News

The Financial Services Regulatory Authority (FSRA) of ADGM alerts the public and community about a sophisticated fraudulent scheme involving a fake Telegram channel titled “Abu Dhabi Global Market” promoting purported “investments” and offering “guaranteed investment returns” to victims who transfer money into this scheme.

The fake Telegram channel is used by the operators of the fraudulent scheme to promote “investment packages” ranging from AED 1,000 to 15,000 and offering purported investment returns of AED 15,000 to 700,000.  Further, the operators of the scheme post fake messages in the Telegram Channel purporting to be from investors claiming to have made investments and received large substantial returns, to dupe victims into transferring money to specified bank accounts.

Please be aware that:

1. ADGM does not operate a Telegram Channel and never contacts individuals directly.
2. ADGM never offers opportunities to invest or trade in financial products to individuals.
3. Fraudsters may impersonate ADGM and /or FSRA to create a sense of trust.
4. Unsolicited communications, such as those involved in this scam, appear professional or to come from official sources, making it difficult to identify as fraudulent.
5. Scammers often target individuals with promises of or financial returns that seem too good to be true.

Take steps to protect yourself:

• Always verify the identity of any person or organisation contacting you. Official communications from ADGM or relevant FSRA-licensed firms will always come from verified official channels.
• Avoid making payments or providing personal information in response to unsolicited messages or requests.
• If in doubt, contact the FSRA directly using the contact details provided on our official website.

The FSRA is committed to maintaining the integrity of financial markets and ensuring a fair and transparent environment for all market participants.

Only firms authorised by the FSRA can undertake Regulated Activities in ADGM.

The FSRA advises the market and investors to not deal with any firm until it is verified that the firm is authentic and has been granted the appropriate Financial Services Permission by the FSRA to undertake Regulated Activities in ADGM.

Anyone with concerns about a website or a firm purporting to be incorporated or registered in ADGM should check ADGM Registration Authority’s Public Register. To determine if an entity has a Financial Services Permission to conduct Regulated Activities in ADGM search the FSRA’s Public Register.