In connection to a recent scam, The Dubai Financial Services Authority (DFSA) has alerted the general public about a scam, which purports to sell fake Dubai International Financial Centre (DIFC) Commercial Licenses. The perpetrator of the scam is a business management company allegedly based in the UAE.
According to the DFSA, here are the details of the scam:
– Purports to sell a fake DIFC Commercial Licence for “Investment Bank Limited”, an entity which the perpetrators of the scam claim is located in the DIFC and registered by the DIFC Registrar of Companies
– Claims that the selling price for the licence is “$25 million”, with a 10 per cent advance fee payment of the selling price to be made when signing the initial contract.
The DFSA added that the entity named “Investment Bank Limited” is not registered by the DIFC Registrar of Companies, and nor is it authorized by the DFSA, and therefore it does not exist in the DIFC; and the DIFC Commercial License which is purportedly being sold is fake and of no value whatsoever.
The DFSA strongly advises individuals against communicating with any party in connection with the scam, and that they should under no circumstances send or give any money to such parties. The DFSA has a page on its website dedicated to informing the public about scams, including scams which misuse the name of the DFSA and/or the DIFC.
For complaints, call 00971 4 362 2222 or contact via the DFSA Complaints function on www.dfsa.ae
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