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16 Dec 2013, 12:12 pm | Clone

DFSA Authorised Firm Impersonated in a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to an Advance Fee Scam using false documents purportedly issued by the DFSA. The false document is a “Certificate of Incorporation” of an entity that uses the name of a DFSA Authorised Firm.The perpetrators of the scam:• target members of the public (victims) by pretending to be the Chief Financial Officer of the  DFSA Authorised Firm;• offer credit to the victims and provide them with a false  Loan Agreement  made out to the victim;• solicit payment of an advance fee of USD 48,000 from the victim to  facilitate the provision of the loan; and• provide the victim with false  company documentation including the false “Certificate of Incorporation”.A copy of the false Certificate of Incorporation can be viewed here.The DFSA does not issue certificates of incorporation for any firm and/or inpidual. The DFSA has a page on its website dedicated to Alerts in relation to scams. All Alerts issued by the DFSA may be accessed by going to:Your-Resources/dfsa-alerts The DFSA has also 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 DIFC or DFSA correspondence or documents, you should direct your concerns to the DIFC on +971 4 362 2222, or to the DFSA Complaints function by accessing the complaints portal on the DFSA website.

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