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Category: Finance

  • MIL-OSI Banking: Amazing Black Friday 2024 Deals at Samsung South Africa Coming November 2024

    Source: Samsung

    Sign Up Now for Black Friday Offers!
     
    Get ready for Samsung Black Friday 2024, from 01-29 November 2024, coming soon with unbeatable deals across a wide variety of Samsung favourites. Whether you’re looking to upgrade to the latest Galaxy S, Galaxy Z and Galaxy A Series mobile phone, TV, gaming monitor, fridges or washing machine.

    Pre-Black Friday Deals
    As you wait for Black Friday 2024 to commence, you can continue to enjoy exclusive Samsung deals year-round by visiting our Samsung Deals Page and make sure to sign up to hear about the latest innovative products dropping, and exclusive Black Friday 2024 deals that you’ll love. Stay tuned for incredible savings and offers on all your favourite Samsung electronics and appliances.
     
    What’s in Store for Black Friday 2024 Samsung South Africa?
    Black Friday 2024 at Samsung is set to be bigger and better than ever! Get ready to tick off everything on your Samsung wish list. Whether you’re hunting for a Samsung Galaxy S24, Galaxy Z Flip6, Galaxy Z Fold6 mobile phone deal, upgrading your home with the latest Samsung French Door Fridge, or enhancing your entertainment discover the right Samsung TV for you with our range of Gaming TVs , Smart TVs ,  Sports TVs, Soundbars and more! The Black Friday 2024 Sale at Samsung is the best time to grab amazing deals on your favourite tech products.
     
    What and When is Cyber Monday?
    Cyber Monday follows right after Black Friday on Monday, 02 December 2024. It’s the perfect online shopping event to secure those last-minute Holiday Season deals. If you missed out on Black Friday, Cyber Monday offers you a second chance to grab incredible discounts on Samsung’s innovative tech.

    Why Buy from Samsung?
    When you buy directly from Samsung, you benefit from a range of exclusive perks designed to make your shopping experience seamless and rewarding.
     
    Enjoy Free Delivery on all purchases, allowing you to receive your favourite Samsung products straight to your door without additional costs.
    Take advantage of our Trade-in and Trade-up programs, where you can trade in your old device, and we’ll even remove and recycle your old item responsibly.
    Additionally with Flexible Finance you can spread the cost of your purchase over time with flexible payment options and 0% interest and no hidden fees, making it easier to afford the premium Samsung products you love.
    Latest Black Friday Offers:
    Smartphone Offers
    TV & Soundbar Offers
    Home Appliances Offers
    Tablet & Wearable Offers
    Monitor Offers

    MIL OSI Global Banks –

    January 23, 2025
  • MIL-OSI: ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    ASML reports €7.5 billion total net sales and €2.1 billion net income in Q3 2024
    ASML expects total net sales for 2024 of around €28 billion

    VELDHOVEN, the Netherlands, October 15, 2024 – Today, ASML Holding NV (ASML) has published its 2024 third-quarter results.

    • Q3 total net sales of €7.5 billion, gross margin of 50.8%, net income of €2.1 billion
    • Quarterly net bookings in Q3 of €2.6 billion2 of which €1.4 billion is EUV
    • ASML expects Q4 2024 total net sales between €8.8 billion and €9.2 billion, and a gross margin between 49% and 50%
    • ASML expects 2024 total net sales of around €28 billion
    • ASML expects 2025 total net sales to be between €30 billion and €35 billion, with a gross margin between 51% and 53%
    (Figures in millions of euros unless otherwise indicated) Q2 2024   Q3 2024  
    Total net sales 6,243   7,467  
    …of which Installed Base Management sales1 1,482   1,541  
             
    New lithography systems sold (units) 89   106  
    Used lithography systems sold (units) 11   10  
             
    Net bookings2 5,567   2,633  
             
    Gross profit 3,212   3,793  
    Gross margin (%) 51.5   50.8  
             
    Net income 1,578   2,077  
    EPS (basic; in euros) 4.01   5.28  
             
    End-quarter cash and cash equivalents and short-term investments 5,019   4,985  

    (1) Installed Base Management sales equals our net service and field option sales
    (2) Net bookings include all system sales orders and inflation-related adjustments, for which written authorizations have been accepted.

    Numbers have been rounded for readers’ convenience. A complete summary of US GAAP Consolidated Statements of Operations is published on http://www.asml.com

    CEO statement and outlook
    “Our third-quarter total net sales came in at €7.5 billion, above our guidance, driven by more DUV and Installed Base Management1 sales. The gross margin came in at 50.8%, within guidance.

    “While there continue to be strong developments and upside potential in AI, other market segments are taking longer to recover. It now appears the recovery is more gradual than previously expected. This is expected to continue in 2025, which is leading to customer cautiousness. Regarding Logic, the competitive foundry dynamics have resulted in a slower ramp of new nodes at certain customers, leading to several fab push outs and resulting changes in litho demand timing, in particular EUV. In Memory, we see limited capacity additions, with the focus still on technology transitions supporting the HBM and DDR5 AI-related demand.

    “We expect fourth-quarter total net sales between €8.8 billion and €9.2 billion with a gross margin between 49% and 50% which includes the recognition of the first two High NA systems upon customer acceptance, reflecting progress on imaging, overlay and contrast. ASML expects R&D costs of around €1.1 billion and SG&A costs of around €300 million. We expect full-year 2024 total net sales of around €28 billion. Based on the recent market dynamics as mentioned above, we expect our 2025 total net sales to grow to a range between €30 billion and €35 billion, which is the lower half of the range that we provided at our 2022 Investor Day. We expect a gross margin between 51% and 53%, which is below the range we then provided, mainly related to the delayed timing of EUV demand,” said ASML President and Chief Executive Officer Christophe Fouquet.

       
    Update dividend and share buyback program
    An interim dividend of €1.52 per ordinary share will be made payable on November 7, 2024.

    In the third quarter, we did not purchase any shares under the current 2022-2025 share buyback program.

    Details of the share buyback program as well as transactions pursuant thereto, and details of the dividend are published on ASML’s website (www.asml.com/investors).

    Media Relations contacts Investor Relations contacts
    Monique Mols +31 6 5284 4418 Skip Miller +1 480 235 0934
    Sarah de Crescenzo +1 925 899 8985 Marcel Kemp +31 40 268 6494
    Karen Lo +886 939788635 Peter Cheang +886 3 659 6771

    Quarterly video interview and investor call
    With this press release, ASML has published a video interview in which CFO Roger Dassen discusses the 2024 third-quarter results and outlook for 2024 and 2025. This video and the transcript can be viewed on http://www.asml.com.

    An investor call for both investors and the media will be hosted by CEO Christophe Fouquet and CFO Roger Dassen on October 16, 2024 at 15:00 Central European Time / 09:00 US Eastern Time. Details can be found on our website.

    About ASML
    ASML is a leading supplier to the semiconductor industry. The company provides chipmakers with hardware, software and services to mass produce the patterns of integrated circuits (microchips). Together with its partners, ASML drives the advancement of more affordable, more powerful, more energy-efficient microchips. ASML enables groundbreaking technology to solve some of humanity’s toughest challenges, such as in healthcare, energy use and conservation, mobility and agriculture. ASML is a multinational company headquartered in Veldhoven, the Netherlands, with offices across EMEA, the US and Asia. Every day, ASML’s more than 43,700 employees (FTE) challenge the status quo and push technology to new limits. ASML is traded on Euronext Amsterdam and NASDAQ under the symbol ASML. Discover ASML – our products, technology and career opportunities – at http://www.asml.com.

    US GAAP Financial Reporting
    ASML’s primary accounting standard for quarterly earnings releases and annual reports is US GAAP, the accounting principles generally accepted in the United States of America. Quarterly Summary US GAAP consolidated statements of operations, consolidated statements of cash flows and consolidated balance sheets are available on http://www.asml.com.

    The consolidated balance sheets of ASML Holding N.V. as of September 29, 2024, the related consolidated statements of operations and consolidated statements of cash flows for the quarter and nine months ended September 29, 2024 as presented in this press release are unaudited. 

    Regulated information
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Forward Looking Statements
    This document and related discussions contain statements that are forward-looking within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, including statements with respect to plans, strategies, expected trends, including trends in the semiconductor industry and end markets and business environment trends, expected demand, bookings, backlog, expected recovery in the semiconductor industry and expected timing thereof including expected industry recovery continuing in 2025, plans to continue to build capacity, outlook and expected financial results, outlook of market segments, including expected results for Q4 2024, including net sales, IBM sales, gross margin, R&D costs, SG&A costs, outlook for full year 2024, including expected full year 2024 total net sales, gross margin and estimated annualized effective tax rate, expectations and modelling with respect to 2025 revenue and gross margin, statements made at our 2022 Investor Day, including revenue and gross margin opportunity for 2025 and 2030, statements with respect to execution of ESG sustainability strategy, our expectation to continue to return significant amounts of cash to shareholders through growing dividends and share buybacks, statements with respect to our share buyback program, including the amount of shares that may be repurchased thereunder and statements with respect to dividends, statements with respect to expected performance and capabilities of our systems and customer plans and other non-historical statements. You can generally identify these statements by the use of words like “may”, “will”, “could”, “should”, “project”, “believe”, “anticipate”, “expect”, “plan”, “estimate”, “forecast”, “potential”, “intend”, “continue”, “target”, “future”, “progress”, “goal”, “model”, “opportunity” and variations of these words or comparable words. These statements are not historical facts, but rather are based on current expectations, estimates, assumptions, plans and projections about our business and our future financial results and readers should not place undue reliance on them. Forward-looking statements do not guarantee future performance and involve a number of substantial known and unknown risks and uncertainties. These risks and uncertainties include, without limitation, customer demand, semiconductor equipment industry capacity, worldwide demand for semiconductors and semiconductor manufacturing capacity, lithography tool utilization and semiconductor inventory levels, general trends and consumer confidence in the semiconductor industry, the impact of general economic conditions, including the impact of the current macroeconomic environment on the semiconductor industry, uncertainty around a market recovery including the timing thereof, the impact of inflation, interest rates, wars and geopolitical developments, the impact of pandemics, the performance of our systems, the success of technology advances and the pace of new product development and customer acceptance of and demand for new products, our production capacity and ability to adjust capacity to meet demand, supply chain capacity, timely availability of parts and components, raw materials, critical manufacturing equipment and qualified employees, our ability to produce systems to meet demand, the number and timing of systems ordered, shipped and recognized in revenue, risks relating to fluctuations in net bookings and our ability to convert bookings into sales, the risk of order cancellation or push outs and restrictions on shipments of ordered systems under export controls, risks relating to the trade environment, import/export and national security regulations and orders and their impact on us, including the impact of changes in export regulations and the impact of such regulations on our ability to obtain necessary licenses and to sell our systems and provide services to certain customers, exchange rate fluctuations, changes in tax rates, available liquidity and free cash flow and liquidity requirements, our ability to refinance our indebtedness, available cash and distributable reserves for, and other factors impacting, dividend payments and share repurchases, the number of shares that we repurchase under our share repurchase programs, our ability to enforce patents and protect intellectual property rights and the outcome of intellectual property disputes and litigation, our ability to meet ESG goals and execute our ESG strategy, other factors that may impact ASML’s business or financial results, and other risks indicated in the risk factors included in ASML’s Annual Report on Form 20-F for the year ended December 31, 2023 and other filings with and submissions to the US Securities and Exchange Commission. These forward-looking statements are made only as of the date of this document. We undertake no obligation to update any forward-looking statements after the date of this report or to conform such statements to actual results or revised expectations, except as required by law.

    Attachments

    • Link to consolidated financial statements
    • Link to press release

    The MIL Network –

    January 23, 2025
  • MIL-OSI Security: Connecticut U.S. Attorney’s Office Celebrates Annual U.S. Attorney’s Awards

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

    The United States Attorney’s Office annual law enforcement awards ceremony was celebrated yesterday in New Haven.  The ceremony at the City of New Haven’s aldermanic chambers recognized approximately 160 individuals for their investigative work and other contributions to significant federal criminal prosecutions, civil cases, and community engagement efforts in Connecticut.  The majority of recipients are members of federal, state, and local law enforcement agencies, including 16 municipal police departments in Connecticut and Massachusetts.

    “This celebration recognizes the many valuable contributions of law enforcement professionals from police departments in cities and towns across Connecticut, those employed by state and federal agencies, and other dedicated individuals who regularly and actively join us in achieving the Office’s mission,” said U.S. Attorney Vanessa Roberts Avery.  “That singular mission is to do justice – do the right and just thing, in every circumstance.  It requires us to always stand firm in furtherance of our three primary and co-equal priorities: upholding the rule of law, safeguarding civil rights, and doing all we can to keep our residents and our communities safe.  We know that our law enforcement collaborations have been, and continue to be, essential to achieving that goal, and we thank each recipient for their invaluable commitment.  We are stronger and safer because of them.”

    In addition to criminal and civil case awards that recognized investigators of violent crime, drug trafficking, national security, child exploitation, public corruption, financial fraud, health care fraud, and other matters, U.S. Attorney Avery presented three special awards during the ceremony.

    The U.S. Attorney’s Award for Outstanding Investigator was presented to FBI New Haven Supervisory Special Agent Wendy Bowersox for her persistence and dedication that led to many federal and state prosecutions of dangerous human traffickers, and her empathy in interacting with trafficking victims, many of whom are often suspicious of law enforcement and fearful, and traumatized by the sexual, physical, and mental abuse they have suffered.  Agent Bowersox was recently promoted to the position of profiler at the FBI’s Behavioral Analysis Unit in Quantico, Virginia.

    The U.S. Attorney’s Outstanding Community Award was presented to DEA Special Agent Jonah Mazzacane and several individuals who have lost family members to overdose, who have presented to thousands of students across Connecticut about the dangers of fentanyl, other opioids, and counterfeit pills, through the U.S. Attorney’s Office’s HEAT program.

    The U.S. Attorney’s Outstanding Partnership Award was presented to members of the FBI, Connecticut State Police, State’s Attorneys, and Assistant State’s Attorneys, who participate in United Against Hate events across the state.  UAH helps raise community awareness about hate crimes, hate incidents, and discrimination, and is building bridges between law enforcement and community, ethnic, and religious groups, particularly those with members who have been reluctant to contact law enforcement for help.

    U.S. Attorney Avery also recognized members of the FBI, ATF, Bridgeport Police Department, and the U.S. Attorney’s Office, who recently won an Executive Office for United States Attorneys (EOUSA) Award for Superior Performance by a Litigative Team for their investigation and prosecution of 47 members and associates of three Bridgeport gangs who terrorized city residents from 2015 to 2022.  The investigation solved eight murders and approximately 20 attempted murders.

    The U.S. Attorney’s Office is charged with enforcing federal criminal laws in Connecticut and representing the federal government in civil litigation.  The Office is composed of approximately 68 Assistant U.S. Attorneys and 57 staff members at offices in New Haven, Bridgeport, and Hartford.

    For more information about the U.S. Attorney’s Office for the District of Connecticut, please visit http://www.justice.gov/ct.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI: Introducing the RWA Launchpad: Your All-In-One Platform for Launching Real-World Asset Tokens

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, Oct. 15, 2024 (GLOBE NEWSWIRE) — RWA Inc. is thrilled to announce the official launch of the RWA Launchpad — This all-in-one platform is set to redefine how entrepreneurs, investors, and businesses engage with tokenized markets, offering opportunities to raise funds, launch tokens, and participate in the rapidly growing world of real-world asset (RWA) markets.

