Abu Dhabi Global Market (ADGM) warns public about fraudulent loan schemes.
The Financial Services Regulatory Authority (FSRA) of ADGM alerts the community and the public about recent fraudulent schemes in which individuals or entities make false claims on social media that they are associated with ADGM or its staff and promise loans to solicit upfront payments.The scammers may falsely claim to represent ADGM to scam individuals into providing personal or financial information or to transfer funds.
ADGM also reiterates that only firms authorised by the FSRA can undertake Regulated Activities in ADGM.
Steps to protect yourself!
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