,991 beds at an estimated cost of ₹4,826.31 crore. Of this, ₹3,147.66 crore has already been disbursed to the States for the financial year 2024-25.

  • MIL-OSI Canada: New Board Appointments Made to Saskatchewan’s Commercial Crown Corporations

    Source: Government of Canada regional news

    Released on July 23, 2025

    Today, new board of director appointments were announced in the Crown sector. 

    “Our government sincerely appreciates the leadership and service that each Crown board provides to their respective corporation,” Crown Investments Corporation Minister Jeremy Harrison said. “Many of the outgoing board members have served for multiple terms in their current role and have helped to lead initiatives that have truly benefited Saskatchewan people.”

    Out of a current total of 66 board members, there are:

    • five individuals who are changing responsibilities by being appointed to a new Crown; 
    • 15 individuals who are new to the Crown sector; and 
    • 24 individuals who are reappointed in their current Crown Board. 

    These changes are a result of both board renewal and current expiration of terms. 

    Board renewal is rooted in sound governance practice, and any outgoing board members’ skills, expertise and knowledge are evaluated for potential reappointments or redeployments to other government boards.

    “The oversight role of Saskatchewan’s commercial Crowns directly contributes to the province’s strong economy and a bright future for the people of Saskatchewan,” Harrison siad. “The individuals appointed today have the skills, knowledge and abilities to perform these duties as effectively as past board members have.” 

    All board members are being asked to serve to carry out the Crown Sector Strategic Priorities, which provide high-level shareholder direction that aligns the Crown sector with the government’s goals and priorities and are as follows:

    • affordability;  
    • reliability;
    • economic growth; and 
    • strong financial management. 

    As part of its oversight role, Crown Investments Corporation is committed to maintaining the highest standards of governance in the activities of its subsidiaries. All board members are subject to Criminal Record Checks and are supported with board training and orientation.

    All the new appointments are Saskatchewan residents. A full list of Crown board membership is attached. 

    -30-

    For more information, contact: 

    Media Relations
    Crown Investments Corporation
    Regina
    Phone: 306-787-7732
    Email: Communications@cicorp.sk.ca

    MIL OSI Canada News –

  • MIL-OSI: Music Licensing, Inc. (OTC: SONG) Enters Retainer Agreement with PCAOB-Registered Audit Firm for Review of Semi-Annual 2025 Financial Statements

    Source: GlobeNewswire (MIL-OSI)

    NAPLES, FL, July 23, 2025 (GLOBE NEWSWIRE) — Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, a diversified holding company and the fifth public performance rights organization (PRO) established in the United States, today announced that it has officially executed a retainer agreement with a Public Company Accounting Oversight Board (PCAOB)-registered audit firm. The agreement covers the review of the Company’s semi-annual financial statements for the period ending June 30, 2025.

    This engagement represents a critical milestone in the Company’s broader plan to adopt and maintain PCAOB-compliant financial reporting standards. It reflects a long-term commitment to enhancing transparency, supporting regulatory compliance, and upholding best practices in financial governance.

    The formal retention of a PCAOB-registered firm follows the Company’s July 2, 2025 announcement regarding its intention to pursue annual audits and periodic reviews of financial statements. With the agreement now in place, the Company expects to proceed with the independent review process and release its semi-annual 2025 financials accordingly.

    The initiative is designed to strengthen the integrity of the Company’s financial disclosures, build investor confidence, and support current and future capital markets activities.

    Music Licensing, Inc. licenses music to leading platforms and businesses globally, including TikTok, iHeartMedia, Triller, Napster, 7Digital, and Vevo. The Company holds an estimated 7.4% share of the U.S. public performance rights market and administers a catalog of over 2.5 million musical works. This includes works by high-profile recording artists as well as content generated through artificial intelligence (AI) platforms.

    The Company also maintains royalty interests in Listerine “Mouthwash” Antiseptic and in a large portfolio of musical works performed by internationally recognized artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Rihanna, Lil Nas X, and others.

    This step positions the Company for continued operational growth, improved transparency, and future scalability in line with public company reporting standards.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    About Music Licensing, Inc. (OTC:SONG)  (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) established in the United States. It is recognized under the federal registry of the United States government. The company licenses music to some of the most prominent platforms and businesses, including TikTok, iHeartMedia, Triller, Napster, 7Digital, Vevo, and many others.

    Pro Music Rights holds an estimated 7.4% market share in the United States, representing a catalog of more than 2.5 million works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and many others, including works generated by artificial intelligence (AI).

    Additionally, Music Licensing, Inc. (OTC: SONG) holds royalty interests in Listerine “Mouthwash” Antiseptic and a vast portfolio of musical works by globally renowned artists, including The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, BlueFace, The Game, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and many others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

    The MIL Network –

  • MIL-OSI Russia: Investing in China for a Win-Win Future Has Become a Broad Consensus Among Global Investors: China Foreign Ministry

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 23 (Xinhua) — Investing in China for the future with mutual benefits has become a broad consensus among global investors, Chinese Foreign Ministry spokesperson Guo Jiakun said Wednesday.

    Guo Jiakun pointed out that the Chinese side invites companies from all countries to participate in Chinese-style modernization, achieving more significant results and greater progress in the process of integration into high-quality development.

    A recent report released by the US-China Business Council shows that 82 percent of US companies in China will post a profit in 2024. While many companies said their biggest concerns were uncertainty in Sino-US relations and tariffs, the Chinese market remains vital to them.

    Commenting on this information, Guo Jiakun said that as of March 2025, 1.24 million foreign-invested companies had been established in China, with a total investment of nearly US$3 trillion.

    “By promoting China’s reform and opening up, these companies will enjoy broad growth opportunities and significant returns on investment,” the diplomat said, adding that statistics show that the number of newly established foreign-invested enterprises in China has seen a double-digit increase in the first half of 2025.

    Guo Jiakun noted that the just-concluded 3rd China International Supply Chain Expo saw the number of participating countries and regions increase to 75, while the first such event saw only 55 countries and regions.

    The number of American participants increased by 15 percent compared to the previous exhibition, which allowed the United States to maintain its leadership among foreign exhibitors. Among the foreign companies represented, more than 65 percent are included in the Fortune Global 500 list or are industry leaders.

    “Foreign-invested enterprises are expressing their confidence in China’s economic prospects through their concrete actions,” Guo Jiakun emphasized.

    The diplomat added that the Chinese government recently introduced new measures to encourage foreign investment, demonstrating sincerity and determination in promoting high-level opening-up. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI Russia: China Continues to Strengthen Trade Secret Protection from Criminal Offenses

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    BEIJING, July 23 (Xinhua) — Over the past five years, China has comprehensively strengthened criminal protection for trade secrets in key sectors such as strategic emerging industries, future industries and industries with traditional advantages, Li Jiantao, director of the Intellectual Property Crime Investigation Department of the Ministry of Public Security, said Wednesday.

    During the 14th Five-Year Plan period (2021-2025), public security organs across China launched a special campaign, investigating 576 criminal cases involving violations of commercial secrets in key sectors, Li Jiantao said at a press conference held by the State Council Information Office.

    During the specified period, about 156 thousand criminal cases related to violations of intellectual property rights and the production or sale of counterfeit and low-quality goods were also investigated, the ministry representative added. –0–

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

    .

    MIL OSI Russia News –

  • MIL-OSI USA: Operation Grayskull Culminates in Lengthy Sentences for Managers of Dark Web Site Dedicated to Sexual Abuse of Children

    Source: US State of California

    Operation Grayskull Eradicated Four Dark Web Child Abuse Sites and Led to the Convictions of 18 Offenders to Date, Who Have Collectively Received More than 300 Years in Prison

    Today, the Justice Department announced the results of Operation Grayskull, a highly successful joint effort between the Department of Justice and the FBI that resulted in the dismantling of four dark web sites dedicated to images and videos containing child sexual abuse material (CSAM). To date, the operation has led to the convictions of 18 offenders, including a Minnesota man who was sentenced yesterday to 250 months in prison and lifetime supervised release for his involvement with one of these dark web sites. He was also ordered to pay $23,000 in restitution.

    “Today’s announcement sends a clear warning to those who exploit and abuse children: you will not find safe haven, even on the dark web,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “These offenders thought that they could act without consequences, but they were wrong.  Thanks to the relentless determination of our prosecutors and law enforcement partners we have exposed these perpetrators for who they are, eliminated their websites and brought justice to countless victims.”

    “This operation represents one of the most significant strikes ever made against online child exploitation networks,” said FBI Director Kash Patel. “We’ve not only dismantled dangerous platforms on the dark web, but we’ve also brought key perpetrators to justice and delivered a powerful message: you cannot hide behind anonymity to harm children.”

    “Yesterday’s sentencing reaffirms our steadfast commitment to protecting our children, the most vulnerable among us, from those who exploit and harm them through the despicable trade in child sexual abuse material,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Thomas Peter Katsampes and his co-conspirators ran some of the darkweb’s most heinous networks, enabling horrific crimes against innocent victims, but Operation Grayskull has shut these sites down and delivered justice. We applaud the FBI and our international partners for their tireless work, and let this be a clear warning: we will relentlessly pursue and prosecute anyone engaged in such atrocities, no matter how they attempt to cover their tracks.”

    Thomas Peter Katsampes, 52, of Eagan, Minnesota, pleaded guilty to conspiracy to advertise and conspiracy to distribute child pornography on Feb. 27. According to court documents, Katsampes joined a dark web site dedicated to CSAM in 2022, advertised and distributed CSAM over the website, including CSAM depicting prepubescent children, and eventually worked his way up to a staff position on the web site, which, among other things, involved moderating the site, enforcing the site’s rules for posting CSAM, and advising the site’s users about how to post CSAM.