    Tokenizing real-world assets creates a wide range of investment opportunities, democratizing access to traditionally illiquid markets like real estate, commodities, and private equity. Historically, asset tokenization has been a complex process, creating barriers for asset owners and investors alike. The RWA Launchpad removes these barriers by offering a secure, intuitive, and compliant solution for users to explore new investment opportunities in tokenized assets.

    The RWA Launchpad stands out with its focus on security, efficiency, and ease of use, offering unparalleled solutions for both asset owners and investors, its key features include:

    1. Flexible Investment Opportunities
      The RWA Launchpad provides various ways to participate in tokenized markets, including Initial DEX Offerings (IDOs), private sales, staking, and community-driven crowdfunding. The platform accommodates a range of investment strategies, making participation simple and accessible.
    2. Comprehensive Platform
      From token minting to liquidity and trading, the RWA Launchpad offers an end-to-end platform for managing digital assets. Allowing the user to launch startup utility tokens seamlessly, while maintaining regulatory compliance.
    3. User-Centric Approach
      Designed for all user levels, the platform’s intuitive interface, KYC/AML infrastructure, and dedicated support ensure a smooth experience for both newcomers and seasoned investors. From token creation to secondary market trading, the platform provides transparency, security, and convenience.

    At RWA Inc., our mission is clear: to revolutionize access to investment through the seamless tokenization, listing and trading of real-world assets. Web3 is transforming how assets like real estate, startup equity, and collectibles are bought, sold, and traded. By fractionalizing high-value assets, the RWA Launchpad broadens their market reach and unlocks liquidity, creating opportunities for investors who may not have had access to these markets previously.

    As one of the fastest-growing sectors in decentralized finance (DeFi), real-world asset tokenization has drawn the attention of major investment firms, including BlackRock. Market research predicts that the RWA tokenization market will surpass $16 trillion by 2030, and RWA Inc. is poised to lead this space by providing secure, scalable solutions for both asset owners and investors.

    Getting started with the RWA Launchpad is simple. Users can register via the platform’s streamlined onboarding process and immediately begin exploring tokenization opportunities or investing in Web3 projects. With access to educational resources and tools, the platform ensures users of all experience levels can confidently navigate the tokenized market.

    Getting started with the RWA Launchpad is a straightforward process. Our website contains a comprehensive guide so both new and experienced users can explore our products with confidence.

    The launch of the RWA Launchpad is just the beginning. RWA Inc. plans to introduce new features, including secondary market trading and advanced analytics, as we continue to innovate and expand the tokenization landscape. By enhancing liquidity, empowering startups, and opening access to tokenized RWAs, we aim to drive the future of investment.

    The RWA Launchpad is designed for everyone—whether you’re a seasoned investor, an entrepreneur, or someone new to the world of tokenization. Our comprehensive platform is your gateway to a world of tokenized assets and Web3 projects, ensuring anyone can participate in this rapidly growing market.

    For more information, or to sign up for the RWA Launchpad, visit our website.

    Stay connected:

    Twitter/X | Telegram Community | Medium | Website

    Contact Details:

    Kevin Yunai
    Founder and CEO
    kevin@rwa.inc 

    Disclaimer: This content is provided by “RWA”. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Images accompanying this announcement are available at
    https://www.globenewswire.com/NewsRoom/AttachmentNg/556b4388-be9d-4dfe-af35-aee594ae1806
    https://www.globenewswire.com/NewsRoom/AttachmentNg/4c87380d-7d21-4ce5-bd67-a99fac7537b1

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Ress Life Investments A/S: Ress Life Investments A/S publishes Net Asset Value (NAV)

    Source: GlobeNewswire (MIL-OSI)

    Ress Life Investments
    Nybrogade 12
    DK-1203 Copenhagen K
    Denmark
    CVR nr. 33593163
    http://www.resslifeinvestments.com

    To: Nasdaq Copenhagen
    Date: 30 September 2024

    Corporate Announcement 32/2024

    Ress Life Investments A/S publishes Net Asset Value (NAV).

    Ress Life Investments A/S publishes the Net Asset Value (NAV) per share as of 30 September 2024.

    NAV per share in USD: 2536.65
    NAV per share in EUR: 2265.68

    The performance during September is 0.82% in USD. The year-to-date net performance is 4.08% in USD.

    Assets under management (AUM) was 305.2 million USD.    

    The NAV per share in EUR, 2265.68, is calculated as the USD NAV divided by the EUR/USD exchange rate as of 30 September 2024 which was 1.1196.

    To calculate the present EUR NAV, divide the most recent USD NAV with the current EUR/USD exchange rate.

    Questions related to this announcement can be made to the company’s AIF-manager, Resscapital AB.

    Contact person:
    Gustaf Hagerud
    gustaf.hagerud@resscapital.com
    Tel + 46 8 545 282 27

    Note: The terms for subscription of shares, minimum subscription amount and redemption of shares are provided in the Articles of Association, Information Brochure and in the Key Information Document available on the Company’s website, http://www.resslifeinvestments.com.

    Attachment

    • Ress Life Investments AS – Company Announcement 32-2024

    The MIL Network –

    January 23, 2025
  • MIL-OSI Canada: Appointments to the Judicial Compensation and Benefits Commission

    Source: Government of Canada News (2)

    The Honourable Arif Virani, Minister of Justice and Attorney General of Canada, today announced the appointments of Graham Flack, Douglas Hodson, and Anne Giardini, to the Judicial Compensation and Benefits Commission.

    October 15, 2024 – Ottawa – Department of Justice Canada

    The Honourable Arif Virani, Minister of Justice and Attorney General of Canada, today announced the appointments of Graham Flack, Douglas Hodson, and Anne Giardini, to the Judicial Compensation and Benefits Commission.

    The Judicial Compensation and Benefits Commission, also known as the Quadrennial Commission, is established under the Judges Act (the Act) to examine the adequacy of the salaries and benefits of the federally appointed judiciary. Additional information on the Judicial Compensation and Benefits Commission is available at quadcom.gc.ca.

    Biographies

    Graham Flack of Ottawa is appointed as the member nominated by the Minister of Justice and Attorney General of Canada. Mr. Flack received degrees in political science and economics from Dalhousie and Oxford University where he was a Rhodes Scholar. He is a former law clerk of the Supreme Court of Canada and graduated with an LL.B. from Dalhousie University and an LL.M. from Harvard University. Mr. Flack began his career in the Privy Council Office and worked on the Quebec referendum campaign, the Quebec Secession Reference and Clarity Act. Following 9/11 he became Director of Operations and led work on the Canada-US Smart Borders Declaration, as well as Canada’s first National Security Policy. He held senior executive roles at Natural Resources Canada and the Department of Finance where he was Assistant Deputy Minister, International Trade and Finance and worked on the G7 and G20 response to the worst economic crisis since the Great Depression. From 2010-2013, he was Associate Deputy Minister then-Acting Deputy Minister at Public Safety Canada. From 2013-14, he was Deputy Secretary to the Cabinet at the Privy Council Office. From 2014-18, he was Deputy Minister of Canadian Heritage. From 2018-2022, he was Deputy Minister of Employment and Social Development Canada. From 2022-2024, he was Secretary of the Treasury Board. Mr. Flack is the founding chair of the Deputy Minister Committee on Innovation and Deputy Minister Champion for the Federal Youth Network and for Dalhousie University.

    Douglas Hodson, K.C., of Saskatoon is appointed as the member nominated by the judiciary. Mr. Hodson attended the University of Saskatchewan and earned a B.Comm. (with honours) in 1981 and a LL.B. (with distinction) in 1984. He was admitted to the Saskatchewan bar in 1985. Mr. Hodson is a partner at MLT Aikins LLP in Saskatoon since 1984. He focuses on commercial litigation and has significant experience in complex arbitrations, transportation law, and shareholder disputes. He has argued significant cases before all levels of court in Saskatchewan, British Columbia, Alberta, Manitoba and Ontario and before the Federal Courts and the Supreme Court of Canada. He was appointed King’s Counsel in 2007. Mr. Hodson is a fellow of the American College of Trial Lawyers and a fellow of the Litigation Counsel of America. He is one of the most distinguished community leaders in Saskatoon. His volunteer portfolio is diverse and extensive, and includes active involvement with a number of professional, business and social organizations. His significant contributions to his profession and community have been recognized on numerous occasions.

    Anne Giardini, K.C., of Toronto is appointed Chair following her nomination by the other two members of the Judicial Compensation and Benefits Commission. Ms. Giardini is a Canadian business executive, journalist, lawyer, and writer. She earned a B.A. from Simon Fraser University and a LL.B. from the University of British Columbia. She also holds an LL.M. from Cambridge University. She was admitted to practise in Ontario, British Columbia, and Washington State. From 1985 to 2020, Ms. Giardini clerked at the Court of Appeal for British Columbia, articled at Bull Housser & Tupper (now Norton Rose), practised at Mawhinney & Kellough (now Dentons) in Vancouver, before moving to Italy to work for a US law firm. In 1994, she joined Weyerhaeuser Company Limited, Canadian subsidiary of Weyerhaeuser Company, an international forest products company with a head office in Washington. She was Canadian vice-president and general counsel from 2006 to 2008 and president from 2008 to 2015. Since 2015, she is a sole corporate director. She was appointed King’s Counsel in 2009. Ms. Giardini is an active volunteer and has served as Chair of the Greater Vancouver Board of Trade, Vancouver International Writers Festival, UniverCity at SFU, and Simon Fraser University as deputy chair. She is also a supporter of Plan Canada and volunteer for Vancouver YWCA’s Women of Distinction Awards and Young Women in Business. She served as the 11th chancellor of Simon Fraser University from 2014 to 2020. She has been on the boards of Hydro One, mining companies, the Sustainable Forestry Initiative Inc. and other companies. Ms. Giardini was awarded a Queen Elizabeth II Diamond Jubilee Medal in January 2013 for her fundraising efforts for Plan Canada’s Because I’m a Girl campaign. She was appointed an Officer of the Order of Canada in 2016 and was appointed an Officer of British Columbia in 2018.

    Chantalle Aubertin
    Deputy Director, Communications
    Office of the Minister of Justice and Attorney General
    613-992-6568
    Chantalle.Aubertin@justice.gc.ca

    MIL OSI Canada News –

    January 23, 2025
  • MIL-OSI Security: Former Health Care Manager Sentenced to Prison for Embezzlement Scheme

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

    MACON, Ga. – The former office manager of a Middle Georgia chiropractic office was sentenced to serve more than five years in prison after a federal jury found her guilty of committing bank fraud and other federal crimes in an embezzlement scheme that cost an established spinal center more than $200,000 in losses and resulted in its closure.

    Emiliya Radford, 33, of Warner Robins, Georgia, was sentenced to serve 66 months in prison to be followed by three years of supervised release by U.S. District Judge Marc Treadwell on Oct. 9. In addition, Radford will pay $298,042.72 in restitution to Dr. James C. Smith on behalf of Smith Spinal Care Center. Radford was found guilty of one count each of bank fraud, wire fraud and federal program theft following approximately one hour of deliberations by a federal jury on June 27. There is no parole in the federal system.

    “Financial crime can be life-changing for its victims; here, it forced a business’s closure and burdened innocent people with debt and other troubles,” said U.S. Attorney Peter D. Leary. “FBI and our other federal, state and local law enforcement partners will work to protect small businesses from financial crimes and hold fraudsters accountable.”

    “Radford violated the trust of the company that hired her and elevated her to a position of leadership,” said Robert Gibbs, Senior Supervisory Senior Resident Agent of FBI Atlanta’s Macon office. “Because of her selfishness and greed, she has not only thrown away her career, but crippled a business and took away jobs from numerous victims. She will now serve a well-deserved prison sentence.”

    According to court documents and evidence submitted at trial, Radford’s company, Cyber Pinecone, was hired in Sept. 2019 under a one-year contract to perform marketing work for Smith Spinal Care Center (SSCC) in Warner Robins. In May 2020, Radford was hired as Office Manager at the business, and her new salary included marketing work. Radford was given signatory authority over the SSCC bank account and was responsible for issuing and signing all biweekly payroll checks, including her own.

    Radford collected her salary as office manager and, without authorization of SSCC, continued to write and endorse checks to her business, Cyber Pinecone, for extensive marketing work totaling more than $200,000. In addition, she gave herself an unauthorized pay raise and used money from the SSCC bank account to purchase $11,015.67 worth of items from the Apple store that she shipped to her residence. When Radford quit on Dec. 19, 2022, none of the Apple items could be located at SSCC, but some were found inside her home when federal agents executed a search warrant on May 4, 2023. A portion of the embezzled funds came from COVID-19 Federal Economic Disaster Loans (EIDL) directed to aid the business.

    The case was investigated by FBI.

    Assistant U.S. Attorney Elizabeth Howard prosecuted the case for the Government.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Security: South Carolina Man Pleads Guilty to Felony Civil Disorder During January 6 Capitol Breach

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

             WASHINGTON – A South Carolina man pleaded guilty on Oct. 10, 2024 to a felony charge stemming from his conduct during the Jan. 6, 2021, breach of the U.S. Capitol. His actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

             William Robert Norwood III, 41, of Greer, South Carolina, pleaded guilty to a felony offense of obstruction of law enforcement during a civil disorder before U.S. District Judge Carl J. Nichols. Judge Nichols will sentence Norwood on Feb. 21, 2025.

             According to court documents, Norwood drove from South Carolina to Washington D.C. to attend then-President Trump’s speech on Jan. 6, 2021, near the Ellipse. After the rally, Norwood walked to the U.S. Capitol building and entered its restricted perimeter. Norwood ascended the partially covered stairs on the northwest side of the Capitol and ultimately entered the building through the northwest Senate Wing door at approximately 2:23 p.m.

             Once inside, Norwood briefly entered an office across the hall from the Old Supreme Court Chamber. Norwood recorded a video of himself entering this office. In this video, Norwood can be heard saying, “Well we in this b— now. What now? This is our house,” upon entering the office, and “Where you at Nancy?” upon leaving the office.

             After leaving the office, Norwood made his way through the Crypt and ultimately toward the Rotunda. There, Norwood was part of a crowd of rioters making their way through Speaker Nancy Pelosi’s office suite. As Norwood walked through the Speaker’s wing, he took a paper coaster with the words “U.S. Congress” and the Congressional seal printed on it, which another rioter had thrown to him from a desk outside of Speaker Pelosi’s offices.

             Norwood then walked to the balcony outside the Speaker’s chamber and recorded two videos of the crowd gathered outside on the west front of the Capitol building. In one of these videos, Norwood can be heard shouting, “It’s our house b—.” In the second, Norwood can be heard shouting, “The [inaudible] house! Go home police! Bye, you b—.”

             After leaving the balcony, Norwood entered one of Speaker Pelosi’s offices for approximately 25 seconds. He then walked back through the Speaker’s wing.

             After leaving the Speaker’s wing, Norwood walked back through the Rotunda and to the East Rotunda doors, which were being guarded from the inside by at least three U.S. Capitol Police officers. Norwood went to the front of the line of rioters that had gathered there and began banging on the doors in an attempt to open them.

             Norwood yelled at officers to open the doors, but the officers repeatedly told Norwood and the others that the doors would not be opened.  Norwood knew that the officers were attempting to keep the doors closed, yet he continued to push on the doors with his arms. At approximately 2:38 p.m., Norwood and the rioters behind him eventually pushed open the doors, which allowed hundreds of rioters to enter the Capitol building from the outside.

