Adverse loading on fraud database

colsten

charb87 said:

thats a shame children/ young adults are being used at the hands of criminals, i guess this is why bitcoin was invented.

CASH is a huge problem in this world.

BUY BITCOIN

Says the bitcoin trader who has a first party fraud CIFAS marker, assuming they told the truth in this thread https://forums.moneysavingexpert.com/discussion/6246436/barclays-bank-put-cifas-marker-on-me-and-shut-my-account-down-without-providing-cifas-proof

born_again

charb87 said:

born_again said:

APAlison12 said:

I’m not going to bother with this site.  My son was 17 in January is a prefect has very little money doesn’t but or sell on eBay has received 7snd 8s in his GCSEs and is studying  history maths further maths and business studies.  Thanks for the advice that at 17 he will need to reconsider his career.  I have applied to cifas but having trouble with proof of address as he has no printed statements and. Cifas would not accept letter with National insurance number on as it was over 3 months and I am awaiting a letter from his school as they said this would be accepted.  I am in a massive state of worry.  The letter states exactly the same thing as the other person.  The banks are unhelpful - he is only just he again received an award from the school for hard work today.  I am a teacher and his step dad works in finance.  I’ve read some of the threads in here and it seems it is a case of guilty until proven innocent 

If you want to work in banking/finance then you need a squeaky clean financial/criminal record. A friend got taken out off department and dismissed as his partner was declared bankrupt. 
If you have a fraud marker then you would be lucky to get a reply to any application.

that seems insane to me unless they held a joint account that went / declared bankrupt

It's part of the contract. As anyone that is in unstable financial situation is a higher risk. 

born_again

APAlison12 said:

the risk posed by a 17 year old with the most he has had in his bank account in a year is a balance of 300.  I have his statements he has paid money to friends who have paid it back.  He is honest and kind and goes to church, reads out prayers in church, studies hard, has an old broken phone no flash goods.  

With a marker against his name he’s being treated as guilty and we WILL prove his innocence.  Thank you for support.  And I have a first class degree myself and am fully aware of the implications from this!!

I think you are not grasping the issue.
Just because he has not had large amounts of money in/going through the account does not mean there is not problem. Just the same as he goes to church. Do church goers never commit crimes?
One of his friends may have been caught out. But I would fully have expected his bank account to have been closed in that case

So I would lean to it just being a simple error somewhere and wrong details entered to CIFAS. Which the SAR should clear up.

APAlison12

.........   

charb87

you really shouldnt listen to the media. although the power at the moment being used it scary :O

Cash is used by criminals alot more than btc

charb87

i do hope you get to the bottom of this for your son though i really do cause i know banks get it wrong

eskbanker

APAlison12 said:

He’s not being used by lending a friend from school the odd 20 or 30 here or there.  There’s no law against that. 

That depends on the original source of the money that's used to repay the loans.

Anyway, this is all just speculation, so it's probably best to wait until further information is available and take it from there....

APAlison12

......  ......,

Armorica

APAlison12 said:

The original source of the money is birthday Christmas money and £40 a month from mum!!!!

As born_again says, it's either an error in which case the access requests, looking up credit report, and speaking to the bank out to resolve over time.
Or he/friends have been caught up being used as money mules - to and from friends (or potentially loose acquaintances) frequent small amounts over time is one of the text book cases. It may have been pooled together in an account further down the line and then tracked back.  The ones involving thousands rather than tens are more likely to appear in the press though. 

https://www.thisismoney.co.uk/money/beatthescammers/article-8620267/Students-told-beware-offers-easy-money-reports-money-laundering-rise.html

Thrugelmir

masonic said:

charb87 said:

thats a shame children/ young adults are being used at the hands of criminals, i guess this is why bitcoin was invented.

CASH is a huge problem in this world.

BUY BITCOIN

Bitcoin was invented so criminals don't need to use children/young adults to launder their money? 

Drugs are sold for cash. The cash then needs to be "legitimised" first. Bitcoin doesn't buy itself.