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HX5 Encrypted explain how a simple check can stop a $240 Billion money laundering scandal

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HALIFAX, England, Nov. 27, 2023 /PRNewswire/ — Hx5 Encrypted build software to help businesses remain ethical and to protect their reputation. Andy Parr, the company’s, founder explains what checks HX5 do to stop money laundering.

“Money Launderers use a range of tactics to conceal the real source of their funds. It usually involves offshore companies and financial vehicles to feed the money through,” Andy said. 

The Tax Havens of the Caribbean are a popular place to hide wealth and the real beneficial owner of it. This is because while those places must adhere to international standards in place to stop money laundering, they rarely use them to do so. The Cayman Islands have never convicted a money launderer internationally and this is despite it being the sixth largest financial centre globally is an example of this at play.

The latest Crypto scandal, this time against Binance, is another classic example. Binance is registered in the Cayman Islands as a business. But it is not registered anywhere globally as an Asset Exchange. In the US the regulators have been chasing it out of the country to protect US citizens from losing their lifesavings. The US regulators have eventually caught up with Binance and fined them over $4 billion for facilitating money laundering on an industrial scale globally. They have also barred the CEO, Changpeng Zhao, from running the company and fined him personally $50 Million.

The lax way Binance have implemented (or not dependent on your viewpoint) money laundering controls has been an issue for some time. This lack of due diligence has resulted in terrorist organisations like Al Qaeda, ISIS and Hamas using the platform to move money globally as well as any number of criminals using it to ‘clean’ their money.

The question here is, why the US? Binance are registered in the Cayman Islands so why haven’t the Cayman Islands regulated it and punished the company themselves? And why have they allowed the company to register just as a business and not enforced them to also register as an asset exchange thereby forcing additional levels of scrutiny and standards on Binance? And finally, what action will they now take to sanction Binance bearing in mind it is in their backyard?

Andy says he isn’t holding his breath. “The Cayman Islands have a failed regulatory system. They don’t have the staff, the skills or the will to manage global finance and the Binance saga shines a light on this globally. They shouldn’t be allowed to operate within the highly regulated financial sector until they get their house in order to stop money laundering and tax evasion.”

HX5 Encrypted is building a software platform that will facilitate intelligence sharing between financial institutes to trace money transfers on both sides of the transaction. Andy says this will be a game changer for money launderers. “Our system is called Acrintel. Currently for a wire transfer the receiving bank only does three checks. Acrintel will complete nine and behind those checks is a huge level of data that ensures business and people are real – identified biometrically – and businesses are trading and operating properly something that wasn’t the case in  another scandal involving Danske bank.”

A single branch of Danske Bank moved $240 billion out of Russia and into the global financial sector by filtering it through 16 UK businesses that had other business beneficial owners in tax havens globally. The problem was the UK businesses were registered as dormant despite $20 million being moved daily through their accounts. Acrintel will spot that kind of activity and stop it. Acrintel will check the registration of the business and ask, why is it registered in the UK but trading with Russia, why is the bank branch in Estonia, why is the UK business shown as dormant and finally, why are they owned by offshore opaque entities?

“All of these things are a red flag for money laundering. A single red flag may mean little but a series like that is a huge signal that something isn’t right. Our software will alert the receiving bank and the transactions would be stopped,” Andy said.

“Acrintel will also spot Crypto exchanges facilitating bad actors to launder their assets because the real money moves in and out of traditional banks and when it does Acrintel will spot it.”

HX5 are currently searching for investment to help them build Acrintel as the second software solution to come out of the firm. The first is already trading internationally and is a whistleblowing software.

About HX5 Encrypted Ltd

HX5 Encrypted is incorporated in the UK and builds software for businesses. They are currently working on a risk intelligence platform to enable banks and other large financial institutes to share intelligence to prevent money laundering and tax evasion. They are seeking financial investment to bring that solution to the market. For more information about the company or their software contact Andy via the details below.

Contact:
Office@hx5encrypted.co.uk for more information
www.HX5Encrypted.co.uk

Video – https://mma.prnewswire.com/media/2285069/HX5_Encrypted_Ltd.mp4

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Think Together Welcomes Cobán López as Area Vice President

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Think Together appoints another key leader as it expands services and impact across California.

