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23 Oct 2014, 12:10 pm | Regulator or Authority Impersonation

False DFSA Documents used to Promote a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to a fraudulent scam involving the use of false documents and the impersonation of DFSA Board Members.The perpetrators of the scam falsely claim that they are from a non-existent company, called either "UAE Investment Finance Group" or "UAE Investment Finance Services", which they allege is located in the Dubai International Financial Centre (DIFC). They also claim to be legally represented by a non-existent legal firm called "Syed Furrukh Rizvi (SFR) Advocates and Legal Consultants", also allegedly located in the DIFC.The perpetrators of the scam use two false documents:1.  A "Letter of Guarantee" on the letterhead of UAE Investment Finance Group or UAE Investment Finance Services. The false letter is purportedly signed by a DFSA Board Member; and2.  A "Certificate of Funds Registration and Endorsement" purportedly issued by the DFSA. The false certificate is allegedly signed by the DFSA's Chairman.A copy of the false letter of guarantee can be viewed here; and a copy of the false certificate of funds registration and endorsement can be viewed here.The DFSA informs you that:The DFSA strongly advises that you do not respond to UAE Investment Finance Group, UAE Investment Finance Services, Syed Furrukh Rizvi (SFR) Advocates and Legal Consultants or any other person or company who sends you such documents, and under no circumstances should you send any money to them.The DFSA has a page on its website dedicated to Alerts in relation to scams, including scams which misuse the name of the DFSA and/or the DIFC. All Alerts issued by the DFSA may be accessed by going to: Your-Resources/dfsa-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: HowToAvoidBeingScammed.   If you have any concerns about the authenticity of any DIFC Authority or DFSA correspondence or documents, you should direct your concerns to the DIFC Authority on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function onwww.dfsa.ae.

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