The Dubai Financial Services Authority (DFSA) has alerted the financial services community and the public about a fraudulent scam using a false DFSA document.
The scammers use a fake DFSA application form to fraudulently offer a “Fund Status Recognition Certificate” (“FSRC”) to applicants upon an advance payment of an application fee. The false document misuses the name, address, and logo of the DFSA, and claims to be subject to the copyright of “Dubai Financial Services Authority LLC”.
A copy of the false document can be seen here:
The DFSA informs the public that:
– DFSA is not an LLC (limited liability company), and no company named “Dubai Financial Services Authority LLC” exists in the UAE;
– DFSA does not issue any “Fund Status Recognition Certificates”; and scammers have created a false “FSRC Form” that fraudulently misuses the name of the DFSA without authority and for malicious purposes.
The DFSA strongly advises that individuals and firms:
– Do not respond to any communication from any party involved in perpetrating the scam; and
– That they should under no circumstances send or give any money to such parties in connection with the scam.
The DFSA has a page on its website dedicated to alerts which it has issued about scams.
The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers.
The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA’s PUBLIC REGISTER
If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the Dubai International Financial Centre (DIFC), DFSA or a DFSA regulated Firm, residents should direct your concerns to the DIFC on Tel:+971 4 362 2222
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