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28 Sep 2022, 09:50 am | Regulator or Authority Impersonation

Fake Email Impersonating the DFSA and a member of the DFSA’S Senior Management

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to a fake email in which the DFSA and a member of the DFSA’s senior management were impersonated.

The scammers sent an email to members of the public purportedly from the DFSA’s Head of Legal Affairs.  The email promises access to a “compensation package of USD 8,400,000” that was apparently arranged due to “several losses of funds over the internet”. 

The email also requests members of the public to contact the purported “Personal Email” of the DFSA’s “Secretary General and Head of Legal Affairs”, so that the DFSA can “begin processing the funds” so that the member of the public can “learn more about the fund compensation payment from the DFSA”.  

In an attempt to make the scam seem authentic, the scammers fraudulently used the name, position held and purported email signature of a member of the DFSA’s Head of Legal Affairs without permission.

The DFSA informs you that:

  • the email is false, fraudulent and was not sent by the DFSA;
  • the email address provided by the scammers for communications, [email protected], is not a legitimate DFSA email address as the DFSA does not use Gmail addresses;
  • the alleged “Personal Email” of the DFSA’s Head of Legal provided by the scammers - namely, idransdul@gmail.com, is also not legitimate;
  • there is no such office as the “Secretary General” of the DFSA; and
  • the DFSA is not administering any compensation fund and nor is it making any transfers of money to members of the public.

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 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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