The Qatar Financial Centre Regulatory Authority (QFCRA) has issued a warning to investors and the public about a fraudulent website operating under the domain “www.aaqinvestment.com”.
This website falsely advertises financial services such as loans, banking products, and investments, and falsely represents itself as the official website of AAQ Investment, operating under the domain “https://aaqholding.com”, a legitimate licensed firm in the QFC.
Despite claims on this fraudulent website that it is a Qatari company; the website has no connection to AAQ Investment, the QFC or Qatar.
"The QFCRA advises the public to disregard this website, avoid clicking on any links, and refrain from providing any personal information," it said.
AAQ Investment has no association with this website and does not provide financial services to the public. AAQ Investment is only licensed by the QFC Authority to provide the business of holding companies.
The QFCRA strongly cautions against interacting with the representatives listed on “www.aaqinvestment.com” for financial services or with anyone claiming to offer financial services on behalf of AAQ Investment.
“The QFCRA is committed to safeguarding consumers and takes every necessary action to combat fraudulent entities targeting investors and the public. We urge everyone to stay vigilant and always verify the identity of financial services firms and their representatives before engaging with them,” said Farah al-Muftah, Managing Director at the QFCRA.
The QFCRA is an independent regulatory body established in 2005 by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorise, supervise and, when necessary, discipline firms and individuals.
The QFCRA regulates firms using principle-based legislation of international standard, modelled closely on that used in major financial centres.
