Officials have urged the public to ignore any communications related to the scam and warned against sending money to any individuals or entities involved.
Dubai Financial Services Authority has warned investors and the financial community about new online scams falsely claiming affiliation with the regulator. These include one impersonating a licensed financial firm and another using cloned versions of the DFSA’s public register to appear legitimate.
In an alert issued on March 5, the regulator said fraudsters have targeted the legitimate DFSA-authorised firm Amana Financial Services (Dubai) Limited, operating under a similar name and creating a misleading website to deceive the public.
According to the Dubai Financial Services Authority, scammers are using the name “Amanah Capital” to falsely claim that the entity is authorised by the regulator. To carry out the scam, they created a website, amaanahcapitall.com, which is currently displayed as “under maintenance.”
The Dubai Financial Services Authority said the scam appears to be an advance-fee fraud, in which victims are asked to pay upfront charges with the promise of investment opportunities or financial services.
The regulator urged the public not to respond to any communications linked to the scam and warned against sending money to any individuals or entities involved.
In a separate alert issued the same day, the DFSA flagged two additional fraudulent operations falsely claiming to be regulated by the authority.
Fraudsters have created websites for entities called Qalynomics and Qanotarytx, falsely stating that these firms are licensed and supervised by the DFSA. To make the claims appear credible, the scammers also created fake domains mimicking the DFSA’s Public Register, including pages showing the two entities as authorised firms.
The regulator clarified that neither Qalynomics nor Qanotarytx has ever been authorised by the DFSA, and the cloned websites have no connection with the authority.
The DFSA advised consumers to verify the status of financial firms through its official Public Register before engaging with any investment or financial service provider. It also encouraged anyone with concerns about suspicious communications or documents claiming to be issued by the DFSA, the DIFC Authority, or a regulated firm to report the matter through the regulator’s official complaints channels.