    In addition to Katsampes, eight individuals have been convicted and sentenced in the Southern District of Florida for their involvement in running the primary site targeted by Operation Grayskull.

    Defendant Residence Case Status
    Selwyn David Rosenstein Boynton Beach, Florida

    Pleaded guilty to conspiracy to advertise child pornography, five counts of advertisement of child pornography, and possession of child pornography.

    Sentenced on Dec. 12, 2022, to 28 years in prison and ordered to pay $80,500 in restitution to victims of his offense.
    Matthew Branden Garrell Raleigh, North Carolina

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 1, 2023, to 20 years and 10 months in prison and ordered to pay $158,500 in restitution to victims of his offense.
    Robert Preston Boyles Clarksville, Tennessee

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 15, 2023, to 23 years and four months in prison and ordered to pay $7,500 in restitution to victims of his offense.
    Gregory Malcolm Good Silver Springs, Nevada

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 22, 2023, to 25 years and 10 months in prison and ordered to pay $93,500 in restitution to victims of his offense.
    William Michael Spearman Madison, Alabama

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on Jan. 23, 2024, to life in prison and ordered to pay $123,400 in restitution to victims of his offense.
    Joseph Addison Martin Tahuya, Washington

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on April 18, 2024, to 42 years in prison and ordered to pay $174,500 in restitution to victims of his offense.
    Joseph Robert Stewart Milton, Washington

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on April 18, 2024, to 23 years and 9 months in prison and ordered to pay $19,500 in restitution to victims of his offense.
    Keith David McIntosh Grand Rapids, Michigan

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography, both as a person with a prior conviction for possession of child pornography.

    Sentenced on Dec. 19, 2024, to 55 years in prison.

    The website’s leaders advertised and distributed CSAM, promulgated rules for the website, enforced the rules by banning or scolding users who violated them, held staff meetings, recruited members to serve as staff members, recommended users for promotion, edited and deleted user posts, praised individuals for participating in and contributing to the website, kept records of CSAM posts made by individual members, and paid for and maintained the website servers, among other things.

    Operation Grayskull resulted in the dismantling of a total of four sites dedicated to images and videos depicting child sexual abuse. These websites were some of the most egregious on the dark web, and they included sections specifically dedicated to infants and toddlers, as well as depictions of violence, sadism, and torture. The websites also contained detailed advice on how to avoid detection by law enforcement – for example, by using sophisticated technologies.

    In other judicial districts around the country, nine additional individuals have been convicted for their involvement with these websites, including the following:

    • Charles Hand, of Aberdeen, Maryland, was prosecuted in the District of Maryland and was sentenced to 14 years in federal prison;
    • Michael Ibarra, of Wenatchee, Washington, was prosecuted in the Eastern District of Washington and was sentenced to 12 years in prison;
    • Clay Trimble, of Fordyce, Arkansas, was prosecuted in the Eastern District of Arkansas and was sentenced to 18 years in prison;
    • David Craig, of Houston, Texas, was prosecuted in the Southern District of Texas and was sentenced to nine years in prison;
    • Robert Rella of Chesapeake, Virginia, was prosecuted in the Eastern District of Virginia and was sentenced to five years and eight months in prison;
    • Samuel Hicks, of Fort Wayne, Indiana, was prosecuted in the Northern District of Indiana and was sentenced to 16 years in prison;
    • Richard Smith of Dallas, Texas, was prosecuted in the Eastern District of Texas and was sentenced to 14 years in prison;
    • Patrick Harrison, of Grand Rapids, Michigan, was prosecuted in the Western District of Michigan and was sentenced to five years and ten months in prison.
    • Thomas Gailus, of Webbers Falls, Oklahoma, was prosecuted in the Eastern District of Oklahoma, and his sentencing is pending.

    Two other individuals in the United States died before being charged for their involvement with the websites. The operation also resulted in arrests in the United Kingdom, the Netherlands, Italy, Germany, Estonia, Belgium, and South Africa.

    The FBI’s Child Exploitation Operational Unit and Miami Field Office, West Palm Beach Resident Agency investigated the cases.

    Acting Deputy Chief Kyle P. Reynolds and Trial Attorney William G. Clayman of the Justice Department’s Child Exploitation and Obscenity Section (CEOS) and former Assistant U.S. Attorney Gregory Schiller of the Southern District of Florida coordinated the operation and prosecuted the defendants in the Southern District of Florida.

    Substantial assistance for the cases prosected in the Southern District of Florida was provided by FBI Field Offices and Resident Agencies in Huntsville, Alabama; Reno, Nevada; Clarksville, Tennessee; Raleigh, North Carolina; Madison, Wisconsin; Tacoma, Washington; Grand Rapids, Michigan; and Minneapolis, Minnesota; CEOS’s High Technology Investigative Unit; and the U.S. Attorney’s Offices for the Northern District of Alabama, District of Nevada, Middle District of Tennessee, Eastern District of North Carolina, Western District of Wisconsin, Western District of Washington, Western District of Michigan, and District of Minnesota.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL OSI USA News –

  • MIL-OSI Security: Operation Grayskull Culminates in Lengthy Sentences for Managers of Dark Web Site Dedicated to Sexual Abuse of Children

    Source: United States Department of Justice

    Operation Grayskull Eradicated Four Dark Web Child Abuse Sites and Led to the Convictions of 18 Offenders to Date, Who Have Collectively Received More than 300 Years in Prison

    Today, the Justice Department announced the results of Operation Grayskull, a highly successful joint effort between the Department of Justice and the FBI that resulted in the dismantling of four dark web sites dedicated to images and videos containing child sexual abuse material (CSAM). To date, the operation has led to the convictions of 18 offenders, including a Minnesota man who was sentenced yesterday to 250 months in prison and lifetime supervised release for his involvement with one of these dark web sites. He was also ordered to pay $23,000 in restitution.

    “Today’s announcement sends a clear warning to those who exploit and abuse children: you will not find safe haven, even on the dark web,” said Acting Assistant Attorney General Matthew R. Galeotti of the Justice Department’s Criminal Division. “These offenders thought that they could act without consequences, but they were wrong.  Thanks to the relentless determination of our prosecutors and law enforcement partners we have exposed these perpetrators for who they are, eliminated their websites and brought justice to countless victims.”

    “This operation represents one of the most significant strikes ever made against online child exploitation networks,” said FBI Director Kash Patel. “We’ve not only dismantled dangerous platforms on the dark web, but we’ve also brought key perpetrators to justice and delivered a powerful message: you cannot hide behind anonymity to harm children.”

    “Yesterday’s sentencing reaffirms our steadfast commitment to protecting our children, the most vulnerable among us, from those who exploit and harm them through the despicable trade in child sexual abuse material,” said U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida. “Thomas Peter Katsampes and his co-conspirators ran some of the darkweb’s most heinous networks, enabling horrific crimes against innocent victims, but Operation Grayskull has shut these sites down and delivered justice. We applaud the FBI and our international partners for their tireless work, and let this be a clear warning: we will relentlessly pursue and prosecute anyone engaged in such atrocities, no matter how they attempt to cover their tracks.”

    Thomas Peter Katsampes, 52, of Eagan, Minnesota, pleaded guilty to conspiracy to advertise and conspiracy to distribute child pornography on Feb. 27. According to court documents, Katsampes joined a dark web site dedicated to CSAM in 2022, advertised and distributed CSAM over the website, including CSAM depicting prepubescent children, and eventually worked his way up to a staff position on the web site, which, among other things, involved moderating the site, enforcing the site’s rules for posting CSAM, and advising the site’s users about how to post CSAM.

    In addition to Katsampes, eight individuals have been convicted and sentenced in the Southern District of Florida for their involvement in running the primary site targeted by Operation Grayskull.

    Defendant Residence Case Status
    Selwyn David Rosenstein Boynton Beach, Florida

    Pleaded guilty to conspiracy to advertise child pornography, five counts of advertisement of child pornography, and possession of child pornography.

    Sentenced on Dec. 12, 2022, to 28 years in prison and ordered to pay $80,500 in restitution to victims of his offense.
    Matthew Branden Garrell Raleigh, North Carolina

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 1, 2023, to 20 years and 10 months in prison and ordered to pay $158,500 in restitution to victims of his offense.
    Robert Preston Boyles Clarksville, Tennessee

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 15, 2023, to 23 years and four months in prison and ordered to pay $7,500 in restitution to victims of his offense.
    Gregory Malcolm Good Silver Springs, Nevada

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on Aug. 22, 2023, to 25 years and 10 months in prison and ordered to pay $93,500 in restitution to victims of his offense.
    William Michael Spearman Madison, Alabama

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on Jan. 23, 2024, to life in prison and ordered to pay $123,400 in restitution to victims of his offense.
    Joseph Addison Martin Tahuya, Washington

    Pleaded guilty to engaging in a child exploitation enterprise.

    Sentenced on April 18, 2024, to 42 years in prison and ordered to pay $174,500 in restitution to victims of his offense.
    Joseph Robert Stewart Milton, Washington

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography.

    Sentenced on April 18, 2024, to 23 years and 9 months in prison and ordered to pay $19,500 in restitution to victims of his offense.
    Keith David McIntosh Grand Rapids, Michigan

    Pleaded guilty to conspiracy to advertise child pornography and conspiracy to distribute child pornography, both as a person with a prior conviction for possession of child pornography.

    Sentenced on Dec. 19, 2024, to 55 years in prison.