             After participating in the breach of the doors, Norwood continued wandering around the Capitol building and recorded a one-minute video inside the Rotunda that showed a line of Metropolitan Police Department officers. During the video, Norwood can be heard saying, “Oh these a—, trying to push us out. . . . Should we take our house back? Our house. Y’all are a bunch of p—. It’s about to go down bro.” Norwood then turns the camera on himself and says, “It’s about to go down. Cause I’m gonna go [unintelligible] guns or their asps and attack these m—f— later. No f— around, no no.”

             Norwood eventually left the Capitol through the East Rotunda door at approximately 2:59 p.m.  After exiting the building, Norwood took a U.S. Capitol Police helmet and plate carrier from a bin outside the building.

             The FBI arrested Norwood on Feb. 25, 2021, in South Carolina.

             The U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section prosecuted this case. The U.S. Attorney’s Office for the District of South Carolina provided valuable assistance.

             This case was investigated by the FBI’s Columbia and Washington Field Offices. Valuable assistance was provided by the U.S. Capitol Police and the Metropolitan Police Department.

             In the 45 months since Jan. 6, 2021, more than 1,532 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 571 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

             Anyone with tips can call 1-800-CALL-FBI (800-225-5324) or visit tips.fbi.gov.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Economics: Swaminathan J: Central banks and financial stability

    Source: Bank for International Settlements

    Distinguished panellists – Prof. Randall S. Kroszner, Professor, University of Chicago and Former Governor, Federal Reserve Board; Ms. Emmanuelle Assouan, Director General, Financial Stability and Operations, Banque de France; Ms. Sarah Breeden, Deputy Governor for Financial Stability, Bank of England; Dr. Sajjid Chinoy, Managing Director and Chief Economist India, JP Morgan; esteemed delegates and colleagues from the Reserve Bank. A very good afternoon to all of you.

    It is an honour to open this discussion on this very important and pertinent topic in today’s financial world – “Central Banks and Financial Stability: Assessing Risks and Building Resilience.”

    The financial sector is the backbone of the economy, enabling efficient allocation of resources, managing risks through various instruments, and ensuring smooth payments and settlements. It performs crucial functions that support investments and drives economic growth. Therefore, the financial sector becomes the cornerstone of a well-functioning economy.

    The financial sector is vulnerable to risks-especially systemic ones that, which if left unchecked, can have far-reaching consequences. As you are aware these systemic risks manifest across two dimensions: time and interconnectedness. On the one hand, financial risks can build up over time, especially in periods of economic euphoria. On the other, the growing interconnections between financial institutions, markets, and the broader economy make the system more open to shocks.

    In today’s world, challenges are more complex and unpredictable than ever. Traditional risks, like credit and liquidity risks, now have new and faster drivers. For example, bank runs that once unfolded over days, giving regulators time to respond, can now occur within hours due to the speed of internet and mobile banking. The increasing reliance on technology also introduces vulnerabilities, such as dependence on third-party service providers and heightened cybersecurity threats, all while customers expect uninterrupted services. Additionally, we face emerging risks, such as climate risk.

    In this increasingly volatile environment, building resilience is crucial to maintaining financial stability. However, resilience is a balancing act-too much emphasis on safeguarding can stifle innovation and growth, while too little can expose the system to significant vulnerabilities. Finding that right balance so that we can have a robust financial system that can weather crises without constraining economic progress is one of the key challenges that we face today.

    Indeed, central banks are much like wicketkeepers in cricket or goalkeepers in football-often unnoticed in success but always in the spotlight during failure. When everything works seamlessly, their efforts remain behind the scenes, often taken for granted. However, when a crisis occurs, they are asked as to how they could allow the ball to slip through their fingers! In addition, Central Bankers are also tasked with preventing further damage and restoring stability quickly.

    Let me offer an analogy: imagine a person teetering on the edge of a cliff, seemingly about to fall, only to be pulled back just in time by a watchful observer. When central banks intervene in such a manner to prevent a potential crisis, those they protect may claim they didn’t need saving at all. This highlights a common paradox-while regulators work tirelessly to maintain stability and avert disasters, their successes often go unnoticed, and their actions are sometimes viewed as unnecessary, intrusive or excessive by those unaware of the risks. Yet it is precisely this proactive oversight that ensures the safety and soundness of the financial system, allowing it to function smoothly even in times of uncertainty.

    Over the years, the role of central banks has significantly evolved. Initially seen as the lender of last resort, today, central banks are equipped with a broad range of tools-regulatory, supervisory, and monetary-to ensure the stability of the financial system. In some countries, central banks do not have supervisory roles, with the supervision being carried out by a separate agency, but a coordinated approach is essential. Governments, central banks, financial regulators, and the industry must all work together to ensure appropriate and timely action is taken to safeguard financial stability.

    In India, the Financial Stability and Development Council (FSDC), chaired by the Union Finance Minister, along with its sub-committee led by the Governor of the Reserve Bank, has been effectively facilitating discussions and enhanced understanding of risks across the financial sector. Biannually, Reserve Bank publishes Financial Stability Reports that deliver a thorough risk assessment of India’s financial landscape. These reports utilise macro stress tests, sensitivity analyses, network and contagion assessments, and systemic risk surveys to provide valuable insights into potential vulnerabilities that affect the financial sector. Apart from inter-regulatory coordination, RBI also actively engages with the industry through regular engagements/ interactions including conferences with the Boards of supervised entities, periodic meetings with the MDs & CEOs, Heads of Assurance functions as well as interactions with auditors.

    Having discussed the importance of domestic coordination, I would also like to emphasise the significance of global supervisory cooperation. Historically, crises have acted as catalysts for bringing supervisors together to address shared challenges. For instance, the Basel Committee on Banking Supervision was formed in the aftermath of the Herstatt Bank failure, highlighting the necessity for a coordinated response to systemic risks. However, we should not wait for crises to play out before strengthening international collaboration. Greater engagement for proactive horizon scanning of potential risks and vulnerabilities, along with discussions on strategies to mitigate and address these challenges, can enhance our collective resilience and crisis preparedness.

    Indeed, as a part of our agenda for the next decade, RBI@100, the Reserve Bank intends to engage more with the central banks of the global south. The Reserve Bank also aims to establish a global model of risk-focused supervision by fostering a strong risk discovery and compliance culture, building a “through-the-cycle” risk assessment framework. Reserve Bank is working to create a comprehensive data analytics ecosystem to support its supervisory functions.

    With these thoughts in mind, I look forward to a rich and insightful panel discussion on how central banks can continue to enhance financial stability and build a resilient global financial system. Thank you!

    MIL OSI Economics –

    January 23, 2025
  • MIL-OSI Security: Montana Man Sentenced to Prison on Felony and Misdemeanor Charges for Actions During January 6 Capitol Breach

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

               WASHINGTON— A Montana man was sentenced to prison on Oct. 10, 2024, after he was previously convicted of felony and misdemeanor charges related to his conduct during the Jan. 6, 2021, breach of the U.S. Capitol. His actions and the actions of others disrupted a joint session of the U.S. Congress convened to ascertain and count the electoral votes related to the 2020 presidential election.

               Henry Phillip “Hank” Muntzer, 55, of Dillon, Montana, was sentenced to 24 months in prison, 12 months of supervised release, and ordered to pay $2,000 in restitution by U.S. District Judge Jia M. Cobb.

               Muntzer was convicted of obstruction of an official proceeding and civil disorder, both felonies, following a bench trial before U.S. District Judge Jia M. Cobb. In addition to the felonies, Judge Cobb also found Muntzer guilty of four misdemeanor offenses, including entering and remaining in a restricted building or grounds, disorderly and disruptive conduct in a restricted building or grounds, disorderly conduct in a Capitol building, and parading, demonstrating, or picketing in a Capitol building.

               Following the Supreme Court’s decision in Fischer v. United States, the government voluntarily moved pre-sentencing to dismiss Muntzer’s conviction on obstruction of an official proceeding. Judge Cobb sentenced Muntzer on one felony count of civil disorder and the four misdemeanors.

               According to evidence presented during the trial, Muntzer traveled from Montana to Washington, D.C., to attend the “Stop the Steal” rally at the Ellipse on Jan. 6, 2021, with a group of friends in order to hear the former President’s speech. After the speech, Muntzer joined the crowd as they walked from the Ellipse to the restricted Capitol grounds. Muntzer entered into the restricted perimeter around the Capitol and made his way to the West Plaza. After other rioters had breached the scaffolding erected at the West Plaza’s north side, Muntzer joined the mob in surging up the northwest stairs before reaching the Upper West Terrace at approximately 2:35 p.m.

               After reaching the Capitol’s Upper West Terrace, Muntzer recorded multiple videos in which he commented that he had passed “through all the tear gas” to “tak[e] the Capitol by storm.” From there, Muntzer entered the Capitol building via the Upper West Terrace Door at approximately 2:44 p.m.

               Muntzer then proceeded through the Rotunda and toward the Senate Chamber. While in a hallway just outside the Old Senate Chamber, Muntzer joined other rioters in collectively pushing against law enforcement officers blocking the path to the Senate. Muntzer then entered the Rotunda by approximately 2:55 p.m. There, Muntzer joined other rioters in confronting a group of police officers blocking a doorway leading to the Capitol’s Upper West Terrace. Muntzer positioned himself at the front of this crowd and joined in a collective effort to push back the officers, who had their backs to a set of stairs. The group’s collective pushes ultimately caused at least one police officer to fall down the stairs.

               By approximately 3:03 p.m., police had begun attempting to clear the Rotunda of rioters and had established a line across the middle and instructed rioters to exit through the East Rotunda Door. However, the crowd of rioters, including Muntzer, resisted. Muntzer continued to resist police efforts to clear the Rotunda and was one of the very last rioters present in the area. Muntzer exited the Capitol building via the Rotunda Doors at approximately 3:22 p.m.

               Muntzer was arrested by the FBI on Jan. 18, 2021.

               The case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section. Valuable assistance was provided by the U.S. Attorney’s Office for the District of Montana.

               The case was investigated by the FBI’s Salt Lake City Field Office, Helena Resident Agency, and Washington Field Office. Valuable assistance was provided by the United States Capitol Police and the Metropolitan Police Department.

               In the 45 months since Jan. 6, 2021, more than 1,532 individuals have been charged in nearly all 50 states for crimes related to the breach of the U.S. Capitol, including more than 571 individuals charged with assaulting or impeding law enforcement, a felony. The investigation remains ongoing.

               Anyone with tips can call 1-800-CALL-FBI (800-225-5324) or visit tips.fbi.gov.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI USA: AG Ferguson DNA collection project adds 3,000 DNA profiles of serious criminal offenders to national database

    Source: Washington State News

    Work is part of Ferguson’s Survivor Justice Unit

    SEATTLE — Attorney General Bob Ferguson announced today that his lawfully owed DNA project has helped law enforcement collect and log 3,000 DNA profiles of serious criminal offenders to the national database. State law requires many offenders to provide DNA samples as a condition of their conviction, but over the years thousands of serious violent and sexual offenders have neglected to do so.

    Ferguson’s lawfully owed DNA project has helped close the gap in DNA collection since it launched in October 2019. The samples collected and added to the national DNA database over the past five years are critical to identifying perpetrators of unsolved rapes, murders and other violent crimes — here in Washington and across the country.

    Of the new profiles added, 105 of the samples led to a “hit,” or a match between the DNA provided and the evidence already on file with the national Combined DNA Index System (CODIS). These hits in the national DNA database can help identify serial rapists, link cases across the country, shed new light on cold cases and provide answers to crime victims and their families. DNA evidence can also exonerate individuals who were wrongfully convicted.

    “We must ensure that every serious offender who legally owes a DNA sample provides one,” Ferguson said. “Closing the gap in DNA collection, with the help of local law enforcement, has resulted in more evidence that will help us solve more crimes and improve public safety. This work makes Washington safer.”

    The Attorney General’s Office estimates thousands of violent offenders are living in Washington with an obligation to provide their DNA. This estimate is based on initial data from the Department of Corrections, followed by an extensive verification process designed to identify and locate offenders who still owe a sample. Ferguson’s lawfully owed DNA project aims to stop these offenders from slipping through the system.

    Ferguson’s office started by collecting samples from currently registered sex offenders and offenders under the supervision of the state Department of Corrections, including those who are incarcerated and in community custody. Then, the office collected DNA from offenders convicted of sex, kidnapping and homicide offenses.

    Now, the Attorney General’s Office is working to collect samples from offenders convicted of a variety of violent and felony offenses, including assault and robbery.

    Washington law requires certain offenders to submit DNA samples

    Every state requires that individuals convicted of certain crimes — including violent crimes and sex offenses, among others — must have a DNA sample taken to be submitted to CODIS. Jails, correctional facilities and local law enforcement agencies are responsible for collecting the samples and submitting them to the Washington State Patrol Crim Lab, which enters them into CODIS.

    In July 2023, a new law took effect to improve the process for timely collection of DNA from offenders who owed samples. Before that, no uniform process existed. House Bill 1028 directs courts to create time-sensitive protocols for collecting DNA upon sentencing. It originated from a recommendation from the Attorney General’s Office Sexual Assault Forensic Examination (SAFE) Advisory Group.

    Specifically, courts must implement a sample collection system that includes scheduling a compliance hearing within 10 days if DNA is not collected at the time of sentencing. The new law does not address thousands of samples that were previously ordered and are still owed.

    Attorney General’s Office multistep process for collecting DNA

    The Attorney General’s Office uses a lengthy, multistep investigative process to locate offenders who still owe DNA.

    First, investigators with the office’s Survivor Justice Unit (SJU) — formerly Sexual Assault Kit Initiative — use data from the Department of Corrections and Washington State Patrol to identify offenders who owe DNA. Attorney General investigators confirm which offenders already have a DNA profile in CODIS and analyze offenders’ conviction histories to confirm that they still owe DNA.

    Then, investigators use numerous databases to confirm that the offender is still located in the state and find the last known contact information. Investigators then send letters to offenders asking them to report to local law enforcement to provide a sample, informing them that refusing a legal request to provide a DNA sample is a violation of state law. Attorney General staff conduct direct outreach and work with local law enforcement to contact individuals who do not respond to the letters.

    Ferguson’s Survivor Justice Unit

    Ferguson’s lawfully owed DNA project is part of his new Survivor Justice Unit. In addition to this project, the unit:

    • Assists local law enforcement to investigate sexually motivated homicides. The SJU is currently assisting with two cold sexually motivated homicides: one in King County and one in Port Orchard.
       
    • Helps solve cold cases by assisting with genetic forensic genealogy and other advanced DNA testing. A response that is commonly received from such agencies is that they do not have the resources and or personnel available to delve into cold cases to determine whether such testing would be appropriate. For example, in August, AGO-funded forensic genetic genealogy testing helped Kent police narrow the list of suspects and make an arrest in the 44-year-old murder of Dorothy “Dottie” Silzel. Kenneth Duane Kundert, 65, was arrested in Arkansas on Aug. 20 after DNA on a cigarette butt Kundert discarded matched the profile of the suspect in the crime.
       
    • Stands up for survivors by following up on cold cases from backlogged sexual assault kits. The SJU uses available data to track sexual assault cases and identify serial sex offenders.

    The SJU has helped solve dozens of cold case sexual assaults and homicides.

