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Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information

NEW YORK, April 11, 2025 /PRNewswire/ — Paranovus Entertainment Technology Limited (“PAVS” or the “Company”), (NASDAQ: PAVS) announced today that it has received a letter from the Nasdaq Stock Market LLC (“Nasdaq”), dated April 9, 2025 (the “Deficiency Letter”), notifying the Company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(2) because it did not timely file its Form 6-K (the “Filing”) for the period ended September 30, 2024, reporting interim financial information for the six-month period there ended.

In accordance with Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Deficiency Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the “Compliance Plan”). If Nasdaq accepts the Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the Filing’s due date, or until September 29, 2025, to regain compliance. The Company intends either to file the required Filing or submit the Compliance Plan within the prescribed 60-day period.

The Deficiency Letter has no immediate impact on the listing of the Company’s Class A ordinary shares on the Nasdaq Capital Market.

This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.

About Paranovus Entertainment Technology Limited

Paranovus Entertainment Technology Ltd. focuses on the development of AI-powered entertainment products, including AI-driven games and applications, as well as TikTok-related e-commerce solutions through its subsidiary. The Company is committed to delivering immersive and engaging experiences through innovative AI and digital commerce platforms.

In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a New York company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024.

For more information on our latest innovations and developments, visit https://www.pavs.ai/.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:  the Company’s goals and strategies; the Company’s future business development; the Company’s future acquisition opportunities; the Company’s ability to identify any acquisition opportunities that fit with our business strategies; the Company’s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission.  For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Health In Tech Announces Appointment of Sanjay Shrestha to Board of Directors

STUART, Fla., April 11, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, is pleased to announce the appointment of a new independent director, Sanjay Shrestha, to the Company’s Board of Directors (the “Board”). Mr. Shrestha will serve as a member of the Audit Committee, Compensation Committee and the Nominating and Corporate Governance Committee of the Board.

“We are pleased to welcome Sanjay Shrestha to our Board of Directors,” said Tim Johnson, Chairman & CEO of Health In Tech. “Sanjay brings a wealth of experience leading growth strategies in the energy and technology sectors. His leadership in scaling platform businesses and deep understanding of emerging technologies will provide valuable perspective as the Board continues to support Health In Tech’s vision to remove friction from the U.S. healthcare system through vertical integration, automation, and digital innovation.”

Mr. Shrestha currently serves as President of Plug Power, having joined the company in 2019 as Chief Strategy Officer. He has played a pivotal role in driving growth and expanding value for both customers and shareholders as Plug advances its leadership in the green hydrogen economy. As General Manager, he significantly broadened the company’s product portfolio and built out the Energy business to deliver end-to-end solutions—including electrolyzers, liquefiers, and cryogenic systems—while overseeing the development of Plug’s hydrogen production facilities.

Earlier in his career, Mr. Shrestha spent seven years as Global Head of Renewables Research at Lazard Capital Markets, where he was named to the Institutional Investor All America Research team and ranked among the top five global stock pickers. Prior to that, he built the renewables and industrial research practice at First Albany Capital, where he earned recognition as the No.1 stock picker and earnings estimator by StarMine and Forbes Magazine. He currently serves as an independent director on the board of Fusemachines, an AI company, and holds an Honorary Doctorate from Saint Rose College.

Use of ForwardLooking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Investor Contact

Investor Relations:
ir@healthintech.com

Heng Ren Partners Calls on Sinovac to Disclose the Record and Payment Dates of the Special Dividend and Distribute an Additional Dividend of $41 per Share

BOSTON, April 11, 2025 /PRNewswire/ — Sinovac Biotech Ltd. (NASDAQ: SVA) shareholder Heng Ren Partners, LLC sent a letter on April 8, 2025, to Sinovac’s Board calling on the Board to disclose the record and payment dates of the special cash dividend announced on April 1, 2025.  More than a week after the dividend announcement, these simple and essential details oddly remain undisclosed.  Heng Ren previously sent the Board a letter on March 19, and received no response.  The April 8 letter urges Sinovac to pay an additional dividend of $41 per share, which would pay shareholders a total of $96 per share and leave Sinovac with more than $1.3 billion net cash on hand – an amount more than sufficient for Sinovac’s operating needs.  Heng Ren encourages like-minded shareholders to visit https://www.hengreninvestment.com/sinovac-fairness/ and contact Sinovac directly.