SANTA ANA, Calif., April 24, 2025 /PRNewswire/ — Think Together, California’s leading nonprofit provider of expanded learning, afterschool programs, staffing, and school improvement services, is pleased to announce the appointment of Cobán López as Area Vice President. In this role, López will oversee Think Together’s direct student programs, working to expand educational access for students from Santa Barbara County to Sacramento County and beyond.

As Area Vice President, López will be instrumental in advancing Think Together’s five-year strategic plan, which aims to double its footprint and increase the reach of expanded learning programs across California while scaling its impact. His leadership will focus on cultivating strategic partnerships, enhancing staff development and retention, and collaborating with school districts and community leaders to address educational disparities and make a lasting positive change on entire communities.

“We are thrilled to welcome Cobán López to Think Together,” said Randy Barth, Founder and CEO of Think Together. “His commitment to education and strong track record in program innovation make him a natural fit for this next phase of growth. Together, we’re building the systems and partnerships needed to scale our impact and ensure that more students have access to the support they need to succeed in school and beyond.”

López brings more than 20 years of experience in youth development and education leadership to Think Together. His deep-rooted passion for student enrichment stems from his own experiences, having benefited from dedicated mentors, teachers, and after-school programs throughout his academic journey.

Prior to joining Think Together, López served as the Director of Programs for the 49ers Foundation, leading its S.T.E.A.M. Education and Health and Wellness programs, which reached over 20,000 students annually across 14 Northern California counties. His previous leadership roles also include seven years at Cristo Rey San José Jesuit High School, where he played a key role in enrollment, community relations, athletics, and school business operations.

“My personal and professional connection to youth development has guided much of my career, and Think Together’s vision of ensuring all kids get a great education aligns closely with my own vision for improving access to quality education,” said López. “This role presents an exciting opportunity to build on Think Together’s success and develop programs that provide students with the resources and mentorship they need to reach their full potential.”

Raised in the Bay Area, López attended Redwood City public schools and St. Francis High School in Mountain View before earning a bachelor’s degree in public service and social change from San José State University and a Master of Business Administration from Notre Dame de Namur University.

For more information about Think Together and its expanded learning programs, visit thinktogether.org.

About Think Together
For over 25 years Think Together has partnered with schools and communities to pursue educational opportunity and excellence for all kids. As a nonprofit organization, Think Together innovates, implements, and scales academic solutions that change the odds for hundreds of thousands of California students each year. Think Together’s program areas include early learning, afterschool programs, staffing, and leadership development for teachers and school administrators. For more information, call (888) 485-THINK or visit www.thinktogether.org

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Upstream M&A sails to $17 billion in 1Q25

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But OPEC and tariff storm kick up rough seas for deals,
activity expected to sink

CALGARY, AB, April 24, 2025 /PRNewswire/ — Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS company that leverages generative AI across its solutions, is releasing its summary of 1Q2025 upstream M&A activity and outlook for the rest of the year. The M&A summary follows Enverus’ release of Investor Analytics, a new cutting-edge solution designed to offer investors a comprehensive view of key market dynamics.

Upstream M&A opened 2025 with $17 billion in deal value, the second-best start to a year since 2018. However, activity was disproportionately driven by one company, Diamondback Energy. Buyers were already feeling the pressure of limited acquisition opportunities and high asking prices for undeveloped drilling inventory.

“Upstream deal markets are heading into the most challenging conditions we have seen since the first half of 2020. High asset prices and limited opportunities are colliding with weakening crude,” said Andrew Dittmar, principal analyst at EIR. “Potential sellers are acutely aware of the scarcity of high-quality shale inventory, creating a reluctance to unload their assets at a discount. Buyers on the other hand were already stretched by M&A valuations and can’t afford to continue to pay recent prices now that oil prices are lower.”

Prior to OPEC and tariffs creating waves in oil markets, pricing for quality shale inventory was a perpetually rising tide. Diamondback set a record in the Permian Basin with its acquisition of Double Eagle IV. The private equity sponsored E&P was able to garner such a large premium for its land because high consolidation over the last few years has left few attractive private companies for the public E&Ps to target.

