News

The Financial Services Regulatory Authority (FSRA) of ADGM alerts the public and community about sophisticated fraudulent schemes and phishing attempts that misuse the name, logo, or branding of FSRA-licensed firms to deceive individuals into making payments or investing in non-existent opportunities and financial products.

These fraudulent activities can appear through various forms of communication, including but not limited to fake websites, emails, letters, social media profiles, phone calls, group chats (such as WhatsApp or Telegram), text messages, and other methods.

Please be aware that:

1. Fraudsters may impersonate legitimate FSRA-licensed firms to create a sense of trust and urgency.
2. Communication may appear professional or even come from seemingly official sources, making it difficult to identify as fraudulent.
3. Scammers often target individuals with promises of non-existent investment opportunities 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.