The full text of the letter follows:

April 8, 2025

Dear Board of Directors:

I write on behalf of Heng Ren regarding our March 19, 2025 Shareholder Demand for Cash Distribution and Inspection of Books and Records (the “Shareholder Demand“) and the Company’s press release dated April 1, 2025 (the “Press Release“), in which the Board announced a special cash dividend of US$55.00 per common share (the “Dividend“).1  Specifically, the Press Release stated that the Board expects to “fund the Dividend from available cash resources of the Company and its subsidiaries, including prior distributions from Sinovac Life Sciences Co., Ltd. and other operating subsidiaries of the Company.”  Heng Ren also notes that the Board announced that the “Dividend is intended to provide [Company] shareholders with their appropriate share of these prior distributions from the Company’s subsidiaries.”

Heng Ren is encouraged that the Board has announced the Dividend, which is consistent with its fiduciary obligations to allow shareholders finally to receive some benefit of their investment in Sinovac.  But more is required.  In order to increase transparency and trust, and ensure that Sinovac shareholders receive the benefit of their investment, the Board must immediately disclose the exact timing of the record and payment dates, and mechanics for the payment of the announced Dividend. This disclosure is especially critical given that shareholders still are unable to trade their shares due to the continued trading halt on the Nasdaq. The Board should also provide an update this week on the status of the resumption of trading of Sinovac’s stock as it is of critical importance to all shareholders. 

Furthermore, even after paying the Dividend, the Company still will be holding more than $6.3 billion in net cash and cash equivalents.  We see no rational business reason for the Company to continue to sit on that much cash.  The time to distribute the cash is now.  Therefore, the Board must not only cause the Company to pay the Dividend, but also cause the Company to pay an additional special dividend of $41 per share.  Such a dividend payment would leave the Company with more than $1.3 billion net cash on hand, an amount well above its operating needs. 

The issue of excess cash and its distribution is not only a matter of interest to shareholders like us. It also is of interest to the U.S. Securities and Exchange Commission (SEC).  As Heng Ren referenced in its letter dated March 19, 2025, in the correspondence from the SEC’s Division of Corporate Finance to Sinovac dated June 26, 2023, the SEC specifically asked the Company to describe “any restrictions and limitations on [its] ability to distribute earnings from the [C]ompany . . . to U.S. investors.”  In response, Sinovac did not identify any limitations on its ability to make distributions to investors, but simply stated it had no intention of distributing dividends in the near future.  At that time, the Company was sitting on more than $10.0 billion in net cash or cash equivalents.  This action (or inaction) precluded Sinovac’s shareholders from benefiting from the billions of dollars in cash that their investment had created.

Without a clear timeline on the payment of the announced $55 cash dividend, and Sinovac’s problem of excess cash still unaddressed, from a shareholders’ perspective the situation hasn’t changed since 2023 when the SEC sent its inquiry to Sinovac.

As demonstrated by the Company’s June 30, 2024 financial report, Sinovac’s cash on hand – without any revenue or operating cash flow, and after distribution of the $55 cash dividend –would finance nearly nine years of capital expenditures.

Sinovac can responsibly distribute not only the $55 cash dividend, but an additional special dividend of $41 per share.  The board and shareholders all should be aligned and in agreement for the distributions. These distributions pale in comparison to the opportunity cost of Sinovac’s shares being halted from trading when the Company’s value peaked in 2021. Long-oppressed shareholders now are entitled to receive this cash.