    Ferguson requests $534,000 for the upcoming biennium to support the ongoing work of this new unit.

    -30-

    Washington’s Attorney General serves the people and the state of Washington. As the state’s largest law firm, the Attorney General’s Office provides legal representation to every state agency, board, and commission in Washington. Additionally, the Office serves the people directly by enforcing consumer protection, civil rights, and environmental protection laws. The Office also prosecutes elder abuse, Medicaid fraud, and handles sexually violent predator cases in 38 of Washington’s 39 counties. Visit http://www.atg.wa.gov to learn more.

    Media Contact:

    Brionna Aho, Communications Director, (360) 753-2727; Brionna.aho@atg.wa.gov

    General contacts: Click here

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI: Prospect Capital Corporation Closes $764 Million of New Investments in Fiscal Year June 2024

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Prospect Capital Corporation (NASDAQ: PSEC) (“Prospect”) closed $764 million of new investments during its fiscal year ended June 30, 2024, investing in 38 new and existing portfolio companies.

    91% of PSEC’s originations during fiscal year 2024 were first lien, senior secured loans.

    Selected investments in both new and existing portfolio companies during fiscal year 2024 include:

    • $56 million of first lien loans to refinance the debt of a provider of clinical trial services. The company is a clinical development services provider that operates and conducts clinical trials for pharmaceutical and biotechnology customers.
    • $60 million of primarily first lien loans to finance an acquisition of a provider of business process outsourcing solutions. The company provides customer experience services and business process outsourcing services, which includes customer call centers, online chat, text message, and general ‘contact center as a service’.
    • $26 million of primarily first lien loans to finance an acquisition of a healthcare services provider. The company is a detox and rehabilitation provider that offers residential inpatient treatment, partial hospital programs, and intensive outpatient care in multiple restore facilities.
    • $30 million of a first lien loan to finance a shareholder distribution for a direct-to-consumer marketing company. The company is a direct marketer and distributor of modern-era government-issued gold and silver coins.
    • $37 million of primarily first lien loans to finance an add-on acquisition and shareholder distribution for a logistics service provider. The company provides turnkey inventory management and transportation services.
    • $13 million of a first lien loan to finance an add-on acquisition by a furniture provider. The company provides furniture and furnishings to residential and commercial end markets, including churches, hospitality, offices, restaurants, and schools.
    • $10 million of first lien loans for a healthcare services provider in a secondary transaction. The company is a home-based infusion pharmacy services provider serving patients with chronic conditions.
    • $20 million of first lien loans to finance a shareholder distribution of a branded jeweler designer. The company is a designer and retailer of distinctive handcrafted gold-plated women’s jewelry decorated with semi-precious stones, including necklaces, bracelets, rings, and earrings.

    In addition, as of October 14, 2024, Prospect is processing an investment pipeline of more than $350 million, which includes transactions where due diligence and analysis are still in process.

    The investment pipeline includes transactions for which a formal mandate, letter of intent, or signed commitment may or may not have been issued. The consummation of any of the investments in this pipeline depends upon, among other things, one or more of the following: satisfactory completion of Prospect’s due diligence investigation of the prospective portfolio company, Prospect’s acceptance of the terms and structure of such investment, and the execution and delivery of transaction documentation satisfactory to Prospect. In addition, Prospect may sell all or a portion of these investments and certain of these investments may result in the repayment of existing investments. Prospect cannot assure you that it will make any of these investments or that Prospect will sell all or any portion of these investments.

    About Prospect Capital Corporation

    Prospect is a business development company that focuses on lending to and investing in private businesses. Prospect’s investment objective is to generate both current income and long-term capital appreciation through debt and equity investments.

    Prospect has elected to be treated as a business development company under the Investment Company Act of 1940 (“1940 Act”). Prospect is required to comply with a series of regulatory requirements under the 1940 Act as well as applicable NASDAQ, federal and state rules and regulations. We have elected to be treated as a regulated investment company under the Internal Revenue Code of 1986.

    Caution Concerning Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, whose safe harbor for forward-looking statements does not apply to business development companies. Any such statements, other than statements of historical fact, are highly likely to be affected by other unknowable future events and conditions, including elements of the future that are or are not under our control, and that we may or may not have considered; accordingly, such statements cannot be guarantees or assurances of any aspect of future performance. Actual developments and results are highly likely to vary materially from any forward-looking statements. Such statements speak only as of the time when made, and we undertake no obligation to update any such statement now or in the future.

    For further information, contact:

    Grier Eliasek, President and Chief Operating Officer

    grier@prospectcap.com

    Telephone (212) 448-0702

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Sheaff Brock is #7 on the CNBC Financial Advisor 100 List

    Source: GlobeNewswire (MIL-OSI)

    INDIANAPOLIS, Oct. 15, 2024 (GLOBE NEWSWIRE) — Ranking at #7 in the 2024 CNBC FA 100 list, Sheaff Brock announced its 5th consecutive year in being selected as one of CNBC’s top 100 advisory firms from across the United States that help clients successfully navigate their financial lives.

    Sheaff Brock ranks #7 on the 2024 CNBC FA 100 list,
    its 5th consecutive year of placing as one of CNBC’s top 100
    registered investment advisory firms in the U.S.

    Sheaff Brock Managing Directors and co-founders Dave Gilreath and Ron Brock shared their excitement with the 2024 results. “To be ranked 7th in the U.S. is an incredible achievement. We’re honored to be on this list for our straight fifth year, and even more proud of this year’s ranking,” said Brock.

    Gilreath added, “I believe being listed at #7 is a testament to the strength of our team here at Sheaff Brock. It shows the dedication of our certified financial planners, portfolio consultants, administrative coordinators—and our entire team—to supporting our clients and helping them achieve their long-term financial goals.”

    To develop the 2024 list, CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for the 2024 CNBC FA 100 list. Analyzing data from 40,896 RIAs, AccuPoint screened multiple aspects such as years in business, total accounts, total assets under management, number of certified financial planners, number of employees, and the firm’s compliance record to trim the list down to 903 RIAs. From there, CNBC and AccuPoint distilled the list into the final 100 advisory firms based on additional data provided by each firm via email survey.

    In 2020, the first year Sheaff Brock made the list, the company ranked #95; in 2021, Sheaff Brock ranked #82; in 2022, #68; and the firm came in at #10 in last year’s list in 2023.

    About Sheaff Brock:
    Sheaff Brock is an SEC-registered, fee-only independent investment firm striving to enhance portfolios of growth- and income-oriented investors, managing $1.3 billion in assets nationwide as of 06/30/2024. Managing Director David Gilreath contributes investment commentary to CNBC.com, ThinkAdvisor, Medical Economics, and Financial Advisor magazine. Visit sheaffbrock.com for more information.

    Disclosure: 
    Sheaff Brock Investment Advisors, LLC (“SBIA”) is an SEC-registered investment advisor founded in 2001. Clients or prospective clients are directed to SBIA’s Form ADV Part 2A prior to deciding to participate in any portfolio or making any investment decision. The views and opinions in the preceding commentary are subject to change without notice and are as of the date of the report. There is no guarantee that any market forecast set forth in the commentary will be realized. This material represents an assessment of the market environment at a specific point in time, should not be relied upon as investment advice, and is not intended to predict or depict performance of any investment.

    About CNBC Financial Advisor 100
    The 2024 CNBC Financial Advisor 100 (ranked 7th 10/2/24), 2023 CNBC Financial Advisor 100 (ranked 10th, 9/12/23), 2022 CNBC Financial Advisor 100 (ranked 68th, 10/4/22), 2021 CNBC Financial Advisor 100 (ranked 82nd, 10/6/21) & the 2020 CNBC Financial Advisor 100 (ranked 95th, 10/6/20) list is an independent ranking. CNBC enlisted data provider AccuPoint Solutions to assist with the ranking of registered investment advisors for the CNBC FA 100 list. The analysis started with 40,896 RIA firms for 2024, 40,646, RIA firms for 2023, 39,818 RIA firms for 2022, 38,302 for 2021 and 37,369 for 2020 from the Securities and Exchange Commission regulatory database. AccuPoint screened the list down to 903 RIAs for 2024, 812 RIAs for 2023, 904 RIAs for 2022, 749 for 2021, and 750 for 2020 who were required to complete a survey to be in consideration for the CNBC FA 100 list. Sheaff Brock does not pay for applying for the award; however, Sheaff Brock does pay for use of the CNBC Financial Advisor 100 logo.

    Data points used by AccuPoint for the ranking included regulatory/compliance record, number of years in the business, number of certified financial planners, number of employees, number of investment advisors registered with the firm, ratio of investment advisors to total number of employees, total assets under management, percentage of discretionary assets under management, total accounts under management, number of states where the RIA is registered and country of domicile.

    Third-party rankings and recognition from rating services or publications, such as the CNBC FA 100, is no guarantee of future investment success and working with a highly rated advisor does not ensure that a client or prospective client will experience a higher level of performance or results. The ranking may not reflect a client or prospective client’s experience with the registered investment advisor. Past performance does not guarantee or indicate future results.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7c16cee-9ec4-4c47-b365-939d99e7291c

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Baltic Horizon Fund publishes its NAV for September 2024

    Source: GlobeNewswire (MIL-OSI)

    The net asset value (NAV) per unit of the Baltic Horizon Fund (the Fund) amounted to EUR 0.7099 at the end of September 2024 (0.8011 as of 31 August 2024). The month-end total net asset value of the Fund was EUR 101.9 million (EUR 95.8 million as of 31 August 2024). The EPRA NRV as of 30 September 2024 stood at EUR 0.7510 per unit.

    In September 2024, the Baltic Horizon Fund successfully completed the private placement and issued 23,927,085 new units corresponding to a gross value of EUR 6.29 million.

    In September 2024, the consolidated net rental income of the Fund remained at the level of EUR 1.0 million (EUR 1.0 million in August 2024).

    At the end of September 2024, the Fund’s consolidated cash and cash equivalents amounted to EUR 10.0 million (31 August 2024: EUR 3.9 million). As of 30 September 2024, the total consolidated assets of the Fund were EUR 256.8 million (31 August 2024: EUR 249.8 million).

    For additional information, please contact:

    Tarmo Karotam
    Baltic Horizon Fund manager
    E-mail tarmo.karotam@nh-cap.com
    http://www.baltichorizon.com

    Baltic Horizon Fund is a registered contractual public closed-end real estate fund managed by Alternative Investment Fund Manager license holder Northern Horizon Capital AS. Both the Fund and the Management Company are supervised by the Estonian Financial Supervision Authority.

    Distribution: Nasdaq, GlobeNewswire, http://www.baltichorizon.com

    To receive Nasdaq announcements and news from Baltic Horizon Fund about its projects, plans and more, register on http://www.baltichorizon.com. You can also follow Baltic Horizon Fund on http://www.baltichorizon.com and on LinkedIn, Facebook, X and YouTube.

    The MIL Network –

    January 23, 2025
  • MIL-OSI Canada: Minister MacAulay announces research funding for an innovative, sustainable poultry sector

    Source: Government of Canada News

    News release

    Today, the Honorable Lawrence MacAulay, Minister of Agriculture and Agri-Food, toured the University of Guelph’s research facilities to meet with researchers and learn about their innovative work in support of a sustainable poultry sector.

    October 15, 2024 – Guelph, Ontario – Agriculture and Agri-Food Canada

    Today, the Honorable Lawrence MacAulay, Minister of Agriculture and Agri-Food, toured the University of Guelph’s research facilities to meet with researchers and learn about their innovative work in support of a sustainable poultry sector. As part of his visit, Minister MacAulay highlighted that the Government of Canada is delivering an investment of $5,155,608 to the Canadian Poultry Research Council (CPRC) through the AgriScience Program – Clusters Component, an initiative under the Sustainable Canadian Agricultural Partnership.

    This funding will allow the CPRC to partner on research that will ensure poultry welfare at all levels of the production chain, meeting the consumer demand for healthy and safe poultry products, and decreasing the environmental impacts of poultry farms—including ambient air quality, emissions, and the effect on humans and birds in the surrounding area.

    Some examples of Cluster activities include upcycling Canadian fruit waste to develop novel feed ingredients, managing environmental conditions to reduce the risk of avian influenza, researching alternatives to antimicrobials, and optimizing feed to reduce particulate matter emissions.

    Research funding in the poultry sector is crucial for the continued development of sustainable practices and improved animal welfare.

    Quotes

    “Investments in research are vitally important to the future of our agricultural sector. By making sure our hardworking poultry farmers are using best practices and adopting innovative solutions, we’re not only strengthening our economy, we’re building a resilient industry that meets the needs of consumers, while protecting our environment for generations to come.”

    – The Honourable Lawrence MacAulay, Minister of Agriculture and Agri-Food

    “This new injection of funding from AAFC will ensure continued innovation and excellence in research that benefits the entire Canadian poultry supply chain. Research will focus on three main areas – environment and climate change, economic growth, and sector resilience – looking for ways to reduce greenhouse gas emissions, find innovative approaches to disease management, and improve the overall strength of the poultry sector.”

    – Caroline Wilson, Executive Director of the Canadian Poultry Research Council

    Quick facts

    • The Canadian poultry industry contributed about $5.5 billion in farm cash receipts in 2021, with over 2,800 chicken producers, 1,200 egg producers, 513 turkey producers, and 232 hatching egg producers across the country.

    • The CPRC leads the industry in its national research endeavours and seeks to address national poultry and egg research priorities, driven by the National Research Strategy for Canada’s Poultry Sector.

    • The CPRC has delivered the 3 previous poultry clusters and is made up of five members: the Canadian Hatching Egg Producers, the Egg Farmers of Canada, the Turkey Farmers of Canada, the Chicken Farmers of Canada, and the Canadian Poultry and Egg Processors.

    • The Sustainable Canadian Agricultural Partnership (Sustainable CAP) is a $3.5-billion, 5-year agreement (2023 to 2028), between the federal, provincial and territorial governments to strengthen the competitiveness, innovation, and resiliency of the agriculture, agri‐food and agri‐based products sector.

    • The AgriScience Program, under the Sustainable CAP, aims to accelerate innovation by providing funding and support for pre-commercial science activities and research that benefits the agriculture and agri-food sector, and Canadians.

    • The AgriScience Program – Clusters Component supports projects intended to mobilize industry, government and academia through partnerships, and address priority national themes and horizontal issues.

    Associated links

    Contacts

    For media:

    Annie Cullinan
    Director of Communications
    Office of the Minister of Agriculture and Agri-Food
    annie.cullinan@agr.gc.ca

    Media Relations
    Agriculture and Agri-Food Canada
    Ottawa, Ontario
    613-773-7972
    1-866-345-7972
    aafc.mediarelations-relationsmedias.aac@agr.gc.ca
    Follow us on Twitter, Facebook, Instagram, and LinkedIn
    Web: Agriculture and Agri-Food Canada

    MIL OSI Canada News –

    January 23, 2025
  • MIL-OSI Russia: IMF Staff Completes 2024 Article IV Consultation Mission to Chad

    Source: IMF – News in Russian

    October 15, 2024

    End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.

    • After increasing to 4.9 percent in 2023, growth is expected to moderate this year, reflecting a slight decline in oil production and the impact of floods.
    • Following a decline in 2023, inflation is expected to increase significantly in 2024 on account of higher fuel and food prices before moderating over the medium term.
    • The authorities are encouraged to pursue ongoing efforts to enhance sustainability of public finances and increase their contribution to development objectives.
    • As the authorities are finalizing their National Development Plan for the next five years, the IMF staff team discussed with them a number of medium-term macroeconomic challenges Chad is facing. The team made recommendations aimed at increasing resilience against climate change, improving the business climate, strengthening governance, and reducing gender disparities.

