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14 Apr 2015, 12:04 pm | Regulator or Authority Impersonation

False DFSA Documents used to Sell Fake Licenses

The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a fraudulent scam which purports to sell fake DFSA licences and misuses the names of both the DFSA and the Dubai International Financial Centre (DIFC) Authority.A firm called "Professional Property Management", allegedly of "Al Barsha 1, Bilding (sic) No 8B, Behaind (sic) Mall of Emirates, Off No 304, Dubai, UAE",  is the perpetrator of the scam.   Professional Property Management claims that:  A copy of the false document outlining the above mentioned can be viewed here. The DFSA informs you that:The DFSA strongly advises you not to contact, or to respond to Professional Property Management or any other person or company representing them, and under no circumstances should you send Professional Property Management any money. The DFSA has a page on its website dedicated to informing the public about scams, including scams which misuse the name of the DFSA and/or the DIFC.  All Alerts issued by the DFSA may be accessed on the DFSA website at: 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 2222and to the DFSA via the DFSA Complaints function on www.dfsa.ae.

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