The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public to a scam in which a DFSA Authorised Firm, GSB Capital Ltd, has been impersonated.

The scammers have set up a fraudulent website (“gsb-capital.ltd”, which is no longer available) and have used the following information without GSB Capital’s permission:

•  GSB Capital’s full name; and
• GSB Capital’s address in the Dubai International Financial Centre (DIFC).

According to GSB Capital, the scammers claimed to be authorised by the DFSA on their fake website. The scammer’s fraudulent website included a link to the legitimate GSB Capital's DFSA Public Register entry.

The DFSA strongly advises you not to visit the website or respond to any communications regarding the above scam, and under no circumstances should you send or give any money to any party connected to the scam.

The DFSA has a page on its website dedicated to alerts, which it has issued about scams. All alerts issued by the DFSA may be accessed by going to Alerts
The 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 How to avoid being scammed

The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA's Public Register

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the DIFC Authority, DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC Authority on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function at Complaints

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