Several committees within the European Parliament have approved proposals aimed at creating a new classification for companies known as small mid-cap enterprises, a move designed to expand regulatory exemptions and support firms that have outgrown traditional small and medium enterprise (SME) status.   Lawmakers say the initiative is intended to stimulate business growth across the European Union by addressing regulatory hurdles faced by companies transitioning to larger oper

South Africa’s gambling sector could soon face one of the highest tax burdens in the world if the government proceeds with a proposal to introduce a 20% national levy on gross gambling revenue (GGR) from online betting.   While officials argue that the measure is intended to address the growing social impact of online gambling, industry stakeholders contend that the policy amounts to a revenue grab that will disproportionately penalize licensed operators without delivering ta

Law enforcement authorities detained Bishop Emmanuel Shaleta at San Diego International Airport as he attempted to leave the United States following an extensive investigation into alleged financial misconduct. The San Diego County Sheriff’s Office began examining the case after receiving documentation in August 2025 from representatives of St. Peter Chaldean Church that pointed to irregular financial activity. After months of investigative work conducted by the Sheriff Fraud

Swiss federal authorities have opened a significant money laundering investigation targeting the owners of the Le Constellation bar in Crans-Montana following the devastating fire that occurred on New Year’s Eve. Jacques and Jessica Moretti are now under close examination by the Money Laundering Reporting Office Switzerland (MROS) after authorities detected suspicious financial transactions involving hundreds of thousands of Swiss francs. The federal inquiry is focused on det