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.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
