You May Be a Victim of Forex Fraud - BEWARE!!!

[Divya P]

Namah Shivaya All

Please spare a few minutes to read through the forwarded mail below. It was an incident that happened to one of my colleagues. After reading though this mail, one of our friends in the college has checked his transaction in the below mentioned portal and was shocked to see that fraud transaction for huge amount (in lakhs) has happened in his name also. So, please don't ignore this message and pass it onto your friends, family, relatives, colleagues as well, to stop them from being victims of such illegal activities.

---------- Forwarded message ----------
Date: Fri, Nov 25, 2016 at 10:52 AM
Subject: [OT] Being a victim of Forex Fraud - Be Aware
To:

Namah Shivaya,

I am mailing you to share an incident in which the UAE Exchange Oachira Branch (and suspected few other branches) have used my Passport copy & number to conduct  Foreign exchange transactions to others without my consent. In case you have transacted with UAE Exchange I request you to kindly check all the transactions and get the original receipts (signed, sealed and complete) from them to make sure your identity has not been misused by them.

I usually get foreign exchange from UAE Exchange Oachira branch for my conference travels. They have used my passport copy (which they have) and used it to do forex transactions to unknown people without my consent last month. I suspected this when I got an automated message from UAE Exchange that said "Thank you for your transaction". I thought it as a "system error". Anyways, I followed it up with the customer care and even they told initially that it could be "system error". However, I mailed and asked the branch manager to mail me saying that "no transaction has happened using my identity on that particular date". As suspected, they did not send me any email. After consistently calling and bugging them, finally they sent me a receipt for that fraud transaction - it said that I had transacted an amount of money and converted it to Pounds since I was going to England!! To top it up, the receipt that they sent me had only a signature of the teller. Please be aware that such receipts are both INVALID and FAKE. A receipt needs to be signed by the customer, the teller and stamped by  UAE Exchange.

Later, I also found out that this was not an isolated incident. One of my friends' foreign exchange for a large amount was also not entered in their system.

So, I request you, in case you have transacted with UAE Exchange or any other forex places, please confirm all your transactions through their online portal. All your transactions must be present in there, and if you suspect a fraud transaction misusing your identity, please ask the branch manager to mail you the original receipts for those transactions or a confirmation mail that such transactions have not taken place. Otherwise, it is very much possible that our identities are being misused for money laundering, or other illegal activities. In case you suspect, please report such incidents immediately to the police.

Note: The online portal to check your transactions with UAE Exchange is https://www.uaeexchangeindia.com/ . Go to login (on the top right) and click on customer login. You will need to enter your mobile number, and then click on "generate OTP". Once you get the OTP in your mobile, please enter it in that field and click on login. The next page should show all your transactions. You may click "view more" to see all other transactions as well. In case you note any discrepancy please call the customer care / branch manager to confirm.

Thank you for reading through this rather long email, and I request you to make aware your friends' and family who might have transacted not just with UAE Exchange but any other place too.

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Thanks & Regards,

Divya P
Research Associate
Amrita Center for Wireless Networks & Applications
Amrita Vishwa Vidyapeetham (AMRITA University)
Amritapuri, Kollam-690525

Kerala, India.

Tel.: 0476 2804147 (office)

Email : div...@am.amrita.edu