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Category: Finance

  • MIL-OSI: SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2025-1

    Source: GlobeNewswire (MIL-OSI)

    Press release
    09 April 2025 – N° 07

    SCOR successfully sponsors a new catastrophe bond, Atlas Capital DAC Series 2025-1

    SCOR has successfully sponsored a new catastrophe bond (“cat bond”), Atlas Capital DAC Series 2025-1, which will provide the Group with multi-year risk transfer capacity of USD 240 million to protect itself against named storms in the US and the Caribbean, earthquakes in the US and Canada, and European windstorms. The risk period for Atlas Capital DAC Series 2025-1 will run from 1 June 2025 to 31 May 2028. The transaction has received the approval of the Irish regulatory authorities. The cat bond offering integrates ESG-related considerations to support investors’ due diligence.

    The cat bond was priced on 3 April 2025 with an interest spread of 7.25% and was issued on 9 April 2025. Atlas Capital DAC Series 2025-1 was well received and benefited from high investor demand. GC Securities1 acted as Sole Structuring Agent and Sole Bookrunner for the deal. Willkie Farr and Walkers advised SCOR as legal counsels.

    Atlas Capital DAC Series 2025-1 is an aggregate, index-based trigger cat bond issued by Atlas Capital DAC, a multi-arrangement special purpose vehicle approved in Ireland under Solvency II. This vehicle was created in 2023 for the Series 2023-1 cat bond issuance, and it may be utilized by the Group to sponsor cat bonds covering various perils in both L&H and P&C. The benefits of this vehicle were again visible this year, as it allowed for a fast and cost-effective issuance process. In particular, the transaction was offered to investors around two months in advance of the start of the risk period, allowing SCOR to benefit from the currently favorable conditions in the cat bond market.

    The size of the Series 2025-1 issuance is in line with the Group’s cat exposures and with its retrocession strategy under the Forward 2026 strategic plan, which identifies risk partnerships – including capital market solutions like cat bonds – as one of the Group’s levers for value creation.

    François de Varenne, Group CFO and Deputy CEO of SCOR, comments: “SCOR is pleased to sponsor a new cat bond this year, securing multi-year protection against peak natural perils from the ILS market at favorable pricing conditions. SCOR has been a regular sponsor of cat bonds over the last 25 years, and we are delighted by the strong and continued investor demand, as cat bonds remain an integral part of our risk partnerships strategy under the Forward 2026 plan. We are also very pleased with the efficiency gains made by reusing Atlas Capital DAC for a third year.”

    *

    *            *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 20.1 billion in 2024 and serves clients in more than 150 countries from its 37 offices worldwide.

    For more information, visit: www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations

    Thomas Fossard
    InvestorRelations@scor.com

    Follow us on LinkedIn
     

    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.

    Forward-looking statements

    This press release may include forward-looking statements, assumptions, and information about SCOR’s financial condition, results, business, strategy, plans and objectives, including in relation to SCOR’s current or future projects.

    These statements are sometimes identified by the use of the future tense or conditional mode, or terms such as “estimate”, “believe”, “anticipate”, “expect”, “have the objective”, “intend to”, “plan”, “result in”, “should”, and other similar expressions.

    It should be noted that the achievement of these objectives, forward-looking statements, assumptions and information is dependent on circumstances and facts that arise in the future.

    No guarantee can be given regarding the achievement of these forward-looking statements, assumptions and information. These forward-looking statements, assumptions and information are not guarantees of future performance. Forward-looking statements, assumptions and information (including on objectives) may be impacted by known or unknown risks, identified or unidentified uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR.

    In particular, it should be noted that the full impact of the inflation and geopolitical risks including but not limited to the Russian invasion and war in Ukraine on SCOR’s business and results cannot be accurately assessed.

    Therefore, any assessments, any assumptions and, more generally, any figures presented in this press release will necessarily be estimates based on evolving analyses, and encompass a wide range of theoretical hypotheses, which are highly evolutive.

    These points of attention on forward-looking statements are all the more essential that the adoption of IFRS 17, which is a new accounting standard, results in significant accounting changes for SCOR.

    Information regarding risks and uncertainties that may affect SCOR’s business is set forth in the 2024 Universal Registration Document filed on 20 March 2025, under number D.25-0124 with the French Autorité des marchés financiers (AMF) posted on SCOR’s website www.scor.com.

    In addition, such forward-looking statements, assumptions and information are not “profit forecasts” within the meaning of Article 1 of Commission Delegated Regulation (EU) 2019/980.

    SCOR has no intention and does not undertake to complete, update, revise or change these forward-looking statements, assumptions and information, whether as a result of new information, future events or otherwise.

    Disclaimer

    This communication does not constitute or form part of any offer or invitation to sell or issue or any solicitation of any offer to purchase or subscribe for the securities mentioned herein in any jurisdiction. The securities mentioned herein have not been, and will not be, registered under the Securities Act, and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act. Atlas Capital DAC and the securities mentioned are not and will not be registered under the U.S. Investment Company Act of 1940, as amended.

    Rule 144A offerings are offerings of securities conducted on a private placement basis for the purposes of the U.S. Securities Act of 1933, as amended (the “Securities Act”) and that limit initial distribution and secondary sales of the securities to entities that are Qualified Institutional Buyers as defined in Rule 144A under the Securities Act. The offering of securities in a Rule 144A offering does not require registration of the issuer or the securities with the U.S. Securities Exchange Commission.

    Catastrophe bond transactions provide sponsoring insurers and reinsurers protection against catastrophe risks through the release to the sponsor of a portion or the whole principal amount upon the occurrence of pre-defined events (namely triggers). Triggers can be determined in different ways: an industry loss trigger provides for payment once the losses to the industry generated by specific natural events (typically) are higher than a certain specified amount provided for in the terms of the transaction.

    1 GC Securities is a division of MMC Securities LLC, a US registered broker-dealer and member of FINRA/NFA/SIPC.

    Attachment

    • SCOR Press Release

    The MIL Network –

    April 10, 2025

  • MIL-OSI: Coface SA: Combined Shareholders’ Meeting on Wednesday, May 14, 2025 at 02.00pm

    Source: GlobeNewswire (MIL-OSI)

    COFACE SA: Combined Shareholders’ Meeting on Wednesday, May 14, 2025
    at 02.00pm

    Paris, April 9, 2025 – 17.45

    COFACE SA’s shareholders are hereby informed that the Combined Shareholders’ Meeting will be held on Wednesday, May 14, 2025 at 02.00pm at the Group’s headquarters and registered office:

    1 Place Costes et Bellonte

    92270 Bois-Colombes – France

    The notice of meeting containing the agenda and draft resolutions was published in the Bulletin des Annonces Légales Obligatoires (French Bulletin of Mandatory Legal Notices – BALO) No.42 on 7 April 2025 (announcement No. 2500820).

    Shareholders may attend the meeting regardless of the number of shares they own, under the conditions described in the notice of meeting.

    We advise the shareholders to:

    • To vote on the resolutions by post or online, using either the postal voting form or the Votaccess platform. They can also appoint the Chairman of the Shareholders’ Meeting to represent them.
    • To submit written questions by registered letter with acknowledgement of receipt at: COFACE SA, for the attention of the Investors Relations department, 1 place Costes et Bellonte, 92270 Bois-Colombes, France or electronically to the following address: investors@coface.com on May 8, 2025, at the latest. To be taken into account, these questions must be accompanied by a book-entry certificate justifying the share ownership.

    All documents that must be disclosed for this Shareholders’ Meeting will be available to the shareholders, within the legal deadlines, on COFACE SA institutional website (www.coface.com) and more precisely under “Investors/General Assembly” (https://www.coface.com/investors/regulated-information/documents-relating-to-the-general-assembly)

    CONTACTS

    ANALYSTS / INVESTORS
    Thomas JACQUET: +33 1 49 02 12 58 – thomas.jacquet@coface.com
    Rina ANDRIAMIADANTSOA: +33 1 49 02 15 85 – rina.andriamiadantsoa@coface.com

    MEDIA RELATIONS
    Saphia GAOUAOUI: +33 1 49 02 14 91 – saphia.gaouaoui@coface.com
    Adrien BILLET: +33 1 49 02 23 63 – adrien.billet@coface.com

    FINANCIAL CALENDAR 2025
    (subject to change)

    Q1-2025 results: 5 May 2025 (after market close)
    Annual General Shareholders’ Meeting: 14 May 2025
    H1-2025 results: 31 July 2025 (after market close)
    9M-2025 results: 3 November 2025 (after market close)

    FINANCIAL INFORMATION
    This press release, as well as COFACE SA’s integral regulatory information, can be found on the Group’s website: http://www.coface.com/Investors

    For regulated information on Alternative Performance Measures (APM), please refer to our Interim Financial Report for H1-2024 and our 2024 Universal Registration Document (see part 3.7 “Key financial performance indicators”).

      Regulated documents posted by COFACE SA have been secured and authenticated with the blockchain technology by Wiztrust.
    You can check the authenticity on the website www.wiztrust.com.
     

    COFACE: FOR TRADE
    As a global leading player in trade credit risk management for more than 75 years, Coface helps companies grow and navigate in an uncertain and volatile environment.
    Whatever their size, location or sector, Coface provides 100,000 clients across some 200 markets. with a full range of solutions: Trade Credit Insurance, Business Information, Debt Collection, Single Risk insurance, Surety Bonds, Factoring.
    Every day, Coface leverages its unique expertise and cutting-edge technology to make trade happen, in both domestic and export markets.
    In 2024, Coface employed ~5,236 people and registered a turnover of €1.84 billion.

    www.coface.com

    COFACE SA is listed in Compartment A of Euronext Paris
    ISIN: FR0010667147 / Ticker: COFA

    DISCLAIMER – Certain declarations featured in this press release may contain forecasts that notably relate to future events, trends, projects or targets. By nature, these forecasts include identified or unidentified risks and uncertainties, and may be affected by many factors likely to give rise to a significant discrepancy between the real results and those stated in these declarations. Please refer to chapter 5 “Main risk factors and their management within the Group” of the Coface Group’s 2024 Universal Registration Document filed with AMF on 3 April 2025 under the number D.25-0227 in order to obtain a description of certain major factors, risks and uncertainties likely to influence the Coface Group’s businesses. The Coface Group disclaims any intention or obligation to publish an update of these forecasts, or provide new information on future events or any other circumstance.

    Attachment

    • 2025 04 09 Coface Combined GA from 14 May 2025

    The MIL Network –

    April 10, 2025

  • MIL-OSI USA: Florida Businessman Sentenced to Prison for Tax Evasion

    Source: US State Government of Utah

    A Florida man was sentenced yesterday to 30 months in prison for evading more than $5.5 million in taxes, interest, and penalties that he owed the IRS.