A potential bright spot for M&A is natural gas with significant interest in adding assets with access to Gulf Coast markets from multiple buyer groups, including international buyers and private capital. While near-term gas prices are also being challenged in the broad market selloff, future prices still look strong with a secular shift in demand from liquified natural gas export facilities and secondary demand from datacenters

Using Enverus newest AI tool, Investor Analytics, to summarize comments about M&A markets from management teams in recent earnings calls reveals companies were already concerned about the asking prices for deals and available opportunities.

“Volatility and lower prices make deals tough right now but will create opportunities for nimble buyers with a longer-term outlook,” said Dittmar.

View Enverus’ Top 5 deals and full announcement including extended commentary

About Enverus Intelligence Research
Enverus Intelligence ® | Research, Inc. (EIR) is a subsidiary of Enverus that publishes energy-sector research focused on the oil, natural gas, power and renewable industries. EIR publishes reports including asset and company valuations, resource assessments, technical evaluations and macro-economic forecasts; and helps make intelligent connections for energy industry participants, service companies and capital providers worldwide. EIR is registered with the U.S. Securities and Exchange Commission as a foreign investment adviser. Enverus is the most trusted, energy-dedicated SaaS company, with a platform built to create value from generative AI, offering real-time access to analytics, insights and benchmark cost and revenue data sourced from our partnerships to 95% of U.S. energy producers, and more than 40,000 suppliers. Learn more at Enverus.com.

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TIER IV and CMU partner to pioneer “Level 4+” autonomy through Safety21: Advancing beyond the limits of embodied AI

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TOKYO, April 24, 2025 /PRNewswire/ — TIER IV, the pioneering force behind the world’s first open-source software for autonomous driving, is proud to announce a strategic collaboration with Carnegie Mellon University (CMU), widely regarded as a birthplace of autonomous vehicles in 1984, to realize the new Level 4+ autonomy concept. Together, they aim to advance scalability, explainability, and safety through a hybrid architecture that combines data-centric AI approaches with the best practices in robotics, while also unlocking the potential of embodied AI to improve transparency and traceability in decision-making.

This collaboration is further strengthened through Safety21, the US Department of Transportation’s National University Transportation Center for Safety, led by CMU Professor Raj Rajkumar. TIER IV has joined Safety21’s Advisory Council, promoting the value of open-source software through Autoware*, which serves as the foundation for state-of-the-art research and development that addresses the trade-offs between safety and user experience in autonomous driving systems.

Background

Traditional Level 4 autonomy has been built on robotics methods such as probabilistic estimation and machine learning, relying on hand-crafted behavioral rules, predefined high-definition maps, and localized data sets to coordinate core functions such as sensing, localization, perception, planning, and control. Autoware originated from this architecture and has been successfully deployed in autonomous driving systems around the world.

The new Level 4+ autonomy concept, advocated through this collaboration, represents an intermediate step between SAE J3016 Level 4 and Level 5. It remains within the Level 4 classification in terms of human roles, but incorporates key aspects of Level 5 system features. As a result, the vehicle can operate under virtually all conditions by flexibly expanding its operational design domains (ODDs) to cover previously unencountered scenarios.

The Level 4+ system features do not require the human to take over dynamic driving tasks (DDT). However, they may leverage additional information provided from outside the system, as part of strategic functions, to dynamically respond to environmental changes within the target operational domain (TOD). Meanwhile, the system continues to control tactical and operational functions. In this framework, the system retains full responsibility for safety assurance, even when external strategic input influences its behavior. For example, a human may provide guidance that adjusts waypoint planning at runtime to help the system align its behavior with both the defined ODD and the TOD.

Emerging end-to-end AI models, a key variant of data-centric AI approaches, are promising for realizing Level 4+ autonomy, particularly when integrated with rule-based systems and human-in-the-loop strategies. However, they also present critical challenges, including high data requirements, limited explainability in decision-making, and difficulties in establishing robust safety assurance. Because it is often unclear how such models generalize learned behaviors or what influences their outputs, ensuring trustworthy real-world deployment remains a key hurdle.

