The South Africa Financial Sector Conduct Authority (FSCA) issued a public warning about individuals impersonating the FSCA and its Commissioner, Unathi Kamlana, in connection with Duke Global Funding Limited. The New Zealand Financial Markets Authority alerted the FSCA that Duke Global Funding Limited was being used in the impersonation. The impersonators allegedly claimed that the Commissioner had flagged transactions for breaching exchange rate thresholds and requested a fee to resolve the issue, with one complainant reportedly paying USD 24,622 to the purported FSCA and Commissioner. The FSCA confirmed that neither it nor Mr Kamlana received any payments, that they are not associated with Duke Global Funding Limited, and that the FSCA does not request or facilitate payments for international transactions or loans; Duke Global Funding Limited did not respond to FSCA queries. The FSCA is investigating the matter and urged the public to be vigilant when approached with unsolicited offers involving large sums of money, particularly where upfront payments are requested.
South Africa Financial Sector Conduct Authority 2025-10-30
South Africa Financial Sector Conduct Authority warns of Duke Global Funding Limited impersonating the regulator and its Commissioner in upfront-fee scam
The South Africa Financial Sector Conduct Authority (FSCA) warned about impersonators using its name and Commissioner Unathi Kamlana's in connection with Duke Global Funding Limited. Impersonators falsely claimed transactions were flagged for breaching exchange rate thresholds and solicited fees, with one victim paying USD 24,622. The FSCA clarified it is not associated with Duke Global Funding Limited, does not request payments for international transactions, and is investigating the matter.