The UAE is poised to unveil new rules governing how nonprofits and charities operating in the country fundraise, collect, and disburse donations, a senior official has said.
The new legislation, which will step up scrutiny of an already tightly regulated market, aims to combat the risk of donations being siphoned off for money laundering or terrorist funding, Nasser Ismail, assistant undersecretary at the Ministry of Community Development (MOCD), told state news agency WAM.
The rule changes were needed to bolster accountability for the receipt and tracking of donations, he added, and to ensure nonprofits used funds properly.
“Our target is to ensure that international standards are applied… preventing any unacceptable abuses, errors or practices,” he noted.
The new law is under development, Ismail said, and will apply across the UAE.