أسئلة وأجوبة
The liability for introducing client to unlicensed OTC exchange house
Dear all,
My husband is a real estate agent who found a client who wants to exchange Chinese Yuan to USDT. He then found a friend's friend who runs an Over-The-Counter (OTC) exchange house that is not licensed in the UAE.
They agreed on a referral fee for my husband if the transaction is successful. The client transferred the CNY to the OTC exchange house and sent a screenshot of the transaction.
The OTC released the USDT to the client without checking if they had actually received the money.
One day later, the OTC realized that they had not received the money and the client had disappeared. The OTC is now threatening my husband to bear the loss because he introduced the client to them.
Can you tell me what the legal implications are for my husband?
Many thanks!
Dear Client,
Thanks for your question!
I hope you are doing well. I will definitely assist you in this matter.
It is important for your husband to consult with a legal professional who is familiar with the laws and regulations in the UAE.
In general, if your husband acted in good faith and was not involved in any fraudulent activities, he may not be legally liable for the actions of the OTC exchange house or the scammer client.
However, it will ultimately depend on the specific circumstances of the case and the applicable laws in the UAE.
For any further legal assistance, you can WhatsApp us. We have an extensive team of knowledgeable and experienced lawyers to provide the legal assistance you need.
We will definitely be happy to help you.
Thanks & Regards,
ABDUL WAHIED
