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21 Dec 2014, 12:12 pm | Clone

Emirates National Bank of Dubai Impersonated in a Fraudulent Scam

​If an investment offer appears too good to be true, then it generally is.  The DFSA alerts investors about a scam that offers extraordinary returns on an investment purportedly offered by a prominent UAE based bank.The scammers falsely claim to represent Emirates National Bank of Dubai (ENBD), and promise to transfer USD 2.8 Million to consumers once a "wire transfer fee" of USD 2,800 is paid.To authenticate the scam, the scammers provide consumers with a fraudulent " Unconditional and Non-Residential Fund Transfer Approval " document, in which the DFSA allegedly " gives approval to ENBD to commence immediate wire transfer of the said fund into the Beneficiary's nominated bank account".  The document is purportedly signed by both the DFSA's former and current Chairmen.A copy of the false document can be found here.The DFSA advises that:The DFSA strongly advises consumers not to respond to any such approaches and under no circumstances should consumers send any money to the scammers.The DFSA has a page on its website dedicated to alerts which it has issued in relation to scams. All Alerts issued by the DFSA may be accessed by going to Your-Resources/dfsa-alertsThe abovementioned scam is an "Advanced Fee Scam".  The DFSA has issued warnings and guidance about this and other common types of scams perpetrated on consumers. For more information on these scams, please go to How To Avoid Being ScammedIf you have any concerns about the authenticity of any DIFC or DFSA correspondence or documents, you should forward your concerns to the DIFC Authority on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complains function or on Tel: +971 4 362 1576.

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