The recent, specific warnings issued by the UAE’s Securities and Commodities Authority (SCA) regarding unlicensed operations—including Global Capital Securities Trading (operating via www.gcfx24.com) and the fraudulent regulator claims by Gulf Higher Authority for Financial Conduct—are more than compliance alerts. They are direct notifications of impending financial fraud and asset loss.

These firms, which falsely claim to engage in regulated activities, are purpose-built for asset dissipation, often preceding the high-velocity corporate collapses we have seen recently in the UAE.

For investors, partners, or creditors caught in the fallout of such entities, the time for due diligence is past. The immediate priority becomes securing evidence and tracking the stolen capital. Conflict Advisory Group specialises in providing the urgent Asset Tracing and Litigation Support required to recover funds from these complex, unlicensed cross-border operations.

The Key Details Behind the SCA’s Warning

The SCA’s public alert highlights the exact mechanisms that enable these scams:

Unlicensed Status: The warning explicitly states that firms like Global Capital Securities Trading are not authorised to engage in regulated financial activities. This lack of licensing means there is zero regulatory oversight of client funds, making them highly susceptible to commingling and outright theft.
Affiliation and Websites: The firm operates out of a Dubai office affiliated with a larger entity, creating an illusion of legitimacy. They use sophisticated websites (www.gcfx24.com) to lure investors, appearing professional until the moment of collapse.
Fake Regulators: The simultaneous warning about the Gulf Higher Authority for Financial Conduct operating via www.financialgcc.com demonstrates the fraudsters’ tactic of creating an entire ecosystem of deception, attempting to mislead victims into believing there is regulatory backing.

Once the SCA issues a warning, the clock starts ticking for the inevitable closure and asset flight.

The Recovery Imperative: Why Tracing is Essential

When an unlicensed firm shuts down, the recovery challenge is magnified because there is no robust regulatory paper trail to follow. Fraudsters deliberately exploit this lack of official oversight to maximise asset dissipation.

1. The Need for Asset Tracing

Traditional recovery methods fail because the funds have already been moved out of the firm's direct control. Our Asset Tracing methodology is designed to follow the money outside of regulated banking channels:

Fund Mapping and Off-Ramps: We meticulously map the flow of capital, tracking money from the initial transfer to the final holding accounts. This often involves tracking movements across multiple international jurisdictions and identifying the "off-ramps" where the fiat money was converted to highly mobile assets like gold, property, or cryptocurrency.
Digital Forensics: Funds stolen by these modern scams are often laundered via digital assets. We employ advanced Blockchain Forensics to track the movement of crypto, identifying the ultimate beneficial owners (UBOs) of the receiving digital wallets.

2. Litigation and Enforcement Support

The intelligence gathered through tracing must be immediately actionable in court. Conflict Advisory Group ensures the data is usable for legal remedies:

Evidence Packaging: We transform complex financial and digital data into clear, court-admissible evidence reports for legal counsel. This documentation is crucial for proving the fraud and establishing ownership claims over the stolen capital.
Securing Freezing Orders: Our reports provide the necessary intelligence to secure civil remedies, such as Worldwide Freezing Orders (WFOs), against the newly identified assets. This is the critical step to prevent further dissipation and pave the way for successful recovery.

For victims of firms like Global Capital Securities Trading, the path to recovery is not through waiting for the regulator to act, but through immediate, intelligence-led Asset Tracing and Recovery to secure what remains of the capital.

If you or your client have suffered losses from an unlicensed or fraudulent firm in the UAE, immediate action is required. Contact Conflict Advisory Group for confidential Asset Tracing and Recovery support.