BNW Developments issues alert over fake company agents targeting financial institutions
Dubai: BNW Developments has issued an alert following instances of individuals claiming to represent the company and approaching banks and financial institutions in the UAE and other markets. The company has clarified that it has not authorised any individual to represent, communicate, issue instructions or otherwise act on its behalf with banks or financial institutions in relation to such…
Dubai-based BNW Developments has issued a warning regarding fraudulent individuals impersonating the company and approaching banks and financial institutions across the UAE and other markets. The company has made it clear that no one has been authorized to represent, communicate with, provide instructions to, or act on behalf of BNW Developments with banks or financial institutions regarding such approaches.
The company has urged banks, financial institutions, and other relevant parties to exercise due diligence and independently verify the credentials and authority of anyone claiming to act on behalf of BNW Developments before trusting any communication, instruction, or representation. A BNW Developments spokesperson emphasized the importance of protecting the company's institutional relationships and safeguarding its stakeholders.
The company clarified that any communications, requests, undertakings, transactions, or representations made by individuals without proper authorization should not be considered as official company communications. BNW Developments maintains its official and authorized channels for all institutional and business engagements and advises stakeholders to contact the company directly if they have any doubts about the authenticity of a communication or representative.
Written by urgent.news from Gulf News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
