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16 Aug 2022, 10:00 am | Regulator or Authority Impersonation

Fake DFSA employee signatures and stamp used in a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public about a fraudulent scheme in which the DFSA is impersonated, and two individuals falsely claim to be officers of the DFSA.  

The scammers use a letter which contains the DFSA’s logo and purports to be from the DFSA’s “Office of the Administrator”.  The DFSA confirms that the letter is false, and informs you that:

  • the two individuals named in the letter are not employees of the DFSA;
  • there is no department or function in the DFSA which is called the “Office of the Administrator”;
  • there is no such position as “Controller General, DFA, United Arab Emirates” at the DFSA;
  • there is no such position as “Assistant Commissioner office for Services and Enforcement, Department of Treasury, UAE Financial Service Authority (DFSA)” at the DFSA; and
  • the purported DFSA stamp on the letter is not genuine.

The DFSA strongly advises that you do not respond to any communication regarding the scam, and under no circumstances should you send or give any money to any party in connection with the 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), DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC on Tel:+971 4 362 2222 and to the DFSA via the DFSA Complaints function on: COMPLAINTS 

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