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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Headlines

    Posted By Global Banking and Finance Review

    Posted on July 1, 2025

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    WARSAW (Reuters) -A Canadian teenager sentenced in Poland last year to 20 months in prison for spying for Russia could be released early under certain conditions, a Polish court said on Tuesday.

    A statement by the court did not give details of the possible conditional release.

    Europe is in a heightened state of alert over what security agencies across the continent call Russia’s "hybrid war" of sabotage and espionage - accusations which the Kremlin has repeatedly denied.

    Laken Pavan, who turned 18 a few weeks after his arrest, pleaded guilty to charges of helping Russian intelligence and was sentenced in December 2024. He is due to leave prison in January 2026.

    On April 16, 2024 Pavan flew from Vancouver to Moscow via Istanbul and joined a volunteer group in the Russian-occupied eastern Ukrainian region of Donetsk, according to Polish court documents seen by Reuters.

    The organisation's social media account said it was set up in 2014 to recruit mercenaries to fight for Russia in Donetsk and the neighbouring Ukrainian region of Luhansk and to organise humanitarian projects for civilians.

    Pavan told Polish investigators that in late April 2024 he was arrested in Donetsk and questioned by men who said they were from Russia's Federal Security Service, according to the court documents.

    After several days of detention, Pavan said, he was instructed to return to Europe, lose his passport to conceal his trip to Russia and begin working for the FSB, the documents showed.

    He told Polish prosecutors he flew to Copenhagen, but later decided to move to Warsaw as life in Denmark was too expensive.

    A couple of days after checking into a Warsaw budget hotel, Pavan said, he asked a receptionist to call police. When they arrived, he confessed to working with the FSB and planning to pass information about Poland's military to his Russian handler, the court documents showed.

    (Reporting by Anna Koper; editing by Mark Heinrich)

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