    Washington, DC: An International Monetary Fund (IMF) team, led by Mr. Édouard Martin, Mission Chief for Chad, visited N’Djamena to hold discussions on the 2024 Article IV consultation from October 3–15, 2024. Mr. Vitaliy Kramarenko, Deputy Director of the IMF African department, joined the mission for policy discussions. The Article IV discussions will continue in the coming days.

    At the conclusion of the discussions, Mr. Martin issued the following statement:

    “Chad’s economic activity grew by 4.9 percent in 2023, driven by a rebound in agricultural production, an increase in public investment, and higher oil production. After declining in 2023 (to 4.2 percent from 8.3 percent at end-2022) owing to a slowdown in food prices, year-over-year inflation went back up to 8.7 percent at end-August 2024, reflecting a rebalancing in domestic fuel prices and a rebound in food prices during a particularly difficult lean season.

    “The overall fiscal balance deteriorated substantially in 2023—to -2.7 percent of non-oil GDP from +4.9 percent in 2022. Non-oil revenue increased steadily as a result of tax administration reforms while current expenditures remained elevated, reflecting in part spending pressures related to the arrival of refugees from Sudan and the large use of emergency spending procedures (Dépenses avant ordonnancement, DAOs).

    “The banking sector remains undercapitalized. At end-December 2023, the sector’s capital adequacy ratio was below the regulatory minimum, while non-performing loans amounted to 31.5 percent of total loans. The mission emphasized the need to promptly finalize and start implementing restructuring plans for the two systemic public banks.

    “Looking ahead, the outlook for 2024-25 remains broadly favorable but subject to significant risks. The economy is expected to decelerate this year owing to a slight decline in oil production and the impact of floods. Despite a further decline in oil production, growth would increase to 3.4 percent in 2025 owing to better agricultural crops and livestock activity. Reflecting substantial increases in food and fuel prices, inflation would increase to 8.8 percent year-over-year at end- 2024 before gradually declining over the medium term. Risks include a possible intensification of regional conflicts, large fluctuations in oil prices, and an increase in climate-change related events, such as the recent floods.

    “Despite a further decline in oil revenue, the overall fiscal balance would somewhat recover in 2024. Non-oil revenue would increase significantly, reflecting further tax administration reforms, the increase in domestic fuel prices, and the renewal of telecommunications licenses. Current spending would decline, reflecting the phasing out of one-off spending related to the political transition and the election and the progress in reducing the use of emergency spending procedures.

    “With oil revenue expected to further decline over the medium term, discussions focused on measures to further improve domestic non-oil revenue mobilization, including through digitalization, and contain current expenditure, including the wage bill and transfers to the energy sector. The mission also encouraged the authorities to ensure that budget allocations for social spending (e.g., health, education, women, and environment) are actually spent and to reform public procurement to increase the efficiency of public investment.

    “The authorities are finalizing their National Development Plan, which will articulate the policies and reforms the government intends to implement over  the next five years to meet its development objectives. In this context, the mission discussed the key medium-term macroeconomic challenges that Chad is facing. It stressed the importance of ensuring a sustainable and inclusive development, which will notably require mobilizing concessional financing and grants to finance investment in key areas and taking measures to promote the development of the private sector and the diversification of the economy. It also made recommendations aimed at increasing resilience against climate change, improving the business climate, strengthening governance, and reducing gender disparities.

    “The IMF team would like to thank the Chadian authorities and other counterparts for their hospitality, excellent cooperation, and candid and constructive discussions.”

    The mission met with Mr. Mahamat Idriss Déby Into, President of the Republic of Chad; Mr. Tahir Hamid Nguilin, Minister of State for Finance, Budget, Economy and Planning; Ms. Ndolenodji Alixe Naïmbaye, Minister of Hydrocarbons, Mines, and Geology; Mr. Patalet Kanabe Marcelin, Minister of Water and Energy]; Mr. Idriss Ahmat Idriss, National Director of the regional central bank (BEAC); and other senior officials, as well as representatives of the private sector, civil society and international development partners.

    IMF Communications Department
    MEDIA RELATIONS

    PRESS OFFICER: Julie Ziegler

    Phone: +1 202 623-7100Email: MEDIA@IMF.org

    @IMFSpokesperson

    https://www.imf.org/en/News/Articles/2024/10/15/pr-370-chad-imf-staff-completes-2024-article-iv-consultation-mission

    MIL OSI

    MIL OSI Russia News –

    January 23, 2025
  • MIL-OSI Security: Former Chief Executive Officer of Chicago Hospital Added to Federal Indictment Alleging Corruption and Embezzlement

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

    CHICAGO — An ongoing federal investigation into alleged corruption and embezzlement at a Chicago hospital has resulted in a conspiracy charge against the hospital’s former Chief Executive Officer.

    A 45-count, second superseding indictment accuses former CEO GEORGE MILLER, JR., 73, of Dallas, Texas, of conspiring with the hospital’s then-Chief Financial Officer, ANOSH AHMED, 40, of Houston, Texas, to corruptly steer vendor contracts and other hospital business to certain medical supply companies in exchange for cash from the companies’ owner, SAMEER SUHAIL, 47, of Chicago.  Ahmed, Suhail, and the hospital’s former Chief Transformation Officer, HEATHER BERGDAHL, 37, of Houston, Texas, were originally indicted earlier this year on fraud, embezzlement, and money laundering counts.  The charges accused them of causing the hospital to issue payments to purported vendor companies for goods and services that they knew had not been provided.  Many of the purported vendor companies were created by Suhail and Ahmed under various names to conceal their association with the fraudulent payments, the charges alleged.  Bergdahl allegedly opened bank accounts in the names of two legitimate hospital vendors and caused the hospital to deposit fraudulent payments into those accounts.

    The second superseding indictment, which was returned Thursday in U.S. District Court in Chicago, renews the prior charges against Ahmed, Suhail, and Bergdahl, adds Miller as a defendant, and includes new tax charges against Ahmed for allegedly underreporting income in his individual tax returns.  The newly returned indictment alleges that from 2018 to 2021, Suhail paid Miller and Ahmed a share of $19 million in payments that he received from the hospital, in return for Miller and Ahmed steering those contracts and business to him.  The payments to Miller and Ahmed were in addition to the millions of dollars in fraudulent payments charged in the prior indictment.

    Arraignments on the second superseding indictment have not yet been scheduled.

    The second superseding indictment was announced by Morris Pasqual, Acting United States Attorney for the Northern District of Illinois, Douglas S. DePodesta, Special Agent-in-Charge of the Chicago Field Office of the FBI, Mario Pinto, Special Agent-in-Charge of the U.S. Department of Health and Human Services, Office of Inspector General, and Ramsey E. Covington, Acting Special Agent-in-Charge of IRS Criminal Investigation in Chicago.  The government is represented by Assistant U.S. Attorneys Sheri H. Mecklenburg and Kelly L. Guzman.

    The public is reminded that an indictment is not evidence of guilt.  The defendants are presumed innocent and entitled to a fair trial at which the government has the burden of proving guilt beyond a reasonable doubt.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI: Five Star Bancorp Announces Third Quarter 2024 Earnings Release Date and Webcast

    Source: GlobeNewswire (MIL-OSI)

    RANCHO CORDOVA, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) — Five Star Bancorp (Nasdaq: FSBC) (“Five Star” or the “Company”), a holding company that operates through its wholly owned banking subsidiary, Five Star Bank (the “Bank”), expects to report its financial results for the quarter ended September 30, 2024, after the stock market closes on Monday, October 28, 2024.

    Management will host a live webcast for analysts and investors to review this information at 1:00 PM ET (10:00 AM PT) on October 29, 2024.

    The live webcast will be accessible from the “News & Events” section of the Company’s website under “Events” at https://investors.fivestarbank.com/news-events/events. Please pre-register for the event using this link. The webcast will be archived on the Company’s website for a period of 90 days.

    About Five Star Bancorp
    Five Star is a bank holding company headquartered in Rancho Cordova, California. Five Star operates through its wholly owned banking subsidiary, Five Star Bank. The Bank has eight branches in Northern California. For more information, visit https://www.fivestarbank.com.

    Investor Contact:
    Heather C. Luck, Chief Financial Officer
    Five Star Bancorp
    (916) 626-5008
    hluck@fivestarbank.com

    Media Contact:
    Shelley R. Wetton, Chief Marketing Officer
    Five Star Bancorp
    (916) 284-7827
    swetton@fivestarbank.com

    The MIL Network –

    January 23, 2025
  • MIL-OSI Europe: Villers-Cotterêts Declaration (7 Oct. 2024)

    Source: Republic of France in English
    The Republic of France has issued the following statement:

    1. We, the Heads of State and Government of countries which have a shared relationship with the French language, meeting on 4 and 5 October 2024 for the 19th Francophonie Summit in the French Republic;

    2. Welcome the opening of this Summit at the Cité Internationale de la Langue Française, where in 1539 the Ordinance of Villers-Cotterêts was signed, for the first time making French the official language of France;

    3. Reiterate our commitment to the French language, a language of teaching and communication, development, transmission and sharing, of creation and opportunities, a language of negotiation in international forums, for our populations, particularly young people, in accordance with the Declaration on the French Language in the Linguistic Diversity of Francophonie, adopted at the 18th Summit in Djerba;

    4. Aware of the multi-faceted crises affecting the Francophone space, including armed conflict, situations of occupation and settlement, as well as terrorist acts, support the International Organisation of la Francophonie in its role as a key forum for dialogue, which is essential to strengthen the shared values of humanity, i.e. peace, sustainable development, democracy, the rule of law and human rights, pursuant to the Charter of the Francophonie, the Bamako Declaration (2000) and the Saint-Boniface Declaration (2006) and in compliance with the principles of the Universal Declaration of Human Rights and the Charter of the United Nations, international law and the United Nations Security Council resolutions;

    5. Condemn violations of international law and international humanitarian law;

    6. Remain committed to addressing the challenges of climate change, working to protect the environment, and supporting the work of the OIF through the 2023-2030 Francophonie Strategic Framework in order to encourage Francophone synergies and consultations prior to multilateral events on these issues, and highlight that the Agreement under the United Nations Convention on the Law of the Sea on the Conservation and Sustainable Use of Marine Biological Diversity of Areas beyond National Jurisdiction (BBNJ Agreement) must urgently enter into force and call for swift progress in negotiating the International Treaty against Plastic Pollution with a view to the UN Ocean Conference (UNOC 2025); remain committed to the challenge of climate finance and recall that no State or government should have to choose between fighting poverty and preserving the planet; and in that regard, welcome the organization by France of the Summit for a New Global Financing Pact in Paris in 2023;

    7. We therefore recall that climate financing is the cornerstone in the global effort to fight climate change and highlight, in that regard, the importance of the Loss and Damage Fund established at COP27 in Sharm-el-Sheikh, recognizing its role in addressing the negative impact of climate change; Welcome the support provided by the OIF through the training of climate negotiators, in achieving this objective;

    8. Recall our commitment to the role of civil society and non-governmental organizations, and support an active Conference of International Non-Governmental Organisations for the benefit of populations and Francophone institutions.

    9. Renew our commitment to promoting gender equality, in accordance with the Francophonie Strategy for the Promotion of Gender Equality, the Rights and the Empowerment of Women and Girls, adopted at the 17th Francophonie Summit in Yerevan;

    10. Believe that the future of our young people is a priority which requires us to continually work with them to foster peace and sustainable development in our societies, in line with the Francophonie values of solidarity, tolerance, justice and inclusiveness;

    11. Reiterate that the promotion of the diversity of languages and cultures, as well as the diversity of expression and creation of cultural and educational content within the framework of a pluralistic, knowledge-based society are Francophonie’s most precious assets;

    12. Urge all OIF countries as well as institutions and agencies of the Charter of the Francophonie to promote the spirit of solidarity and respect shown both at the 2023 Francophone Games in the Democratic Republic of the Congo and the Olympic and Paralympic Games in France in the summer of 2024, with a view to upcoming international sporting events, particularly the Francophone Games, to be hosted by Armenia in 2027;

    13. Building on the legacy of Francophonie institutions, including the 36th session of the Francophonie Ministerial Conference (FMC) in Monaco and the 18th Francophonie Summit in Djerba, having highlighted the importance of innovation in promoting science and the digital economy in order to reduce the digital divide, ensure high-quality education and better access to employment;

    Have decided to make the theme of the 19th Summit: “Create, innovate and do business in French”

    I. The French language, serving an education, training and employability continuum

    Considering that the French language remains the bedrock of our Organisation, while respecting linguistic diversity and promoting multilingualism;

    14. Reiterate our commitment to the teaching of French, and teaching in French, and welcome the key role of educators and school communities. Commit to working alongside the OIF to develop linguistic training and teaching, in order to significantly increase the number of trained educators to ensure high-quality education for all; to this end, encourage sharing of expertise and best practices among training institution networks, the implementation of shared programmes and mechanisms, including greater online resources for educators and educational officials in the Francophone space;

    15. Support the adaptation of academic, professional and technical Francophone training, including through work-based learning, apprenticeships and mentoring in French, in order to promote a spirit of creation, innovation and entrepreneurship for young people, in line with the necessary skills to make them employable and boost the economic development of OIF member countries;

    16. Highlight the importance of facilitating exchanges among young Francophones in training, volunteers, academics, researchers and entrepreneurs, particularly within the framework of cross-cutting mobility projects in the Francophone space; encourage, to that end, multi-stakeholder cooperation involving OIF member countries and Charter of the Francophonie institutions and agencies, with economic and civil society stakeholders;

    17. To better tackle pandemics, call for greater French-language training in the area of healthcare through digital tools and in this regard, welcome national and multilateral efforts, particularly within the World Health Organization (WHO) in Geneva, which this year will open its continuous training centre, the WHO Academy in Lyon, and the cooperation agreement signed between the OIF and WHO in 2021;

    18. Encourage Charter of the Francophonie institutions and agencies to strengthen their work for cultural diversity, in line with the Convention on the Protection and Promotion of the Diversity of Cultural Expressions, adopted by UNESCO in 2005, thus enabling greater visibility among the huge diversity of French-language productions;

    19. Recall that Francophone cultural and linguistic diversity is very important within the digital space, and encourage Francophonie to actively continue its contribution to global digital governance, in accordance with the 2022-2026 Strategy for Digital Francophonie, particularly the process linked to the World Summit on the Information Society (WSIS) in Geneva, the Global Digital Compact in New York and the 2025 Artificial Intelligence (AI) Action Summit in Paris.