Heng Ren reiterates its previous demand to inspect and to make copies or extracts from, the books and records set forth in Section II.C (Parts 1-9) of its Shareholder Demand.

About Heng Ren:

Heng Ren Partners is a Boston-based asset management firm investing in Chinese companies.  Ropes & Gray LLP is serving as its legal counsel.


     Any shareholder may obtain additional information or contact Heng Ren     

at https://www.hengreninvestment.com and click “Sinovac Fairness.”

1 Capitalized terms undefined herein shall have the same meanings ascribed to them in the Shareholder Demand.

DANY GARCIA ANNOUNCES THE LAUNCH OF DANIMÁS: A NEW MEDIA COMPANY CELEBRATING THE AMBITIOUS TRAILBLAZER

NEW YORK, April 11, 2025 /PRNewswire/ — Dany Garcia, Chairwoman & CEO of The Garcia Companies, announces the launch of Danimás, an innovative media company and community built for the modern Trailblazer. Designed to inspire individuals who embody the “Athlete of Life™” mindset, Danimás celebrates ambition and the journey, through the triumphs and defeats, for the pursuit of greatness in every facet of life.  

Backed by original research Garcia personally funded—which revealed that 65% of women feel underrepresented in media—Danimás will be home to dynamic content, first-person narratives, original programming, and cultural storytelling that shifts perspective and breaks boundaries.

Danimás is more than just a media platform — it’s a movement and a mindset. At its core, it’s a digital space that connects individuals who embrace strength as a lifestyle choice, extending beyond the gym and into their personal, professional, and creative pursuits. As a brand, it seeks to serve as a cultural touchpoint, highlighting individuals who are redefining industries — from leading entrepreneurs and athletes to creative visionaries and fashion innovators.

“The Trailblazer represents a new archetype — glamorous, bold, and unapologetic. Strength training is the great unlock to harnessing her innate power; She embraces her strength, allowing it to reverberate and leave a lasting impact on herself and others,” says Garcia. “Danimás is where these individuals can find a community that fuels their ambitions and inspires their journeys.”

Garcia, a professional bodybuilder, lifelong athlete, and accomplished entrepreneur who oversees a diversified portfolio of companies that span entertainment, media, fashion, sports, health, wellness, and consumer goods, brings a unique blend of business acumen and physical discipline to this groundbreaking initiative. Over the past decade, Garcia has played a pivotal role in producing culturally significant and commercially successful projects, including HBO’s five-time-Emmy-nominated Ballers and blockbuster films such as Sony’s globally beloved Jumanji franchise, Disney’s Jungle Cruise and upcoming Live Action Moana, Netflix’s Red Notice, Amazon’s Red One, among others.

Garcia has appointed Liz Edmiston as Co-CEO of the Fashion Division at The Garcia Companies, where she will spearhead the development of Danimás. A dynamic and seasoned global retail leader, Edmiston most recently served as CEO of Lane Bryant, where she revitalized and modernized the beloved fashion brand, and as President and CEO of Groupe Dynamite Inc., in Montreal, guiding the company through a digital evolution and shaping its strategic growth trajectory.  As Chief Brand Officer of Calvin Klein, she oversaw the Asia Pacific region based in Hong Kong, transforming it from a licensed model to a fully owned and operated retail business with over 2600 stores. She has also held senior executive positions for companies such as Gap, Inc., Ralph Lauren, Tory Burch, and Victoria’s Secret.

“Liz is a powerhouse — she understands how to build brands that move culture,” said Garcia. “Her proven ability to lead with discipline, resonate with consumers, and execute at scale make her the perfect partner to bring Danimás to life.”

“Danimás is an exciting new concept,” said Edmiston. “It’s a brand built on strength and intention — where training meets style, and where creativity is expressed through every detail. This isn’t just about a new content platform or fashion focused company, it’s about building a community of power women who are interested in business, sports, fashion and culture and are intent on getting the most out of life.”

