Fraudsters claiming links to UAE royalty feasting off the wilfully ignorant

Key Points:

• Fraudsters falsely claim royal ties to access UAE's lucrative family offices.
• Minimal regulation in UAE makes due diligence on royal claims challenging.
• Global calls grow for stricter oversight in Gulf financial hubs.

Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here.

The seventh BizNews Conference, BNC#7, is to be held in Hermanus from March 11 to 13, 2025. The 2025 BizNews Conference is designed to provide an excellent opportunity for members of the BizNews community to interact directly with the keynote speakers, old (and new) friends from previous BNC events – and to interact with members of the BizNews team. Register for BNC#7 here.

If you prefer WhatsApp for updates, sign up to the BizNews channel here

By Ben Bartenstein, David Ramli, Natasha White and Alexander Sazonov

___STEADY_PAYWALL___