    20. Recognize the urgent need to take action in the digital environment and urge Charter of the Francophonie institutions and agencies to implement solutions for accessibility, linguistic diversity and the discoverability of French-language cultural, educational and scientific content and French-language training of generative artificial intelligence; welcome the scale of digitized collections of Francophone documentation centres and new cooperation opportunities created by the Cité Internationale de la Langue Française in Villers-Cotterêts in these areas;

    21. Call for high-level dialogue and advocacy to continue in the area of culture, particularly with regard to protecting and promoting the diversity of cultural and linguistic expressions;

    22. Reiterate our commitment to the multilateral media outlet, TV5, and commit to promote and distribute it; in this regard, we will take every appropriate measure, using all distribution methods, to ensure our populations have the widest possible access to TV5’s channels and the TV5MondePlus digital platform, which showcase the cultural diversity of the Francophone space;

    23. Recalling UNESCO’s Recommendation on the Ethics of Artificial Intelligence, welcome the fact that advances in artificial intelligence can contribute to the fields of translation and interpreting, including within international bodies; and call for these technological developments to fully respect the essential role of French-speaking translators and interpreters;

    24. Highlight the determination of OIF member countries to maintain a reliable, free and safe information space, in accordance with the resolution on good governance adopted at the 44th Ministerial Conference of La Francophonie (CMF) in Yaoundé; declare our full support for the Information and Democracy Partnership and the need to promote media and information education; in this regard, we welcome the 1st High-Level Forum of members of the Network of French-speaking media regulatory authorities (REFRAM) and the major digital space platforms, the adoption of the Abidjan Declaration of 24 April 2024 aimed at strengthening dialogue between regulators and major online platforms in Africa and the Francophone space, as well as the signing of the voluntary commitment protocol, and in this regard, welcome the Villers-Cotterêts Call for an honest, trustworthy digital space in the Francophone world, launched at the opening of this 19th Francophonie Summit;

    II. Create, innovate and do business in the Francophone space

    Considering that success in Francophonie can only be achieved once the French language has been acquired;

    25. Highlight the essential role of compliance with the fundamental freedoms of creation, innovation and enterprise, in accordance with the Bamako Declaration;

    26. Together call on all Charter of the Francophonie institutions and agencies to encourage freedom of creation, in all the diversity of artistic expression, invite them to develop their work for cultural and creative industries, particularly through the development and improvement of vocational training in these sectors, which offer a wide range of employment opportunities;

    27. Recall that the future of artists and creators from all cultural sectors requires working in compliance with copyright and neighbouring rights, and we are committed to strengthening these legal and administrative mechanisms for the regular collection and payment of royalties, and to support the international distribution of works, including within the digital space;

    28. Welcome the work of the OIF for Francophone authors and express our commitment to the Francophonie literary awards, including the Prix des cinq continents, as well as the programmes to support broadcasting productions through the Images de la Francophonie and the Francophonie TV5Mondeplus Funds;

    29. Invite Charter of the Francophonie institutions and agencies in collaboration with civil society, to discuss the importance of Francophonie in sport, highlighting the social and economic opportunities it offers for young Francophones, as well as its positive impact on health and well-being;

    30. Welcome the meaningful results of the Francophonie economic and trade missions, as part of the Economic Strategy for La Francophonie 2020-2025, and reiterate our support for the involvement of women and young entrepreneurs in these missions; support partnerships with Francophone economic networks to back companies as they develop internationally;

    31. Encourage initiatives to promote Francophone entrepreneurship, particularly in sectors linked to climate change and sustainable tourism, and call for enhanced relations between companies and academic, vocational and technical training institutions, as well as Francophone standardization and intellectual property networks;

    32. Also encourage concerted Francophone efforts to facilitate access for OIF member countries and local authorities to climate and biodiversity finance, in support of innovation and entrepreneurship;

    33. Place special emphasis on actions to promote the empowerment of women and urge all OIF member countries to support the strengthening of the La Francophonie Avec Elles Fund, with regard to its importance for direct beneficiaries and positive impacts for local communities;

    34. Aware of the economic and cultural cooperation opportunities opened up by the French language, we are committed to promoting mobility via Francophonie programmes and movement within our space for nationals of our countries, entrepreneurs, artists and graduates who, for professional purposes, are required to travel regularly, in compliance with national visa legislation and regulations;

    35. Take note, in this regard, that the Parliamentary Assembly of the Francophonie (APF), in its declaration on citizen mobility in the Francophone space, recommends implementing measures to consolidate Francophonie as a more integrated space and to make better use of its social and economic potential;

    36. In the interests of all these commitments, encourage the institutions and agencies of the Charter of the Francophonie to continue diversifying their sources of finance, in addition to voluntary contributions from OIF member countries, in order to strengthen the implementation of their programmes, including through public-private partnerships and development banks.

    Source: Website of the Presidency of the Republic

    MIL OSI Europe News –

    January 23, 2025
  • MIL-OSI United Kingdom: UK-Switzerland Financial Dialogue 2024 Joint Statement

    Source: United Kingdom – Executive Government & Departments

    Joint Statement between HM Treasury and the State Secretariat for International Finance on the UK-Switzerland Financial Dialogue.

    Documents

    UK-Switzerland Financial Dialogue Joint Statement – October 2024

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    Details

    This is a joint statement between HM Treasury and the State Secretariat for International Finance following the UK-Switzerland Financial Dialogue, held on Tuesday 15 October 2024. The statement summarises what was discussed at the meeting and the key outcomes.

    Updates to this page

    Published 15 October 2024

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    MIL OSI United Kingdom –

    January 23, 2025
  • MIL-OSI USA: Lankford Visits Arizona Border, Receives Briefings from Border Patrol and ICE Officials

    US Senate News:

    Source: United States Senator for Oklahoma James Lankford

    OKLAHOMA CITY, OK – Senator James Lankford (R-OK) concluded a two-day trip to the US-Mexico border in Arizona last week, where he met with federal agents, toured border facilities, and received briefings on the escalating challenges of securing the southern border.

    During his visit, Lankford toured the Gwen Mikeal Village, a Department of Health and Human Services (HHS) facility that cares for unaccompanied minors who have crossed into the United States. He also received in-depth briefings at the Tucson Border Patrol headquarters and the Tucson CBP Air and Marine Operations headquarters, followed by a night tour with the Border Patrol Union. While on the tour, Lankford witnessed firsthand a gap in the border wall that is exploited by illegal border crossers. 

    The following day, Lankford toured the DeConcini port of entry, where he saw the process for the CBP One app. He then visited the Nogales Border Patrol Station and finished his visit with a briefing at the Tucson ICE facility with the Homeland Security Investigations to learn about the current state of interior enforcement. To view pictures from the trip, click here.

    “People from all over the world—including Russia and countries in Africa—are crossing our southern border illegally because they know they can get away with it,” said Lankford. “This isn’t just a border crisis; it’s a national security threat. Since the CBP One app doesn’t require photo ID verification, there’s no way to confirm the person filling out the information is who they say they are, which means we have no idea who is really coming into our country and that puts our communities at risk.”

    There also has been a surge of dangerous drugs like fentanyl and methamphetamines crossing the southern border, and Oklahoma communities are feeling the effects. Meth remains the top drug threat in the state.

    “When drug traffickers and illegal drugs slip through the cracks, families in Oklahoma suffer,” said Lankford. “Meth is responsible for more overdose deaths in our state than any other drug, and the increasing flow of it across the border is putting more lives in danger.”

    Senator Lankford has been an outspoken advocate for stronger border security measures. As a member of the Senate Homeland Security and Governmental Affairs Committee, Lankford will continue to fight to secure the border by pushing for stronger policies and ensuring that federal agencies have the resources and support they need to effectively protect America’s borders.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Global: Why might people believe in human-made hurricanes? Two conspiracy theory psychologists explain

    Source: The Conversation – UK – By Iwan Dinnick, Research Fellow, Psychology, University of Nottingham

    Hurricane Milton slammed into the west coast of Florida on October 9, becoming the second powerful hurricane to hit the state in just two weeks.

    While most people turned to meteorologists for explanations, a vocal minority remained sceptical, proposing that the hurricanes were engineered, that Florida’s weather was being manipulated, or even that it was targeted at Republican voters.

    These ideas aren’t new. As psychologists, we research the roots of conspiracy theories, and have found they often emerge in the wake of natural disasters. Investigating these theories is especially crucial as extreme weather events are projected to become more severe and frequent.

    Conspiracy theories explain important events by attributing them to the secret actions of a small, powerful group. Yet, if we take a step back from this psychological definition, something striking becomes apparent.

    If conspiracy theories explain events as the actions of a small group, then conspiracy theories should only apply to events where such a group’s influence is plausible.

    For example, faking the moon landing would have required Nasa to create an elaborate set, costumes, actors, and maintain secrecy. While unlikely, it is conceivable because humans can design sets, make costumes, and act. However, climate-based conspiracy theories don’t fit this mould as easily.

    Unlike movie sets or staged events, humans don’t control the climate in the same direct way. While we can seed individual clouds to encourage rain, for instance, a whole hurricane is simply far too big and too powerful for human technology to have any impact. This makes climate conspiracy theories seem less plausible, as the climate is beyond the direct manipulation that other conspiracy theories depend on.

    Why people turn to weather conspiracies

    People have a fundamental need to feel safe and secure in their environment. If climate change is real, it poses an existential threat, leading some to reject it in favour of conspiracy theories that preserve their sense of safety.

    Additionally, individuals desire a sense of control and agency over their environment. When faced with the uncontrollable nature of climate change, people often embrace conspiracy theories to regain that sense of control. Notably, recent psychological research has shifted focus from macro-level conspiracy beliefs, like climate change, to micro-level beliefs concerning local natural disasters.

    The first psychological study of this kind looked at a major tornado outbreak in the US midwest in 2019. Researchers found that people more affected by the outbreak were more likely to believe the tornadoes were controlled by the government. Importantly, this belief was explained by the fact that those affected by the tornadoes felt like they had no control over their own life.

    Tornado aftermath in Dayton, Ohio, May 2019. Tornadoes killed 42 in the US that year.
    CiEll / shutterstock

    Building on these initial findings, another study asked participants to imagine living in a fictional country called Nebuloria. Half were told that natural disasters might occur soon, prompting them to take precautions for their safety, while the others were told that such disasters were rare and that there was no need to worry.

    Participants were then asked about various conspiracy beliefs, such as whether the contrails left by planes Nebuloria were “evidence of weather manipulation”. Results showed those in the high-risk scenario were more likely to endorse conspiracy beliefs.

    Notably, what explained this increase in conspiracy beliefs was the fact that high-risk participants felt a sense of existential threat. This suggests that when people feel vulnerable due to environmental risks, they turn to conspiracies to regain control, even if the threats are beyond their reach.

    A self-perpetuating cycle

    It might seem intuitive that if you don’t believe in something, you won’t act as though it were true. Thus, if you don’t believe that climate change is true you are not going to act as if it is. Indeed, a large and growing amount of psychological research bares this out.

    The more that people ascribe to climate-related conspiracy beliefs the less likely they are to believe in the scientific consensus of human-made climate change, the less likely they are to have any pro-environmental concern, and the less likely they are to trust in the scientists that produce the evidence.

    These beliefs do not remain abstract. The more that people believe in climate conspiracy theories, the less likely they are to take action to mitigate climate change. Research has shown that merely exposing people to climate change conspiracies is sufficient to decrease their desire to sign a petition to support pro-environmental policies.

    This has serious implications. First, if people don’t believe in climate change, they won’t take action, accelerating its progression. Second, the more that climate change accelerates, the more frequent natural disasters become. As we’ve seen, an increase in natural disasters leads to a rise in conspiracy beliefs, creating a harmful and self-perpetuating cycle.

    Research shows that natural disasters can fuel conspiratorial thinking about unrelated events, which harms democratic engagement, public health and social cohesion. In short, climate-based conspiracy theories can have wide-ranging negative effects beyond climate-related matters.

    What can be done?

    There are reasons to be hopeful that certain interventions that foster analytical thinking or a critical mindset can reduce conspiracy beliefs. For example, exposing people to scientific reasoning that challenged the assumptions behind COVID-19 conspiracies significantly reduced their belief in those conspiracy theories. Also, a better use of resources and skills to cope with natural disasters can reduce conspiracy theories.

    If we don’t act on climate change, the rise in natural disasters will likely lead to more conspiracy theories. The stakes are high, but with thoughtful interventions, we can break this harmful cycle.



    Don’t have time to read about climate change as much as you’d like?

    Get our award-winning weekly roundup in your inbox instead. Every Wednesday, The Conversation’s environment editor writes Imagine, a short email that goes a little deeper into just one climate issue. Join the 35,000+ readers who’ve subscribed so far.


    Iwan Dinnick is employed as a Research Fellow at the University of Nottingham through a Leverhulme funded Research Project.

    Daniel Jolley has received funding from the Leverhulme Trust, the British Academy, and the Engineering and Physical Sciences Research Council (EPSRC).

    – ref. Why might people believe in human-made hurricanes? Two conspiracy theory psychologists explain – https://theconversation.com/why-might-people-believe-in-human-made-hurricanes-two-conspiracy-theory-psychologists-explain-241098

    MIL OSI – Global Reports –

    January 23, 2025
  • MIL-OSI: Credit Agricole Sa: Crédit Agricole Personal Finance & Mobility takes a stake in GAC Leasing to support the growth of GAC Group sales in China

    Source: GlobeNewswire (MIL-OSI)

    Massy – October 15th, 2024

    Crédit Agricole Personal Finance & Mobility
    takes a stake in GAC Leasing to support the growth
    of GAC Group sales in China

    • CA Personal Finance & Mobility announces the planned acquisition of 50% of the equity interests of GAC Finance Leasing Co. Ltd. (GAC Leasing), the leasing company of one of the largest Chinese manufacturers Guangzhou Automobile Group Co., Ltd. (GAC Group), via a reserved capital increase.
    • With this new joint venture, CA Personal Finance & Mobility is expected to offer financial and operational leasing solutions on the Chinese market in 2025 and will thus promote the deployment of electric vehicles in China.
    • This transaction will consolidate a partnership that has existed since 2009 between CA Personal Finance & Mobility and GAC Group with the creation of GAC-Sofinco AFC, a 50-50 joint venture. The latter operates throughout China and offers automotive financing and services to the GAC-Honda, GAC-Toyota, AION, HYPTEC and GAC Motor networks, serving more than 3,000 dealers.

    CA Personal Finance & Mobility to become 50% shareholder of GAC Leasing

    Following a reserved capital increase, CA Personal Finance & Mobility will hold 50% of the equity interests of GAC Leasing. The company has been operating on the Chinese market since 2004 and offers financial and operational leasing solutions to GAC customers and its dealer network.

    Through this transaction, CA Personal Finance & Mobility and GAC group are strengthening the leasing offer proposed to Chinese customers, thereby stimulating the sale of electric vehicles, which already represents 60% of GAC Leasing’s leasing contracts on a portfolio of more than 200,000 vehicles.

    The impact on the CET1 ratio of Crédit Agricole S.A. and that of the Crédit Agricole group will be very limited.

