The UAE Securities and Commodities Authority (SCA) has issued an urgent public alert regarding an unauthorized organization falsely presenting itself as a financial regulatory body. Operating under the name ‘Gulf Higher Authority for Financial Conduct’ through the domain www.financialgcc.com, the entity has been making fraudulent claims of possessing supervisory jurisdiction over financial operations within the Emirates.
In an official communiqué released on Wednesday, December 3, 2025, the federal regulator clarified that this organization holds no licensing credentials or legal mandate to oversee financial activities. The SCA emphasized that the entity’s representations are entirely illegitimate and potentially constitute financial fraud.
Financial market participants and investors have been strongly advised to exercise extreme caution. The authority recommends thorough verification of any firm’s regulatory status before initiating fund transfers, entering contractual agreements, or disclosing sensitive personal information. This precautionary measure aims to prevent potential financial exploitation and identity theft.
The SCA maintains its position as the exclusive federal institution empowered with licensing, supervision, and enforcement authority across the UAE’s financial markets ecosystem. This jurisdiction encompasses investment firms, brokerage services, and associated financial intermediaries.
This recent advisory follows a similar warning issued on November 19, 2025, when the regulator identified another sophisticated impersonation scheme targeting Emirates Investment Bank through cloned digital platforms and falsified documentation. The recurrence of such incidents highlights the evolving nature of financial fraud in the region and underscores the critical importance of regulatory vigilance.
The authority continues to publish regular alerts concerning unlicensed operators and fraudulent websites as part of its ongoing consumer protection initiatives. Market participants are encouraged to consult the SCA’s official channels for authentic regulatory information and verification services.