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DFSA Fraud Alert: Falsified DFSA Certificate of Incorporation

ALERTS

False DFSA Certificate of Incorporation used in Scam

05 Oct 2020

The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public about a fraudulent scam in which a false “Certificate of Incorporation” was used. 

The scammers provided potential investors with the false Certificate of Incorporation, and claimed that the DFSA provided a 100% guarantee on the investors’ investment capital and also on the investment returns to be paid to investors.

A copy of the false Certificate of Incorporation can be viewed here.

The DFSA advises that it does not:
• issue Certificates of Incorporation of any kind, which is a function of the DIFC Registrar of Companies; nor
• provide any guarantees whatsoever in relation to either investment capital or investment returns.
The DFSA strongly advises that you do not respond to the perpetrators of the scam, and under no circumstances should you send or give any money to any party connected to the scam.

On 5 April 2020 the DFSA issued an alert to consumers warning about an increase in scams and other fraudulent activity since the onset of the COVID-19 pandemic. The original alert can be viewed by going to: INCREASE IN SCAMS DURING COVID-19

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 Notice

Categories: Dubai Financial Services Authority (DFSA) Updates Forgery Fraud

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