A man behind a sophisticated international theft ring who is the subject of an upcoming movie is back on day parole.

Gerald Blanchard was convicted in 2007 for the theft of hundreds of thousands of dollars from banks in Winnipeg and around the world.

He also stole a rare diamond once owned by royalty from an Austrian museum.

His day parole was previously suspended back in July 2010 for concerns over "selective adherence to rules," said parole board officials in a decision.

The parole board says it is not happy about a movie project being developed about his crimes, but believes he is considered unlikely to reoffend.

In a decision issued late in April 2012, the board said Blanchard had "long term positive plans."

His parole comes with conditions including limited access to computers and cellphones.

The board also said he must disclose his financial situation to his parole supervisor.