Strategic collaboration scope

To realize Level 4+ autonomy, TIER IV and CMU will jointly develop next-generation Autoware-based autonomous driving systems, with a particular focus on advancing  scalability, explainability, and safety through a hybrid architecture that combines data-centric AI approaches, including refined end-to-end AI models, with the best practices in robotics.

The project will center on modularizing end-to-end AI models to coexist with state-of-the-art robotics methods and safety enforcement mechanisms. Key challenges include incorporating intermediate representations that expose internal reasoning processes, as well as establishing contextual awareness features that allow the system to transition into minimum risk maneuver (MRM) mode when faced with unexpected circumstances. As a whole, this hybrid architecture is designed to support more transparent and traceable embodied AI decision-making, while addressing practical deployment concerns such as system accountability, safety assessment, and regulatory compliance.

The collaboration is structured as a three-year initiative. In the first year, TIER IV and CMU will develop a reference vehicle powered by Autoware, with early deployments planned in both Tokyo and Pittsburgh. This vehicle will also serve as a platform for real-world data collection, closed-loop verification and validation, and on-road experimentation. Insights from this phase will be reflected back into Autoware and the broader open-source software community, accelerating innovation at CMU and across the global research and developer ecosystem

In the second and third years, the focus will shift toward developing a comprehensive safety enforcement mechanism for the hybrid architecture. This mechanism will support the safety assessment processes required for vehicle certification and public road approval, and will underpin scalability, explainability, and safety necessary for trustworthy real-world deployment of Autoware-based autonomous driving systems.

“This collaboration marks a major milestone in uniting the strengths of AI and robotics to build autonomous driving systems that are safer, more scalable, and more explainable,” said Shinpei Kato, founder and CEO of TIER IV. “Partnering with CMU enables us to further advance Autoware’s capabilities and deepen our contribution to the open-source software community, driving the future of mobility through collective innovation.”

“The integration of modular end-to-end AI models with traditional Level 4 systems represents a powerful advancement for the new Level 4+ autonomy concept,” said Raj Rajkumar, George Westinghouse Professor in the Department of Electrical and Computer Engineering at Carnegie Mellon University. “This collaboration offers a unique opportunity to deepen our understanding of AI in autonomous driving systems, ultimately enabling safer, more scalable, and more effective deployments.”

*Autoware is a registered trademark of the Autoware Foundation.

About TIER IV

TIER IV stands at the forefront of deep tech innovation, pioneering Autoware, the world’s first open-source software for autonomous driving. Harnessing Autoware, we build scalable platforms and deliver comprehensive solutions across software development, vehicle manufacturing, and service operations. As a founding member of the Autoware Foundation, we are committed to reshaping the future of intelligent vehicles with open-source software, enabling individuals and organizations to thrive in the evolving field of autonomous driving.

About Carnegie Mellon University

Carnegie Mellon University, based in Pittsburgh, Pennsylvania, USA, is a private, global research university and stands among the world’s most renowned educational institutions. It is considered to be a global leader in computer science, artificial intelligence, machine learning, robotics and drama, among other fields. The Tartan Racing team from Carnegie Mellon won the 2007 DARPA Urban Challenge that triggered the creation of today’s global autonomous vehicle industry.

About Safety21

Funded by the U.S. Department of Transportation as the National University Transportation Center for Safety and led by Carnegie Mellon University, a birthplace of automated vehicles, Safety21 actively seeks to enable and accelerate a safer, more efficient transportation network. By leveraging new technologies and revolutionary trends in transportation, Safety21 aims to research, develop and deploy cutting-edge technologies and policies, and develop workforce and educational programs that directly address the challenges of integrating autonomous, connected, electric and shared vehicles with a transformative focus on safety, innovation, and economic growth.

About Professor Raj Rajkumar

Raj Rajkumar is the George Westinghouse Professor in the Department of Electrical and Computer Engineering at Carnegie Mellon University where he directs the US DOT Safety21 National University Transportation Center and its Metro21 Smart Cities Institute.  He is considered to be a pioneer of connected and autonomous vehicle technologies.

Media Contact
pr@tier4.jp

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SOURCE Tier IV, Inc.

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