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Corporate Laws Central Ministry of Finance International Financial Services Centres Authority Act, 2019

IFSCA issues press release regarding Public Advisory: Safeguard Yourself Against Online Scams & Frauds.

09-Jul-2025 | NA

IFSCA has issued a press release regarding Public Advisory: Safeguard Yourself Against Online Scams & Frauds.

By virtue of this press release, IFSCA has advised to be cautious towards fraudulent activities by unscrupulous entities and misleading financial consumers as a duty to protect the interests of consumers availing services in the IFSC.

Also, IFSCA has advised its Financial consumers to exercise caution, remain vigilant and also, to follow the prescribed guidelines to protect themselves from scams and frauds. Some of them are as follows:
1. Be cautious when receiving unsolicited messages or investment offers related to GIFT IFSC.
2. Scammers may impersonate IFSCA officials, senior executives of financial entities, or celebrities to gain public trust. So, always verify whether the entity offering financial products or services in the IFSC
is registered, authorised, or licensed with the IFSCA, and the names and contact details of IFSCA officials are available on the website of IFSCA.
3. Review all relevant documents, terms and conditions carefully and be fully aware of the risks involved before investing or entering into any transaction.
4. Report promptly to the Division of Consumer Education and Protection, IFSCA, in case of any suspicious or unregulated financial activities relating to the IFSC.

Kindly refer to the attached document for more information.

Upgrade to paid version to access the Notification, Circular & Rules along with the checklist

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