News

The Financial Services Regulatory Authority (FSRA) of ADGM would like to alert the financial services community and members of the public about a fraudulent loan scam promoted online (URL: https://instantloaninc.com/) by persons claiming to represent an entity named "Instant Loan Inc.".

This entity falsely purports to offer loans to individuals and corporate entities and then solicits fraudulent upfront payments for purported services in ADGM, such as company incorporation.

Please be aware that:

1. The operators of fraudulent scams may:
    
   • falsely claim to represent ADGM to deceive individuals into providing personal or financial information or to transfer funds; and
     
     
   • use official-sounding names, logos, or documents to make their offers appear legitimate, even though they are fraudulent.
     
     
2. ADGM does not process loans and will not ask for any form of upfront payment for loan processing – If you receive a communication which purports otherwise, please act with caution.
   
   
3. If you receive unsolicited communications offering purported loans or other financial products and services that claim to be from ADGM directly - please act with caution.

Take steps to protect yourself:

• Always verify the identity of any person or organisation contacting you. Official communications from ADGM will always come from verified official channels.
  
  
• Do not share confidential financial details such as bank account numbers, personal identification numbers (PINs), or passwords with anyone, even if they claim to be from a regulatory authority or an official body.
  
  
• If in doubt, contact the FSRA directly using the contact details provided on our official website.

The FSRA is committed to maintaining the integrity of financial markets and ensuring a fair and transparent environment for all market participants.

Only firms authorised by the FSRA can undertake Regulated Activities in ADGM.

The FSRA advises the market and investors not to deal with any firm until it is verified that the firm is authentic and has been granted the appropriate Financial Services Permission by the FSRA to undertake Regulated Activities in ADGM.

Anyone with concerns about a website or a firm purporting to be incorporated or registered in ADGM should check ADGM Registration Authority’s Public Register. To determine if an entity has a Financial Services Permission to conduct Regulated Activities in ADGM, search the FSRA’s Public Register.