The Central Bank of Ireland issued a warning notice stating that Damac Trade (Clone) is not authorised to operate as an investment firm or carry on investment business in Ireland. The warning relates to the website https://damac-trade.com/ and the email address support@damac-trade.com. The Central Bank said Damac Trade has used the authorisation number of a legitimate, differently named Central Bank-authorised firm to deceive consumers, and confirmed there is no connection between the authorised firm and the fraudulent entity. The name is published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.
Central Bank of Ireland 2026-04-14
Central Bank of Ireland warns consumers that Damac Trade is an unauthorised investment firm using a cloned authorisation number
The Central Bank of Ireland has issued a warning that Damac Trade (Clone) is not authorised to operate as an investment firm or carry on investment business in Ireland. The firm has used the authorisation number of an unrelated, legitimate Central Bank-authorised firm to deceive consumers, and its name has been published under section 53 of the Central Bank (Supervision and Enforcement) Act 2013.