For the launch, Danimás has partnered with Frosty, a premier global creative agency, and branding specialist Studio Alistair Gibbs to shape the brand’s identity and visual narrative, culminating in a striking debut campaign.  Shot in London by renowned photographer Amber Pinkerton, the campaign, which showcases the first visual world of Danimás, merges power, training, strength, and glamour in a visually arresting and thought-provoking manner.

Danimás Debuts Online 
Danimás will launch digitally on www.danimas.com with an expansive range of editorial content, visuals and storytelling.The brand will also maintain an active presence on Instagram and LinkedIn starting April 10, 2025, offering exclusive content and updates that reflect its community-first approach.  A newsletter will be rolled out later this month to subscribers.

The company has partnered with Studio K&J and Sweden Unlimited on the website launch, with In*houseco Inc, managing creative execution across all platforms.

The Executive Team
Danimás boasts an impressive leadership team that blends diverse expertise from across industries. The team includes:

  • Giuseppe Cielo, former CFO at Khaite – Chief Financial Officer
  • Amy Madigan, former VP, Operations at GSTQ – Chief of Staff
  • Erin Lardy, Chief Content Officer of The Garcia Companies – Interim Chief Editorial Director
  • Lynn Ambrose, former Head of Talent for The RealReal – Human Resources Advisor.

Shanna Goldstone and Jason Cauchi of Pari Passu New York, and SAGO, have been retained to conduct consumer research. Ave Advisory has been retained for executive marketing strategy.

Karen Harvey Consulting Group is leading executive search and supporting brand development and strategic initiatives. 

For more information and media inquiries, please contact:  
Press Inquiries: info@danimas.com

Visual from Danimás brand launch, merging power, training, strength, and glamour for the modern Trailblazer.
Visual from Danimás brand launch, merging power, training, strength, and glamour for the modern Trailblazer.

Logo – https://laotiantimes.com/wp-content/uploads/2025/04/danimas_logo.jpg
Photo – https://laotiantimes.com/wp-content/uploads/2025/04/danimas_ip_image.jpg

Laboratory Services Cooperative Notifies Individuals of Security Incident

SEATTLE, April 11, 2025 /PRNewswire/ — Laboratory Services Cooperative (LSC), a non-profit organization based in Seattle, Washington, is encouraging individuals to take precautionary measures to protect their information following a security incident.

LSC provides lab testing services to select Planned Parenthood centers. If you, or someone whose healthcare bills you pay for, visited one of these centers and had lab tests done or were referred for lab tests, your information might be part of this incident.

Please be advised that this incident did not involve all Planned Parenthood centers. It specifically may have impacted only those centers that received lab testing services from LSC. It is important to note that LSC began providing services to these centers at different times, with some partnerships starting as recently as the past few years. For a list of states where LSC partners with Planned Parenthood centers, individuals can visit the FAQ section of LSC’s website notice available at https://www.LSCIncidentSupport.com.

On October 27, 2024, LSC identified suspicious activity within its network. In response, LSC immediately engaged third-party cybersecurity specialists to determine the nature and scope of the incident and notified federal law enforcement. The investigation revealed that an unauthorized third party gained access to portions of LSC’s network and accessed/removed certain files belonging to LSC.

LSC promptly initiated a review and engaged a third-party vendor to help identify whose information may be potentially involved and to what extent.

In February 2025, LSC received the initial results of the data review, revealing that certain LSC patient and worker-related data might be affected.

The specific information involved is not the same for everyone. It depends on the individual’s relationship with LSC but may include contact details such as name, address, phone number, and email, along with one or more of the following categories:

  • Medical/Clinical Information: This may include information such as date(s) of service, diagnoses, treatment, medical record number, lab results, patient/accession number, provider name, treatment location, and related-care details.
  • Health Insurance Information: This may encompass plan name, plan type, insurance companies, and member/group ID numbers.
  • Billing, Claims, and Payment Data: This could involve claim numbers, billing details, bank account details (including bank name, account number, and routing number), billing codes, payment card details, balance details, and similar banking and financial information.
  • Additional Identifiers: This may include Social Security Number, driver’s license or state ID number, passport number, date of birth, demographic data, student ID number, and other forms of government identifiers.

