The Abu Dhabi Judicial Department reminds residents to choose formal, licensed financial institutions and companies when exchanging currency, and not to seek small profits and look for currency exchange sources online to avoid falling into counterfeit currency scams.
The Justice Department has warned that the current holiday period has led to increased activity on social media networks by scammers offering foreign currency at rates that are more "attractive" than market rates.However, the currency provided by these scammers may be counterfeit, and even if it is not counterfeit, these foreign currencies may get the exchanger into unnecessary trouble because of their unknown origin.Therefore, the general public is reminded to be cautious when trading foreign exchange and choose reliable exchange rates and sources.At the same time, the judicial department will strengthen supervision of the foreign exchange market, crack down on illegal activities such as remittance fraud, and protect the legitimate rights and interests of the general public.
Some scammers use the holidays to market on social media platforms, claiming to offer attractive currency exchange offers.However, the department urges the public not to be deceived and believe in these deceptive advertisements and offers.
