Abu Dhabi warns residents, tourists against fake currency dealers

Abu Dhabi warns residents, tourists against fake currency dealers

Image courtesy: WAM

The Abu Dhabi Judicial Department (ADJD) has warned residents and tourists against falling prey to ‘fake’ currency exchange dealers with lucrative offers.

“The Abu Dhabi Judicial Department warns against falling behind fake offers to sell currencies at reduced prices, which are in fact forged or belong to suspicious sources,” the ADJD said in a video shared on its social media accounts.

ADJD said scammers, fraudsters, and currency counterfeiting gangs take advantage of the holiday period to offer foreign currencies at reduced prices through social media. These counterfeit gangs lure people through social media platforms and advertisements.

دائرة القضاء في أبوظبي تحذر من الانسياق وراء عروض وهمية لبيع عملات بأسعار مخفضة، والتي تكون في حقيقتها مزورة أو تعود إلى مصادر مشبوهة.#النصب_والاحتيال #خلك_واعي #بيع_العملات_المزيفة pic.twitter.com/aGNdTlc65k

— دائرة القضاء-أبوظبي (@ADJD_Official) August 17, 2023

“People should avoid such ‘lucrative’ offers and refrain from exchanging money using such dubious deals,” the ADJD cautioned in a statement. The department urged the public to always use authorised money exchange houses or banks in the country to exchange foreign currency.

The authority also called on all individuals and entities to avoid dealing with these gangs as they are involved in money laundering and promoting counterfeit currency notes.

Finance and investment scams

Meanwhile, Dubai