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18 Jul 2017, 12:07 pm | Regulator or Authority Impersonation

Mazyad Capital LLC Falsely Claims to be Authorised by the DFSA

The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public to false claims made by Mazyad Capital LLC (Mazyad).

Mazyad falsely claims to be authorised and regulated by the DFSA and registered in the Dubai International Financial Centre (DIFC). 

Mazyad also uses the following fraudulent documents:
• a “Licence Notice” purportedly issued by the DFSA; and
• a “Certificate of Incorporation” and “Commercial Licence” purportedly issued by the DIFC Registrar of Companies. 

A copy of the fraudulent documents can be viewed here

Further, Mazyad falsely claims to hold DFSA Licence Number F001976.

The DFSA advises that Mazyad is not, and has never been:
• authorised or regulated by the DFSA;
• incorporated in the DIFC; or
• licensed by or registered by the DIFC Registrar of Companies.

Further, the DFSA advises that DFSA Licence Number F001976 belongs to a legitimate DFSA Authorised Firm which is not associated with Mazyad in anyway.

The DFSA strongly advises that you do not communicate with Mazyad, and under no circumstances should you send money to Mazyad or any person connected with Mazyad.

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 Dubai International Financial Centre (DIFC), DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC on Tel:+971 4 362 2222 and to the DFSA via the DFSA Complaints function on: COMPLAINTS


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