Al Ansari Financial Services, a well-known integrated financial services group in the United Arab Emirates, has warned the public about unlicensed firms falsely impersonating the company and its subsidiaries. One of the subsidiaries, the Al Ansari Exchange, claims to be the largest outward personal remittance and foreign exchange company in the UAE.
Al Ansari Financial Services has confirmed again for the good of investors that its shares are listed on the Dubai Financial Market (DFM) and can only be traded on the platform through licensed brokerage firms. The company has emphasized that it does not solicit investments through any unauthorised channels, and most importantly social media as the fraudulent firms are active largely on social media platforms. The scammers are found to be promising unrealistic returns on investments by using Al Ansari Financial Services’ or Al Ansari Exchange’s name and logo to impress people and look authentic. Al Ansari Financial Services has said that besides financial scams, digital fraud and cybercrime are also a growing threat.
Al Ansari Financial Services, which has enabled “tourists, residents, and businesses to transfer and exchange money and conduct payments swiftly, securely and effectively for almost 60 years”, has listed out some steps to protect oneself from investment scams. Investing with only licensed firms and not falling for ‘high-return’ promises can prove helpful, as also researching before investing is another time-tested method. The company has alerted investors to report suspicious activities by contacting them directly through their official website or call centre. – editor@nrifocus.com
Leave a Reply