FSRA warns fraudulent websites are impersonating Tungsten
Investors and onboarding teams must reject Tungsten-imitating websites not authorised by FSRA
Change
FSRA warned that tungsten-me.com, tgst-me.com and my-tungstens.com imitate regulated Tungsten Custody Solutions Ltd but are not authorised to conduct regulated activities in or from ADGM.
Why it matters
The alert creates an immediate impersonation-risk control point for ADGM-facing investors, counterparties and onboarding teams. Firms must distinguish the regulated Tungsten entity from fraudulent lookalike websites and verify authorisation through the FSRA Public Register before engaging.
Implications
- — Investor-protection and onboarding teams must block engagement with tungsten-me.com, tgst-me.com and my-tungstens.com because FSRA says the operators are not authorised in ADGM.
- — Counterparty due-diligence teams must verify any claimed Tungsten relationship against the FSRA Public Register before onboarding or transferring funds.
- — Compliance teams must escalate suspected impersonation of FSRA-regulated entities through the FSRA Complaints Portal and relevant cybercrime reporting channels.
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