    The website’s leaders advertised and distributed CSAM, promulgated rules for the website, enforced the rules by banning or scolding users who violated them, held staff meetings, recruited members to serve as staff members, recommended users for promotion, edited and deleted user posts, praised individuals for participating in and contributing to the website, kept records of CSAM posts made by individual members, and paid for and maintained the website servers, among other things.

    Operation Grayskull resulted in the dismantling of a total of four sites dedicated to images and videos depicting child sexual abuse. These websites were some of the most egregious on the dark web, and they included sections specifically dedicated to infants and toddlers, as well as depictions of violence, sadism, and torture. The websites also contained detailed advice on how to avoid detection by law enforcement – for example, by using sophisticated technologies.

    In other judicial districts around the country, nine additional individuals have been convicted for their involvement with these websites, including the following:

    • Charles Hand, of Aberdeen, Maryland, was prosecuted in the District of Maryland and was sentenced to 14 years in federal prison;
    • Michael Ibarra, of Wenatchee, Washington, was prosecuted in the Eastern District of Washington and was sentenced to 12 years in prison;
    • Clay Trimble, of Fordyce, Arkansas, was prosecuted in the Eastern District of Arkansas and was sentenced to 18 years in prison;
    • David Craig, of Houston, Texas, was prosecuted in the Southern District of Texas and was sentenced to nine years in prison;
    • Robert Rella of Chesapeake, Virginia, was prosecuted in the Eastern District of Virginia and was sentenced to five years and eight months in prison;
    • Samuel Hicks, of Fort Wayne, Indiana, was prosecuted in the Northern District of Indiana and was sentenced to 16 years in prison;
    • Richard Smith of Dallas, Texas, was prosecuted in the Eastern District of Texas and was sentenced to 14 years in prison;
    • Patrick Harrison, of Grand Rapids, Michigan, was prosecuted in the Western District of Michigan and was sentenced to five years and ten months in prison.
    • Thomas Gailus, of Webbers Falls, Oklahoma, was prosecuted in the Eastern District of Oklahoma, and his sentencing is pending.

    Two other individuals in the United States died before being charged for their involvement with the websites. The operation also resulted in arrests in the United Kingdom, the Netherlands, Italy, Germany, Estonia, Belgium, and South Africa.

    The FBI’s Child Exploitation Operational Unit and Miami Field Office, West Palm Beach Resident Agency investigated the cases.

    Acting Deputy Chief Kyle P. Reynolds and Trial Attorney William G. Clayman of the Justice Department’s Child Exploitation and Obscenity Section (CEOS) and former Assistant U.S. Attorney Gregory Schiller of the Southern District of Florida coordinated the operation and prosecuted the defendants in the Southern District of Florida.

    Substantial assistance for the cases prosected in the Southern District of Florida was provided by FBI Field Offices and Resident Agencies in Huntsville, Alabama; Reno, Nevada; Clarksville, Tennessee; Raleigh, North Carolina; Madison, Wisconsin; Tacoma, Washington; Grand Rapids, Michigan; and Minneapolis, Minnesota; CEOS’s High Technology Investigative Unit; and the U.S. Attorney’s Offices for the Northern District of Alabama, District of Nevada, Middle District of Tennessee, Eastern District of North Carolina, Western District of Wisconsin, Western District of Washington, Western District of Michigan, and District of Minnesota.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and CEOS, Project Safe Childhood marshals federal, state and local resources to better locate, apprehend and prosecute individuals who exploit children via the Internet, as well as to identify and rescue victims. For more information about Project Safe Childhood, please visit www.justice.gov/psc.

    MIL Security OSI –

  • MIL-OSI: Subsea7 awarded substantial contract

    Source: GlobeNewswire (MIL-OSI)

    Luxembourg – 23 July 2025 – Subsea7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the award of a substantial(1) contract.

    The project involves the engineering and offshore installation of flexible pipe, umbilicals, subsea equipment and a mooring system.

    Project management and engineering activities will begin immediately at Subsea7’s office in Houston, Texas, with offshore operations expected to start in 2027.

    No additional details will be provided at this time.

    (1)   Subsea7 defines a substantial contract as being between $150 million and $300 million.

    *******************************************************************************
    Subsea7 is a global leader in the delivery of offshore projects and services for the evolving energy industry, creating sustainable value by being the industry’s partner and employer of choice in delivering the efficient offshore solutions the world needs.

    Subsea7 is listed on the Oslo Børs (SUBC), ISIN LU0075646355, LEI 222100AIF0CBCY80AH62.

    *******************************************************************************

    Contact for investment community enquiries:
    Katherine Tonks
    Investor Relations Director
    Tel +44 20 8210 5568
    ir@subsea7.com

    Contact for media enquiries:
    Ashley Shearer
    Communications Manager
    Tel +1-713-300-6792
    ashley.shearer@subsea7.com

    Forward-Looking Statements: This document may contain ‘forward-looking statements’ (within the meaning of the safe harbour provisions of the U.S. Private Securities Litigation Reform Act of 1995). These statements relate to our current expectations, beliefs, intentions, assumptions or strategies regarding the future and are subject to known and unknown risks that could cause actual results, performance or events to differ materially from those expressed or implied in these statements. Forward-looking statements may be identified by the use of words such as ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘future’, ‘goal’, ‘intend’, ‘likely’ ‘may’, ‘plan’, ‘project’, ‘seek’, ‘should’, ‘strategy’ ‘will’, and similar expressions. The principal risks which could affect future operations of the Group are described in the ‘Risk Management’ section of the Group’s Annual Report and Consolidated Financial Statements. Factors that may cause actual and future results and trends to differ materially from our forward-looking statements include (but are not limited to): (i) our ability to deliver fixed price projects in accordance with client expectations and within the parameters of our bids, and to avoid cost overruns; (ii) our ability to collect receivables, negotiate variation orders and collect the related revenue; (iii) our ability to recover costs on significant projects; (iv) capital expenditure by oil and gas companies, which is affected by fluctuations in the price of, and demand for, crude oil and natural gas; (v) unanticipated delays or cancellation of projects included in our backlog; (vi) competition and price fluctuations in the markets and businesses in which we operate; (vii) the loss of, or deterioration in our relationship with, any significant clients; (viii) the outcome of legal proceedings or governmental inquiries; (ix) uncertainties inherent in operating internationally, including economic, political and social instability, boycotts or embargoes, labour unrest, changes in foreign governmental regulations, corruption and currency fluctuations; (x) the effects of a pandemic or epidemic or a natural disaster; (xi) liability to third parties for the failure of our joint venture partners to fulfil their obligations; (xii) changes in, or our failure to comply with, applicable laws and regulations (including regulatory measures addressing climate change); (xiii) operating hazards, including spills, environmental damage, personal or property damage and business interruptions caused by adverse weather; (xiv) equipment or mechanical failures, which could increase costs, impair revenue and result in penalties for failure to meet project completion requirements; (xv) the timely delivery of vessels on order and the timely completion of ship conversion programmes; (xvi) our ability to keep pace with technological changes and the impact of potential information technology, cyber security or data security breaches; (xvii) global availability at scale and commercially viability of suitable alternative vessel fuels; and (xviii) the effectiveness of our disclosure controls and procedures and internal control over financial reporting. Many of these factors are beyond our ability to control or predict. Given these uncertainties, you should not place undue reliance on the forward-looking statements. Each forward-looking statement speaks only as of the date of this document. We undertake no obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

    This information is considered to be inside information pursuant to the EU Market Abuse Regulation and is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act. 
    This stock exchange release was published by Katherine Tonks, Investor Relations, Subsea7, on 23 July 2025 at 18:20 CET.

    Attachment

    The MIL Network –

  • MIL-OSI Africa: Nigeria to Showcase Executive Order Reforms, Investment Opportunities at African Energy Week (AEW) 2025

    Source: APO

    Nigeria is undertaking sweeping reforms across its oil and gas industry, driven by a landmark Executive Order signed by President Bola Ahmed Tinubu aimed at catalyzing investment and eliminating regulatory inefficiencies. At the “Invest in Nigeria” Roundtable during African Energy Week (AEW) 2025: Invest in African Energies – sponsored by NCDMB and taking place in Cape Town on September 29-October 3 – senior policymakers and industry leaders will unpack the scope of these reforms, explore how they are reshaping the investment landscape, and present new opportunities across upstream, midstream and downstream value chains. 

    Set to speak are Olu Verheijen, Special Advisor to the President of Nigeria on Energy; Arthur Ename, Vice President of Business Development, Africa, at NOV; Nosa Omorodion, Country Director at SLB Nigeria; Alex Irune, Executive Director of Oando and Managing Director of Oando Energy Resources; a senior representative from ExxonMobil; and Philip Mshelbila, Managing Director and CEO of Nigeria LNG (NLNG). The roundtable will offer high-level insight into the regulatory reset now underway and what it means for investors looking to expand or enter the Nigerian market. 

    The Executive Order, signed in April 2025, targets cost efficiency and fiscal competitiveness in upstream operations and introduces performance-based tax credits for oil and gas companies that deliver verifiable reductions in project costs. Under the framework, operators that meet annual cost-reduction benchmarks set by the Nigerian Upstream Petroleum Regulatory Commission are eligible to retain 50% of the incremental government revenue generated by their efficiency gains, with total credits capped at 20% of their annual tax liability. 

    This move directly addresses long-standing concerns over high operating costs in Nigeria’s upstream sector, which have historically deterred investment and delayed project execution. By linking tax relief to measurable cost savings, the Order is expected to unlock stalled developments, attract new capital and create a more transparent, performance-driven investment climate. 

