Back to alerts
06 Feb 2013, 12:02 pm

Alquiwain Investment UAE Falsely Claims to be Incorporated by the DFSA

The Dubai Financial Services Authority (DFSA) issues the following alert about a scam facilitated by a firm called Alquiwain Investment UAE (Alquiwain Investment) through the website - http://alquiwaininvestment.com/index.htmlAlquiwain Investment’s method of operation is to contact companies and other consumers offering access to funds for loans or investments for as much as USD $2 Million. Any company or consumer who makes enquiries as to the funds is then advised to procure a bond from Mutual Arabic Trust Insurance - http://mutualarabictrust.com/about.html - and pay underwriting fees in the amount of USD $56,000.The scam falsely informs companies and consumers that Alquiwain Investment is incorporated by the DFSA. An example of the falsified Certificate of Incorporation used by Alquiwain Investment can be viewed here. The DFSA does not issue such certificates.The scam referred to above is a fraud and is linked to organised crime. The DFSA strongly advises that you do not respond to such offers.The DFSA has recently issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to: HowToAvoidBeingScammedIf you have any concerns about the authenticity of any Dubai International Financial Centre (DIFC) or DFSA correspondence or documents, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on www.dfsa.ae or via telephone on +971 4 362 1576.

For better web experience, please use the website in portrait mode