Investors in the UAE are being warned to stay cautious when making financial transactions. The Securities and Commodities Authority (SCA) has discovered that some “unknown individuals” are forging financial documents.
These fake documents, related to loans and financing, are falsely attributed to the SCA but have no connection to the authority’s services.
The SCA advises investors to verify companies or entities before engaging with them. It’s important to ensure that their contact details are accurate and trustworthy. To help, the SCA provides a list of licensed companies on its official website. This database can confirm if a company is legitimate or not.
As a regulatory body, the SCA oversees and manages financial markets across the UAE. Investors are encouraged to use its resources to avoid falling victim to fraud.