    According to court documents and statements made in court, David Albert Fletcher, of Deltona, owned and operated furniture liquidations businesses, including Century Liquidators. For tax years 2004 through 2013, Fletcher did not timely file his federal income tax returns or pay the taxes he owed. After an audit, the IRS assessed a total of $1.7 million in taxes, interest, and penalties against him.

    To evade collection of these taxes, Fletcher concealed his income and assets from the IRS. For example, Fletcher used nominees to hide his purchases of luxury vehicles, including Rolls Royces. Fletcher also filed false income tax returns that understated his income by several million dollars, and when an IRS special agent interviewed him, Fletcher falsely represented the amount of income he earned.

    In addition to his prison sentence, U.S. District Judge Wendy Berger for the Middle District of Florida ordered Fletcher to serve three years of supervised release and to pay approximately $7,112,689 in restitution to the United States.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Gregory W. Kehoe for the Middle District of Florida made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Zachary A. Cobb and Charles A. O’Reilly of the Tax Division and Assistant U.S. Attorney Megan Testerman for the Middle District of Florida prosecuted the case.

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI Security: St. Louis Man Admits Fraudulently Obtaining Mortgages Worth More Than $1.2 Million

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

    ST. LOUIS – A man from St. Louis, Missouri on Tuesday admitted fraudulently obtaining home mortgages totaling more than $1.2 million.

    Edward James Mitchell Jr., also known as Musa Muhammad, pleaded guilty in U.S. District Court in St. Louis to one felony count of bank fraud. He admitted participating in four fraudulent home mortgages from October 2021 through November 2023 totaling $1,225,550. Three of the homes are in St. Louis and one is in Florissant. Mitchell’s company, Home Team Solutions LLC, originally purchased the homes. Mitchell pretended to be one of his relatives to purchase two of the homes from his own company, submitting fraudulent mortgage loan applications and false employment and financial information and using his relative’s Social Security number and birthdate, Mitchell’s plea agreement says. He bought another home himself and sold another to his paramour, again submitting false or fraudulent documentation. 

    The U.S. Attorney’s Office believes lending institutions lost $490,946 when Fannie Mae purchased the four home loans. Mitchell’s position is that only two of the loans incurred losses, with a loss amount of $226,950.

    Mitchell, 37, is scheduled to be sentenced on July 8. Each bank fraud charge carries a penalty of up to 30 years in prison, a $1 million fine or both prison and a fine.

    In October 2023, Mitchell legally changed his name to Musa Muhammad.

    The FBI and the Federal Housing Finance Agency Office of Inspector General investigated the case. Assistant U.S. Attorney Kyle Bateman is prosecuting the case. 

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: North Andover Man Sentenced for Multistate Fentanyl and Cocaine Conspiracy

    Source: Office of United States Attorneys

    BOSTON – A former North Andover man was sentenced yesterday in federal court in Boston for his participation in a large-scale drug trafficking conspiracy involving fentanyl, cocaine and other controlled substances that spanned across Massachusetts, New Hampshire, Connecticut, Maine and Puerto Rico.

    Elvis DeJesus, 34, formerly of North Andover, was sentenced by U.S. District Court Judge Angel Kelley to 15 years in prison to be followed by 10 years of supervised release. In June 2024, DeJesus pleaded guilty to one count of conspiracy to distribute and to possess with intent to distribute 400 grams or more of fentanyl, 500 grams or more of cocaine and other controlled substances. In December 2021, DeJesus was charged along with 20 other individuals.

    In May 2020, an investigation began into a network of Lawrence-based drug traffickers. From December 2020 through December 2021, intercepted communications between targets of the investigation and their associates revealed that the defendants distributed fentanyl and cocaine in and around the Lawrence area. Some of the cocaine was obtained from suppliers in Puerto Rico and shipped to Massachusetts in the U.S. mail.

    Together with other co-defendants, DeJesus operated a wholesale fentanyl and cocaine distribution businesses until approximately August 2021, when he was arrested on state firearms charges. In February 2021, $75,930 was seized from co-defendant Luis Martinez after Martinez had collected drug proceeds from DeJesus outside of DeJesus’s residence. In April 2021, a package sent from Puerto Rico to DeJesus’s residence that contained 978 grams of cocaine was also seized. In March 2021, 200 grams of cocaine supplied by DeJesus from co-defendant Othoniel Lara Gonzalez was also seized.  

    After DeJesus’s arrest on the state firearms charges, he was detained in state custody. DeJesus continued to operate his drug distribution business from jail. In November 2021, over 500 grams of fentanyl and over 100 grams of cocaine that co-defendant William Rivadeneira was transporting on DeJesus’s behalf was seized. Prior to the seizure, DeJesus was intercepted chastising Rivadeneira for not having taken adequate precautions while preparing the fentanyl for distribution, telling him, “[Y]ou can get an overdose.”

    In November 2021, DeJesus and his co-conspirators paid co-defendant Gregorit Sanchez, a former Corrections Officer at Middleton House of Corrections where DeJesus was then detained, to smuggle a package containing fentanyl, cocaine, Suboxone and other contraband into the jail. The package was seized from Sanchez when he attempted to enter the jail.

    In February 2025, Luis Martinez was sentenced to five years in prison, to be followed by four years of supervised release. In January 2023, Othoniel Lara Gonzalez was sentenced to three years in prison, to be followed by three years of supervised release. William Rivadeneira pleaded guilty in March 2024 and is scheduled to be sentenced on Aug. 22, 2025. In June 2024, Gregorit Sanchez was sentenced to five years’ probation with the first year to be served on home detention.

    This operation is part of an Organized Crime Drug Enforcement Task Forces (OCDETF) Strike Force Initiative, which provides for the establishment of permanent multi-agency task force teams that work side-by-side in the same location. This co-located model enables agents from different agencies to collaborate on intelligence-driven, multi-jurisdictional operations to disrupt and dismantle the most significant drug traffickers, money launderers, gangs, and transnational criminal organizations. More information on the OCDETF program is available here: https://www.justice.gov/ocdetf/about-ocdetf.

    United States Attorney Leah B. Foley; Michael J. Krol, Special Agent in Charge of Homeland Security Investigations in New England; and Stephen Belleau, Acting Special Agent in Charge of the Drug Enforcement Administration, New England Field Office made the announcement. Special assistance was provided by the Lawrence Police Department; U.S. Postal Inspection Service; Massachusetts State Police; Federal Bureau of Investigation; and Essex County Sheriff’s Office. Assistant U.S. Attorneys Katherine Ferguson and J. Mackenzie Duane prosecuted the case.
     

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Florida Businessman Sentenced to Prison for Tax Evasion

    Source: United States Attorneys General 1

    A Florida man was sentenced yesterday to 30 months in prison for evading more than $5.5 million in taxes, interest, and penalties that he owed the IRS.

    According to court documents and statements made in court, David Albert Fletcher, of Deltona, owned and operated furniture liquidations businesses, including Century Liquidators. For tax years 2004 through 2013, Fletcher did not timely file his federal income tax returns or pay the taxes he owed. After an audit, the IRS assessed a total of $1.7 million in taxes, interest, and penalties against him.

    To evade collection of these taxes, Fletcher concealed his income and assets from the IRS. For example, Fletcher used nominees to hide his purchases of luxury vehicles, including Rolls Royces. Fletcher also filed false income tax returns that understated his income by several million dollars, and when an IRS special agent interviewed him, Fletcher falsely represented the amount of income he earned.

    In addition to his prison sentence, U.S. District Judge Wendy Berger for the Middle District of Florida ordered Fletcher to serve three years of supervised release and to pay approximately $7,112,689 in restitution to the United States.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Gregory W. Kehoe for the Middle District of Florida made the announcement.

    IRS Criminal Investigation investigated the case.

    Trial Attorneys Zachary A. Cobb and Charles A. O’Reilly of the Tax Division and Assistant U.S. Attorney Megan Testerman for the Middle District of Florida prosecuted the case.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI: WithSecure Corporation: SHARE REPURCHASE 9.4.2025

    Source: GlobeNewswire (MIL-OSI)

    WithSecure Corporation, STOCK EXCHANGE RELEASE, 9 April 2025 at 6.30 PM (EET)
         
         
    WithSecure Corporation: SHARE REPURCHASE 9.4.2025
         
    In the Helsinki Stock Exchange    
         
    Trade date           9.4.2025  
    Bourse trade         Buy  
    Share                  WITH  
    Amount             15 000 Shares
    Average price/ share    0,8238 EUR
    Total cost            12 357,00 EUR
         
         
    WithSecure Corporation now holds a total of 401 890 shares
    including the shares repurchased on 9.4.2025  
         
    The share buybacks are executed in compliance with Regulation 
    No. 596/2014 of the European Parliament and Council (MAR) Article 5
    and the Commission Delegated Regulation (EU) 2016/1052.
         
         
    On behalf of Withsecure Corporation  
         
    Nordea Bank Oyj    
         
    Janne Sarvikivi           Sami Huttunen  
         
         
    Contact information:    
    Laura Viita    
    Vice President Controlling, Investor relations and Sustainability
    WithSecure Corporation    
    Tel. +358 50 4871044    
    Investor-relations@withsecure.com    
         
         
         
         
         
         

    Attachment

    • WithSecure 9.4.2025

    The MIL Network –

    April 10, 2025

  • MIL-OSI: Results of Annual General Meeting

    Source: GlobeNewswire (MIL-OSI)

    Diversified Energy Company PLC
    (“Diversified” or the “Company”)

    Results of Annual General Meeting

    Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) is pleased to announce that all 20 resolutions put to shareholders at the Company’s Annual General Meeting held on April 9, 2025 were duly passed.

    The total votes were cast as follows:

    Resolution   For %   Against %   Withheld
    1 Receipt of Annual Report   50,118,979 100 %   90,746 — %   39,401
    2 Approval of Final Dividend   50,186,943 100 %   42,897 — %   19,286
    3 Authority to re-appoint Auditor   53,936,715 100 %   100,784 — %   49,749
    4 Authority to determine Auditor’s Remuneration   50,176,989 100 %   47,950 — %   24,187
    5 Re-elect David Edward Johnson   50,096,070 100 %   126,406 — %   26,650
    6 Re-elect Robert “Rusty” Russell Hutson, Jr.   50,079,603 100 %   143,175 — %   26,348
    7 Re-elect Martin Keith Thomas   48,239,720 96 %   1,982,930 4 %   26,476
    8 Re-elect David Jackson Turner, Jr.   49,112,530 98 %   1,108,448 2 %   28,148
    9 Re-elect Sandra Mary Stash   50,076,037 100 %   145,379 — %   27,710
    10 Re-elect Kathryn Klaber   46,216,417 92 %   3,950,411 8 %   82,298
    11 Authority to allot shares   49,410,519 98 %   810,329 2 %   28,278
    12 Directors’ Remuneration Report   49,223,090 98 %   984,189 2 %   41,847
    13 Director’s Remuneration Policy   38,283,303 79 %   10,373,294 21 %   1,592,529
    14 Political donations & expenditures   49,933,787 100 %   226,129 — %   89,210
    15 Amendment to 2017 Equity Incentive Plan   49,745,588 99 %   250,196 1 %   253,342
    16 Dis-apply pre-emption rights   49,750,124 99 %   257,326 1 %   241,676
    17 Dis-apply pre-emption rights (Acquisitions)   49,146,350 98 %   854,587 2 %   248,189
    18 Purchase of Company’s own shares   50,132,207 100 %   75,167 — %   41,752
    19 Share Repurchase Contracts and Counterparties   50,148,797 100 %   69,100 — %   31,229
    20 Short General Meeting notice period   49,221,371 98 %   999,242 2 %   28,513

    Note: A vote “Withheld” is not a vote in law and is not counted in the calculation of the proportion of the votes “For” or “Against” shown.