    At the AEW 2025 roundtable, speakers will examine how this reform is already reshaping Nigeria’s energy landscape – enabling more competitive bidding for contracts, accelerating international oil company divestments and positioning indigenous players to scale up their operations within a more commercially attractive and operationally efficient environment. 

    Nigeria is also doubling down on natural gas as the cornerstone of its long-term energy strategy. With over 200 trillion cubic feet of proven reserves, the country is accelerating infrastructure development to support both domestic utilization and regional exports. A flagship project, the NLNG Train 7 expansion, is nearing completion and set to boost production capacity by 35%, underscoring the critical role of LNG in Nigeria’s economic growth and energy transition plans. At the same time, upstream and midstream gas investments are being enabled through policy instruments that promote modular processing, flexible pricing frameworks and improved market access for domestic suppliers. 

    The private sector is poised to play a central role in this next phase. Companies like SLB and NOV are aligning their strategies with the government’s push for localization, efficiency and innovation, while firms such as Oando are expanding their portfolios to reflect new realities in the post-Petroleum Industry Act landscape. With enhanced policy stability and a deliberate focus on sector transformation, Nigeria is reasserting its status as one of Africa’s most strategic hydrocarbon hubs. 

    Distributed by APO Group on behalf of African Energy Chamber.

    About AEW:
    AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit www.AECWeek.com for more information about this exciting event. 

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI Africa: CORRECTION: Affluenz Magazine Unveils Commemorative Issue Spotlighting United Arab Emirates (UAE) Founding Father Sheikh Zayed, Noura Al Kaabi, and African Visionary Elvis Abuyere

    Source: APO

    Affluenz Magazine (www.Affluenz.com), International’s leading global luxury, leadership, and impact publication, has officially released its much-anticipated July/August 2025 issue — a special edition commemorating the 20th anniversary of the passing of His Highness Sheikh Zayed bin Sultan Al Nahyan, the Founding Father of the United Arab Emirates.

    This commemorative edition features a powerful trio of cover stories — spotlighting the enduring legacy of Sheikh Zayed, the cultural diplomacy of UAE’s Minister of State, Noura bint Mohammed Al Kaabi, and the entrepreneurial excellence of Elvis Abuyere, CEO of Skywise Group, one of Africa’s most innovative investment firms.

    This historic issue celebrates Sheikh Zayed’s vision of unity, progress, and inclusion — a legacy that continues to define the modern UAE. Affluenz Magazine delves into his leadership, values, and role in positioning the Emirates as a hub of diplomacy, innovation, and tolerance.

    Also on the cover is Noura Al Kaabi, a global advocate for cultural dialogue and creative economies. In her exclusive interview, she discusses the UAE’s mission to foster global cultural exchange and its investment in youth empowerment across the Arab world and Africa.

    Rounding out the trio is Elvis Abuyere, the young African magnate who has risen to prominence through Skywise Group’s diversified holdings in key industries such as automobiles, finance, travel, real estate, and philanthropy. His story of resilience, reinvention, and corporate leadership offers inspiration for a new generation of African entrepreneurs.

    Beyond the covers, the issue features in-depth profiles on several influential leaders and institutions across Africa and the Middle East — from oil and gas executives and royalty to social innovators and philanthropists — all of whom are making measurable impact in their sectors and communities.

    Beyond its striking covers, the July/August 2025 edition of Affluenz Magazine delivers an enriching array of exclusive features and compelling interviews that spotlight transformative figures shaping Africa and the global stage.

    Among the celebrated personalities is Ameera Abraham, the trailblazing founder of The Nail Bar, who shares her journey in redefining luxury wellness and empowering a new wave of African beautypreneurs. Equally inspiring is Tonya Lawani, the formidable force behind SEAL Group, whose strategic leadership continues to drive innovation and empowerment across industries.

    Linda Turner, founder of Linda Hope Initiatives and CEO of Jat Holdings, exemplifies the powerful blend of business acumen and humanitarian spirit. With ventures spanning real estate, fashion, interior design, and hospitality, she personifies resilience and compassion, balancing her roles as a mother, wife, entrepreneur, and advocate—all grounded in her unwavering commitment to uplifting lives.

    Adunni Rinwa emerges as a beacon of integrity and innovation in Nigeria’s real estate sector. As founder and CEO of Rinwa Realty, she has revolutionized property investment and homeownership, raising the bar for transparency and delivery in the industry.

    The issue also features Hassan Imam, Managing Director of Keystone Bank, recognized for his strategic role in redefining digital banking and financial inclusion in Nigeria. From the UAE, Hussain Abdulrahman Khansaheb is profiled for his contributions to sustainable urban development and visionary leadership in construction and infrastructure.

    Adding to the intellectual gravitas of the edition is Peace Hyde, celebrated media entrepreneur, educator, and founder of Aim Higher Africa. Her voice continues to inspire a generation to dream big and build boldly.

    Together, these stories reflect the essence of Affluenz Magazine: a publication committed to elevating Africa’s voices, capturing legacies in the making, and connecting excellence across continents.

    Founded in 2011 as Pleasures Magazine and rebranded as Affluenz Magazine in 2024, the publication has evolved into a world-class platform that highlights African and Middle Eastern excellence, entrepreneurship, and culture. With editorial offices in Abuja, Dubai,Riyadh Accra, Washington DC and London, the magazine reaches readers in over 103 countries and maintains syndication through platforms like Yahoo Finance, Business Insider, and Washington Times.

    Speaking about the new edition, Executive Publisher Adedotun Olaoluwa remarked:
    “This special issue is not just a tribute to Sheikh Zayed, but a celebration of global visionaries — individuals building bridges across continents. Affluenz continues to be a vessel for celebrating our shared humanity and transformative leadership from Africa to the Middle East.”

    The July/August 2025 issue is now available in digital and print formats across select global outlets, including Barnes & Noble (US), WHSmith (UK), and Virgin Megastore (UAE), as well as through Affluenz’s official website: www.Affluenz.com and Selar (https://apo-opa.co/45fvREG).

    Distributed by APO Group on behalf of The Affluenz (formerly Pleasures Magazine).

    Contact:
    Dotmount Communications
    Email: info@affluenz.com
    Instagram: @ affluenzmag
    Phone: +234 816 090 6918
    https://apo-opa.co/45fvREG

    Media files

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    MIL OSI Africa –

  • MIL-OSI Canada: SIRT Concludes Investigation Into Injuries Sustained During Arrest in Saskatoon

    Source: Government of Canada regional news

    Released on July 23, 2025

    On September 21, 2023, the Saskatchewan Serious Incident Response Team (SIRT) received a notification from the Saskatoon Police Service (SPS) regarding an incident that had occurred in the early morning in that community. SIRT’s Civilian Executive Director accepted the notification as within SIRT’s mandate and directed SIRT to investigate. 

    SIRT has completed its investigation into this matter and the Civilian Executive Director’s public report can now be accessed online: https://publications.saskatchewan.ca/admin/#/products/126689/.

    SIRT’s mandate is to independently investigate incidents where an individual has died or suffered serious injury arising from the actions of on and off-duty police officers, or while in the custody of police, as well as allegations of sexual assault or interpersonal violence involving police.

    For additional information, visit:
    SIRT to Investigate Injuries Sustained During Arrest in Saskatoon | News and Media | Government of Saskatchewan.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Safeguarding Lake Champlain with Wastewater Upgrades

    Source: US State of New York

    overnor Hochul today announced the completion of a critical $3.1 million wastewater infrastructure improvement project in the Town of Westport, Essex County. The improvements not only protect public health and the environment but also help preserve Lake Champlain’s role as a vital driver of the local tourism economy. State, federal, and local investments are minimizing the financial impact of this critical project on local ratepayers.

    “Every New Yorker deserves access to affordable clean water and reliable infrastructure,” Governor Hochul said. “This investment in Westport is a win for families, local businesses, and the millions who visit Lake Champlain each year. By making critical upgrades affordable for small communities, we’re protecting public health, supporting a vital tourism economy and building a more sustainable future for the Adirondacks, North Country and beyond.”

    Project Overview

    The project focused on rehabilitating Sewer District No. 1 to address critical infrastructure needs. Deteriorated pipes and manholes had allowed excessive stormwater and groundwater to infiltrate the wastewater collection system. This excess flow strained the wastewater treatment plant and threatened the local watershed.

    By lining and replacing deteriorated gravity sewers and manholes, the town achieved a substantial reduction in key areas of the district; the town has substantially reduced inflow and infiltration. This crucial improvement significantly enhances the reliability and resiliency of its wastewater treatment operations, ensuring long-term compliance with state environmental regulations, and directly contributing to improved water quality in Lake Champlain, a vital regional resource.

    Funding Breakdown

    To help Westport affordably undertake this project, New York State Department of Environmental Conservation provided a grant, and the New York State Environmental Facilities Corporation provided a grant and interest-free financing package:

    • $1.9 million Water Quality Improvement Project grant
    • $100,000 Wastewater Infrastructure Engineering Planning Grant to jumpstart the project. Planning grants set the framework to advance fiscally sound and well-designed projects to construction by supporting completion of an approvable engineering report for the project
    • $309,000 Water Infrastructure Improvement grant
    • $928,000 interest-free hardship financing from the Clean Water State Revolving Fund

    The financial assistance provided to Westport through the Clean Water State Revolving Fund is projected to save local ratepayers over $1.3 million in debt service compared to traditional financing. In the short-term, loans subsidized through the State Revolving Funds can save communities as much as 75 percent in interest payments compared to borrowing in the municipal bond market.

