DFSA Alert: Fraudulent DFSA Document

False DFSA Document used to Promote a Fraudulent Scam

04 Jan 2018

 

The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public about a fraudulent scam using a false DFSA document.

The scammers use a fake DFSA application form to fraudulently offer a “Fund Status Recognition Certificate” (“FSRC”) to applicants upon an advance payment of an application fee. The false document misuses the name, address and logo of the DFSA, and claims to be subject to the copyright of “Dubai Financial Services Authority LLC”. A copy of the false document can be found here.

The DFSA informs you that the:
• DFSA is not an LLC (limited liability company), and no company named “Dubai Financial Services Authority LLC” exists in the UAE;
• DFSA does not issue any “Fund Status Recognition Certificates”; and
• scammers have created a false “FSRC Form” that fraudulently misuses the name of the DFSA without authority and for malicious purposes.

The DFSA strongly advises that individuals and firms:
• do not respond to any communication from any party involved in perpetrating 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 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

Link:

DFSA Alert

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