    « This transaction reaffirms the importance of our long-standing partnership with GAC group. It will enable us to support together and over the long term the development of the particularly dynamic electric automobile market in China. »
    STEPHANE PRIAMI – CEO of Crédit Agricole Personal Finance & Mobility

    Key figures:

    • In 2023, GAC group was the 4th largest automotive group in China
    • More than 2.5 million vehicles sold in 2023 worldwide
    • 39,90% of electrified vehicles sold in 2023

    Press Contact

    Claire Garcia
    presse@ca-cf.fr
    +33 (0)1 87 38 11 81 / +33 (0)6 80 41 17 77

    About Crédit Agricole Personal Finance & Mobility

    Crédit Agricole Personal Finance & Mobility is a leader in personal financing and a provider of access to all mobility solutions in Europe. It distributes directly, at the point of sale or on its partners’ e-commerce platforms, a wide range of financing solutions – amortizable credit, revolving credit, leasing and credit buyback – with associated services including insurance, split payment solutions and services dedicated to mobility, with the aim of meeting the challenges of energy transition in mobility, housing and consumption. Its financing solutions and services are offered in France via Sofinco, in Italy via Agos, in Germany via Creditplus, in Portugal via Credibom, in Spain via Sofinco Espana, in Morocco via Wafasalaf, and in China via GAC-Sofinco (automotive financing only). Crédit Agricole Personal Finance & Mobility aims to be the leader in electric mobility in Europe and offers a mobility continuum in the 22 countries where it is present (leasing, medium and short-term rental, subscription, car sharing, installation of charging stations, etc.). The company relies on Leasys, a joint venture equally owned by Stellantis, CA Auto Bank and Drivalia, the pan-European leader in automotive financing, rental and mobility, Crédit Agricole Mobility Services, a comprehensive service offering dedicated to mobility and the development of automotive financing in its universal subsidiaries in Europe and in Crédit Agricole Regional Banks and at LCL via Agilauto. CA Personal Finance & Mobility acts every day in the interest of its 17.2 million customers and society. As of December 31, 2023, CA Personal Finance & Mobility managed €113 billion in outstanding credit. More information: http://www.ca-personalfinancemobility.com

    Attachment

    • 2024 10 15 CP CAPFM takes a stake in GAC Leasing

    The MIL Network –

    January 23, 2025
  • MIL-OSI: Sidetrade: 33% Increase in Revenue for Q3 2024

    Source: GlobeNewswire (MIL-OSI)

    Q3 bookings at €1.52 million, in line for 2024

    Strong revenue growth, up 33%, with SaaS subscriptions up 31%

    Registration completed in France’s public invoicing portal

    Sidetrade rises to the Top 15% on EcoVadis

    Sidetrade, the global leader in generative AI-powered Order-to-Cash applications, announced a 33% revenue increase for the third quarter of 2024.

    Olivier Novasque, CEO of Sidetrade commented:

    “To date, our continually robust organic growth, combined with the strategic relevance of our external growth through the consolidation of SHS Viveon, has triggered an impressive 33% increase in our revenue. The expected slowdown in bookings over the third quarter, which is traditionally the weakest period of the year, in no way affects our ambition to match or even exceed our all-time record for contracts won last year. That said, we are embarking on a strong trajectory and reiterate our confidence in stepping up double-digit growth for 2024 and further out.

    Parallel to this, our official registration as a Dematerialization Platform Partner by France’s Public Finance Department, and, in a different context, reaching the Top 15% of the EcoVadis ranking highlights our commitment to the environmental, social and governance responsibility. Performance, safety and efficiency are more than mere targets; together, they form the pillars that shape our future.

    Quarter after quarter, our resilient economic model combined with our technological lead in AI and accelerated international growth – now with 68% of revenue achieved outside France – have enabled us to significantly upscale in next to no time, fast-tracking Sidetrade’s development into one of the select few Order-to-Cash technology leaders worldwide.”

    Q3 bookings at €1.52 million, in line for 2024
    In Q3 2024, which is traditionally the weakest of the year, Sidetrade achieved bookings of €1.52 million in New Annual Contract Value (ACV), versus €2.49 million in the same period last year. As announced during the September 11 investor presentation, the expected slowdown in third-quarter bookings against a complex economic and political backdrop does not affect the Group’s positive outlook for the full 2024 fiscal year.

    In the first nine months of 2024, Sidetrade recorded €8.94 million for bookings in New Annual Contract Value (ACV), compared to €8.42 million year-over-year (+6%). Given the postponement of a number of new contracts in Q3 2024 – serving to bolster an already strong business pipeline for Q4 2024 – Sidetrade is expected to match or even exceed its historic bookings record on a full fiscal year basis, which was set in 2023 with €11.2 million achieved in new ACV terms.

    Strong revenue growth, up 33%, with SaaS subscriptions up 31%

    Sidetrade

    (€m)

    Q3 2024 Q3 2023 Change
    SaaS subscriptions 12.5 (1) 9.5 +31%
    Revenue 14.9 (2) 11.2 +33%

    (1) includes €1.5m in recurring revenue from SHS Viveon
    (2) includes €2.1m in revenue from SHS Viveon

    In Q3 2024, Sidetrade achieved revenue of €14.9 million, representing an increase of 33% and up 14% on a comparable scope basis (excluding the recent acquisition of SHS Viveon). This strong performance is attributable to several key factors.

    First, the robust momentum in revenue growth on a constant scope basis continues. As a reminder, in the first half of 2024, Sidetrade reported a 19% increase in its revenue with growth of 18% in revenue for SaaS subscriptions which was impacted by a 4% contribution from the CreditPoint Software business, consolidated as of July 2023. On a constant scope basis, growth in the Company’s revenue was therefore 15%, with a 14% increase in revenue for SaaS subscriptions. In line with this performance, Sidetrade (excluding SHS Viveon) sustained vigorous momentum over Q3 2024, posting a 14% increase in its total Company revenue and 15% revenue growth for SaaS subscriptions, driven by a record performance for half-year bookings.

    In addition, the consolidation of the SHS Viveon business – effective since July 1, 2024 – substantially contributed to this quarterly growth, delivering a positive impact of 19%. SHS Viveon generated revenue of €2.1 million in Q3 2024. Fully consolidated in the DACH region (Germany, Austria, Switzerland and eastern European countries), SHS Viveon’s business represents a new growth driver for Sidetrade, with this geography now accounting for 14% of the Company’s total revenue.

    On the back of SHS Viveon’s consolidation, international markets now represent 68% of the Group’s revenue. With more than 70% of its workforce based outside France, Sidetrade is strongly positioned to capitalize on an increasingly globalized market, while leveraging a strong local presence in its strategic markets.

    Lastly, North America delivered the strongest growth, with revenue up 30%, representing €4.1 million over the period. This market will continue to play a pivotal role in Sidetrade’s growth trajectory.

    Analysis of the Company’s customer profiles (including the consolidated SHS Viveon) is underpinned by brisk growth of 53% in subscriptions with multinational corporations generating €2.5 billion-plus revenue. These contracts now account for more than half (52%) of Sidetrade’s total subscriptions and are expected to remain an important growth driver in the quarters ahead. The acquisition of SHS Viveon has helped accelerate this momentum, thanks to the business’ established portfolio of key accounts.

    Registration completed in France’s public invoicing portal

    Under France’s reform of electronic invoicing, Sidetrade was recently registered as a Dematerialization Platform Partner by the country’s Public Finance Department.

    While acknowledging that this initiative marks a step forward, Sidetrade does not regard it as providing a competitive advantage to its solutions and the Company is continuing to assess all options consistent with its targets for strategic development, both in France and internationally.

    Sidetrade rises to the Top 15% on EcoVadis

    Sidetrade recently secured a new Silver medal from EcoVadis, ranking among the top 15% of companies rated within its industry. This award recognizes the Group’s social and environmental performance.

    In September 2024, the Company reached a score of 70/100, placing it in the 91st percentile. This progress from its previous rating of 68/100 and its positioning in the top 25% underscore the Group’s relentless focus on improving its sustainable operations. The EcoVadis score illustrates the strides taken to address environmental, social, and ethical issues, particularly through strengthened policies on cutting energy consumption and optimizing technical infrastructure.

    Such recognition distinguishes Sidetrade as one of the sustainability leaders in its sector, enhancing its credibility with international clientele and partners while cementing its position as a responsible company committed to driving the transition towards a more sustainable economy.

    Next financial announcement
    Annual Revenue for 2024: January 21, 2025 (after the stock market closes)

    Investor relations
    Christelle Dhrif                00 33 6 10 46 72 00           cdhrif@sidetrade.com

    About Sidetrade (http://www.sidetrade.com)
    Sidetrade (Euronext Growth: ALBFR.PA) provides a SaaS platform designed to revolutionize how cash flow is secured and accelerated. Leveraging its next-generation AI, nicknamed Aimie, Sidetrade analyzes $6.1 trillion worth of B2B payment transactions daily in its Cloud, thereby anticipating customer payment behavior and the attrition risk of more than 38 million buyers worldwide. Aimie recommends the best operational strategies, dematerializes and intelligently automates Order-to-Cash processes to enhance productivity, results and
    working capital across organizations.
    Sidetrade has a global reach, with 400+ talented employees based in Europe, the United States and Canada, serving global businesses in more than 85 countries. Amongst them: Bidcorp, Biffa, Bunzl, Engie, Expedia, Inmarsat, KPMG, Lafarge, Manpower, Opentext, Page, Randstad, Saint-Gobain,
    Securitas, Sodexo, Tech Data, UGI, and Veolia.
    Sidetrade is a participant of the United Nations Global Compact, adhering to its principles-based approach to responsible business.

    For further information, visit us at http://www.sidetrade.com and follow @Aimie on LinkedIn.

    In the event of any discrepancy between the French and English versions of this press release, only the French version is to be taken into account.

    Attachment

    • Sidetrade reports a 33% increase in 2024 Q3 Revenue.

    The MIL Network –

    January 23, 2025
  • MIL-OSI Security: Ten Defendants Associated with “Everybody Shines Together” Street Gang Sentenced in Federal Drug and Gun Conspiracy

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

    Louisville, KY – This week the last of ten defendants, each of whom were associated with the “Everybody Shines Together” street gang (also knowns as “EST”), was sentenced as part of a conspiracy involving federal drug and firearms offenses. 

    U.S. Attorney Michael A. Bennett of the Western District of Kentucky, Special Agent in Charge Michael E. Stansbury of the FBI Louisville Field Office, and Chief Paul Humphrey of the Louisville Metro Police Department made the announcement.

    “I commend the outstanding work of our prosecutors, federal law enforcement agents, and our local law enforcement partners who worked tirelessly to ensure the successful prosecution of the defendants in this case,” stated U.S. Attorney Bennett. “These are significant federal prison sentences for serious violations of the law. Together, we will continue to investigate and aggressively prosecute those who seek to flood our streets and neighborhoods with drugs while illegally using and possessing firearms.” 

    “With the sentencing of Mr. Mosley comes the conclusion of a years-long collaborative effort across all levels of law enforcement to put some of Louisville’s most hardened criminals behind bars and disrupt one of the area’s most consequential street gangs,” said Special Agent in Charge Michael E. Stansbury. “With multiple significant federal prison sentences, we hope this case serves as a warning sign. As long as you continue to exploit the young and vulnerable and fill our neighborhoods with senseless gun violence and harmful drug operations, the FBI will use every available resource to identify and dismantle your operation.”

    “This sentencing highlights the result of countless hours of dedicated effort from officers and investigators from LMPD and our partner agencies,” stated Chief Paul Humphrey. Each day they place their life on the line to remove criminals such as these from the streets, making Louisville a safer, better place.  The men and women of LMPD will not stop fighting against the scourge of violence and gang activity in our city. There is more work to do, but this particular group of criminals being sentenced and removed from our community is a move in the right direction.”

    According to court documents, Eric D. Mosley, 33, of Louisville, was sentenced on October 10, 2024, to 20 years in prison, followed by 5 years of supervised release, for conspiracy to possess with intent to distribute controlled substances, distribution of methamphetamine, possession with intent to distribute cocaine, possession of a firearm in furtherance of drug trafficking, possession of a firearm by a convicted felon, and possession of a stolen motor vehicle. Mosley was prohibited from possessing a firearm because he had previously been convicted of the following felony offenses.

    On December 1, 2015, in Jefferson Circuit Court, Mosley was convicted of enhanced possession of a controlled substance in the first degree, enhanced possession of drug paraphernalia, enhanced possession of marijuana, and enhanced possession of heroin.

    On December 1, 2014, in Jefferson Circuit Court, Mosley was convicted of enhanced trafficking in a controlled substance in the first degree, first offense, less than 4 grams of cocaine, receiving stolen property (firearm), enhanced possession of marijuana, and trafficking in a controlled substance in the first degree, first offense (less than 2 grams of heroin).

    Zaman Taylor, 24, of Louisville, was sentenced on October 3, 2024, to 20 years in prison, followed by 5 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances, eight counts of distribution of methamphetamine, two counts of possession of a firearm in furtherance of drug trafficking, possession with intent to distribute methamphetamine, and possession with intent to distribute fentanyl.

    Darrian Toogood, 27, of Louisville, was sentenced on June 6, 2024, to 6 months in prison, followed by 2 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances and two counts of distribution of methamphetamine.

    Devonzo Summers, 27, of Louisville, was sentenced on March 21, 2024, to 15 years in prison, followed by 5 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances, four counts of distribution of fentanyl, distribution of controlled substances, distribution of methamphetamine, and possession of a firearm in furtherance of drug trafficking.

    Barry Reed, 27, of Louisville, was sentenced on December 18, 2023, to 15 years in prison, followed by 5 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances, four counts of distribution of fentanyl, distribution of controlled substances, two counts of distribution of methamphetamine, possession of a firearm in furtherance of drug trafficking, and possession of a stolen motor vehicle.

    Dazaray Rice, 30, of Louisville, was sentenced on November 9, 2023, to 3 years of probation, for conspiracy to possess with the intent to distribute controlled substance and two counts of distribution of fentanyl.

    Aerion Cook, 24, of Louisville, was sentenced on November 2, 2023, to 10 years in prison, followed by 5 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances and three counts of distribution of methamphetamine.

    Khasi Jones, 31, of Louisville, was sentenced on November 2, 2023, to 5 years in prison, followed by 4 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances and six counts of distribution of fentanyl.

    Cedric Palmer, 28, of Louisville, was sentenced on October 12, 2023, to 5 years in prison, followed by 4 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances, distribution of controlled substances, and distribution of methamphetamine.

    Ricos Mosley, 36, of Louisville,was sentenced on August 17, 2023, to 5 years in prison, followed by 4 years of supervised release, for conspiracy to possess with the intent to distribute controlled substances.

    There is no parole in the federal system.   

    This case was investigated by the FBI and LMPD, with assistance from the ATF, IRS-CI, DEA, Nelson County Sheriff’s Office, Bullitt County Sheriff’s Office, and Jefferson County Sheriff’s Office.

    Assistant U.S. Attorneys Frank Dahl and Josh Porter prosecuted the case with assistance from Paralegal Aaron Cooper.

    This effort is part of an Organized Crime Drug Enforcement Task Force (OCDETF) operation. OCDETF identifies, disrupts, and dismantles the highest-level criminal organizations that threaten the United States using a prosecutor-led, intelligence-driven, multi-agency approach. Additional information about the OCDETF Program can be found at http://www.justice.gov/OCDETF.

    ####

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI: Genie Energy to Report Third Quarter 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NEWARK, NJ, Oct. 15, 2024 (GLOBE NEWSWIRE) — Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the third quarter of 2024 on Wednesday, November 6th, 2024.

    Genie Energy will issue an earnings release over a wire service and post it in the “Investors” section of the Genie Energy website (https://genie.com/investors/quarterly-earnings/) at 7:30 AM Eastern. The release also will be filed in a current report (Form 8-K) with the SEC.

    At 8:30 AM Eastern, Genie Energy’s management will host a conference call to discuss financial and operational results, business outlook, and strategy. The call will begin with management’s remarks followed by Q&A with investors.

    To participate in the conference call, dial 1-877-545-0523 (toll-free from the US) or 1-973-528-0016 (international) and provide the following participant access code: 644435.

    Approximately three hours after the call, a call replay will be accessible by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and providing the replay passcode: 51441. The replay will remain available through Wednesday, November 20, 2024. In addition, a recording of the call will be available for playback on the “Investors” section of the Genie Energy website. 