    In the long-term, State Revolving Fund loan repayments to EFC create a self-sustaining source of recurring revenue to meet the never-ending need to rehabilitate, replace and modernize aging infrastructure in the State. The State Revolving Funds are New York’s primary financial mechanism for advancing its clean water goals, delivering over $1 billion annually to communities statewide. Combined with targeted State grants, the State Revolving Funds are part of New York’s broader strategy to maximize the impact of infrastructure dollars, ensuring every region benefits from cleaner water, safer systems, and long-term sustainability.

    Fully funded State Revolving Funds are necessary for New York to be prepared to meet the never-ending need for communities to repair, rehabilitate and modernize aging infrastructure in the future. Access to affordable financing increases investment in water infrastructure, which can prevent costly catastrophic system failures and alleviate pressure on utilities to raise rates, providing relief to many families already struggling to pay their water bills.

    Investing in the Adirondacks

    This project is part of Governor Kathy Hochul’s comprehensive affordability and clean water agenda to help ensure communities statewide have access to safe and sustainable water systems. The State allocated 22 percent of its financial assistance through the State Revolving Funds to Adirondack communities this year, totaling $263 million. In the past decade, EFC has awarded $623 million in financing and State and federal grants to projects in the Blue Line. This amount includes $316 million in State Water Infrastructure Improvement grants, reinforcing the State’s commitment to helping small, rural communities affordably invest in water infrastructure. These strategic investments are helping to modernize aging systems, safeguard natural resources, and reduce the financial burden on rural ratepayers.

    In the last 10 years, DEC funded 76 projects in the Adirondacks through WQIP alone, totaling more than $71 million to upgrade critical water and sewer infrastructure and protect water quality and the environment. At least $75 million is currently available through DEC’s WQIP program and up to $3 million is available through DEC’s Non-Agriculture Nonpoint Source Planning and Municipal Separate Storm Sewer System (MS4) Mapping Grant (NPG) program.

    Applications for these grants are available through the New York State’s Consolidated Funding Application (CFA) through July 31, 2025, at 4 p.m.

    Supporting Small and Rural Communities

    Under Governor Hochul’s leadership, EFC is currently accepting applications for $325 million in grants, including enhanced awards for sewer projects in small and rural communities. Even with substantial state support for water infrastructure, many small municipalities still face financial barriers. To address this, Governor Hochul once again directed EFC to double grants from 25 percent to 50 percent of the net eligible project costs for small struggling communities. This enhanced funding will significantly reduce the financial impact on local ratepayers.

    EFC’s Community Assistance Teams are available to help local governments complete funding applications and encourage communities to reach out to receive help in addressing their local water infrastructure needs. This targeted outreach helps ensure that small, rural communities can successfully compete for funding and implement urgently needed projects.

    EFC President and CEO Maureen A. Coleman said, “Modern, reliable wastewater systems are essential to community health and environmental protection. EFC is pleased to support the Town of Westport’s strategic investments in its water infrastructure, making this project affordable for ratepayers and ensuring that Lake Champlain continues to thrive as both an ecological asset and a cornerstone of the local tourism economy.”

    DEC Commissioner Amanda Lefton said, “Under Governor Hochul’s leadership, New York is making record investments to enhance water quality in Lake Champlain and in communities throughout the state. Overhauling Westport’s aging infrastructure and updating wastewater treatment operations reduce pollution and phosphorus that impairs Lake Champlain, threatens drinking water, and contributes to harmful algal blooms. DEC looks forward to continuing to make these essential investments to reduce the financial burden on New Yorkers, safeguard drinking water, and ensure our natural resources are well protected.”

    Senator Charlies Schumer said, “Lake Champlain is a crown jewel of the North Country and boosts our local tourism economy. I’m proud to have delivered nearly $1 million in federal funding to modernize the Town of Westport’s wastewater system. This upgrade will help keep Lake Champlain clean by cleaning up the gravity sewers and manholes, preserving the lake’s crucial role for tourism in the North Country – all while creating good-paying jobs, jobs, jobs. I’m grateful for Governor Hochul’s partnership in the fight to turn the tide on our state’s aging water sewer infrastructure to keep our communities economically safe, healthy and vibrant.”

    Senator Kirsten Gillibrand said, “The health and safety of our communities is dependent on access to safe and reliable water infrastructure. Far too many across the country lack access to the functional and efficient water systems they need, and I am proud that this project will help protect the welfare of Westport families and the millions who visit Lake Champlain every year. I will continue fighting in the Senate to bring home more funding to modernize our aging infrastructure so that all New Yorkers have access to the clean and efficient water systems they deserve.

    Town of Westport Supervisor Michael “Ike” Tyler said, “This project was essential for our community. With State support, we were able to take on a critical infrastructure challenge in a way that was financially responsible for our residents. These upgrades will protect our residents, our environment, and the lake we all depend on.”

    Essex County Chairman Shaun Gillilland said, “This project is a showcase example of teamwork at all levels of New York and local government to combat and alleviate the most challenging stresses on rural infrastructure; namely modernizing and improving older public wastewater systems to ensure they improve and not deteriorate our natural water resources and drinking water.”

    New York’s Commitment to Water Quality
    New York State continues to increase its nation-leading investments in water infrastructure. The next round of EFC’s Water Infrastructure Improvement and Intermunicipal Water Infrastructure Grants is now open at www.efc.ny.gov. This round reflects New York’s continued leadership in investing in affordable, community-driven clean water solutions.

    With $500 million allocated for clean water infrastructure in the FY26 Enacted Budget announced by Governor Hochul, New York will have invested a total of $6 billion in water infrastructure since 2017. Any community needing assistance with water infrastructure projects is encouraged to contact EFC. New Yorkers can track projects benefiting from EFC’s investments using the interactive project impact dashboard.

    MIL OSI USA News –

  • MIL-OSI: Compagnie de Financement Foncier : Results of Compagnie de Financement Foncier for the first half of 2025

    Source: GlobeNewswire (MIL-OSI)

    Press release for effective and full distribution

    Paris, July 23, 2025

    Compagnie de Financement Foncier’s results for the 1sthalf of 2025

    On July 23, 2025, Compagnie de Financement Foncier’s Board of Directors, chaired by Éric FILLIAT, met to approve the interim financial statements for 2025.

    ***

    I. COMPAGNIE DE FINANCEMENT FONCIER’S BUSINESS ACTIVITY

    In a still uncertain market context, Compagnie de Financement Foncier recorded good performance during the 1st half of 2025 thanks to its secure model, investor confidence and the renewed interest from Groupe BPCE institutions for its competitive refinancing offer.

    • Issuance of covered bonds

    During the 1st half of 2025, Compagnie de Financement Foncier issued €2.8bn in covered bonds, of which €2.5bn in euro benchmark format.

    • In February, Compagnie de Financement Foncier completed a first “dual-tranche” issuance of €1.25bn. The €750m and €500m tranches were issued with maturities of five and ten years respectively. The strong rate of oversubscription and the diversified allocation in terms of geographic area and investor type confirmed the success of this operation.
    • In May, Compagnie de Financement Foncier carried out a second “dual-tranche” issuance of €1.25bn, with the tranches of €500m and €750m carrying maturities of four and nine years respectively. Total demand with very high oversubscription reached €4.1bn.

    Compagnie de Financement Foncier also continued its currency diversification by issuing two tranches in CHF, each for an equivalent of €106.5m, with maturities of five and nine years.

    Compagnie de Financement Foncier also responded to the specific needs of investors through private placements, which are a key component of its issuance strategy, thus demonstrating its ability to offer bespoke solutions.

    • Refinancing of Groupe BPCE receivables

    During the 1st half of 2025, in the context of high competition in the local authorities market, Compagnie de Financement Foncier refinanced a total of €400m in receivables for Groupe BPCE institutions. The majority of this related to primary refinancing operations won by Groupe BPCE institutions.

    II. COMPAGNIE DE FINANCEMENT FONCIER’S INCOME STATEMENT

    In millions of euros (i) 1sthalf 2025 1sthalf 2024
    Net interest margin 60 75
    Net commissions 4 4
    Other bank operating charges (net) -1 -1
    Net banking income 63 78
    General operating expenses -29 -27
    Gross operating income 34 51
    Cost of risk -1 1
    Gains or losses on long-term investments 1 0
    Income before tax 34 52
    Income tax -12 -13
    Net income 22 39

    Net banking income amounted to €63m, down €15m compared to the 1st half of 2024.

    General operating expenses, at €29m, remained under control, and took into account the billing of services carried out by Crédit Foncier, as well as fees and sub-contracting expenses which were contained.

    Gross operating income amounted to €34m.

    The cost of risk represented a net allocation of €1m under the effect of a net individual risk allocation of €0.5m.

    The overall tax expense amounted to €12m, impacted by the income tax surcharge resulting from the French Finance Act for 2025.

    Net income was €22m at June 30, 2025, compared to €39m at June 30, 2024.

    III. BALANCE SHEET INFORMATION

    Compagnie de Financement Foncier’s total balance sheet amounted to €59.1bn at June 30, 2025, compared to €61.0bn at December 31, 2024.

    Assets refinanced by Compagnie de Financement Foncier for the Group’s institutions during the 1st half of 2025 mainly concerned the public sector, with a slight increase in their proportion on Compagnie de Financement Foncier’s balance sheet.

    At June 30, 2025, the covered bonds outstanding totaled €51.7bn, including related debts, up slightly compared to December 31, 2024 (€51.5bn).

    IV. PRUDENTIAL INFORMATION

    Although exempt from regulatory requirements with regard to solvency ratios, Compagnie de Financement Foncier calculates a Common Equity Tier One (CET 1) ratio, for its scope and for indicative purposes. At June 30, 2025, this ratio remained well above the thresholds provided for by Regulation 575/2013 (CRR).

