DFSA Cautions General Public in Dubai about Series of Scam Emails

International-adviser.com reported on 6th May, 2014 stating that The Dubai Financial Services Authority (DFSA) has alerted the public about a series of scam emails using false affiliations with the Dubai International Finance Center (DIFC) demanding money fraudulently.

Notably, DFSA is an established body under Dubai law as independent regulator of financial services and related activities for the DIFC which is a federal financial free zone situated in the Emirate of Dubai, United Arab Emirates.

The DFSA has also warned members of the financial services industry that emails have been designed to look like a loan agreement featuring letterhead of DIFC and entitled "official fund approval notification."

The documents allege that the "loan award committee" has permitted the transfer of funds, at a payment fee of 3.5% and has done so under the guidance of legitimate employees of DIFC.

They claim that the fee is towards application, registration, notary fee, consultancy charges and everything else that linked to the allotment of the loan.

But the DFSA clarified that it does not have any "loan award committee" and does not lend any money to consumers nor does it give any funds or give loans for a fee.

It added that the scammers have been using this email to legitimize a fraudulent scheme.

The DFSA announces on its official website advising you not to reply to any such invitation emails and should never send any money to the originator under any circumstances.

A special webpage on DFSA website is dedicated to the Alerts which have been sounded by it in connection with scams. All Alerts highlighted by the DFSA can be seen at: http://www.dfsa.ae/Alerts/Alerts.aspx.

Recently the DFSA has issued caution and guidance about common types of scams perpetrated on consumers and recommends visiting http://www.dfsa.ae/Pages/Alerts/HowToAvoidBeingScammed.aspx to get more information on these scams.

It concludes that if you have any doubts about the authenticity of any documents or correspondence of DIFC or DFSA, you should send your queries to DIFC on Tel: +971 4 362 2222 and to DFSA through DFSA complaint function on www.dfsa.ae or via telephone on +971 4 362 1576.

» SPAMfighter News - 5/14/2014