The campaign aims to curb unlicensed financial activities and fraudulent practices carried out by unauthorized companies, as well as to combat the recent surge in complaints received by the SCA from investors and other members of the public. These complaints often involve individuals being contacted by phone or email from fraudulent or unlicensed companies, enticing them to participate in investment activities with promises of high returns, which ultimately expose them to significant financial losses.
The campaign seeks to warn the general public against engaging with any unlicensed financial activities and to raise awareness about the deceptive methods employed by such companies. These methods include impersonating legitimate, licensed firms, fabricating forged documents and commercial or professional licenses, and using other fraudulent tactics. The campaign also encourages all segments of society to report such companies through the official channels of the relevant regulatory authorities in the country.