    In accordance with the legislation applicable to Sociétés de Crédit Foncier, Compagnie de Financement Foncier maintains a coverage ratio for its privileged liabilities of more than 105%.

    Appendices

    ***

    Unless otherwise stated, the financial data in this press release are estimated as of today’s date and based on the Compagnie de Financement Foncier financial statements. The latter include the individual financial statements and related explanatory notes, prepared in accordance with applicable French accounting standards and Groupe BPCE standards.

    At the date of publication of this press release, the audit procedures carried out by the Statutory Auditors on the interim financial statements are ongoing.

    A wholly-owned subsidiary of Crédit Foncier and Groupe BPCE, and an affiliate of BPCE, Compagnie de Financement Foncier is an authorized specialist credit institution and a Société de Crédit Foncier.

    Regulated information can be found on the website: https://foncier.fr/en/, under “Financial communication/Regulated information”.

    Contact: Investor Relations

    Email: ir@foncier.fr
    Tel.: +33 (0) 1 58 73 55 10

                     

    (i) The rounding of certain amounts expressed in millions of euros in this press release may lead to differences compared with the amounts in euros.

    Attachment

    The MIL Network –

  • MIL-OSI: Northeast Bank Announces Dates for Fiscal 2025 Fourth Quarter Earnings Results and Conference Call

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Maine, July 23, 2025 (GLOBE NEWSWIRE) — Northeast Bank (the “Bank”) (NASDAQ: NBN), a Maine-based bank, announced today it will release its fiscal 2025 fourth quarter earnings results on Monday, July 28, 2025. Following the release, the Bank will host a conference call with a simultaneous webcast at 10:00 a.m. ET on Thursday, July 31, 2025. The conference call will be hosted by Rick Wayne, President and Chief Executive Officer, Richard Cohen, Chief Financial Officer, and Pat Dignan, Chief Operating Officer.

    To access the conference call by phone, please go to this link (Phone Registration), and you will be provided with dial in details. The call will be available via a live webcast, which can be viewed by accessing the Bank’s website at www.northeastbank.com and clicking on the Investor Relations section. To listen to the webcast, attendees are encouraged to visit the website at least 15 minutes prior to the start of the call to register, download and install any necessary audio software. Please note there is a slide presentation that will accompany the webcast. For those who cannot listen to the live broadcast, a replay will be available online for one year at www.northeastbank.com.

    About Northeast Bank

    Northeast Bank (NASDAQ: NBN) is a bank headquartered in Portland, Maine. We offer personal and business banking services to the Maine market via seven branches. Our National Lending Division purchases and originates commercial loans on a nationwide basis. ableBanking, a division of Northeast Bank, offers online savings products to consumers nationwide. Information regarding Northeast Bank can be found at www.northeastbank.com.

    NBN-F

    For More Information:
    Richard Cohen, Chief Financial Officer
    Northeast Bank
    27 Pearl Street, Portland, ME 04101
    207.786.3245 ext. 3249
    www.northeastbank.com

    The MIL Network –

  • MIL-OSI Security: New Bedford, Massachusetts Fugitive Collared by U.S. Marshals in Bangor, Maine

    Source: US Marshals Service

    Portland, ME – The U.S. Marshals Service (USMS) in Maine, announce the arrest of Jameel T. Clark White, in Bangor, Maine. Clark-White was sought on multiple warrants for drug possession, possession of machine gun, x3 counts of possession large capacity firearm, carrying loaded firearm without a license, firearm violation with (3) prior violent drug crimes, carrying firearm on school grounds, receiving stolen property, leaving the scene of property damage accident, and operating a motor vehicle with license suspended. All warrants were issued out of the State of Massachusetts.

    The USMS led, Maine Violent Offender Task Force (MVOTF), received a collateral lead from the USMS District of Massachusetts. They believed Clark-White had fled to Maine and may be staying with discovered associates.

    Prior to these new charges being filed by Massachusetts, Wrentham District Court , Clark-White had been previously released on bond from Massachusetts, Middlesex Superior Court for robbery (firearm-armed), carjacking (firearm-armed), assault & battery with dangerous weapon (serious bodily injury), assault & battery attempt with firearm, cocaine trafficking, fentanyl trafficking, firearm carry without a license (2nd offense), possession of a firearm with large capacity magazine, in addition to other charges.

    Task Force members, through thorough investigative efforts, which spanned the towns of Orrington, Brewer, and Bangor, developed significant information which led investigators to a residence in Bangor, ME. Yesterday evening, Task Force members were able to identify Clark-White leaving a residence and enter as a passenger in a vehicle. The vehicle was stopped a short time later by Task Force members with the assistance of the Bangor Police Department. Clark-White was taken into custody without incident.

    Clark-White was charged by the U.S. Marshals Service as a Fugitive from Justice, pending his extradition back to Massachusetts. Additionally, while at the jail facility, Clark-White was found to be in possession of a quantity of drugs and was charged by the Bangor Police Department for Trafficking Schedule W and Trafficking-In Prison Contraband.

    The USMS MVOTF received significant assistance from the Bangor, Maine Police Department, the USMS District of Massachusetts, and Massachusetts State Police Violent Fugitive Apprehension Section (VFAS).

    The District of Maine’s, Chief Deputy U.S. Marshal, Josh Taylor said, “Through continued collaboration, unwavering dedication, and exceptional investigative efforts, another dangerous fugitive has been successfully apprehended. There is no safe haven for wanted persons in the State of Maine.”

    The USMS, Maine Violent Offender Task Force is comprised of members of the U.S. Marshals Service, Maine Department of Corrections, Biddeford Police Department, U.S. Border Patrol, U.S. Immigration and Customs Enforcement, Maine National Guard Counterdrug Task Force, and the Coast Guard Investigative Service.

    If you have any information regarding the whereabouts of any State or Federal Fugitive please contact the United States Marshals Service, District of Maine at MED.TIPLINE@usdoj.gov. 

    MIL Security OSI –

  • MIL-OSI Africa: The ‘Oil Industry, African Energy Chamber (AEC) and Africa Bromance’ Remains Committed to Africa’s Energy Development Despite Attacks from Foreign Funded Groups

    Source: APO

    In yet another attack on the African oil and gas industry, Extinction Rebellion has condemned South Africa as it strives to advance oil and gas exploration across its offshore market. An article published this week by the group’s spokesperson Moraig Peden cites new offshore oil and gas projects as being in direct conflict with the country’s climate commitments, despite the fact that operators have secured environmental authorization to explore offshore. Representing the voice of the African energy sector, the African Energy Chamber (AEC) (https://EnergyChamber.org) condemns the article as yet another blatant attack on not only the African energy industry but its population at large. Oil and gas will play a fundamental role in alleviating energy poverty in Africa and the AEC – in collaboration with the oil industry and African communities – will continue advocating for offshore exploration and production.   

    Groups such as Extinction Rebellion has been consistent in their attacks against the industry, turning to violent and disruptive measures to voice their biases and relentless opposition. Rather than peaceful protests, foreign funded environmental groups have turned to climate-motivated sabotage. Activists from Shut the System, for example, sabotaged internet cables in London in early 2025. Following which, the group stated that they “vow to wage a campaign of sabotage targeting the tools, property and machinery of those most responsible for global warming.” This is a direct attack on the industry.  

    Another group, Just Stop Oil, has also been relentless. Attacks include throwing soup at Van Gogh’s Sunflowers painting, throwing paint on Stonehenge, gluing themselves to roads to stop traffic, cable-tying themselves to goal posts at sports events and England-wide blockades at ten critical oil facilities in 2022. Just Stop Oil protestors were also given multi-year prison sentences in England in 2024 for their roles in closing multiple junctions of the M25 motorway. In the US, Greenpeace was issued to pay $660 million in damages in 2025 for malicious interference with the Dakota Access Pipeline. The group also has a history of occupying coal power plants and blocking coal shipments in New Zealand, Australia and the UK. But it is the group’s attacks on the industry in Africa that stand to bring far-reaching disruptions.   

    Greenpeace has been strongly opposing exploration in Africa by companies such as Shell, Meren Energy (formerly Africa Oil Corp), TotalEnergies and more. All three companies have secured environmental authorization and/or financing for their offshore activities but Greenpeace continues to launch attacks against these companies. The company challenged Shell’s exploration rights in court and continues to ask for donations to support its attacks on oil companies.  

    “We at the chamber expected these attacks as we approach this next edition of AEW: Invest in African Energies. These attacks always come. We denounce the violence of Extinction rebellion.  We hope that we will have a robust conversation about Africans right to drill and provide energy for the millions of Africans that live without access to electricity or clean cooking solutions. The AEC-Africa-Oil and Gas Industry bromance will continue fighting for Africa. We will continue fighting to make energy poverty history. We will continue fighting for generations to come,” states NJ Ayuk, Executive Chairman of the AEC.  

    It is clear that the writer Peden does not fully understand the African context. If the writer truly understood what every day Africans in Mali, Mozambique, Namibia and other countries go through, she would not have this extremist and radical environmental agenda against the continent’s energy development. We must be reminded that over 600 million Africans live without access to electricity while over 900 million people live without access to clean cooking solutions. But it seems that Extinction Rebellion is bent on ensuring that Africans remain without access to electricity or the energy they need for the future. This is exactly what the AEC opposes. This is also why we are proud to be part of a bromance with Africa and the global oil and gas industry. This is why we will continue fighting for oil and gas exploration.  

