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19 Nov 2012, 12:11 pm | Regulator or Authority Impersonation

False DFSA Documents used to Promote a Fraudulent Scam

The Dubai Financial Services Authority (DFSA) alerts the community to a fraudulent scheme involving the communication of false, misleading and deceptive information by an inpidual (the Scammer) claiming to be named Mr Mohammed Wajid Kamran and using the following email address:
[email protected]    The Scammer fraudulently offers funds to inpiduals as follows:• The Scammer initially approaches an inpidual by email and advises the recipient that s/he is the beneficiary of “inheritance funds”;• After receiving a response from an inpidual, the Scammer then sends the inpidual a false document, purportedly from the DFSA, entitled “Unconditionally and Non-Residential Fund Clearance Approval”.  This document falsely states that the DFSA has approved the transfer of “inheritance funds” amounting to GBP £3,700,000 to the inpidual; and• The Scammer asks the inpidual to pay a “legal fee” for this approval in the amount of USD $6,217 before the “inheritance funds” can be transferred.The document provided by the Scammer is false, and part of a fraudulent Advanced Fee Scam.  The DFSA does not:• approve the transfer of funds between banks;• use or issue a document entitled “Unconditionally and Non-Residential Fund Clearance Approval”; or   • Deal in funds of any kind, including “inheritance funds”.The document also falsely uses the identities of the DFSA Chairman, Mr Saeb Eigner, and the former DFSA Chairman and now Governor of the Dubai International Financial Centre (DIFC), His Excellency Abdullah Mohammed Saleh.The DFSA strongly advises members of the public not to deal with the Scammer or any inpidual or entity claiming to provide funds approved by the DFSA for an advanced fee.The DFSA notes that the name of the Scammer is similar to the name of an inpidual authorised by the DFSA. The DFSA believes that there is no connection whatsoever between the Scammer and the DFSA Authorised Inpidual.All Firms providing financial services in or from the DIFCmust first be licensed by the DFSA.  Firms licensed by the DFSA have their particulars recorded on the Public Register of the DFSA website at www.dfsa.ae. If a Firm purports to offer financial services in or from the DIFC, and the Firm is not recorded on the Public Register, then you should not deal with it.The DFSA has recently 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 ScammedIf you have any concerns about the authenticity of a Firm’s regulatory status you should direct your concerns to the DFSA Complaints function by accessing the complaints portal on the DFSA website or by calling the DFSA on tel +971 4 362 1 500. 

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