    The full text of the resolutions passed at the AGM has been submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    The Board of Diversified Energy Company PLC (the “Board”) is pleased to note that shareholders unanimously approved all of the general and special resolutions. Having actively engaged with many shareholders ahead of the AGM and throughout the year, the Board would like to thank shareholders for their input and continued support.

    The Board notes that shareholders approved the resolutions with significant majorities, including Resolution 13 (Approval of the Director’s Remuneration Policy), which was passed with a majority vote of 79% in favor of the resolution.

    The approved Director’s Remuneration Policy was developed through consultation with a significant number of the Company’s largest shareholders and proxy advisors, and the Board believes that the approved Remuneration Policy reinforces alignment of Executive Director compensation with long-term shareholder value creation and remuneration best-practice standards, and reflects competitive practices among the Company’s peers. The Board will continue to engage with key stakeholders on a regular basis while continuing the important focus on remuneration matters that properly align with US-based compensation practices. In accordance with provision 4 of the UK Corporate Governance Code, the Company will publish an update on this engagement, in accordance with the UK Corporate Governance Code, within six months of the 2025 AGM and a final summary in the Company’s Annual Report for the 2025 Financial Year.

    For further information, please contact:

    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    Senior Vice President, Investor Relations &
    Corporate Communications    		 www.div.energy
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  


    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    The MIL Network –

    April 10, 2025

  • MIL-OSI USA: Virginia Man Indicted for Obstructing the IRS and Failing to File Tax Returns

    Source: US State of North Dakota

    A federal grand jury in Alexandria, Virginia, returned an indictment yesterday charging a Virginia man with obstructing the IRS and willfully failing to file tax returns.

    According to the indictment, Omini Tete Riman, of Woodbridge, was an information technology specialist. He allegedly filed false 2013 and 2014 tax returns, reporting that he earned nearly $2 million in income and had almost $1 million withheld in taxes. Based on those false statements, Riman allegedly claimed nearly $400,000 in refunds, which the IRS paid.

    The indictment states that starting in 2016, after notifying Riman about his outstanding tax liabilities, the IRS attempted to recover the funds from him. However, Riman allegedly took numerous steps to frustrate the IRS’s collection efforts. For example, it is alleged he transferred his property to a trust, opened bank accounts in the trust’s name and directed that his wages be deposited into the trust’s bank account. It is further alleged that he also submitted false documents to the IRS, including false documents which purported to show that an IRS employee owed him money and that Riman had canceled the debt, which, if accurate, would have caused the IRS employee’s own tax liability to increase.  

    In addition, the indictment alleges that for tax years 2018 through 2023, Riman knew he was legally required to file tax returns but willfully did not do so timely. In fact, after being notified that he was the target of a grand jury investigation in 2025, Riman allegedly filed tax returns for 2017 through 2020 which falsely reported that he had earned no income during those years. 

    If convicted, Riman faces a maximum penalty of three years in prison for each count of obstructing the IRS and a maximum penalty of one year in prison for each count of failing to file a tax return. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Erik S. Siebert for the Eastern District of Virginia made the announcement.

    IRS Criminal Investigation and the U.S. Department of the Treasury’s Office of the Inspector General are investigating the case.

    Trial Attorneys Isaiah Boyd III and Daniel Lipkowitz of the Justice Department’s Tax Division and Assistant U.S. Attorney Jordan Harvey for the Eastern District of Virginia are prosecuting the case.

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

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI Security: Delco Man Who Committed Six Armed Robberies of Area Hotels Sentenced to 12 Years in Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    PHILADELPHIA – United States Attorney David Metcalf announced that Naim-Shahid Jumah Austin, 28, of Yeadon, Pennsylvania, was sentenced by United States District Court Judge Cynthia M. Rufe on Monday to 144 months in prison and five years of supervised release for a spate of armed robberies targeting local hotels in late 2022.

    In January 2023, Austin was charged by indictment with six counts of robbery which interferes with interstate commerce (Hobbs Act robbery), and firearms offenses. In December of last year, the defendant pleaded guilty to all the robberies, and to using, carrying, and brandishing a firearm during and in relation to a crime of violence.

    As detailed in court filings and admitted to by the defendant, between September 2022 and December 2022, Austin targeted the hotels in the early morning hours, when one employee was usually working alone at the front desk. He terrorized his victims at gunpoint, demanding that they hand over cash from the registers.

    Austin was armed with a .45-caliber semiautomatic pistol and drove his mother’s car to all six robberies, which occurred at hotels in Chester, Delaware, and Montgomery counties:

    • September 16, 2022, 3:23 a.m. – Courtyard by Marriott, Tredyffrin Township, Pa.
    • September 18, 2022, 4:02 a.m. – Holiday Inn & Suites, Drexel Hill, Pa. (also robbed hotel guest)
    • October 10, 2022, 2:05 a.m. – Fairfield Inn & Suites, Broomall, Pa. (fled empty-handed)
    • November 21, 2022, 3:35 a.m. – Home2 Suites by Hilton, Glen Mills, Pa.
    • December 2, 2022, 4:04 a.m. – Marriott Philadelphia West, West Conshohocken, Pa.
    • December 12, 2022, 4:41 a.m. – Holiday Inn Express & Suites, West Chester, Pa.

    West Goshen Township Police located and arrested Austin minutes after the December 12, 2022, hotel robbery.

    “Naim Austin was on a one-man crime spree, committing six armed robberies in less than three months,” said U.S. Attorney Metcalf. “He threatened the hotel employees he victimized at gunpoint, to terrify them into compliance. This sentence keeps him off the street and holds him accountable for what he’s done. My office and our partners are committed to making our communities safer by bringing violent offenders like this to justice.”

    “Brazen violent criminals like Austin terrorize our communities,” said Wayne A. Jacobs, FBI Philadelphia’s Special Agent in Charge. “This sentencing is a testament to the coordinated efforts between all of law enforcement. The FBI and our partners will never stop working to crush violent crime and ensure our citizens have a safe place to work and live in.”

    This case was investigated by FBI Philadelphia’s Newtown Square Resident Agency and the Pennsylvania State Police, with assistance from the Tredyffrin Township Police Department, Upper Darby Township Police Department, Marple Township Police Department, Newtown Township Police Department, West Conshohocken Police Department, Birmingham Township Police Department, West Goshen Township Police Department, and Chester County Detectives. The case is being prosecuted by Special Assistant United States Attorney Sandra Urban.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: New York Man Sentenced to More Than Two Years in Prison for Money Laundering Connected to Stolen Federal Funds

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    Xing Zheng, 35, of Queens, New York, has been sentenced to 28 months in prison for his role in a conspiracy to launder approximately $2.98 million of fraud proceeds.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: FCI Allenwood Inmate Sentenced to 21 Months in Prison for Possessing a Weapon

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    SCRANTON – The United States Attorney’s Office for the Middle District of Pennsylvania announced that Anthony Evans, age 28, a federal inmate at the Federal Correction Institution Allenwood (FCI Allenwood), Allenwood, Pennsylvania, was sentenced to 21 months’ imprisonment by Chief United States District Judge Matthew W. Brann for possession of a weapon.   

    According to the Acting United States Attorney John C. Gurganus, on July 15, 2024, while an inmate at FCI Allenwood, Evans possessed an inmate manufactured weapon commonly referred to as a “shank.”  The manufactured weapon, which was a piece of metal sharpened to a point with a cloth handle measuring six inches in length, was discovered by a correctional officer during a search of Evans.

    The case was investigated by the Federal Bureau of Investigation (FBI) and the Federal Bureau of Prisons Special Investigative Service. Assistant United States Attorney Tatum Wilson prosecuted the case.

    # # #

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Economics: Phillips 66 Sets the Record Straight on Gregory J. Goff’s Relationship with Elliott Management