    It is surprising to see that Extinction Rebellion and Peden criticize African exploration efforts when they fail to criticize the bromance between countries in other parts of the world and the oil and gas industry. They do not criticize Norway for producing four million bpd and sanctioning new energy projects or the UK which is drilling in the North Sea or the US in the Gulf. It is Africa, where people want to drill for more oil and gas to help lift the continent out of poverty, that the attacks come. 

    “I was hoping the she would bring Greta Thunberg along because she will protest anything. Moraig Peden and the foreign funded green groups now have the Mantashe Derangement Syndrome.  The attacks on Africans by Moraig Peden and Extinction rebellion deceitful and dishonest, Or blatantly dishonest. This is just the beginning, Africans and the energy industry have been through tough times, but you’ve never seen me quit and there’s no quitting on our fight to make energy poverty history and industrialize Africa. We see Moraig Peden’s attacks as simply hypocrisy especially coming from a wealthy woman with a Eurocentric view of energy who believes Africans should stay in the dark while she is shopping for car elevators” Concluded Ayuk. 

    Distributed by APO Group on behalf of African Energy Chamber.

    Media files

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    MIL OSI Africa –

  • MIL-OSI Africa: Afreximbank Shareholders Approve Key Resolutions and Reaffirm Support for Preferred Creditor Status

    Source: APO

    At the 32nd Annual General Meeting of Shareholders of the African Export-Import Bank (Afreximbank) (www.Afreximbank.com), held as part of the Bank’s 2025 Annual Meetings in Abuja, Nigeria, from 25 to 28 June 2025, shareholders approved a series of key resolutions aimed at strengthening the Bank’s strategic direction, financial resilience, and governance.

    Among the most significant outcomes was the appointment of Dr. George Elombi as the fourth President and Chairman of the Board of Directors, succeeding Professor Benedict Oramah, who will step down later this year after nearly a decade of transformative leadership.

    Shareholders also approved the expansion of the Bank’s Concessional Finance Window, increasing its capital allocation from USD 1 billion to USD 5 billion, and raising the direct shareholder contribution from USD 200 million to USD 700 million. This substantial expansion reflects the growing demand for accessible development finance across Africa and the Caribbean, and strengthens Afreximbank’s capacity to support inclusive and sustainable economic growth.

    In addition, shareholders reaffirmed the commitment of the Bank’s Member States to Afreximbank’s Preferred Creditor Status (PCS), as codified in the Bank’s Establishment Agreement, to which all Member States are signatories. This reaffirmation underscores continued support for the Afreximbank’s role as a trusted African Multilateral Financial Institution.

    In what marked his final Shareholders’ Meeting, Professor Oramah welcomed the outcomes and expressed appreciation for the vision and leadership shown:

    “It has been a great honour to serve as President and Chairman of the Board of Directors of Afreximbank for the past decade. I commend our shareholders for the bold and strategic decisions taken, particularly the unwavering reaffirmation of their commitment to respect their obligations under the Afreximbank Establishment Agreement, through which the Bank enjoys Preferred Creditor Status across its member states. We also welcome their decision to increase the size of the Africa Trade Transformation Fund (ATTF), the Concessional Finance initiative launched at the 30th Annual Meetings of the Bank, from USD 1 billion to USD 5 billion. These decisions would collectively shape the future of this great institution and advance Africa’s prosperity.

    “I am confident that the Bank is well placed to continue making a profound impact under the capable leadership of my able successor, Dr. George Elombi, and I extend my very best wishes to him.”

    The shareholders also elected Mr. Wale Edun, Nigeria’s Minister of Finance and Coordinating Minister of the Economy as Chairman of the General Meeting for the period 2025/2026 and passed other statutory resolutions including adoption of the Bank’s audited financial statements for the year ended 31 December 2024 and appointment of auditors.

    The shareholders in addition confirmed the re-election of Dr. Denny Hamachila Kalyalya (Zambia), Dr. John Panonesta Mangudya (Zimbabwe) and Mr. Victor Jérôme Nembelessini-Silué (Côte d’Ivoire) to the Bank’s Board of Directors. Independent Directors Mr. Anil Dua (United Kingdom) and Mr. Ronald Sibongiseni Ntuli (South Africa) were also re-elected.  Newly elected Directors include Mrs. Leila Mokaddem (Tunisia), as a nominee of the African Development Bank.

    The shareholders noted the challenges and negative reports disputing African Multilateral Financial Institutions and undermining the commitments that African states have made in the treaties establishing these institutions, including Afreximbank.

    In a statement unanimously endorsed and adopted by the General Meeting, Mr. Wale Edun, Nigeria’s Minister of Finance and Chairman of the General Meeting, affirmed the shareholders’ unwavering confidence in the Bank’s financial resilience and mandate to drive Africa’s trade-led growth.

    Mr. Edun stated: “The shareholders affirm their respect for the 1993 treaty establishing Afreximbank, signed and ratified by African states, noting that it enshrined binding sovereign commitments and underpinned the preferred creditor status (PCS) of the Bank, shielding its loans from sovereign debt restructurings.

    “Additionally,  shareholders reaffirm the commitment of the Bank’s Member States to the Preferred Creditor Status (PCS) enshrined in the Bank’s Establishment Agreement to which all Member States are signatories and call for collective responsibility in safeguarding the integrity of African Multilateral Financial Institutions (AMFIs).

    “This meeting confirms shareholders’ full commitment to supporting the Bank’s mission, and call upon all stakeholders to engage constructively, reflecting the Bank’s robust legal protections and credit fundamentals.”

    This collective statement by Afreximbank’s shareholders sends a strong signal to partners, rating agencies, and the broader financial community: the Bank remains a trusted and protected institution anchored by solid legal foundations and an unwavering mandate to drive Africa’s economic transformation through trade.

    Nearly 6,000 delegates attended the 32nd Afreximbank Annual Meetings, making it the Bank’s most highly attended Annual Meeting in its 32-year history. Attendees included 22 current and former African and Caribbean Heads of State or their representatives, as well as policymakers, academics, business leaders and high-profile dignitaries. 

    Distributed by APO Group on behalf of Afreximbank.

    Media Contact:
    Vincent Musumba
    Communications and Events Manager (Media Relations)
    Email: press@afreximbank.com

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    About Afreximbank:
    African Export-Import Bank (Afreximbank) is a Pan-African multilateral financial institution mandated to finance and promote intra- and extra-African trade. For over 30 years, the Bank has been deploying innovative structures to deliver financing solutions that support the transformation of the structure of Africa’s trade, accelerating industrialisation and intra-regional trade, thereby boosting economic expansion in Africa. A stalwart supporter of the African Continental Free Trade Agreement (AfCFTA), Afreximbank has launched a Pan-African Payment and Settlement System (PAPSS) that was adopted by the African Union (AU) as the payment and settlement platform to underpin the implementation of the AfCFTA. Working with the AfCFTA Secretariat and the AU, the Bank has set up a US$10 billion Adjustment Fund to support countries effectively participating in the AfCFTA. At the end of December 2024, Afreximbank’s total assets and contingencies stood at over US$40.1 billion, and its shareholder funds amounted to US$7.2 billion. Afreximbank has investment grade ratings assigned by GCR (international scale) (A), Moody’s (Baa2), China Chengxin International Credit Rating Co., Ltd (CCXI) (AAA), Japan Credit Rating Agency (JCR) (A-) and Fitch (BBB-). Afreximbank has evolved into a group entity comprising the Bank, its equity impact fund subsidiary called the Fund for Export Development Africa (FEDA), and its insurance management subsidiary, AfrexInsure (together, “the Group”). The Bank is headquartered in Cairo, Egypt.

    For more information, visit: www.Afreximbank.com

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    MIL OSI Africa –

  • MIL-OSI Canada: Saskatchewan Sees Further Progress on Oil and Gas Emissions Reduction

    Source: Government of Canada regional news

    Released on July 23, 2025

    Greenhouse gas emissions (GHG) from Saskatchewan’s upstream oil and gas sector saw a fifth-straight year of reductions in 2024, according to the Ministry of Energy and Resources’ Oil and Gas Emissions Management Regulations (OGEMR) Annual Report. The report’s 2024 data shows provincial emissions from venting and flaring at upstream oil facilities fell by 71 per cent compared to 2015 levels, and by 13 per cent compared to 2023 levels.

    “Our made-in-Saskatchewan approach to lowering GHG emissions is working, and these numbers show it,” Energy and Resources Minister Colleen Young said. “Investment and innovation in the oil and gas sector has led to the significant reduction in the emissions we have seen since OGEMR was introduced in 2019. The Ministry of Energy and Resources will continue to take a regulatory approach that facilitates growth and ensures responsible resource development.” 

    The OGEMR annual report found that emissions from reported venting and flaring at upstream oil facilities have been reduced by 7.7 million tonnes of carbon dioxide equivalent (Mt CO2e) since 2015. That is equivalent to taking 1.7 million passenger vehicles off the road for one year. 

    Multiple activities contributed to the 2024 reductions, but there were two primary drivers: oil companies installing combustion equipment at wells and facilities to burn off gas that would otherwise have been vented; and companies using vented gas on site as fuel for a beneficial industry-related purpose.

    The OGEMR annual report monitors progress in implementing OGEMR with the intent to reduce GHG emissions from the upstream oil and gas sector by 40 to 45 per cent by 2025 compared to 2015 levels.

    The 2024 OGEMR Annual Report shows Saskatchewan has surpassed the 40 to 45 per cent goal and is on track to far exceed this target in 2025. This achievement underscores the province’s regulatory leadership and industry innovation in lowering GHG emissions.

    For more information about the Government of Saskatchewan’s Oil and Gas Emissions Management Regulations and to view a full copy of the report, please visit saskatchewan.ca.

