The Dubai Financial Services Authority (DFSA) alerts the community to a fraudulent investment scheme which is using a false DFSA letter. The scheme consists of a communication to individuals stating that they have won several hundred thousand US dollars in the “Middle East-Asia Promotion” sponsored by the “Emirates Foundation”. In order to claim the prize, individuals are advised, by a false DFSA letter, to transfer a sum of money to the DFSA for “registration of funds meant for international remittance before such funds could be approved for release”. A person purporting to be the Head of Operations, International Swift Remittance/Transfer Department, of an UAE Bank, provides the individual instructions on how to make the transfer.The false DFSA letter is an unauthorised use of the name, logo and letterhead of the DFSA and is a fraud. The DFSA strongly advises that you do not respond to the communication.If you have any concerns about the authenticity of DFSA correspondence you should direct your concerns to the DFSA Complaints function by accessing the complaints portal on the DFSA website or by calling the DFSA on +971 4 362 1576.