DFSA Fraud Alert: Amana Financial Services and DFSA Impersonation Scam

Amana Financial Services (Dubai) Limited and the DFSA Impersonated in a Scam

15 Apr 2019

The Dubai Financial Services Authority (DFSA) warns the financial services community and the public of a scam in which the scammers falsely claim to be an Authorised Firm, based in the Dubai International Financial Centre (DIFC) and regulated by the DFSA.

The scammers offer trading services to potential investors under the trading name “Amana Trade”.  In doing so, the scammers have impersonated a legitimate DIFC incorporated and DFSA regulated Authorised Firm, namely, Amana Financial Services (Dubai) Limited, by:

• using the name “Amana Trade” which is similar to “Amana Financial Services (Dubai) Limited”; and
• falsely representing that it is a DFSA Authorised Firm. 

The DFSA informs you that “Amana Trade” is not a DIFC incorporated company, and has never been:
• licensed or authorised by the DFSA; or
• licensed or registered by the DIFC Registrar of Companies.

The DFSA strongly advises you not to respond to any communications from “Amana Trade” relating to this scam, and under no circumstances should you send any money to the scammers.

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, including Advance Fee 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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