Dubai Police Dismantle Gang Running Fake Firms for Bank Card Fraud

Dubai Police have arrested members of an international gang that set up bogus companies to siphon money from stolen bank cards.

According to investigators, the suspects registered fake commercial entities that had no real market presence, using them as fronts to mislead banks and regulators. These shell companies served as channels to transfer and exploit illicit funds.

The operation was the result of extensive monitoring and close coordination with strategic partners, police said. A specialised team at the General Department of Criminal Investigation’s Anti-Fraud Center tracked the gang’s activities, eventually uncovering their fraudulent methods and referring the culprits to judicial authorities.

Officials urged residents and businesses to remain alert and report suspicious behaviour via the Police Eye platform.

This latest crackdown follows a series of similar cases. Just last month, Dubai Police arrested two fraudsters who manipulated victims into sharing banking credentials or opening digital wallets. The duo then used those accounts to move scam proceeds across a network designed to disguise the money’s origins and frustrate tracking efforts.

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