    Source: Phillips

    HOUSTON–(BUSINESS WIRE)– Phillips 66 (NYSE:PSX) (the “Company”) today responded to a letter released by Gregory J. Goff to Phillips 66 Shareholders. The Board of Phillips 66 has issued the following statement:
    “Gregory Goff is clearly affiliated with Elliott Management. As of this morning, he remains featured as CEO of Amber Energy, an entity that Elliott has backed in its bid for Citgo, a Phillips 66 competitor. This important and obvious fact about a clear conflict of interest was never mentioned in Mr. Goff’s communication and is plainly misleading to shareholders. The notion he is an investor independent of Elliott is obviously false. This stunt reflects Elliott’s growing desperation to convince real investors to support its shortsighted, rushed breakup of Phillips 66. We will continue to engage with all investors on the facts and remain confident that those investors value the reliable $43 billion1 dollars of value we have returned through volatile market cycles.”
    About Phillips 66
    Phillips 66 (NYSE: PSX) is a leading integrated downstream energy provider that manufactures, transports and markets products that drive the global economy. The company’s portfolio includes Midstream, Chemicals, Refining, Marketing and Specialties, and Renewable Fuels businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn.
    Forward-Looking Statements
    This news release contains forward-looking statements within the meaning of the federal securities laws relating to Phillips 66’s operations, strategy and performance. Words such as “anticipated,” “committed,” “estimated,” “expected,” “planned,” “scheduled,” “targeted,” “believe,” “continue,” “intend,” “will,” “would,” “objective,” “goal,” “project,” “efforts,” “strategies” and similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements included in this news release are based on management’s expectations, estimates and projections as of the date they are made. These statements are not guarantees of future events or performance, and you should not unduly rely on them as they involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include: changes in governmental policies or laws that relate to our operations, including regulations that seek to limit or restrict refining, marketing and midstream operations or regulate profits, pricing, or taxation of our products or feedstocks, or other regulations that restrict feedstock imports or product exports; our ability to timely obtain or maintain permits necessary for projects; fluctuations in NGL, crude oil, refined petroleum, renewable fuels and natural gas prices, and refining, marketing and petrochemical margins; the effects of any widespread public health crisis and its negative impact on commercial activity and demand for refined petroleum or renewable fuels products; changes to worldwide government policies relating to renewable fuels and greenhouse gas emissions that adversely affect programs including the renewable fuel standards program, low carbon fuel standards and tax credits for renewable fuels; potential liability from pending or future litigation; liability for remedial actions, including removal and reclamation obligations under existing or future environmental regulations; unexpected changes in costs for constructing, modifying or operating our facilities; our ability to successfully complete, or any material delay in the completion of, any asset disposition, acquisition, shutdown or conversion that we have announced or may pursue, including receipt of any necessary regulatory approvals or permits related thereto; unexpected difficulties in manufacturing, refining or transporting our products; the level and success of drilling and production volumes around our midstream assets; risks and uncertainties with respect to the actions of actual or potential competitive suppliers and transporters of refined petroleum products, renewable fuels or specialty products; lack of, or disruptions in, adequate and reliable transportation for our products; failure to complete construction of capital projects on time or within budget; our ability to comply with governmental regulations or make capital expenditures to maintain compliance with laws; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets, which may also impact our ability to repurchase shares and declare and pay dividends; potential disruption of our operations due to accidents, weather events, including as a result of climate change, acts of terrorism or cyberattacks; general domestic and international economic and political developments, including armed hostilities (such as the Russia-Ukraine war), expropriation of assets, and other diplomatic developments; international monetary conditions and exchange controls; changes in estimates or projections used to assess fair value of intangible assets, goodwill and property and equipment and/or strategic decisions with respect to our asset portfolio that cause impairment charges; investments required, or reduced demand for products, as a result of environmental rules and regulations; changes in tax, environmental and other laws and regulations (including alternative energy mandates); political and societal concerns about climate change that could result in changes to our business or increase expenditures, including litigation-related expenses; the operation, financing and distribution decisions of equity affiliates we do not control; and other economic, business, competitive and/or regulatory factors affecting Phillips 66’s businesses generally as set forth in our filings with the Securities and Exchange Commission. Phillips 66 is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
    Additional Information
    On April 8, 2025, Phillips 66 filed a definitive proxy statement on Schedule 14A (the “Proxy Statement”) and accompanying WHITE proxy card with the U.S. Securities and Exchange Commission (the “SEC”) in connection with its 2025 Annual Meeting of Shareholders (the “2025 Annual Meeting”) and its solicitation of proxies for Phillips 66’s director nominees and for other matters to be voted on. This communication is not a substitute for the Proxy Statement or any other document that Phillips 66 has filed or may file with the SEC in connection with any solicitation by Phillips 66. PHILLIPS 66 SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT (AND ANY AMENDMENTS AND SUPPLEMENTS THERETO) AND ACCOMPANYING WHITE PROXY CARD AND ANY OTHER RELEVANT SOLICITATION MATERIALS FILED WITH THE SEC AS THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain copies of the Proxy Statement, any amendments or supplements to the Proxy Statement and other documents (including the WHITE proxy card) filed by Phillips 66 with the SEC without charge from the SEC’s website at www.sec.gov. Copies of the documents filed by Phillips 66 with the SEC also may be obtained free of charge at Phillips 66’s investor relations website at https://investor.phillips66.com or upon written request sent to Phillips 66, 2331 CityWest Boulevard, Houston, TX 77042, Attention: Investor Relations.
    Certain Information Regarding Participants
    Phillips 66, its directors, its director nominees and certain of its executive officers and employees may be deemed to be participants in connection with the solicitation of proxies from Phillips 66 shareholders in connection with the matters to be considered at the 2025 Annual Meeting. Information regarding the names of such persons and their respective interests in Phillips 66, by securities holdings or otherwise, is available in the Proxy Statement, which was filed with the SEC on April 8, 2025, including in the sections captioned “Beneficial Ownership of Phillips 66 Securities” and “Appendix C: Supplemental Information Regarding Participants in the Solicitation.” To the extent that Phillips 66’s directors and executive officers who may be deemed to be participants in the solicitation have acquired or disposed of securities holdings since the applicable “as of” date disclosed in the Proxy Statement, such transactions have been or will be reflected on Statements of Changes in Ownership of Securities on Form 4 or Initial Statements of Beneficial Ownership of Securities on Form 3 filed with the SEC. These documents are or will be available free of charge at the SEC’s website at www.sec.gov.
    1 Shareholder distribution through dividends paid on common stock and repurchases of common stock.

    Source: Phillips 66

    MIL OSI Economics –

    April 10, 2025

  • MIL-OSI Economics: Secretary-General of ASEAN attends the ASEAN Finance Ministers’ Retreat in Kuala Lumpur, Malaysia

    Source: ASEAN – Association of SouthEast Asian Nations

    Secretary-General of ASEAN, Dr. Kao Kim Hourn, today attended the ASEAN Finance Ministers (AFMM) Retreat in Kuala Lumpur, Malaysia. With the theme “Prospering Regional Development and Competitiveness among ASEAN Member States,” the Retreat discussed various issues on addressing external economic challenges, trade cooperation, and promoting local currency bond markets.

    The post Secretary-General of ASEAN attends the ASEAN Finance Ministers’ Retreat in Kuala Lumpur, Malaysia appeared first on ASEAN Main Portal.

    MIL OSI Economics –

    April 10, 2025

  • MIL-OSI USA: Cantwell, Moran Reintroduce Bill to Help U.S. Host Cities Bolster Local Infrastructure Ahead of 2026 World Cup, 2028 & 2034 Olympics

    US Senate News:

    Source: United States Senator for Washington Maria Cantwell

    04.09.25

    Cantwell, Moran Reintroduce Bill to Help U.S. Host Cities Bolster Local Infrastructure Ahead of 2026 World Cup, 2028 & 2034 Olympics

    Cantwell: “With less than 500 days until Seattle hosts its first 2026 World Cup game, we need the Department of Transportation to get in the game and support host cities”

    WASHINGTON, D.C. – U.S. Senators Maria Cantwell (D-WA), ranking member of the Senate Committee on Commerce, Science, and Transportation and senior member of the Finance Committee, and Jerry Moran (R-KS), a member of the Commerce Committee, reintroduced the Transportation Assistance for Olympic and World Cup Cities Act to provide federal funding for local communities to prepare for transportation demands and ensure the successful movement of fans, workers, and goods during the 2026 FIFA Men’s World Cup, the 2028 Summer Olympics, and the 2034 Winter Olympics that will all be held in the United States.

    “With less than 500 days until Seattle hosts its first 2026 World Cup game, we need the Department of Transportation to get in the game and support host cities as they work to showcase the best of American innovation and hospitality,” said Sen. Cantwell. “This bill will help ensure the hundreds of thousands of fans visiting Seattle can get to and from games safely and efficiently by improving coordinated transportation planning across the Pacific Northwest.”

    “It was a tremendous feat to secure a spot as a host city during the 2026 World Cup, and I have no doubt that Kansas City will be a welcoming community for hundreds of thousands of soccer fans from around the world,” said Sen. Moran. “Preparations are already underway for the games, and this legislation will support local community and agency efforts to improve infrastructure to connect fans with businesses, hotels, the airport and other host cities during the World Cup.”

    The United States, Canada, and Mexico were selected to host the 2026 FIFA Men’s World Cup, and 11 U.S. cities are preparing to host World Cup matches, including Kansas City, Seattle, Atlanta, Boston, Dallas, Houston, Los Angeles, Miami, New York/New Jersey, Philadelphia, and the San Francisco Bay Area. Transportation demands will increase greatly as host cities and surrounding communities are expecting hundreds of thousands of additional visitors from across the globe during the games. Los Angeles will host the 2028 Olympics and Salt Lake City was selected to host the 2034 Winter Olympics.

    This legislation would create a grant program administered by the U.S. Department of Transportation (DOT) to provide host cities with funding for projects that improve transportation in the region during World Cup or Olympic games. Grants would support permanent transportation projects – building new roads, expanding light rail, purchasing new buses, creating bike lanes, improving existing roads or highways, or making airport terminal improvements. 

    The Transportation Assistance for Olympic and World Cup Cities Act would:

    • Provide resources to host cities through grant funding for projects that improve transportation in the region during World Cup or Olympic games, which could include acquiring buses, improving airports, or building roads.
    • Allow DOT to provide technical and planning assistance to host cities, states, and tribes within 100 miles of a World Cup or Olympic event to help improve coordination and prepare regional transportation systems for the influx of fans.
    • Allow DOT to facilitate sharing public transportation equipment, such as buses, between host cities and other cities, helping reduce costs while meeting transportation demand.
    • Direct the Department of Commerce to study the economic impact hosting the World Cup and the Olympics has on travel and tourism in the United States

    “The USOPC strongly supports the Transportation Assistance for Olympic and World Cup Host Cities Act, and we thank Senators Moran and Cantwell for their leadership on this issue. This legislation is crucial to ensuring the United States is prepared to host the decade of sport ahead, from the 2026 FIFA World Cup to the 2028 Summer Olympic and Paralympic Games in Los Angeles and the 2034 Winter Olympic and Paralympic Games in Salt Lake City. This bill will make it possible for cities to enhance their infrastructure and provide a seamless experience for athletes and fans alike. The essential transportation assistance set forward in this bill will help make these global events a success and demonstrate American excellence on the world stage.” – The U.S. Olympic & Paralympic Committee.

    “We are excited for the 2026 FIFA Men’s World Cup to take place in the United States,” said Cindy Parlow Cone, U.S. Soccer Federation President. “We appreciate Senators Moran and Cantwell for introducing legislation to provide the 11 U.S. cities hosting World Cup matches, and the dozens more cities hosting team base camps, fan fests and other events and activities, with the resources they will need to welcome the hundreds of thousands of people that will travel here from around the world.”

    “From ferries to trains, buses to highways, the World Cup will undoubtedly put Washington state’s transportation system to the test,” said Peter Tomozawa, CEO, Seattle FIFA World Cup 26 Organizing Committee. “We appreciate Senator Cantwell’s leadership to provide transportation agencies the support they need so we’re ready to showcase Washington to the world in 2026.”

    “We are pleased to see this important transportation assistance legislation introduced in support of Kansas City’s World Cup efforts,” said Pam Kramer, Chief Executive Officer of KC2026. “Senator Moran continues to be a leader in transportation, mobility, safety and security in the Kansas City region. This legislation will give much needed support to our efforts to ensure safe and efficient transportation of people and goods throughout the region during the World Cup. More importantly, these investments and support will help us create sustained and lasting impact beyond the World Cup, improving mobility in the region well beyond 2026.”

    “On behalf of the KCATA, we are grateful that Senator Jerry Moran is demonstrating his foresight and leadership by introducing bipartisan legislation that will help us, and other host cities effectively host these games and move people to where they need to be,” said Frank White III, President and CEO of the Kansas City Area Transportation Authority (KCATA). “The Senator’s outreach and understanding of our needs to serve both visitors and residents will help us with effective planning and preparation to host sizable crowds on our transit systems next summer.”

