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DFSA updates AML Rulemaking Instrument

Notice of Amendments to Legislation 05 Mar 2020 Following the ending of the consultation period on a number of proposed legislative changes that were set out in Consultation Paper No. 125, 129 and 130 the DFSA Board, after due consideration of consultees’ comments, made amendments to the DFSA Rulebook as described below. Please bear in […]

DFSA Fraud Alert: FFA (UK) Limited

ALERTS Website Misusing the DIFC Logo and Falsely Claiming that Company is Regulated by the DFSA 24 Nov 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public about a fraudulent website which misuses the logo of the DIFC and falsely claims that […]

DFSA Fraud Alert: Melecoin not located in the DIFC

Cryptocurrency Platform Melecoin falsely claims to be located in the DIFC 14 Oct 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and members of the public about MeleCoin, which falsely claims to be located in Dubai International Financial Centre.  On its website, MeleCoin: • invites people to […]

DFSA Alert: Impersonation Scam

Fake Letter Impersonating the DFSA and its Chairman 05 Aug 2019 The Dubai Financial Services Authority “DFSA” alerts the financial services community and members of the public about a fraudulent scheme in which the DFSA and its Chairman were impersonated. The scammers, using the DFSA logo, issued a fake letter […]

DFSA Alert: Skyo Microfinance advance fee scam

Skyo Microfinance Bank Limited Falsely Claims to be Incorporated by the DFSA in an Advance Fee Scam 09 Jul 2019 The Dubai Financial Services Authority (DFSA) alerts the financial services community and the public about a fraudulent scam promoted by “Skyo Microfinance Bank Limited” which offers easy loan approvals in […]

DFSA Alert: Cyprus SEC Impersonated

Cyprus SEC Impersonated in a Fraudulent Scam 20 Jun 2019 The Dubai Financial Services Authority (DFSA) warns the financial services community and members of the public of a scam in which the Cyprus Securities and Exchange Commission (CySEC) and its officers have been impersonated. The scammers solicit investors for fees […]

DFSA Fraud Alert: Impersonation Fraud

ALERTS DFSA and an International Bank Impersonated in a “Covering Certificate” Scam 29 May 2019 The Dubai Financial Services Authority (DFSA) warns the financial services community and members of the public of a scam in which the DFSA and an international bank were impersonated. The scammers, using the DFSA logo, […]

DFSA Alert: DIFC Impersonation Scam

False DIFC letter used to promote “Prize Money” scam  09 May 2019 The Dubai Financial Services Authority (DFSA) warns the financial services community and the public of a scam in which the scammers wrongly claim to be from the Dubai International Financial Centre (DIFC). According to the scammers’ fraudulent letter, […]