For LSC workers, the information involved may also include details about their dependents or beneficiaries if that information was provided to LSC.

The confidentiality, privacy, and security of information maintained by LSC remains its top priority. As a precaution, LSC has hired third-party cybersecurity specialists to monitor the dark web for any information that may have been accessed or taken without authorization during this incident. The dark web is a hidden part of the internet where unauthorized activities and data exchanges often happen.

The cybersecurity specialists hired by LSC are using tools and techniques to scan various dark web forums, marketplaces, and other platforms. As of this writing, they have not found any evidence that information involved in this incident is on the dark web.

LSC has set up a website to help individuals learn more about the incident and to provide resources to protect their information. These resources include free credit monitoring and medical identity protection services through CyEx Medical Shield Complete. To learn more or to sign up for these services, please visit https://www.LSCIncidentSupport.com. Any updates regarding the incident will be posted on https://www.LSCIncidentSupport.com, so individuals are encouraged to visit it periodically.

LSC has also established a dedicated call center for individuals to call with any questions or concerns. The toll-free call center can be reached at 1-855-549-2662, available Monday through Friday from 9:00 AM to 9:00 PM ET.

Individuos pueden obtener información relacionada con este incidente en español llamando al centro de llamadas gratuito exclusivo de LSC al 1-855-549-2662.

Sinch Named an Essential App for HubSpot

Partnership highlights Sinch’s success bringing easy-to-use conversations inbox to business messaging

STOCKHOLM and BOSTON, April 11, 2025 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Digital Customer Communications Cloud, has been recognized an Essential App for HubSpot. The announcement strengthens the strategic partnership between the two companies and coincides with the launch of HubSpot’s new Custom Channels API, which allows businesses to integrate communication channels from trusted partners like Sinch directly into the HubSpot Conversations Inbox.

This milestone reflects Sinch’s ongoing commitment to co-innovation, making it easier for businesses to reach and engage customers in more personalized, efficient, and impactful ways. As a launch partner for the Custom Channels API, Sinch now enables customers to seamlessly manage RCS, SMS and MMS communications alongside email, chat, and social messaging – all in one unified inbox.

“It’s a testament to our focus on bringing the best communications tools to businesses using HubSpot,” said Chris Thompson, VP, Ecosystems at Sinch. “Our product and partner teams have worked closely with HubSpot to create an inbox environment that meets the needs of today’s businesses. The partnership we have with HubSpot has led to opportunities like this, and we’re proud to play a key role in shaping the future of customer engagement.”

With the new integration, businesses can now track, manage, and respond to text messages within HubSpot’s Conversations Inbox, offering teams a single, organized location for all customer communications. This level of visibility and centralization improves internal collaboration and drives more responsive, personalized experiences.

“By supporting this integration, we’re helping businesses keep track of their communications for even better customer engagement,” Thompson added. “We’re excited to strengthen our partnership with HubSpot and continue delivering exceptional messaging experiences that empower businesses worldwide.”

Sinch believes in helping businesses build real connections with their customers, directly from the platforms they know and use every day, like HubSpot. Being named an Essential App reflects the long-standing relationship between Sinch and HubSpot, which is built on shared values of customer-first innovation and trusted collaboration. This recognition also highlights Sinch’s mobile messaging expertise and the vital role it plays in expanding and enriching the HubSpot ecosystem.

