The Abu Dhabi Global Market Financial Services Regulatory Authority issued a regulatory alert warning about sophisticated fraudulent schemes and phishing attempts that misuse the name, logo, or branding of firms licensed by the FSRA to deceive individuals into making payments or investing in non-existent opportunities and financial products. The alert notes that such scams can be delivered via fake websites, emails, letters, social media profiles, phone calls, group chats on WhatsApp or Telegram, text messages, and other methods, and may appear professional or come from seemingly official sources. The FSRA advises individuals to verify the identity of any person or organisation contacting them via verified official channels, avoid making payments or providing personal information in response to unsolicited requests, and confirm authenticity and regulatory status by checking the ADGM Registration Authority’s Public Register and the FSRA’s Public Register for the relevant Financial Services Permission, reiterating that only FSRA-authorised firms can undertake Regulated Activities in ADGM.
ADGM Financial Services Regulatory Authority 2025-04-10
Abu Dhabi Global Market Financial Services Regulatory Authority warns of fraudsters impersonating FSRA-licensed firms in phishing and investment scams
The Abu Dhabi Global Market Financial Services Regulatory Authority (FSRA) warned about scams using FSRA-licensed firms' names to deceive individuals into making payments or investing in fake opportunities. These scams appear professional and spread through fake websites and social media. The FSRA advises verifying identities through official channels and checking the ADGM Registration Authority’s Public Register for authenticity and regulatory status.