The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a fraudulent form falsely claiming to be from the Central Bank of the UAE (CBUAE) and bearing both the CBUAE and DFSA logos without authorisation.

This fake form was sent to an individual, requesting personal and financial information under the guise of facilitating “outgoing funds”, purportedly linked to the CBUAE. It falsely states:

“This form shall be considered as part of the pre-approval process. The issuing bank will continue to be responsible for ensuring the process complies with the relevant regulations. The Central Bank BOD will issue an approval at the conclusion of the notification process immediately after the Fund release authorization Form (FRAF-A1) is completed and paid for.”

The fraudulent form includes several sections requesting personal identification details, address, financial institution information and a declaration.

In an attempt to make the scam appear legitimate, the scammers have used:

• the DFSA logo without permission; and
• the CBUAE logo and a fake CBUAE stamp without authorisation.

The DFSA informs you that:

• the form is fraudulent and was not issued by the DFSA or the CBUAE;
• the DFSA does not permit the use its logo without express permission; and
• the CBUAE does not permit the use of its logo without prior written consent.

The DFSA strongly advises you not to respond to any communications regarding this scam, and under no circumstances should you send or give any money to any party connected to this scam.

The DFSA has a page on its website dedicated to alerts which it has issued about scams. All alerts issued by the DFSA may be accessed by going to Alerts

The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to How to avoid being scammed

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) Authority, DFSA or a DFSA regulated firm, you should direct your concerns to the DIFC Authority on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on: Complaints​​​​​​