The DFSA alerts the financial services community and the public to a scam involving a fake DFSA employee identification card (Fake ID). 

A person using the name “Damir Angelov” falsely claims to be the “Chief Regulatory Officer” of the DFSA.  This individual uses a Fake ID bearing his name, picture, purported position at the DFSA, and the DFSA’s logo.

The DFSA informs you that:

• the DFSA does not employ, and has never employed, anyone named “Damir Angelov”;
• there is no role or position of “Chief Regulatory Officer” at the DFSA;
• the Fake ID was not issued by the DFSA, and the DFSA does not issue such employee identification cards; and
• the DFSA’s logo has been used on the Fake ID without permission or authorisation.

The DFSA strongly advises you not to respond to any communications regarding this scam, and under no circumstances should you send or give any money to any party connected to the scam.

The DFSA issued alerts on its website in relation to scams.  All alerts issued by the DFSA may be accessed by going to Alerts

The DFSA has also issued warnings and guidance about the common types of scams perpetrated on consumers. For more information on these scams, please go to How to avoid being scammed

The DFSA encourages consumers to refer to the list of regulated Firms and Authorised Individuals licensed by the DFSA that is available on the DFSA's Public Register

If you have any concerns about the authenticity of any correspondence or documents that purport to be issued by the Dubai International Financial Centre (DIFC), DFSA or a DFSA regulated Firm, you should direct your concerns to the DIFC on Tel: +971 4 362 2222 and to the DFSA via the DFSA Complaints function on Complaints