Strict action against illegal money laundering: UAE warns

by time news

Abu Dhabi: UAE warns of crackdown on money laundering The Ministry of Social Development has issued a warning in this regard. Authorities advised that everyone should be aware of UAE federal law regarding donations. Officials also said that no advertisements or campaigns should be carried out to raise funds or raise money without the permission of the ministry.

In the UAE, one does not have the authority to raise funds of one’s own free will. Permission must be obtained from the designated Government Offices to collect money for any individual or group. Violators will be fined not less than two lakh dirhams or more than five lakh dirhams.

If the money raised through the fundraiser is used for personal purposes, a fine of between Dh1.5 lakh and Dh3 lakh will be imposed. Strict action will be taken against those who repeat illegal fundraising cases. Authorities warned that foreigners caught in such cases would be deported after serving their sentences.

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