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI United Kingdom: Now is the time to generate growth together with India

    Source: United Kingdom – Executive Government & Departments 3

    Press release

    Now is the time to generate growth together with India

    £400m of trade and investment wins from UK-India Economic and Financial Dialogue set to boost the British economy.

    • £400m of trade and investment wins set to boost the British economy and deliver economic growth and security for working people.
    • Chancellor Rachel Reeves and Indian Finance Minister Nirmala Sitharaman announces joint statement unlocking cooperation across a range of business sectors.
    • Business and Trade Secretary Jonathan Reynolds and Minister Sitharaman bring together key business leaders from both the UK and India to drive economic growth.

    £400m of trade and investment wins are set to boost the British economy and deliver economic growth and security for working people as the government vows to back British business through uncertain global times.

    Today (Wednesday 09 April), the Chancellor took part in the 13th UK-India Economic and Financial Dialogue (EFD), marking a significant moment in unlocking opportunities as the two countries look to strengthen economic ties and secure a Free Trade Agreement and Bilateral Investment Treaty.

    Rachel Reeves, Chancellor of the Exchequer, said:

    In a changing world, it is imperative we go further and faster to kickstart economic growth. We have listened to British businesses, which is why we’re negotiating trade deals with countries across the world, including India, so we can support them and put more money in people’s pockets as part of our Plan for Change.

    Our relationship with India is longstanding and broad and I am delighted with the progress made throughout this dialogue to develop it further.

    Today’s EFD was Chancellor Reeves’ first with India. It saw the signing of a joint statement unlocking cooperation across a range of business sectors, including defence, financial services, education and development, and strengthened governmental collaboration across growth, economic resilience and international financial issues.

    The government is working to make Britain the best country in the world to do business, already bringing in more stability, offering an open trading economy and creating the right conditions for investment.

    At the London Stock Exchange today, the Chancellor and her Indian counterpart set out plans to generate growth, improve our Financial Services ties and deepen policy cooperation on the UK Industrial Strategy, tax, sustainable finance and illicit finance.

    The total commercial package from this dialogue is made up of new announcements worth £128m in export deals and investments, as well as recent deals worth £271m. This includes:

    • Paytm, India’s largest digital payment app, announced plans to invest in the UK to accelerate access to affordable digital payments and credit for small businesses.
    • Barclays Bank PLC India announced on 18 March a further capital injection of over £210M into its Indian operations, affirming its long-term commitment to India. This capital investment will grow its businesses across the Investment and Private Banking in India. 
    • HSBC Bank will expand its presence from the current 14 cities to 34 cities in India. This significant expansion will enable the bank to cover approximately 95% of India’s wealth market, reinforcing their commitment to India. 
    • Standard Chartered Bank today announced that it has shifted to larger office premises at GIFT City, reinforcing its long-term commitment to India’s premier international financial services hub.
    • Mphasis, an Indian tech business, are setting up a quantum centre of excellence in London and exploring an office in Nottingham which will support 100 jobs.
    • British International Investment Plc (BII) is committing $10m to the agritech start up, Grow Indigo, to pilot an innovative carbon credit programme to promote regenerative agricultural practices in India. 
    • WNS, a global digital-led business transformation services company founded in India with a $2.7bn market cap, will expand their London HQ presence with a new office and open a state-of-the-art AI design hub to expand the UK’s AI and digital talent pool to drive growth and create jobs.
    • Revolut announced that they are gearing up for launch in India later this year, following authorisation this week from Reserve Bank of India.
    • UK firm Wise announces plans to open a new office in Hyderabad, India as part of broader mission to transform the trillion-pound international money movement market.
    • Prudential’s announcement of launching their first fully owned global services hub in Bengaluru and third joint venture in India establishing a standalone health insurance business.
    • British International Investment invest $15m investment in vehicle dedicated to investing in India based on inclusion-focused early-stage companies.
    • The UK welcomes India paving the way to allow Indian companies to list internationally and exploring listing at the London Stock Exchange. The India-UK Financial Partnership published its report ‘Catalysing Bilateral Growth: Connecting India and the UK’s Equity Capital Markets report’. The report aims to lay the foundation for advancing capital account connectivity and strengthening confidence in both markets and will be presented following the EFD.
    • Coventry University announced today that it is set to become the first English university to be granted a licence to open a campus in India, as UK universities are being granted licences to open a campus in India’s new GIFT city. And the London School of Economics announced that Tata Trusts is continuing its enduring partnership with LSE by awarding a Corpus Grant to support scholarships for Indian students at the School.
    • Agreement for both sides to continue excellent collaboration as co-chairs of the G20’s Framework Working Group and to work closely together to promote discussion and build consensus around responses to risks to the global macroeconomic outlook. 
    • New ambitions set for joint investments in green enterprises, tech start-ups and climate adaptation building on the success of the UK-India Green Growth Equity Fund (GGEF).

    Secretary of State for Business and Trade Jonathan Reynolds and Minister Sitharaman also today hosted a business roundtable, bringing together key leaders from the financial and professional business services sectors including Tide, HSBC, Aviva, Vodafone, WNS, and Mizuho International. Attendees recognised the strength of the economic relationship between the UK and India, as well as the opportunity for closer collaboration – including through an ambitious trade deal.

    Areas for collaboration on defence were also identified, as both sides looked forward to the finalisation of the India-UK Defence Industrial Roadmap, set to strengthen ties between industrial sectors and integrate supply chains.

    Secretary of State for Business and Trade Jonathan Reynolds said: 

    I was delighted to meet with Minister Sitharaman, hear from businesses, and discuss how we can strengthen the strong economic bonds between our two nations.

    Both the UK and India are committed to delivering economic growth and giving businesses the confidence and stability they need to expand. 

    That is why we are continuing to negotiate towards an ambitious trade deal that unlocks opportunities both at home and abroad for British businesses and supports our Plan for Change.

    The UK and India have strong economic, cultural, and education links, with India being a key trading partner for the UK with over £40bn worth of UK-India trade last year alone. The UK’s long-standing programme of EFDs with India is the critical forum to deliver continuous economic gains over time.

    The EFD follows a recent visit to Delhi by Jonathan Reynolds, the Secretary of State for Business and Trade, which relaunched UK-India trade negotiations.

    Keshav R. Murugesh, Group CEO, WNS said:

    The UK and India stand as natural partners, and this re-energized trade and investment relationship marks a pivotal stride in our already strong alliance. The potential before us is immense. By formalizing our collaboration in pioneering fields like AI, we will not only fuel innovation and generate high-skilled jobs in both our nations, but also solidify our joint leadership in this transformative era. This is indeed a thrilling chapter for the UK-India partnership.

    Bill Winters, Group Chief Executive, Standard Chartered said:

    In the face of global developments, it is imperative that we think creatively and act in partnership. The UK and India’s focus on strengthening financial ties and deepening cooperation between our governments, regulators, industry leaders and experts, plays an important role in driving economic progress, setting global benchmarks for stability and innovation and paving the way for greater trade and investment in both countries.

    The Rt Hon The Lord Mayor of London, Alderman Alastair King, 

    We had a highly constructive discussion with Hon. Minister Nirmala Sitharaman and The Rt. Hon. Jonathan Reynolds, joined by leaders from across the financial services sector. There is a strong, shared commitment to deepen our economic partnership and drive greater prosperity—particularly in key areas such as green finance, infrastructure investment, and fintech. 

    Global trade is entering a new era, where strategic alliances and trade agreements are more crucial than ever. As we look ahead to the UK-India Economic and Financial Dialogue and continue FTA negotiations, our focus remains on sustaining momentum and delivering tangible outcomes in the months to come.” 

    David Schwimmer, CEO, LSEG said:

    LSEG is honoured to host the 13th UK-India Economic and Financial Dialogue at the London Stock Exchange as part of our continued support for initiatives that promote collaboration and connectivity between UK and Indian financial markets. Through deepened partnership, the governments and regulators from both countries can help to build an environment which delivers real benefits to their financial markets and economies.

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    Updates to this page

    Published 9 April 2025

    MIL OSI United Kingdom –

    April 10, 2025

  • MIL-OSI Security: Nigerian National Sentenced to Federal Prison for Fraud Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    MIAMI – A Nigerian national has been sentenced to six years in federal prison for orchestrating a fraud scheme which involved the impersonation of property owners and the fraudulent negotiation of vacant lot properties. The sentencing comes after the defendant pleaded guilty to aggravated identity theft and mail fraud in January.

    Between April 2022 and April 2023, Uwa Nosakhare, 26, and others attempted to sell vacant lot properties in Palm Beach County, Fla., without the owners’ authorization. The fraudsters used the property owners’ and other victims’ personal identifiable information (PII), without their knowledge, to create fake driver licenses, notary credentials, bank account statements and several other property sale documents. After the fraudulent property sale was completed, the buyers were provided with wire instructions to transfer the sale proceeds to bank accounts controlled by those involved in the scheme.  

    U.S. Attorney Hayden P. O’Byrne for the Southern District of Florida, Acting Special Agent in Charge Brett Skiles of the FBI, Miami Field Office, Acting Special Agent in Charge José R. Figueroa of Homeland Security Investigations (HSI) Miami, Sheriff Ric Bradshaw of the Palm Beach County Sheriff’s Office (PBSO) and Chief Michele Miuccio of the Boca Raton Police Department announced the sentence.

    FBI Miami, HSI Miami, PBSO and the Boca Raton Police Department investigated the case. Assistant U.S. Attorney Justin Chapman prosecuted the case. Assistant U.S. Attorney Emily Stone is handling asset forfeiture.

    Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or at http://pacer.flsd.uscourts.gov, under case number 24-cr-80084.

    ###

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Pennsylvania Man Sentenced to Federal Prison in Large-Scale COVID-19 Pandemic Loan Scheme

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    A Pennsylvania man who organized a large scheme to defraud the federal government out of COVID-19 pandemic loan moneys in 2021 was sentenced today to more than six years in federal prison.  Alhaji Kundu Aly, age 35, from Chester, Pennsylvania, formerly of Liberia, received the prison term after a June 14, 2024, guilty plea to one count of wire fraud.

    In a plea agreement, and at the sentencing hearing, Aly admitted that, in 2021, he and others recruited and assisted various individuals in the Northern District of Iowa and elsewhere to apply for Paycheck Protection Program (“PPP”) loans for which they did not actually qualify, in exchange for a fee.  False, fraudulent, and fictitious documents and statements were submitted to various lending institutions in support of the PPP loans for the PPP applicants.  After the PPP applicants received the fraudulent PPP loans, it was part of the scheme to demand a portion of the PPP moneys from the PPP applicants and, if necessary, Aly traveled to demand payment in person.  Aly traveled to Iowa and demanded payment in person from a PPP applicant.  Aly admitted at his sentencing hearing that he was responsible for approximately $3.5 million in loss based on more than 170 fraudulent PPP loans as a result of the scheme to defraud.