For more information about Sinch’s SMS & MMS integration with HubSpot visit https://sinch.com/integrations/hubspot/

CONTACT:
For more information please contact:  
Janet Lennon, Director of Global PR & Communications  
janet.lennon@sinch.com |1.206.914.6175 

This information was brought to you by Cision http://news.cision.com

The following files are available for download:

New Secretariat Report Maps Rising Financial and Economic Crime Risks in 177 Countries

New research tracks evolving financial and economic crime risks, unveils the Secretariat Economic Crime Index (SECI), and highlights key trends shaping 2025 and beyond

ATLANTA and DUBAI, April 10, 2025 /PRNewswire/ — Secretariat, the leading global legal, risk, and regulatory advisory firm, has released its inaugural Global Financial and Economic Crime Outlook 2025, providing a comprehensive analysis of financial and economic crime threats worldwide. The report maps jurisdictional risks, assesses emerging crime trends, and introduces the Secretariat Economic Crime Index (SECI)—a groundbreaking new country-by-country risk assessment measuring financial and economic crime factors impacting business viability.

Bhavin Shah - Managing Director - Secretariat
Bhavin Shah – Managing Director – Secretariat

Financial crime remains an alarming global concern, with illicit financial flows projected to surge between USD 4.5 trillion to USD 6 trillion by 2030, according to Secretariat estimates. Money laundering, fraud, bribery, and market abuse continue to evolve and become more sophisticated, fueled by shifting geopolitical and regulatory priorities, rapid advancements in virtual assets, decentralized finance (DeFi), artificial intelligence (AI), and machine learning.

“The financial crime landscape is shifting at an unprecedented pace,” says Secretariat Managing Director Bhavin Shah. “Our report equips organizations with the intelligence they need to navigate these complex risks, anticipate threats, and implement proactive safeguards.”

Key Findings of the Report

  • The Rise of AI-Driven Fraud: The use of AI in financial crime is accelerating, with deepfake fraud, automated money laundering, and AI-powered identity theft posing growing threats.
  • Virtual Asset Risks: Cryptocurrencies and DeFi platforms continue to be exploited for illicit transactions, underscoring the urgent need for stronger global regulatory oversight.
  • Convergence of Sanctions and AML/CFT Governance: Sanctions and AML regimes are increasingly integrated, with regulators leveraging shared compliance pillars and geopolitical intelligence to disrupt illicit networks and enhance global financial crime enforcement.
  • Cross-Border Data Sharing is Critical: In an era of evolving compliance challenges, enhanced global cooperation and real-time monitoring are essential to combat financial crime effectively.

Mapping Global Risk with the SECI Index

At the core of the report is the Secretariat Economic Crime Index (SECI), a proprietary tool that analyzes financial and economic crime risks across 177 countries. The SECI score (ranging from 0 to 4) integrates Secretariat’s expert analysis with data from three established global benchmarks: the Basel AML Index, the Corruption Perceptions Index, and the Organized Crime Index. Countries are categorized into four distinct risk tiers:

  • Transparent Titans: 19 countries, with scores ranging from 0 to 1.53
    These nations lead in financial crime prevention, with strong enforcement and transparency.
    The top five countries include: Finland, Denmark, Iceland, Luxembourg, and Estonia.
  • Vigilant Players: 64 countries, with scores ranging from 1.54 to 2.18
    Actively strengthening their regulatory frameworks, these countries continuously evolve to combat financial crime. The top five countries include: Netherlands, Austria, Seychelles, Israel, and Latvia
  • Reactive Reformers: 78 countries, with scores ranging from 2.19 to 2.83
    Weak enforcement, regulatory gaps, and prevalent high-risk activities hinder these nations’ ability to combat financial crime. The top five countries include: Ghana, Gambia, Malawi, Serbia, Bosnia and Herzegovina.
  • Regulatory Laggards: 16 countries, with scores ranging from 2.84 to 4.00
    Characterized by entrenched corruption and systemic financial crime, these nations struggle with illicit financial flows that are deeply embedded in their economies, making enforcement efforts largely ineffective. The bottom five countries include: The Democratic Republic of Congo, Venezuela, Afghanistan, South Sudan, and Myanmar.

