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29 Dec 2015, 12:12 pm | Regulator or Authority Impersonation

DFSA and Barclays Bank Impersonated in an Advance Fee Scam

The DFSA alerts the financial services community and the public to an Advance Fee Scam in which:are fraudulently impersonated.The way in which the scam works is that the scammers send e-mails to apparent customers of Barclays asking them to pay an Advance Fee of between USD 2,000 to USD 5,000. In turn, the scammers promise to send USD 10,000,000 to the customers foreign bank account once the Advance Fee is paid. Of course, the scammers have no intention of fulfilling their promise. The DFSA has seen communications in which the scammers attempt to bully customers into making the Advance Fee payment by threatening not to send the promised funds to the customers.As part of this scam, the scammers fraudulently misuse the name of the DFSA and its Chief Executive. They also fraudulently misuse the name of Barclays and an employee of Barclays. In some fraudulent communications, the scammers falsely claim that:In other fraudulent communications, the scammers falsely claim that the Chief Executive of the DFSA:A copy of the scammers' false e-mail can be found here.The DFSA informs you that it:Barclays Bank has confirmed to the DFSA that: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:AlertsThe 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 scammedThe DFSA encourages consumers to refer to the list of regulated firms that is available on DFSA's public register and may be accessed by going to: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 www.dfsa.ae.

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