Ministry of Social Development: Ministerial Decision 36/2023 Issuing the Regulation on the Supervision of Non-profit Associations and Organisations regarding Anti-money Laundering and Counter-terrorist Financing

Arabic

Based on the Civil Associations Law promulgated by Royal Decree 14/2000,

Royal Decree 32/2003 Determining the Competences of the Ministry of Social Development and Adopting Its Organisational Structure,

the Law of Anti-money Laundering and Counter-terrorist Financing promulgated by Royal Decree 30/2016,

and the Regulation on the Conditions, Rules, and Procedures for Granting Licences to Collect Money from the Public issued by Ministerial Decision 53/2010,

and in pursuance of public interest,

it is hereby decided

Article I

The provisions of the attached regulation shall apply in regard to the supervision of non-profit associations and organisations regarding anti-money laundering and counter-terrorist financing.

Article II

Non-profit associations and organisations shall rectify their status in accordance with the provisions of the attached regulation within 3 (three) months from the date of its entry into force.

Article III

All that is contrary to the attached regulation, or in conflict with its provisions, is hereby repealed.

Article IV

This decision shall be published in the Official Gazette, and comes into force on the day following the date of its publication.

Issued on: 10 Rajab 1444
Corresponding to: 1 February 2023

Dr Laila bint Ahmed bin Awadh Al-Najjar
Minister of Social Development

Published in Official Gazette 1479 issued on 5 February 2023.