2025 and Beyond: The Future of Financial and Economic Crime Prevention

The report outlines ten major financial and economic crime trends shaping the next decade, including:

  • Disruptive AI technology and deepfake frauds
  • Virtual asset risks
  • Real-time transaction monitoring
  • Regulatory technology integration
  • Behavioral biometrics for fraud prevention and detection
  • Proliferation financing
  • Convergence of sanctions and AML/CFT governance
  • Rise of white-collar frauds and external threats
  • Cross-border data sharing
  • Rise of ESG compliance in financial crime risk management

As financial and economic crime becomes more sophisticated, regulators, financial institutions, and corporations must adopt data-driven, technology-enabled strategies to safeguard the global financial system.

“We’re entering a new era where rules are being redefined in real time, not only due to technological disruption, but also because the global economy is fragmenting, legal systems are retrenching, and global norms are being rewritten,” says Shah. “Alongside these shifts, rising tariffs are creating new vulnerabilities. This environment gives criminal networks new opportunities to adapt, exploit weaknesses, and outpace regulators, reinforcing the need for more agile enforcement strategies.”

“In a rapidly shifting compliance landscape, organizations must move beyond traditional risk assessments,” notes Secretariat Managing Director Ralph Stobwasser. “The SECI index and our in-depth country analysis brings clarity to jurisdictional vulnerabilities and emerging crime trends. Prevention is key, but readiness is vital. Institutions must react, respond, and remediate to minimize impact, restore trust, and ensure resilience. At the same time, we must recognize that protectionist tariffs, while aimed at safeguarding domestic industries, can unintentionally fuel the shadow economy. Distorted market prices create opportunities for smuggling and trade-based money laundering, particularly where enforcement is weak. These dynamics allow criminal networks not just to avoid tariffs, but to fund broader illicit operations under the radar.”

The Secretariat Global Financial and Economic Crime Outlook will publish annually, establishing itself as a trusted resource and barometer for international business activity.

Download a full copy of the report.

About Secretariat

Secretariat experts are trusted in the highest-stakes legal, risk, and regulatory matters around the world. Renowned law firms, leading corporations, and respected governmental entities turn to our more than 600 disputes, investigations, economic, engineering, and data advisory experts when the stakes are high – supporting them with meticulous preparation, insightful analysis, and clearly persuasive communications. Our bright minds and passionate problem-solvers put their financial, analytical, and strategic insights to work in the fast-paced sectors we serve – from construction and energy to healthcare, technology, and natural resources. Quality, integrity, and independence are woven into every aspect of our work. But, most importantly, when success is on the line, our globally integrated teams thrive on working through the most daunting problems in ways that remove uncertainty and instill confidence. Learn more at www.secretariat-intl.com.

Ralph Stobwasser - Managing Director - Secretariat
Ralph Stobwasser – Managing Director – Secretariat

 

PDF – https://mma.prnewswire.com/media/2662069/Secretariat_Global_Financial_and_Economic_Crime_Outlook_2025_Map.pdf?p=original

Beyond Size, Beyond Speed: Baseus Unveils Ultra-Slim, Ultra-Small PicoGo Wireless Charging Solutions

LAS VEGAS, April 11, 2025 /PRNewswire/ — Baseus is excited to announce a range of new products to add to its thriving PicoGo Series – a unique collection of charging devices and accessories built to make your life easier with fast charging power and assured convenience. These ultra-thin newcomers promise to deliver compact power that redefine simplicity wherever life takes you.

PicoGo Card-Sized Magnetic Power Bank
PicoGo Card-Sized Magnetic Power Bank

While the PicoGo Ultra-Slim Power Banks are similar in many ways, each device also promises to deliver unique charging capabilities that redefine simplicity wherever life takes you. Now, let’s take a look at some of the main highlights of the latest additions to the Baseus PicoGo lineup.