    Aly was sentenced in Cedar Rapids by United States District Court Chief Judge C.J. Williams.  Aly was sentenced to 78 months’ imprisonment.  He was ordered to make $3,478,781 in restitution the Small Business Administration and two PPP lenders.  Aly must also serve a three-year term of supervised release after the prison term.  There is no parole in the federal system.         

    Aly was released on a bond previously set and is to surrender to the United States Marshal on April 28, 2025, at 10 a.m., in Philadelphia, Pennsylvania.

    The case was prosecuted by Assistant United States Attorney Timothy L. Vavricek and was investigated by the Small Business Administration, Office of Inspector General, and the Federal Bureau of Investigation.  The Internal Revenue Service, Criminal Investigations, and U.S. Treasury Inspector General for Tax Administration assisted the investigation.

    Court file information at https://ecf.iand.uscourts.gov/cgi-bin/login.pl.

    The case file number is 23-CR-9.

    Follow us on Twitter @USAO_NDIA.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Virginia Man Indicted for Obstructing the IRS and Failing to File Tax Returns

    Source: United States Attorneys General 8

    A federal grand jury in Alexandria, Virginia, returned an indictment yesterday charging a Virginia man with obstructing the IRS and willfully failing to file tax returns.

    According to the indictment, Omini Tete Riman, of Woodbridge, was an information technology specialist. He allegedly filed false 2013 and 2014 tax returns, reporting that he earned nearly $2 million in income and had almost $1 million withheld in taxes. Based on those false statements, Riman allegedly claimed nearly $400,000 in refunds, which the IRS paid.

    The indictment states that starting in 2016, after notifying Riman about his outstanding tax liabilities, the IRS attempted to recover the funds from him. However, Riman allegedly took numerous steps to frustrate the IRS’s collection efforts. For example, it is alleged he transferred his property to a trust, opened bank accounts in the trust’s name and directed that his wages be deposited into the trust’s bank account. It is further alleged that he also submitted false documents to the IRS, including false documents which purported to show that an IRS employee owed him money and that Riman had canceled the debt, which, if accurate, would have caused the IRS employee’s own tax liability to increase.  

    In addition, the indictment alleges that for tax years 2018 through 2023, Riman knew he was legally required to file tax returns but willfully did not do so timely. In fact, after being notified that he was the target of a grand jury investigation in 2025, Riman allegedly filed tax returns for 2017 through 2020 which falsely reported that he had earned no income during those years. 

    If convicted, Riman faces a maximum penalty of three years in prison for each count of obstructing the IRS and a maximum penalty of one year in prison for each count of failing to file a tax return. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statutory factors.

    Acting Deputy Assistant Attorney General Karen E. Kelly of the Justice Department’s Tax Division and U.S. Attorney Erik S. Siebert for the Eastern District of Virginia made the announcement.

    IRS Criminal Investigation and the U.S. Department of the Treasury’s Office of the Inspector General are investigating the case.

    Trial Attorneys Isaiah Boyd III and Daniel Lipkowitz of the Justice Department’s Tax Division and Assistant U.S. Attorney Jordan Harvey for the Eastern District of Virginia are prosecuting the case.

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

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI: BexBack: Double Your Deposit, Get $50 Bonus, and Trade with 100x Leverage – No KYC Required!

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, April 09, 2025 (GLOBE NEWSWIRE) — As Bitcoin continues to trade below $85,000 and analysts predict that the crypto market will remain volatile, holding spot positions may not generate short-term profits. Recent economic shifts, including policy announcements such as President Trump’s tariff decisions, have brought some stabilization, but the volatility remains. For investors seeking to maximize returns in these uncertain times, BexBack Exchange offers a powerful solution. With 100x leverage, a 100% deposit bonus, and a $50 welcome bonus for new users, BexBack empowers traders to seize market opportunities. And with no KYC requirements, it provides a seamless and efficient way to trade.

    What Is 100x Leverage and How Does It Work?

    Simply put, 100x leverage allows you to open larger trading positions with less capital. For example:

    Suppose the Bitcoin price is $60,000 that day, and you open a long contract with 1 BTC. After using 100x leverage, the transaction amount is equivalent to 100 BTC.

    One day later, if the price rises to $63,000, your profit will be (63,000 – 60,000) * 100 BTC / 60,000 = 5 BTC, a yield of up to 500%.

    With BexBack’s deposit bonus

    BexBack offers a 100% deposit bonus. If the initial investment is 2 BTC, the profit will increase to 10 BTC, and the return on investment will double to 1000%.

    Note: Although leveraged trading can magnify profits, you also need to be wary of liquidation risks.

    How Does the 100% Deposit Bonus Work?
    The deposit bonus from BexBack cannot be directly withdrawn but can be used to open larger positions and increase potential profits. Additionally, during significant market fluctuations, the bonus can serve as extra margin, effectively reducing the risk of liquidation.

    About BexBack?

    BexBack is a leading cryptocurrency derivatives platform that offers 100x leverage on BTC, ETH, ADA, SOL, XRP, and more than 50 other major altcoins. Headquartered in Singapore, with offices in Hong Kong, Japan, the United States, the United Kingdom, and Argentina, BexBack holds a US MSB (Money Services Business) license and is trusted by over 500,000 traders worldwide. The platform accepts users from the United States, Canada, and Europe, and offers no deposit fees, along with exceptional customer service, including 24/7 support.

    Why recommend BexBack?

    No KYC Required: Start trading immediately without complex identity verification.

    100% Deposit Bonus: Double your funds, double your profits.

    High-Leverage Trading: Offers up to 100x leverage, maximizing investors’ capital efficiency.

    Demo Account: Comes with 10 BTC in virtual funds, ideal for beginners to practice risk-free trading.

    Comprehensive Trading Options: Feature-rich trading available via Web and mobile applications.

    Convenient Operation: No slippage, no spread, and fast, precise trade execution.

    Global User Support: Enjoy 24/7 customer service, no matter where you are.

    Lucrative Affiliate Rewards: Earn up to 50% commission, perfect for promoters.

    Take Action Now—Don’t Miss Another Opportunity!

    If you missed the previous crypto bull run, this could be your chance. With BexBack’s 100x leverage and 100% deposit bonus and $50 bonus for new users (complete one trade within one week of registration), you can be a winner in the new bull run.

    Sign up on BexBack now, claim your exclusive bonus and start accumulating more BTC today!

    Website: www.bexback.com

    Contact: business@bexback.com

    Contact:
    Amanda
    business@bexback.com

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/f7f3f8aa-dcf2-46c0-86de-7673dcf42440

    https://www.globenewswire.com/NewsRoom/AttachmentNg/e23586c2-7889-4cff-b736-3b5ae0010d95

    https://www.globenewswire.com/NewsRoom/AttachmentNg/659a2ea7-4e90-40ad-9dfb-130a65eef709

    https://www.globenewswire.com/NewsRoom/AttachmentNg/99b86064-d3c9-4218-a19f-a24e58af7211

    The MIL Network –

    April 10, 2025

  • MIL-OSI Security: Kristin Rehler, Special Agent in Charge of the Jacksonville Office of the Federal Bureau of Investigation (FBI), Announces Retirement

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

    Kristin Rehler, special agent in charge of the Jacksonville Division of the Federal Bureau of Investigation, has announced her retirement, with a departure date of April 17, 2025. She retires after more than 29 years of honorable and dedicated service to the FBI.

    Reflecting on her career, Ms. Rehler stated, “Leading FBI Jacksonville has been the honor of a lifetime. I’ve had the privilege of working alongside some of the most dedicated professionals in law enforcement—both within the FBI and among our incredible local, state, and federal partners. Our shared mission to protect the American people and uphold the Constitution is made stronger through these vital partnerships. I’m endlessly proud of the work we’ve accomplished together and deeply grateful for the men and women, past and present, whose selfless service make our communities and our country safer.”

    Ms. Rehler began her FBI career in 1996 as a special agent in the Houston Field Office, where she investigated myriad criminal violations, including violent crime, narcotics, and financial crimes. In 2008, she was promoted to supervisor of Houston’s Civil Rights Squad, overseeing the Human Trafficking Task Force.

    In 2012, she was assigned to FBI Headquarters as an assistant inspector/team leader in the Inspection Division, conducting field office inspections, agent-involved shooting investigations, and national program reviews.

    She returned to Houston in 2013 as a supervisor and later served as acting assistant special agent in charge (ASAC) of both the Criminal Branch and the newly formed Technical and Administrative Branch.

    In 2015, Ms. Rehler was promoted to ASAC in the Tampa Field Office, leading the Criminal Branch and overseeing the Evidence Response Team and Operation Panama Express. In 2021, she was appointed ASAC over Tampa’s Counterintelligence and Cyber Branch, managing human intelligence, surveillance, and administrative programs.

    Later that year, she returned to the Inspection Division, where she served as an Inspector prior to being appointed by the Director to lead the Jacksonville Division in April 2024.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Swain County Man Sentenced to Life in Prison for Cold Case Murder in Indian Country

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (c)

    ASHEVILLE, N.C. – Ernest D. Pheasant, Sr., 47, an enrolled member of the Eastern Band of Cherokee Indians (EBCI), was sentenced to life in prison today for the 2013 murder of Marie Walkingstick Pheasant, announced Russ Ferguson, U.S. Attorney for the Western District of North Carolina.

    “For over a decade, Marie’s family has endured the pain of losing their loved one without justice. Today, that changed,” said U.S. Attorney Ferguson. “Ernest Pheasant will pay for his heinous crime by spending the rest of his life behind bars. While nothing can undo the family’s loss, I hope this sentence brings them a measure of justice. My Office remains committed to pursuing cases involving missing or murdered indigenous persons no matter how much time has passed.”

    “While nothing can undo the pain caused by this tragic crime, we hope that this sentence helps to provide closure to the family and friends of Marie Walkingstick Pheasant,” said Marcelino Toersbijns, Chief of the Bureau of Indian Affairs Missing and Murdered Unit (MMU). “This case is emblematic of the Missing and Murdered Indigenous Persons Crisis impacting tribal communities across the country and highlights the importance of the MMU’s mission of analyzing and solving missing, murdered and human trafficking cases involving American Indians and Alaska Natives.”

    According to filed documents and information presented in court, on December 29, 2013, the body of Marie Walkingstick Pheasant was discovered inside a burned-out vehicle parked near Big Cove Road within the Qualla Boundary in the Western District of North Carolina. Investigators determined that the vehicle had been intentionally set on fire. An autopsy revealed that Marie died from stab wounds to the neck and abdomen. DNA retrieved from a baseball cap found near the vehicle was linked to the defendant, who was Marie’s estranged husband.

    On April 7, 2022, following a review of unsolved homicides in the region, the Bureau of Indian Affairs’ Missing and Murdered Unit opened a full interagency investigation into the case. During the investigation, law enforcement determined that Pheasant killed Marie at their home, then transferred her body to the car, drove it to Big Cove Road, and set it on fire. On August 16, 2024, Pheasant pleaded guilty to first degree murder for killing Marie willfully, deliberately, maliciously, and with premeditation.

