Dubai regulator warns of AI scam using fake 'box of cash and gold'

The Dubai Financial Services Authority (DFSA) has issued a warning about a scam targeting the public in which fraudsters impersonate the regulator. The scammers present themselves as an officer in the DFSA's fictitious Compliance Department and falsely claim that the DFSA is holding a box containing cash and gold bars belonging to the recipient.

They demand a 11.1% fee to "move" the package out of the country. To appear legitimate, scammers send AI-generated images depicting the package on a desk at the DFSA's offices, with the recipient's name and address displayed alongside the DFSA logo. The DFSA emphasizes that it does not hold or transport money or assets, does not charge a "leaving the country" fee, and does not use email addresses ending in "@dfsaofficals.com".

Recipients should be cautious of unsolicited communications, pressure to act quickly, and requests for advance fees or secrecy. The DFSA advises against sharing sensitive information and recommends contacting the organization independently using official contact details. If you have already paid, contact your bank immediately.