    To view the Oil and Gas Emissions Management Regulations Annual Report, visit: https://publications.saskatchewan.ca/api/v1/products/126693/formats/148784/download.

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    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI USA: Dingell, Moolenaar Support Investigation of Foreign Control of Critical Mineral

    Source: United States House of Representatives – Congresswoman Debbie Dingell (12th District of Michigan)

    Dingell, Moolenaar Support Investigation of Foreign Control of Critical Mineral

    Washington, July 22, 2025

    Today, Representatives Debbie Dingell (D-MI) and John Moolenaar (R-MI) released a bipartisan statement in support of the Department of Commerce’s decision to investigate whether imports of polysilicon—a key material used in solar panels and microchips—pose a national security risk.

    “We commend the Administration for launching a Section 232 investigation into the national security risks posed by imports of polysilicon and its derivatives. This is a crucial first step to protect American jobs, innovation, and our industrial base. For years, U.S. polysilicon producers have faced unfair competition from subsidized Chinese firms linked to forced labor. These practices have led to layoffs and threaten the survival of our remaining capacity. This investigation makes clear that the United States won’t allow our critical industries to be hollowed out by foreign manipulation. China’s dominance in the solar-grade polysilicon market is a direct threat to our ability to manufacture essential technologies—including solar panels and microchips. We will continue working across the aisle to ensure this leads to real, enforceable trade remedies.”

    MIL OSI USA News –

  • MIL-OSI USA: ICE Buffalo, local partners arrest previously convicted Kenyan national on gun charges

    Source: US Immigration and Customs Enforcement

    BUFFALO, N.Y. — U.S. Immigration and Customs Enforcement Homeland Security Investigations Buffalo, alongside local partners with the Buffalo Police Department, arrested a Kenyan national and lawful permanent resident who was charged with being a felon in possession of ammunition.

    “HSI Buffalo is proud to collaborate with our local, state, and federal partners in Western New York to enhance public safety and national security through ongoing targeted criminal enforcement efforts. We are committed to fostering strong partnerships that strengthen our community and safeguard our region,” said HSI Buffalo Special Agent in Charge Erin Keegan.

    Personnel from HSI Buffalo and the Buffalo Police Department arrested Aden Ibrahim, 29, on July 9 for alleged unlawful possession of ammunition by a convicted felon.

    According to the investigation:

    On the morning of July 9, Buffalo Police responded to a local residence for a report of an “unwelcomed guest.” Upon arrival, the complainant told officers that an individual known as “Beano” refused to leave the residence. The complainant also stated that “Beano” was in possession of crack cocaine and a firearm. Officers later observed “Beano” exit the residence and attempt to flee on foot. He was in possession of a U.S. permanent resident card identifying him as Aden Ibrahim. Detectives were then called to the residence, where they observed in plain view a revolver with tape on the handle lying on the floor in a bedroom. The complainant stated that “Beano” was staying in the room and that all the contents in the bedroom belonged to him.

    Detectives subsequently executed a search warrant at the residence, seizing a revolver, ammunition, approximately 26 grams of suspected crack cocaine base and drug paraphernalia.

    Ibrahim was convicted in March 2022 of criminal possession of a weapon, a felony, and in January 2024 of criminal possession of a controlled substance, also a felony, and is legally prohibited from possessing ammunition.

    He appeared before a U.S. magistrate judge, was ordered detained, and was turned over to the custody of the U.S. Marshals Service.

    MIL OSI USA News –

  • MIL-OSI Canada: Discontinuation of one-month treasury bill

    Source: Bank of Canada

    As announced in the 2025-26 Debt Management Strategy, the Government of Canada will be discontinuing the one-month treasury bill. This is in line with the policy intent to introduce it on a temporary basis as previously outlined in the federal 2024 Budget and a market notice. The last one-month treasury bill auction will occur on 29 July 2025.

    The one-month bill program was launched in May 2024 to support an orderly transition away from Bankers’ Acceptances (BAs) that are no longer being issued after the cessation of the Canadian Dollar Offered Rate’s (CDOR) publication in June 2024.

    Given the greater availability and attractiveness of private sector alternatives for replacing BAs, the one-month treasury bill has fulfilled its objective of providing a partial substitute for BAs during a transition period and is no longer needed for maintaining well-functioning of the Canadian money market. This is evident from the mild auction demand and comments received from market participants during the Debt Management Strategy Consultations in Fall 2024.

    Operationally, there will be no changes to the Terms and Conditions and to the timing for the three, six, and twelve-month treasury bill auctions; however, starting on 12 August 2025 all treasury bill sectors’ Call for Tenders and Pre-Call for Tenders will occur at 10:40 am on their relevant days (currently at 1:00 pm).

    For further information, please contact:

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

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

    MIL OSI Canada News –

  • MIL-OSI USA: Mutual Fund and ETF Fees and Expenses – Investor Bulletin

    Source: Securities and Exchange Commission

    The SEC’s Office of Investor Education and Advocacy is issuing this Investor Bulletin to explain some of the most common mutual fund fees and expenses. As a general introduction to mutual fund fees and expenses, this Investor Bulletin does not identify all of the fees that you may pay to buy and own shares in a mutual fund. This Investor Bulletin will, however, familiarize you with some typical mutual fund fees and expenses and show you how those fees and expenses reduce the value of your fund’s investment return.

    MIL OSI USA News –

  • MIL-OSI Security: Pittsburgh Felon Pleads Guilty to Drug Trafficking and Firearm Charges

    Source: US FBI

    PITTSBURGH, Pa. – A resident of Pittsburgh, Pennsylvania, pleaded guilty in federal court to possession with the intent to distribute quantities of fentanyl and cocaine and possession of a firearm and ammunition by a convicted felon, Acting United States Attorney Troy Rivetti announced today.

    Ronell Cathie, 31, pleaded guilty before United States District Judge Marilyn J. Horan on July 16, 2025.

    In connection with the guilty plea, the Court was advised that, between March 2024 and July 2024, Cathie participated in a conspiracy to distribute fentanyl and cocaine, both Schedule II controlled substances. Additionally, on July 19, 2024, during the execution of a search warrant at Cathie’s residence, law enforcement recovered a stolen firearm, a magazine, and ammunition. Cathie has multiple prior felony convictions for firearms. Federal law prohibits possession of a firearm or ammunition by a convicted felon.

    Judge Horan scheduled sentencing for November 12, 2025. The law provides for a total sentence of up to 20 years in prison, a fine of up to $1 million, or both. Under the federal Sentencing Guidelines, the actual sentence imposed is based upon the seriousness of the offenses and the prior criminal history of the defendant.

    Pending sentencing, Cathie will remain in custody.

    Assistant United States Attorneys Katherine C. Jordan and Kelly M. Locher are prosecuting this case on behalf of the government.

    The Federal Bureau of Investigation conducted the investigation that led to the prosecution of Cathie.

    This prosecution is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) investigation. OCDETF identifies, disrupts, and dismantles the highest-level drug traffickers, money launderers, gangs, and transnational criminal organizations that threaten the United States by using a prosecutor-led, intelligence-driven, multi-agency approach that leverages the strengths of federal, state, and local law enforcement agencies against criminal networks.

    MIL Security OSI –

  • MIL-OSI Security: Elizabeth Man Indicted for Making Antisemitic Threat to Injure Local Public Official and Making False Statements to FBI

    Source: US FBI

    PITTSBURGH, Pa. – A resident of Elizabeth, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on charges of making a threat to injure a local public official and making false statements to government agents, Acting United States Attorney Troy Rivetti announced today.

    The two-count Indictment named Edward Arthur Owens Jr., 29, as the sole defendant.

    According to the Indictment and an earlier federal criminal complaint (read the news release regarding the complaint here), on or about May 20, 2025, Owens knowingly and willfully transmitted via a social media messaging app the following threat to injure a local public official: “We’re coming for you [emoji of person raising right hand] [German flag emoji] be afraid. Go back to Israel or better yet, exterminate yourself and save us the trouble. 109 countries for a reason. We will not stop until your kind is nonexistent.” The complaint explains that the reference to “109 countries,” according to the Anti-Defamation League, is an antisemitic assertion that Jews have been expelled from 109 different countries; it is used by antisemites to call for the expulsion of Jews from other countries and otherwise to promote hatred. The recipient of the message is a local official who regularly engages with the public.

    The Indictment further alleges that, on or about May 30, 2025, Owens made false statements to special agents of the Federal Bureau of Investigation, telling the agents that his firearms—which included a .22 LR caliber rifle, an AR-15 style rifle, and a 9mm caliber Smith & Wesson pistol—were all in the custody of his mother, that he did not know where the firearms were, and that he did not have access to any of them. According to the Indictment, Edwards did, in fact, know that his 9mm caliber Smith & Wesson pistol was still in his custody and control (located inside of the vehicle Edwards drove immediately prior to making his false statements to the FBI agents), that he still had access to this pistol, and that the pistol was not in his mother’s custody.

    Owens remains in custody after being ordered detained by the Court at the request of the U.S. Attorney’s Office following the defendant’s arrest. The law provides for a maximum total sentence of up to five years in prison, a fine of up to $250,000, or both. Under the federal Sentencing Guidelines, the actual sentence imposed would be based upon the seriousness of the offenses and the prior criminal history, if any, of the defendant.

    Assistant United States Attorney Carl J. Spindler is prosecuting this case on behalf of the government. The Federal Bureau of Investigation conducted the investigation leading to the Indictment.

    An indictment is an accusation. A defendant is presumed innocent unless and until proven guilty.

    MIL Security OSI –