    In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise. 

    About Genie Energy Ltd.: 

    Genie Energy Ltd., (NYSE: GNE) is a leading retail energy and renewable energy solutions provider. The Genie Retail Energy division (GRE) supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division (GREW) is a vertically-integrated provider of community and utility-scale solar energy solutions. For more information, visit Genie.com.

    Contact: 
    Genie Energy Investor Relations
    Bill Ulrey
    E-mail: wulrey@genie.com 

    # # # 

    The MIL Network –

    January 23, 2025
  • MIL-OSI USA: Cardin, Van Hollen, Ivey Highlight $1.15 Million in Direct Federal Investments for Youth Services and Restoration Projects in Prince George’s County

    US Senate News:

    Source: United States Senator for Maryland Ben Cardin

    WASHINGTON – Recently, U.S. Senators Ben Cardin and Chris Van Hollen and Congressman Glenn Ivey (all D-Md.) were in Prince George’s County to highlight $1,150,000 in direct federal investments they secured for youth services and environmental restoration projects in the community. The lawmakers fought for these investments in the federal funding bills passed and signed into law for Fiscal Year 2024.

    “The dam ruins at Laurel’s Riverfront Park and the Laurel Boys and Girls Club are at the heart of the community and tell the city’s origin story. These are stories that need to be told,” said Senator Cardin. “Investment in these historic places preserves our history and culture while creating economic and educational opportunities for Laurel’s residents.”

    “We fought for these direct investments in Prince George’s County with key goals in mind: building stronger communities and empowering our future leaders. Funding for the Laurel Boys & Girls Clubs will enable them to maintain safe spaces for after-school activities, and resources for restoring the Laurel Dam ruins will preserve the historic landmark that this City was built around while enhancing outdoor recreational opportunities. These are investments in the preservation of our local history and the wellbeing of Marylanders today and for generations to come,” said Senator Van Hollen.

    “Investing in our communities begins with raising the quality of life for residents.  Creating a beautiful, safe and environmentally friendly park space in the ruins of a dam along the Patuxent River gives people of Laurel and beyond a look into it’s storied history as a mill town and its future with the walkable Riverfront Park.  Keeping kids safe and promoting their wellbeing is a down payment on our leaders of tomorrow.  Keeping one of the oldest boys and girls clubs in the region thriving gives a glimpse of that future.  With the leadership of Maryland’s federal delegation bringing these grant monies, Laurel’s future is as bright as ever,” said Congressman Glenn Ivey (MD-04). 

    Senators Van Hollen, Senator Cardin and Congressman Ivey were joined by Laurel Council President James Kole to celebrate $850,000 in direct federal funding they secured to stabilize, protect, and restore the Dam Ruins at the City’s Riverfront Park. The project involves renovating the observation deck, improving drainage to control erosion, and repairing signage around the dam.

    “I am thankful and  thrilled to receive this funding, which will help us preserve and enhance the Laurel Dam Ruins, an important piece of our town’s history. This investment ensures that future generations can appreciate its significance while improving safety and access for our community. Our goal is to make the Ruins a destination place  for all to enjoy,” said City of Laurel Mayor Keith Sydnor.

    The lawmakers then visited the Boys and Girls Club of Laurel to highlight $300,000 for renovations at the clubhouse. The funds will allow the Boys and Girls Club to continue providing after-school activities and a positive, safe learning environment for middle and high school students.

    “We are so thankful for the continued support and leadership by Senator Van Hollen, Senator Cardin, and Congressman Ivey. This federal funding will enable us to make some of the critical renovations to our center and continue providing the care and services that impact the lives of our community’s children every day,” said Adrian Rousseau, President of the Laurel Boys and Girls Club.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI USA: SCHUMER ANNOUNCES NEW $750 MILLION PRELIMINARY INVESTMENT FOR WOLFSPEED FROM HIS CHIPS & SCIENCE LAW; SENATOR SAYS NEW $$$ WILL HELP ACCELERATE ONGOING MOHAWK VALLEY EXPANSION & SUPPORT HUNDREDS OF…

    US Senate News:

    Source: United States Senator for New York Charles E Schumer

    Includes $750M Agreement For Funding From Schumer’s CHIPS Act & $750M Private Investment, Boosting Wolfspeed’s Ongoing Expansion In Upstate NY And Building A New North Carolina Facility Which Sends Wafers To Oneida County’s Marcy Nanocenter To Be Finished, Providing Long Term Work For Mohawk Valley

    Wolfspeed Says It Also Plans To Tap Up To Nearly $1 Billion From The CHIPS ITC That Schumer Created To Help Fund Completion Of Mohawk Valley Plant

    Schumer: My CHIPS & Science Law Is Bringing Wolfspeed To Front Of The Pack & Helping Mohawk Valley Lead America’s Semiconductor Renaissance

    U.S. Senate Majority Leader Chuck Schumer today announced Wolfspeed has reached a $750 million preliminary memorandum of terms (PMT) funding agreement under the CHIPS & Science Law he led in writing and passing into law, helping them unlock an additional $750 million in private investment. Wolfspeed also said it plans to tap nearly $1 billion from the CHIPS Investment Tax Credit that Schumer helped create to fund much of the state-of-the-art equipment being installed to complete the expansion their Silicon Carbide Fabrication Facility at Marcy Nanocenter in Oneida County.

    Wolfspeed said this massive collective investment will help accelerate their ongoing expansion in the Mohawk Valley and boosting good-paying jobs expected to be created at the Marcy facility. This CHIPS investment will also support Wolfspeed’s new North Carolina Siler City facility which is integral to the Mohawk Valley’s future as it will send wafers to be finished in NY, creating long term work and future growth opportunities for the Marcy operation.

    “Wolfspeed is leading the pack in bringing semiconductor manufacturing back to America. This major multibillion investment powered by my CHIPS & Science Law will accelerate the ongoing expansion in the Mohawk Valley, helping boost hundreds of good paying jobs and providing long term work for the Marcy fab to succeed well into the future,” said Senator Schumer. “From electric vehicles to artificial intelligence, so much critical technology relies on the silicon carbide chips that Wolfspeed will manufacture and perfect in the Mohawk Valley. Today’s massive investment will make America’s economy and our national security stronger as Wolfspeed helps us write the next chapter of America’s resurgence as the leader in the semiconductor industry, with the Mohawk Valley as the beating heart.”

    Schumer explained that Wolfspeed’s Mohawk Valley Fab is the largest and one of the only 200mm Silicon Carbide fabrication facilities in the world. Wolfspeed officially opened their new fab in 2022 and is actively expanding with approximately $790 million in additional capital planned investment in the Mohawk Valley which will help support new good paying manufacturing and construction jobs to the region. The proposed CHIPS investment would also support the construction of Wolfspeed’s silicon carbide wafer manufacturing facility in North Carolina. Nearly all of the wafers from Wolfspeed’s new facility in Siler City, NC are needed and sent to the Mohawk Valley Fab to be finished and this investment is essential to ramp up chip production in New York. The proposed CHIPS funding will support the Mohawk Valley fab to increase its production capacity by approximately 30%.

    To achieve this increase in capacity in the Mohawk Valley, Wolfspeed will purchase and install additional tools & equipment in the Mohawk Valley, such as photolithography tools, ion implanters, metal deposition tools, etch systems, automation equipment and more that will be support by the Investment Tax Credit from the CHIPS & Science Law.

    The proposed $750 million in CHIPS funding will also help catalyze private capital investment of at least $750 million to support the company’s expansion plans. This injection of private capital would not have occurred were it not for the CHIPS and Science Act. Wolfspeed is the world’s leading manufacturer of wafers and devices made from silicon carbide, a compound which has favorable chemical and material properties compared to traditional silicon, enabling Wolfspeed’s semiconductors to be highly energy-efficient and durable. The silicon carbide devices manufactured by Wolfspeed power electric vehicles (EVs) and plug-in hybrids, enabling extended driving range-per-charge, faster charging times, and lower overall systems costs, they also are vital for artificial intelligence and in military applications critical for national security.

    Oneida County Executive Anthony J. Picente Jr. said, “We thank Senator Schumer for securing $750 million in funding for Wolfspeed from his historic CHIPS & Science Law. This transformative investment will accelerate hundreds of good-paying jobs in Oneida County and further elevate our region as a leader in semiconductor production. As Wolfspeed enhances its capabilities, we look forward to the opportunities this brings for our workforce and our future in the Mohawk Valley.”

    Acting President of Mohawk Valley EDGE Shawna Papale said, “On behalf of Mohawk Valley EDGE, we commend the Department of Commerce for reaching a preliminary agreement with Wolfspeed to leverage more than $2.5 billion of investment including over $750 million in CHIPS Act grant funding. The growth of the Mohawk Valley Fab is hinged on the ability of Siler City to produce 200mm silicon carbide wafers to supply Wolfspeed’s Mohawk Valley Fab. Thanks to Senate Majority Leader Schumer, this CHIPs announcement accelerates hiring towards Wolfspeed’s job target of over 600 employees and increases production capacity at the Marcy Nanocenter. This was a true collaboration across local, county, State, and Federal officials along with the leadership of Wolfspeed to make the dream of recreating American made manufacturing a reality right here in Oneida County.”

    Last week, Schumer announced Edwards Vacuum reached a $18 million CHIPS PMT to build its new $300+ million dry pump manufacturing facility for the semiconductor industry, the first of its kind for America, in Western NY. Earlier this year, Schumer also announced that Micron, which plans to invest $100 billion over the next two decades – the largest private investment in New York’ s history – reached a $6.1 billion CHIPS PMT funding agreement. In addition, GlobalFoundries in the Capital Region also reached an agreement for $1.5 billion in direct grant funding under his CHIPS & Science Law to support a $12.5 billion public-private investment over the next ten plus years to expand and construct a second, new state-of-the-art computer chip factory in Malta, NY. 

    Schumer added, “The CHIPS & Science Law keeps helping grow the booming semiconductor industry in Upstate NY. We are seeing more targeted federal investment than ever before to bring back manufacturing, and awards like this show how the I-90 corridor from Buffalo to Syracuse to Utica to Albany truly is becoming America’s semiconductor superhighway.”

    Schumer has long worked to position the Mohawk Valley for semiconductor investment. In addition to his efforts on further recruiting chip suppliers to Marcy Nanocenter, Schumer secured $2 million in U.S. DOL funding for the Workforce Development Board of Herkimer, Madison and Oneida Counties and Mohawk Valley Community College (MVCC) to boost technical training to support the expansion and attraction of the semiconductor industry. Schumer also secured $2 million for MVCC to create a new state-of-the-art semiconductor and advanced manufacturing training center.

    Schumer is also actively working with Mohawk Valley EDGE to help lure additional semiconductor and supply chain companies to Marcy Nanocenter which will get a further boost from Wolfspeed and Micron’s expansions in the region.

    Schumer said, “Marcy Nanocenter is one of the most shovel-ready sites in the whole country and with this investment helping to strengthen Wolfspeed and with Micron rapidly establishing itself in the broader region, I am going all out to land more companies to make the Mohawk Valley a central component of bringing semiconductor manufacturing back to America.”

    Thanks to Schumer’s CHIPS & Science Law, Upstate New York has seen a major revival in tech manufacturing. Micron has announced plans for a historic $100+ billion investment to build a cutting-edge memory fab in Central New York. GlobalFoundries plans to invest over $12 billion to expand and construct a second, new state-of-the-art computer chip factory in the Capital Region. TTM Technologies, a printed circuit board manufacturer, plans to invest up to $130 million to expand their facilities in Onondaga County, creating up to 400 good-paying jobs. Menlo Micro will invest $150 million to build their microchip switch manufacturing facility in Tompkins County, creating over 100 new good-paying jobs. In addition, Upstate New York is home to semiconductor supply chain companies like Corning Incorporated, which manufactures glass critical to the microchip industry at its Canton and Fairport, NY plants. Edwards Vacuum is also moving forward with a $300+ million investment to build a dry pump manufacturing facility in Western New York, creating 600 good-paying jobs to support the growing chip industry in Upstate New York and across the nation.

    The PMT outlines key terms for Wolfspeed’s CHIPS agreement. To finalize the federal CHIPS agreement, the Commerce Department will now begin a comprehensive due diligence process on the proposed project and other information contained in the application. After satisfactory completion of the due diligence phase, the Commerce Department will finalize the PMT.

    MIL OSI USA News –

    January 23, 2025
  • MIL-OSI Security: Deer Lake — Deer Lake RCMP investigates shed fire, human remains located inside

    Source: Royal Canadian Mounted Police

    Deer Lake RCMP is investigating human remains that were found inside a burned shed on a residential property in Deer Lake on October 13, 2024.

    At approximately 12:30 p.m. on Sunday, police received a report of a shed fire on a residential property on Middle Road in Deer Lake. An occupant of the home was unaccounted for and was believed to be inside the shed. Firefighters extinguished the blaze. Male human remains were located inside the shed.

    A Fire Scene Investigator with the Fire Services Division of Justice and Public Safety attended the scene and the Office of the Chief Medical Examiner is engaged. The investigation is continuing.

    Deer Lake RCMP asks residents in the area to check for possible surveillance footage around the time of the fire and to report any information to the detachment at 709-635-2173. To remain anonymous, contact Crime Stoppers: #SayItHere 1-800-222-TIPS (8477), visit http://www.nlcrimestoppers.com or use the P3Tips app.

    MIL Security OSI –

    January 23, 2025
  • MIL-OSI Security: IMPD Sergeant Facing Federal Charges for Possession and Distribution of Child Sexual Abuse Material

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

    INDIANAPOLIS—A federal grand jury has returned an indictment charging Indianapolis Metropolitan Police Department Sergeant, Javed Richards, 42, with five counts of distribution of child sexual abuse material and one count of possession of child sexual abuse material. Richards had his initial appearance in federal court on October 10th.

    According to the indictment, on July 14, 2024, Richards allegedly distributed at least five videos of minors under the age of 12 engaged in sexually explicit conduct to other individuals via the Kik messenger application. Richards is further charged with possessing numerous images and videos of child sex abuse material on his iCloud account.

    IMPD announced it has suspended Sergeant Richards pending a recommendation of termination to the IMPD Civilian Police Merit Board.

    The FBI and Indiana Internet Crimes Against Children Task Force is investigating this case, with cooperation from the Indianapolis Metropolitan Police Department. If convicted, Richards faces up to 20 years in federal prison.

    U.S. Attorney Myers thanked Assistant U.S. Attorney Tiffany J. Preston, who is prosecuting this case.

    This investigation was conducted by the FBI which is part of the Indiana Internet Crimes Against Children (ICAC) Task Force, a multiagency task force led by the Indiana State Police that investigates and prosecutes persons who use the internet to sexually exploit or entice children. Each year, Indiana ICAC investigators evaluate thousands of tips, investigate hundreds of cases, and rescue dozens of children from ongoing sexual abuse. Visit https://www.internetcrimesagainstkids.com to learn more about their efforts.

    This case was brought as part of Project Safe Childhood, a nationwide initiative launched in May 2006 by the Department of Justice to combat the growing epidemic of child sexual exploitation and abuse. Led by U.S. Attorneys’ Offices and the Child Exploitation and Obscenity Section, Project Safe Childhood marshals federal, state, and local resources to better locate, apprehend and prosecute individuals who exploit children via the internet, as well as to identify and rescue victims.

    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 –

    January 23, 2025
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