The reporting requirement forms part our on-going efforts to improve accountability of the charity sector and allows the Office of the COC to strengthen our oversight of the funds that charities remit or apply for overseas purposes. Charities are required to provide information about overseas expenditure, capital outlay, as well as remittance of funds received as an agent that is spent in, remitted to or benefitting locations outside Singapore. The reporting requirement applies to all charities which are required to submit the OFS. Such reporting will include the total quantum of financial resources applied overseas as well as the list of countries in which the overseas expenditure/capital outlay/remittance of funds are applied/remitted to, or where the overseas beneficiaries and partners are located. For remittances of funds as agents, charities will also be required to disclose the names of the overseas recipients.