UAE plans new law to clamp down on non-profits’ vulnerability to dirty money - AML Intelligence
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UAE plans new law to clamp down on non-profits’ vulnerability to dirty money

By Dan Byrne for AMLi

A new Fundraising Regulatory Law is being drafted by the government of the United Arab Emirates, in a bid to stamp out money laundering through non-profits.

In addition, all non-profits operating in the Gulf nation are being warned about the need to conduct careful due diligence on donors and other clients, so that dirty money cannot gain a foothold in a sector that has been a cause for concern for years.

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