    The MMU began as the Cold Case task force, part of Operation Lady Justice, a multi-agency effort established by President Trump’s administration in 2019 to enhance the operation of the criminal justice system and address the staggering number of missing and murdered American Indian and Alaska Natives in tribal communities.

    Today’s sentence is the result of the joint investigation conducted by the MMU, the FBI in North Carolina, the North Carolina State Bureau of Investigation, the North Carolina State Highway Patrol, the Cherokee Indian Police Department, and the EBCI Office of the Tribal Prosecutor.

    Assistant U.S. Attorney Alex M. Scott of the U.S. Attorney’s Office in Asheville prosecuted the case.

    Operation Not Forgotten

    On Tuesday, the Justice Department announced a surge in FBI resources across the country to address unresolved violent crimes in Indian Country, including crimes relating to missing and murdered indigenous persons. As part of Operation Not Forgotten, 60 FBI personnel will be sent to Field Offices to support investigations of Indian Country violent crimes. The FBI will be assisted by the Bureau of Indian Affairs Missing and Murdered Unit and will use the latest forensic evidence processing tools to solve cases and hold perpetrators accountable. U.S. Attorney’s Offices will aggressively prosecute case referrals.

    “Crime rates in American Indian and Alaska Native communities are unacceptably high. By surging FBI resources and collaborating closely with US Attorneys and Tribal law enforcement to prosecute cases, the Department of Justice will help deliver the accountability that these communities deserve,” said Attorney General Pam Bondi.

    “The FBI will manhunt violent criminals on all lands – and Operation Not Forgotten ensures a surge in resources to locate violent offenders on tribal lands and find those who have gone missing,” said FBI Director Kash Patel.

    “Violent crime continues to disproportionately impact communities in Indian Country,” said U.S. Attorney Ferguson. “Dedicating additional resources to reduce violent criminal activity in Tribal communities and solve cases of missing or murdered indigenous persons sends a clear message: No victim will be forgotten, and no crime will go unpunished.”

    Scott Davis, Senior Advisor to the Secretary of Interior, exercising the delegated authority of the Assistant Secretary for Indian Affairs, said, “We appreciate the partnership of the Department of Justice and the FBI in addressing these crimes. This announcement reinforces our commitment to Indian Country and our dedication to collaborating with federal, state, and tribal agencies to ensure justice for American Indian and Alaska Native victims while holding offenders accountable.”

    Indian Country faces persistent levels of crime and victimization.  At the beginning of Fiscal Year 2025, FBI’s Indian Country program had approximately 4,300 open investigations, including over 900 death investigations, 1,000 child abuse investigations, and more than 500 domestic violence and adult sexual abuse investigations.

    Operation Not Forgotten renews efforts begun during President Trump’s first term under E.O. 13898, Establishing the Task Force on Missing and Murdered American Indians and Alaska Natives.  This is the third deployment under Operation Not Forgotten, which has provided investigative support to over 500 cases in the past two years. Combined, these operations resulted in the recovery of 10 child victims, 52 arrests, and 25 indictments or judicial complaints.

    Operation Not Forgotten also expands upon the resources deployed in recent years to address cases of missing and murdered indigenous people.  The effort will be supported by the Department’s MMIP Regional Outreach Program, which places attorneys and coordinators in U.S. Attorneys’ Offices across the United States to help prevent and respond to cases of missing or murdered indigenous people.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Europe: President Meloni meets with business associations to discuss tariffs

    Source: Government of Italy (English)

    The Government received representatives from different industry sectors at Palazzo Chigi today to discuss the tariffs recently introduced by the United States. The meetings, convened and chaired by President of the Council of Ministers Giorgia Meloni, were attended, on behalf of the Government, by the Vice-Presidents of the Council of Ministers, Antonio Tajani and Matteo Salvini (via video link), Ministers Giancarlo Giorgetti, Adolfo Urso, Tommaso Foti and Francesco Lollobrigida, and Undersecretaries of State to the Presidency of the Council of Ministers Alfredo Mantovano and Giovanbattista Fazzolari.

    The first meeting was attended by representatives from Confindustria and the Camera Nazionale della Moda Italiana, after which representatives from Confapi, CNA, Confimi Industria, Confimprese Italia, Legacoop, Confartigianato, Conflavoro, Confcommercio, Confesercenti and Casartigiani were received, followed by the agri-food industry associations Coldiretti, Confagricoltura, Confcooperative, CIA-Agricoltori Italiani, Copagri, Assolatte, Federvini, Unione Italiana Vini, Origin Italia, Federalimentare and Filiera Italia. The Italian Trade and Investment Agency also participated in today’s meetings.

    During the discussions, President Meloni and the Ministers present outlined the proposals under consideration to support the production chains that could be the hardest hit by the imposition of tariffs. The Government and industry sector representatives agreed on the need to avert a trade war between the United States and the EU and to avoid emotional reactions which could amplify the effects of the trade measures in question. In this regard, President Meloni recalled that the challenges Italy intends to explore include removing reciprocal tariffs on existing industrial products with the ‘zero-for-zero’ approach. 

    There was a significant focus on listening to the proposals put forward by the business representatives, with the shared awareness that the challenge being faced is complex and requires the active and responsible engagement of all players involved.

    For this purpose, President Meloni proposed an agreement to the industry sectors to act together in response to the delicate economic situation and to establish working groups to identify a series of measures to support the competitiveness of Italy’s entrepreneurial fabric, to go alongside the initiatives the Government intends to pursue at European level. Today’s discussions were held following yesterday’s meeting of the working group established by President Meloni to analyse the repercussions of the situation on the Italian economy.

    MIL OSI Europe News –

    April 10, 2025

  • MIL-OSI Security: Serial Bank Robber Sentenced to Nine Years in Federal Prison

    Source: Federal Bureau of Investigation (FBI) State Crime Alerts (b)

    PROVIDENCE – A Rhode Island man who was previously incarcerated for robbing seven banks was sentenced today to nine years in federal prison for robbing four banks within a three-day span, announced Acting United States Attorney Sara Miron Bloom.

    Vaughn Watrous, 48, was sentenced today by U.S. District Court Judge Melissa R. DuBose to 108 months of incarceration to be followed by one year of federal supervised release. Additionally, he is ordered to pay restitution to victim banks totaling $4,775.

    Watrous pleaded guilty on April 24, 2024, to bank robbery. At the time of his guilty plea, Watrous admitted to robbing three banks in Providence and Cranston on January 19, 20, and 21, 2021; and attempting to rob a fourth bank in North Providence on January 21, 2021.

    According to court records, Watrous was previously convicted of multiple bank robberies in 1997, 2003, and 2013. In 1997 Watrous was convicted in the U.S. District Court in Salt Lake City, Utah, on a charge of bank robbery and sentenced to 51 months in federal prison. In 2003 he was convicted in the U.S. District Court in Providence on two counts of bank robbery and sentenced to 76 months of incarceration.  In October 2015 he was convicted in U.S. District Court in Providence on four counts of bank robbery and sentenced in February 2016 to a term of incarceration of 92 months.

    The most recent case was prosecuted by Assistant United States Attorney Julianne Klein and John P. McAdams.

    The matter was investigated by the FBI, with the assistance of the Providence, Cranston, and North Providence Police Departments.

    ###

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI: SAIC Appoints Kathleen McCarthy as New Executive Vice President and Chief Human Resources Officer

    Source: GlobeNewswire (MIL-OSI)

    RESTON, Va., April 09, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC), a premier mission integrator driving our nation’s digital transformation across the defense, space, civilian and intelligence markets, is pleased to announce the appointment of Kathleen McCarthy as the company’s new Executive Vice President and Chief Human Resources Officer, effective May 12, 2025.

    In this role, McCarthy will report directly to Chief Executive Officer Toni Townes-Whitley and will spearhead all human resources initiatives, employee engagement strategies and talent acquisition operations at SAIC. She will focus on evolving the workforce strategy to deliver the brightest talent, with the highest capabilities to our government customers to help them achieve their missions.

    “Kathleen brings a great depth of experience in cultivating and inspiring exceptional talent which is pivotal in driving both substantial business value and innovation,” said Toni Townes-Whitley, CEO of SAIC. “Her proven track record of leadership and strategic foresight position her well to further enhance our employee engagement initiatives and lead our efforts in upskilling and developing critical skills within our workforce. I am delighted to welcome Kathleen to SAIC, where her insights and expertise will be invaluable to ensuring we continue to meet the evolving needs of our industry.”

    McCarthy joins SAIC from GE Aerospace, where she served as Chief Human Resources Officer for the Defense & Systems business. Prior to that, she was Chief Human Resources Officer for GE Aviation and earlier in her GE tenure, she served as Chief Human Resources Officer of GE Digital, leading the business to profitability and defining its vision around the Industrial Internet of Things (IIoT).

    Her career also includes executive roles at American Express as SVP and Chief Talent Officer, where she led global workforce strategy, and at Thomson Reuters where she led talent management and acquisition. McCarthy began her career at Bain & Company and McKinsey & Company, later heading HR at the tech startup eFinanceWorks.

    Recognized as a leader in her field, McCarthy is a member of World 50, G100, and The Learning Forum’s Executive Council Network. She has also served on the advisory board for CEB Talent Management, now part of Gartner for HR, and is a frequent speaker on talent development and HR best practices.

    About SAIC 
    SAIC is a premier Fortune 500® mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.  

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.4 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom. 

    Media Contact: 
    Kara Ross
    703-362-6046 kara.g.ross@saic.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c839c88d-e8ea-41cf-9351-0dea869ef8c3

    The MIL Network –

    April 10, 2025

  • MIL-OSI Security: North Carolina Man Sentenced to Serve Seven Years in Federal Prison After Police Find Methamphetamine and Cocaine Worth More Than $350,000 Disguised as Christmas Presents in Vehicle

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

    OKLAHOMA CITY – JOHN CALVIN MOORE, 58, of North Carolina, has been sentenced to serve 84 months in federal prison for possession of methamphetamine with intent to distribute and illegal possession of a firearm after a previous felony conviction, announced U.S. Attorney Robert J. Troester.

    According to public record, on December 22, 2023, Moore was pulled over by an officer with the Oklahoma City Police Department (OCPD) for speeding while driving eastbound on I-40. During the stop, the officer noticed what appeared to be several gift-wrapped Christmas presents in the trunk of the vehicle. Moore told the officer he was traveling to North Carolina from California. During the stop, OCPD learned Moore’s vehicle was a rental, and was due to be returned to Ontario, California, on December 23, 2023, the day following the stop. OCPD called in a K-9 unit, which alerted to the presence of drugs in the vehicle. OCPD officers then searched the vehicle and found more than 42 pounds of methamphetamine and more than 38 pounds of cocaine inside heat-sealed bags, hidden within the Christmas presents in the trunk. Law enforcement estimates the street value of the drugs to be more than $350,000.

