Watch out, you rogues!

DFSA forms a dedicated team to flush out unauthorized businesses

The UniCAKE scam portrayed as a house of cards, just as it's about to come crashing down, with each card symbolizing the misleading price predictions and false promises that built up this fragile structure. The environment is an opulent, but dimly lit casino, filled with the tension of high-stakes gambling and the pervasive air of manipulation. The style is an oil painting, using layered brushstrokes to express the intricate details of the collapsing cards and the ominous atmosphere permeating the casino --c 15

Hey, I found the perfect investment adviser! He has promised me 30% returns on a monthly basis. And, they are based in the DIFC…Wohoo!

Wait, you serious? Are you sure that they are regulated?

They said they are…

Well, the DFSA has a public register where you can verify their credentials. Strongly suggest you do that before getting into any arrangement with them…

Oh no. Doesn’t seem like they are regulated after all. What a scam!

Thought so. Precisely why the DFSA has formed a dedicated team to flush out unauthorized businesses in the DIFC. You can also visit their complaints portal to report such businesses.

Read the official communication from the DFSA here.

Stay alert!