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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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Wondershare to Showcase AI-Powered Business Workflows with PDFelement at Microsoft AI Tour Hong Kong

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April 21, 2026

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HONG KONG, April 21, 2026 /PRNewswire/ — Wondershare, a global leader in productivity and creativity software, will participate in the Microsoft AI Tour Hong Kong on April 22, 2026, at the Grand Hyatt Hong Kong. At Booth E10, the company will showcase its AI-powered business workflow solutions across its product portfolio, highlighting Wondershare PDFelement as a key focus, and inviting attendees to experience how intelligent workflows can transform modern business operations.

As Microsoft’s flagship global AI event, the Microsoft AI Tour brings together industry leaders, partners, and innovators to explore how artificial intelligence is reshaping business landscapes. At the Hong Kong stop, Wondershare will highlight its deepening collaboration with Microsoft, showcasing how its product ecosystem works seamlessly within Microsoft’s AI and cloud technologies to enable more efficient, secure, and scalable workflows.

This collaboration comes at a pivotal time for Hong Kong’s rapidly evolving AI landscape. Hong Kong is rapidly emerging as a key AI innovation hub, driven by strong policy support and accelerating enterprise adoption. Despite this momentum, many organizations still face challenges such as fragmented AI adoption, integration complexity, and data security concerns. In collaboration with Microsoft, Wondershare addresses these challenges by enabling connected, end-to-end AI workflows that deliver practical and measurable productivity gains.

Under the theme “Streamline Workflows. Power Content with AI.”, Wondershare presents a unified approach to AI-driven productivity. At the center of this ecosystem is Wondershare PDFelement, enabling smarter and more efficient document workflows within enterprise environments and helping businesses adopt AI in practical, everyday scenarios. Supporting this vision, Wondershare’s broader product portfolio—including EdrawMax, EdrawMind, Filmora, and Reelmate—extends AI-powered capabilities across diagramming, mind mapping, video creation, and premium comic content creation, forming a connected, end-to-end workflow, all of which will also be showcased on-site at the event.

Through live, interactive demonstrations, attendees visiting Booth E10 will be able to explore Wondershare’s full product ecosystem and gain hands-on insight into how AI can enhance productivity across a wide range of business scenarios.

Wondershare warmly invites all participants to visit the booth and discover how AI-powered workflows can unlock new possibilities for business growth.

About Wondershare:

Wondershare is a globally recognized software company founded in 2003, known for its innovative solutions in creativity and productivity. Driven by the mission “Creativity Simplified”, Wondershare offers a range of tools, including PDFelement for document management; EdrawMax, EdrawMind for diagraming, Filmora and SelfyzAI for video editing. With over 2 billion cumulative active users across all products and a presence in over 200 countries and regions, Wondershare empowers the next generation of creators with intuitive software and trendy creative resources, continually expanding the possibilities of creativity worldwide.

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SOURCE Wondershare Technology

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Cohesity Appoints Nigel Lee as Technical Sales Leader, Asia Pacific and Japan (APJ)

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April 21, 2026

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SINGAPORE, April 21, 2026 /PRNewswire/ — Cohesity, today announced Nigel Lee as Technical Sales Leader for Asia Pacific and Japan (APJ). Based in Singapore, Lee will lead the company’s technical sales strategy, pre-sales organisation, and solution engineering execution across the region, reporting to Mark Nutt, SVP & GM, International at Cohesity, and reflects Cohesity’s increased investment in the region as a strategic priority.

In this newly created role, Lee will strengthen technical engagement with customers and partners, and drive adoption of Cohesity’s AI-driven data security and cyber resilience platform across APJ.

Lee brings 29 years of experience leading pre-sales, sales engineering, and go-to-market changes across Asia Pacific. He has a strong record of building high-performing teams, driving enterprise growth, and engaging C-level stakeholders in complex markets.

“APJ is a strategically important region for Cohesity, and Nigel’s leadership, passion and deep expertise make him exceptionally well positioned to lead our technical sales organisation,” said Mark Nutt, SVP & GM, International, Cohesity. “As we continue to invest in the region, his ability to align technical strategy with the rapidly developing customer requirements caused by the ever-changing threat and compliance landscape will be critical to accelerating our growth and ensuring our customers’ ongoing business resilience.”

