The Abu Dhabi Global Market Financial Services Regulatory Authority (ADGM FSRA) has issued a regulatory alert warning the public of unauthorized use of the ADGM Academy name, logo, and branding in fraudulent investment and trading schemes operating across third-party websites and messaging platforms, including WhatsApp.
- Alert Date: November 9, 2026
- Fraudulent Activity: Unauthorized investment opportunities and trading services using ADGM Academy identity
- ADGM Academy Status: Not licensed to offer investments, provide trading services, or collect public funds
- Warning Focus: Funds requested for transfer to bank accounts outside the UAE
The ADGM Registration Authority confirmed that third parties unaffiliated with ADGM have created fraudulent websites and communication channels falsely claiming association with the ADGM Academy. The scheme targets members of the public with purported investment opportunities while requesting payments and personal or financial information. The regulator emphasized particular caution when fund transfers are directed to accounts outside the United Arab Emirates.
The unauthorized impersonation of ADGM, the ADGM Academy, or other government-related entities constitutes serious offenses under ADGM legislation and UAE Federal law. Violators face potential regulatory enforcement action, including financial penalties imposed by ADGM, as well as referral to law enforcement authorities and the Public Prosecution for criminal investigation and prosecution.
The regulator advised individuals who suspect they have been affected by these activities to report the matter to relevant law enforcement authorities and seek legal counsel. Information on cybercrime reporting and digital security resources is available through the UAE Government Portal’s Cyber Safety and Digital Security section.
