The Financial Services Regulatory Authority (FSRA) of ADGM has issued a public warning on November 5, 2026, alerting investors and the financial services community to a suspected fraudulent scheme operated by an entity claiming to be Airo Capitals. The firm, operating via airocapitals.com, has falsely claimed association with ADGM and represented itself as regulated by the FSRA, despite holding no such authorization.
The FSRA became aware that Airo Capitals has made misleading statements designed to convince potential investors that the firm is licensed and authorized to conduct regulated financial activities in or from ADGM. These false claims pose a significant risk to the public by creating a false impression of legitimacy and regulatory oversight. The authority expressed concern that such misrepresentation could expose investors to substantial financial losses.
Only firms explicitly authorized by the FSRA can undertake regulated activities within ADGM. The regulator advises investors to verify the authenticity of any firm before engaging in business by searching the FSRA’s Public Register for proper Financial Services Permission. Additionally, entities claiming registration in ADGM should be cross-checked against the ADGM Registration Authority’s Public Register to confirm legitimacy.
The FSRA has recommended that market participants and the public cease all dealings with Airo Capitals until its regulatory status can be independently verified. Individuals with concerns about websites or firms claiming ADGM incorporation are encouraged to report such entities through ADGM’s available support channels, including its whistleblowing form.