    Moore was charged by Superseding Information on August 30, 2024, with possession of methamphetamine with intent to distribute and being a felon in possession of a firearm. He pled guilty to the Superseding Information on September 26, 2024, and admitted he possessed meth, which he intended to distribute, and that he possessed a firearm despite his previous felony conviction. Public record reflects that Moore has a previous felony conviction in New Jersey for possessing weapons for an unlawful purpose.

    At the sentencing hearing on March 28, 2025, U.S. District Judge Charles Goodwin sentenced Moore to serve 84 months in federal prison, followed by four years of supervised release. In announcing the sentence, the Court noted the seriousness of the crime—that Moore acted as a courier to transport controlled substances across the country—and Moore’s criminal history.

    This case is the result of an investigation by the FBI Oklahoma City Field Office, the Drug Enforcement Administration, the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Criminal Interdiction Team of Central Oklahoma, and the Oklahoma City Police Department.  Assistant U.S. Attorney Drew E. Davis prosecuted the case.

    Reference is made to public filings for additional information.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI Security: Iowa Man Sentenced for Bank Fraud

    Source: Office of United States Attorneys

    JEFFERSON CITY, Mo. – An Iowa man was sentenced today for bank fraud.

    Roger Dean Peters, 71, was sentenced by U.S. District Judge Roseann Ketchmark to twelve months and one day in federal prison.

    Peters pleaded guilty to a single count of bank fraud on May 30, 2024. In his plea agreement, he admitted that he had kited checks between accounts at Exchange Bank of Missouri and First National Bank of Hampton, Iowa, creating fictitious balances that he perpetuated by continuing to write more and more checks. When the scheme collapsed, the bank estimated the total overdraft amount to be $2,882,904.20, exclusive of unpaid fees and other expenses. During the same time, Peters also held a line of credit, and used an intermediary to make fraudulent claims on the line of credit.

    Peters’s sentence also included a two year term of supervised release, and an order of restitution.

    This case is being prosecuted by Assistant U.S. Attorney Lauren E. Kummerer. It was investigated by the Federal Bureau of Investigation.

    MIL Security OSI –

    April 10, 2025

  • MIL-OSI USA: America Can Recycle 90% of Wind Turbine Mass, According to New DOE Report

    Source: US Office of Energy Efficiency and Renewable Energy

    A new report from the U.S. Department of Energy (DOE) outlines recommendations that could increase the recycling and reuse of decommissioned wind energy equipment and materials. Among other findings, the research reveals that existing U.S. infrastructure could process 90% of the mass of decommissioned wind turbines. However, the remaining 10% will need new strategies and innovative recycling methods. This research will help guide over $20 million in funding previously announced from the Infrastructure Investment and Jobs Act to advance technologies that address this gap.
     “The U.S. already has the ability to recycle most wind turbine materials, so achieving a fully domestic wind energy industry is well within reach,” said Jeff Marootian, principal deputy assistant secretary for the Office of Energy Efficiency and Renewable Energy. “Innovation is key to closing the loop, and this research will help guide national strategies aimed at advancing technologies that can solve the remaining challenges and provide more affordable renewable energy options to the American people.”
    The Recycling Wind Energy Systems in the United States Part 1: Providing a Baseline for America’s Wind Energy Recycling Infrastructure for Wind Turbines and Systems report provides an assessment of research, development, and demonstration (RD&D) needs and gaps in existing wind energy-related supply chains to support the U.S. wind energy industry. 
    A team of researchers, led by the National Renewable Energy Laboratory with support from Oak Ridge National Laboratory and Sandia National Laboratories, developed the report. The first of a suite of reports, this part provides DOE’s Wind Energy Technologies Office (WETO) with short-, medium-, and long-term RD&D priorities along the life cycle of wind energy systems. 
    The effective reuse and recycling of wind system components, parts, and materials will rely on a combination of measures, including: 

    Improved end-of-life decommissioning collection and scrap sorting practices. 
    Strategic siting of recycling facilities. 
    Expanded and improved recovery and recycling infrastructure. 
    Substitution of hard-to-recycle and critical materials with more easily separable and affordable materials, improved component designs and manufacturing techniques, or the development of modular system components. 
    Optimized properties of recovered materials for second-life applications. 
    Greater access to wind energy waste streams and the equipment required to disassemble wind energy components. 

    Towers, foundations, and steel-based subcomponents in drivetrains offer the greatest potential currently to be successfully recycled, whereas blades, generators, and nacelle covers are likely to prove more difficult. Recovering critical materials and alloying elements from generators and power electronics, such as nickel, cobalt, and zinc, will be crucial in the reuse and recycling of wind systems. 
    Short-term strategies for decommissioning include promoting blade production using more easily recyclable thermoplastic resins and reusing these resins in cement production. Thermoplastic-based blade recycling technologies, such as pyrolysis and chemical dissolution, could be viable medium- and long-term options. Other medium- and long-term solutions include high-yield techniques for separating compounds found in power electronics and hybrid methods for recycling permanent magnets. 
    Regional factors—such as material demand, disposal fees, transportation distances, and an available skilled workforce—will play vital roles in ensuring the success and cost-competitiveness of recycling wind energy components. 

    Funding for Wind Turbine Recycling

    Research used to compile this report will be used to guide the development of the Wind Energy Recycling Research, Development, and Demonstration program funded by the Infrastructure Investment and Jobs Act. 
    DOE recently announced an investment of $20 million to improve the recycling of wind energy technologies. This effort, which focuses on wind turbine components, enabling wind turbine material recycling and reuse processes, and qualifying recycled and recyclable material, will help bolster the domestic supply chain. Applications are due on Feb. 11, 2025, at 5 p.m. ET.
    In September 2024, DOE also announced six final winners of the Wind Turbine Materials Recycling Prize. This $3.6 million competition expands domestic capabilities for the recycling and recovery of wind materials as teams use their winnings to bring their technologies closer to commercialization. 
    Research for the Recycling Wind Energy Systems in the United States Part 1: Providing a Baseline for America’s Wind Energy Recycling Infrastructure for Wind Turbines and Systems report drew from DOE’s Renewable Energy Materials Properties Database (REMPD), which catalogs the type, quantity, availability, and properties of materials worldwide needed to construct wind and solar energy technologies. Additional modeling and analysis identified technical, environmental, and economic potential and trade-offs related to recycling each of the wind energy components using a range of processes. The team also incorporated scenarios from the corresponding report on the REMPD database. 

    MIL OSI USA News –

    April 10, 2025

  • MIL-OSI: Navient to announce first quarter 2025 results, host earnings webcast April 30

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., April 09, 2025 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) will host an audio webcast to review its first quarter 2025 financial results on Wednesday, April 30, 2025, at 8:00 a.m. Eastern Time. The results are scheduled to be released the same day by 7:00 a.m. on Navient.com/investors. In addition to being available on the company’s investor website, the results will be filed with the SEC on a Form 8-K available at SEC.gov.

    The webcast and presentation slides also will be available on Navient.com/investors. Analysts and investors who wish to ask questions are requested to pre-register anytime ahead of the webcast or at least 15 minutes ahead of start time to receive their personal dial-in access details. Others who wish to join in listen-only mode do not need to pre-register and may simply visit the company’s investor website to access the webcast.

    A replay of the webcast will be available approximately two hours after the event’s conclusion.

    About Navient
    Navient (Nasdaq: NAVI) provides technology-enabled education finance solutions that simplify complex programs and help millions of people achieve success. Learn more at Navient.com.

    Contact:
    Media: Catherine Fitzgerald, 317-806-8775, catherine.fitzgerald@navient.com
    Investors: Jen Earyes, 703-984-6801, jen.earyes@navient.com

    The MIL Network –

    April 10, 2025

  • MIL-OSI Banking: Government not to set euro adoption date for now

    Source: Czech National Bank

    The government has acknowledged the joint recommendation of the Ministry of Finance and the Czech National Bank not to set a date for adopting the single European currency for the time being. The recommendation is based on the findings contained in Assessment of the Fulfilment of the Maastricht Convergence Criteria and the Degree of Economic Alignment of the Czech Republic with the Euro Area. This document has provided an objective assessment of the Czech Republic’s economic preparedness for adopting the euro since the country joined the European Union.

    The assessment covers three areas. The first assesses compliance with the nominal (Maastricht) convergence criteria, which are a necessary but not sufficient condition for joining the euro area. These criteria set fiscal and monetary reference values, compliance with which is meant to reduce the risks and costs associated with the absence of an independent monetary policy. Successful compliance with the relevant criteria should also mitigate risks to stability and prevent the emergence of imbalances in the monetary union. In 2024, the Czech Republic fulfilled the interest rate convergence criterion and the government financial position criterion. However, it did not meet the criterion on price stability, due to a low reference value and persisting elevated growth of service prices in the domestic economy. The Czech Republic is formally non-compliant with the exchange rate fluctuation criterion, as it is not part of the ERM II exchange rate mechanism.

    The second area assesses the Czech Republic’s economic preparedness for adopting the euro. A key element of these indicators is an assessment of the Czech Republic’s economic alignment with the euro area and the ability of the Czech economy to absorb any negative economic shocks through other mechanisms after losing its monetary policy independence. The Czech Republic has made no substantial progress in this area since the last assessment in 2023. There are still many obstacles on the path to the single European currency. One of them is the unfinished process of economic convergence of the Czech economy, especially as regards the price and wage levels, which remain well below the euro area average. The relatively low structural similarity between the Czech economy and the euro area could also create problems under the single monetary policy. Unresolved domestic structural issues related to the current economic model and future challenges to public finances (population ageing, infrastructure investment, etc.) pose a significant risk. Planned large-scale projects (the construction of high-speed railways and new nuclear units) will place a significant financial burden on public budgets. Addressing the current challenges of economic transformation and long-term public finance sustainability should therefore be prioritised before making a decision on joining the monetary union.

    On the other hand, the high degree of openness of the Czech economy and its close trade and ownership links with the euro area are key positive factors. Some labour market indicators, especially the low long-term unemployment rate and the banking sector’s resilience to negative shocks, are also favourable.

    The final area of assessment concerns the euro area itself. The economic heterogeneity of the euro area is high. This was further highlighted by the energy crisis and its impacts on Member States’ economies. Economic alignment of euro area countries is essential to the smooth functioning of the monetary union. The fiscal positions of most euro area countries are also a negative factor.

    The institutions and rules of the euro area have changed over recent years, and discussions on further deepening integration are still ongoing. The future potential financial and non-financial commitments relating to the Czech Republic’s euro area entry thus cannot be reliably estimated at the moment.

    Petra Vlčková
    Spokesperson
    CNB Communications Division

    Petra Vodstrčilová
    Spokesperson
    Ministry of Finance of the Czech Republic

    MIL OSI Global Banks –

    April 10, 2025
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