October 3, 2017: DFSA Fraud Alert

False DFSA Document and Impersonation of a DFSA Employee 

03 Oct 2017

 

 

The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public about false documents issued by Raecco International FZE, and to the fraudulent impersonation of a DFSA employee.

The scammers provide consumers with the following false documents issued for Raecco International FZE:

• a document titled “CertificaTte of Incorporation” purportedly issued by the DFSA. The false Certificate of Incorporation can be viewed here. The format of this false document is similar to documents which have been the subject of previously issued DFSA scam alerts; and

• a document, also titled “Certificate of Incorporation”, purportedly issued by the “United Arab Emirates Companies Office” or the “Registrar of Companies UAE”.  The false Certificate of Incorporation can be viewed here.  
 
The scammers have also impersonated the DFSA’s General Counsel, by using the email signature and communicating with prospective clients using the masked email address dfsa@dfsa.ae.

The DFSA informs you that:

• the DFSA does not incorporate companies and, therefore, does not issue Certificates of Incorporation;
• Raecco International FZE is not, and has never been, authorised or regulated by the DFSA;
• the incorporation of companies in the Dubai International Financial Centre (DIFC) is done by the DIFC Registrar of Companies.  However, Raecco International FZE is not, and has never been, incorporated in the DIFC and does not appear on the register maintained by the DIFC Registrar of Companies;
• Raecco International FZE does not have, and has never had, offices in the DIFC;
• there is no such organisation or authority as the “United Arab Emirates Companies Office” or the “Registrar of Companies UAE”;
• the DFSA does not use, and has never used, the email address dfsa@dfsa.ae; and
• the name and title of the DFSA’s General Counsel, a genuine DFSA employee, have been fraudulently used without authority and apparently for an improper purpose.

The DFSA strongly advises that individuals and firms do not communicate with any party in connection with the scam, and that they should under no circumstances send or give any money to such parties in connection with the scam.

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: 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

The DIFC has a page on its website dedicated to assess the authenticity of all DIFC registered companies that may be accessed at: DIFC PUBLIC REGISTER

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

Link:

DFSA Alert

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