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12 Jun 2024, 12:45 pm

Clarification of the regulatory status of entities under the brand ‘Falcon’

The Dubai Financial Services Authority (DFSA) wishes to clarify the regulatory status of certain entities operating under the name ‘Falcon’. 

Falcon Global Capital Limited (FGCL) was licensed by the DFSA on 11 March 2022 to carry on Financial Services in or from the DIFC. Details of FGCL’s licence and the Financial Services which it is authorised to carry on can be found in the DFSA’s Public Register here.

Other than FGCL, no other entity operating under the name ‘Falcon’ is, or has to date been, licensed by the DFSA to carry on Financial Services or make Financial Promotions in or from the DIFC. In particular, the following entities are not, and have never been, incorporated in the DIFC or licensed by the DFSA:

  • Falcon Assets Capital Investments LLC; and
  •  Falcon Co.

The DFSA has a page on its website dedicated to alerts it has issued about scams.  All clarifications and 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

DFSA Authorised Firms are subject to financial services laws and rules administered by the DFSA.  These laws and rules are designed to protect users and potential users of the financial services industry in the DIFC, including consumers, when they engage with an Authorised Firm to obtain a financial product or financial service.

Only DFSA Authorised Firms are permitted to carry on Financial Services in or from the DIFC, subject to the laws and rules mentioned above. If you are unsure of the regulatory status of a firm, please check the DFSA’s PUBLIC REGISTER before entering into any financial services activity with that firm.

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the 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.

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