On 28 November 2021, the Dubai Financial Services Authority (DFSA) alerted the financial services community and members of the public to false claims by introducing brokers that the following companies are authorised and regulated by the DFSA:
· a company called MultiBank FX International Corporation incorporated in the British Virgin Islands; and
· a non-existent company called MultiBank Trading and Investments.
In that alert, the DFSA also advised that the only entity within the MultiBank Group that was authorised and regulated by the DFSA was the DIFC branch of MEX Australia PTY LTD.
The DFSA wishes to inform you that MEX Australia PTY LTD has voluntarily withdrawn its DFSA Licence and is no longer authorised or regulated by the DFSA.
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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