Baseus PicoGo Card-Sized Magnetic Power Bank Series: Main Shared Features

Ultra-Slim and Portable: The PicoGo AM41 Ultra-Slim Power Bank (5000mAh) is just 0.3 inches thin and can seamlessly fit into your wallet like a credit card – allowing you to carry it everywhere you go. Additionally, the PicoGo AM31 Ultra Mini Power Bank with Kickstand (5000mAh) makes its mark as the world’s smallest Qi2-certified wireless power bank with a kickstand, ensuring effortless portability. While slightly larger than the others in the series, the PicoGo Qi2 AM41 Magnetic Power Bank (10,000mAh) remains impressively slim compared to similar products and also provides Qi2 fast wireless charging.

Triple-Cooling System for Safer Charging: Every PicoGo Ultra-Slim Power Bank in this series features a built-in aluminum alloy cooling system that ensures 98% heat dissipation efficiency. Each device is also equipped with an AI monitoring chip to track its temperature 18,000 times per hour to ensure consistently cooling and optimal safety. Graphene technology further expands each power bank’s heat dissipation over a 5,119 mm² surface area, to prevent overheating.

USB-C Dual Fast Wired Charging: Always be prepared and seamlessly charge two devices at the same time with the durable braided USB-C cable and additional port fitted onto each PicoGo Power Bank. The PicoGo AM41 Ultra-Slim Power Bank (5000mAh) and AM31 Ultra Mini Qi2 (5000mAh) models both provide 20W USB-C fast charging, while the PicoGo AM41 Magnetic Qi2 Power Bank (10,000mAh) uses 27W USB-C fast charging for even faster power delivery.

Snap-to-Charge Magnetic Wireless Charging: The PicoGo Ultra-Slim Power Bank range uses strong built-in magnets that allow each power bank to be securely attached to a device – even through a phone case – ensuring a stable and convenient charging experience.

Enhanced Grip and Comfort: Every PicoGo Ultra-Slim Power Bank comes draped in a sleek aluminum shell combined with a soft silicone finish for a premium feel. The ergonomic curved design of each device also enhances grip – making charging comfortable and effortless.

Unique Features in the PicoGo Card-Sized Magnetic Power Bank Range

15W Qi2 Certified Fast Wireless Charging: To stay ahead of the game, the PicoGo AM41 Ultra-Slim Magnetic Power Bank 10000mAh Qi2 features Qi2 charging for an elevated experience. With officially certified Qi2 (15W), your wireless charging speed is twice as fast as Qi (7.5W), your magnetic connection is stronger, and your battery’s performance is more optimized.

Built-in Kickstand and Qi2 Charging: On the other hand, the PicoGo AM31 Ultra Mini Power Bank Qi2 (5000mAh) is built for hands-free use with an innovative and convenient pop-up stand. This allows you to stream your favorite shows or scroll through your phone while it charges – offering both upright and side-view angles while also serving as a desktop stand. It also features Qi2 wireless charging for hands-free convenience and optimal charging efficiency.

The latest additions to the Baseus PicoGo Series promise to redefine simplicity with their peak performance capabilities, safer cooling mechanisms, and portable designs. Baseus welcomes you to a world where you’re in charge. With unrivaled power in an ultra-slim design, you can always stay charged, stay light, and stay connected.

Now available on Amazon, the PicoGo Card-Sized Magnetic Power Bank Series is launching with an exclusive promotion:

5000mAh version – Enjoy 25% off

10,000mAh version – Get 20% off

This limited-time offer makes it easier than ever to experience the perfect balance of power and portability.

The Kickstand version will also be available in Amazon in June.

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users’ problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products – including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users’ sense of fulfillment. Join the Baseus family today to see a new world of technological innovation.

Media Contact:
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Phone: +1 (213) 512-7063
Email: pr@baseus.com 
Baseus Technology (HK) Co., Ltd
Baseus Official Website: https://www.baseus.com/