Previously, Lee was Director of Data Storage Solutions, Asia Pacific at Lenovo, where he led the regional business and transformed the go-to-market to drive growth. He also held senior regional and global roles at NetApp.

“Across the region, organisations are under increasing pressure to secure, manage, and unlock value from their data as AI adoption accelerates and cyber threats evolve. Cohesity is uniquely positioned to simplify this complexity through a unified, AI-driven data security platform,” said Nigel Lee, Technical Sales Leader, Asia Pacific and Japan at Cohesity. “Having spent my career scaling organisations and embedding solution expertise early in the customer journey, I’m excited to join at this pivotal time and look forward to working with our teams, partners, and customers to drive meaningful, outcome-led growth.”

Lee holds an Executive MBA from Kellogg-HKUST and a Bachelor of Computer Science.

About Cohesity 

Cohesity protects, secures, and provides insights into the world’s data. As the leader in AI-powered data security, Cohesity helps organisations strengthen resilience, accelerate recovery, and reduce IT costs. With Zero Trust security and advanced AI/ML, Cohesity Data Cloud is trusted by customers in more than 140 countries, including 70% of the Global 500. Cohesity is also backed by industry leaders such as NVIDIA, Amazon, Google, IBM, Cisco, and HPE.

Cohesity is certified as a Great Place to Work in multiple countries. Follow Cohesity on LinkedIn and visit www.cohesity.com to learn more.    

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SOURCE Cohesity

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EcoMatcher Unveils Tree Personas

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31 minutes ago

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April 21, 2026

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A New Nature Interface for Engaging with Your Trees, in Any Language

HONG KONG, April 21, 2026 /PRNewswire/ — EcoMatcher, a Certified B Corporation that enables companies to plant and track trees transparently, today announced Tree Personas, a new Nature Interface designed to make tree gifting and sustainability engagement more personal, interactive, and memorable.

With Tree Personas, companies can assign a distinct digital personality to each gifted tree, enabling recipients to virtually visit their tree in TreeTracker 3D, chat with it through TreeChat+ in their own language, and learn about its growth, local environment, and real-world impact.

Tree Personas build on EcoMatcher’s earlier TreeChat, which introduced chatbot-powered conversations with trees, only in English. While TreeChat enabled interaction, Tree Personas shape how a tree communicates in any language – from curious and playful to calm and reflective – while all environmental data, location, and impact metrics remain authentic and unchanged.

EcoMatcher describes Tree Personas as a Nature Interface — a new category of digital interface that allows people to interact with real ecosystems through digital companions connected to living trees. The company believes Nature Interfaces can help reconnect people with nature in an increasingly digital world.

Rather than passively receiving information about a planted tree, users can build an ongoing relationship with it — asking questions, learning about its ecosystem, and following its growth over time. Even when users are away, Tree Personas continue to evolve digitally, encouraging people to return and discover new reflections, observations, and updates.

“Trees are essential for life on Earth, yet most people rarely have a personal connection with them,” said Bas Fransen, CEO of EcoMatcher. “Tree Personas turn planted trees into interactive companions that help people learn about nature and build deeper connections with the ecosystems that support us.”

Meet the First Tree Personas

EcoMatcher introduces three Tree Personas available to companies gifting trees, all inspired by real ecological stages and behaviours of trees:

Twiggles: A young, curious tree highlighting small discoveries in nature.Oakly: A grounded, thoughtful tree sharing ecosystems insights.Seren: A calm, reflective tree encouraging deeper connections with nature.

Companies can also collaborate with EcoMatcher to create custom Tree Personas aligned with their brand values, sustainability goals, or storytelling needs.

EcoMatcher will share more about the background and opportunities of Tree Personas during its upcoming Demo Day on April 27. To sign up, visit www.ecomatcher.com/demo.

About EcoMatcher

EcoMatcher is a Certified B Corporation that enables companies to integrate transparent tree planting into their business. Through its technology platform, organizations can plant trees, track them digitally, and engage employees and customers in sustainability. EcoMatcher’s customers include Dubai Islamic Bank, Grab, Infosys, and Singlife.

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SOURCE EcoMatcher

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