The Pentagon failed its seventh consecutive audit, unable to fully account for its $824 billion budget, resulting in a disclaimer of opinion. Of the 28 DoD reporting entities audited, 9 received unmodified opinions, 15 received disclaimers, with the goal of achieving a clean audit by 2028. Despite the challenges, Michael McCord, Under Secretary of Defense, expressed confidence in the agency’s ability to achieve an unmodified audit opinion by 2028, emphasizing the progress made towards greater financial integrity and transparency.
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“Narco subs” trafficking cocaine targeted in latest U.S. sanction
The U.S. Department of the Treasury sanctioned six accused drug traffickers, including four Guyanese nationals and two Colombians, for allegedly using boats and "narco subs" to traffic cocaine from South America to the U.S., Europe, and the Caribbean. Paul Daby Jr. and Randolph Duncan are identified as leading the trafficking operations in Guyana, while others are implicated in facilitating drug transport, including a former police officer involved in an abduction case. Guyana's geographical advantages and...
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