Final Response from METRO Bank and CIFAS Marker Removal

DCFC79

So do you put the money from the money exchange service through the Meteo account ?

MalMonroe

Is a CIFAS marker on a credit report detrimental then?  I've had one put on my credit file because someone attempted to open a credit card in my name. It's all sorted out now and I didn't lose anything and have not suffered financially but have been told that a CIFAS marker will be placed next to my name. I've also been told that this will not be detrimental but that it will help financial organisations tighten up their procedures. I didn't really want a CIFAS marker on my file but it seems it's out of my hands. 

 Is it really such a bad thing?

MalMonroe

phillw said:

D3xt3r5L4b said:
No but it helps differentiating between a genuine letter/email and one from the Prince of Nigeria...

Not really. I forwarded a scam email from a bank that had lots of spelling and grammer mistakes and a "click here to login to your account" button, they replied saying that it wasn't a scam & they had sent it out.
Most scammers make it look so unbelievable that someone would have to overlook a lot, which makes the marks more likely to go ahead later. But not all scammers do that.
The worst advice ever is to trust something just because it has no spelling mistakes.

Your comment has a spelling mistake. To trust or not to trust? 

Even if I received an email stating it was from my bank I definitely would not click on any link to login to my account. I'd simply login to my online account in the usual way. And that's because Martin told me to. Feels safer that way too. 

fr33zy

MalMonroe said:

Is a CIFAS marker on a credit report detrimental then?  I've had one put on my credit file because someone attempted to open a credit card in my name. It's all sorted out now and I didn't lose anything and have not suffered financially but have been told that a CIFAS marker will be placed next to my name. I've also been told that this will not be detrimental but that it will help financial organisations tighten up their procedures. I didn't really want a CIFAS marker on my file but it seems it's out of my hands. 

 Is it really such a bad thing?

There are different catagories, CIFAS fraud types.  The one you describe appears to be as a "victim of impersonation" which is for your own protection.  The one described here is 'misuse of facilities' where the CIFAS marker is basically warning other lenders that I am a fraud and not to do business with me (so my account was closed, I can't open a new one elsewhere and will struggle to get any form of credit for the next six years). 

This link might give more info... https://www.checkmyfile.com/jargon/cifas-fraud-type.htm

fr33zy

DCFC79 said:

So do you put the money from the money exchange service through the Meteo account ?

If you read my earlier response, which I assume you did, you would know the answer to that is no.  The money is held is cash in a safe for daily trade and a safety deposit box for the long term until we can establish a business account.  No cash funds are deposited or have been deposited into Metro.  On one of a handful of occasions, a transfer was made into the account for a nominal sum of £500 for the purposes indirectly related to the business.  Metro is a personal banking account

Thrugelmir

fr33zy said:

DCFC79 said:

So do you put the money from the money exchange service through the Meteo account ?

On one of a handful of occasions, a transfer was made into the account for a nominal sum of £500 for the purposes indirectly related to the business.  

Indirectly?  Talk in riddles and it's hardly surprising the bank isn't wasting anymore of their time. 

John_

fr33zy said:

DCFC79 said:

So do you put the money from the money exchange service through the Meteo account ?

If you read my earlier response, which I assume you did, you would know the answer to that is no.  The money is held is cash in a safe for daily trade and a safety deposit box for the long term until we can establish a business account.  No cash funds are deposited or have been deposited into Metro.  On one of a handful of occasions, a transfer was made into the account for a nominal sum of £500 for the purposes indirectly related to the business.  Metro is a personal banking account

Even on here, you are coming across as dodgy as hell. The coincidences, unusual transactions, and apparent mixing of purposes of accounts does mean that you are leaving yourself open to this sort of thing happening.

fr33zy

Roll in the keyboard warriors haha.  I say indirectly related to the business as I do not recall what it was specifically for.  I can only assume that he did a transaction with my business partner and paid us at a later date.  The payment reference was 'dollars' so its possibly business related.  Either way, its an isolated transaction and we trade between 25-50k a day cash so its insignificant, until of course he bought my car a year later with questionable funds.  Hopefully CIFAS will see the funny side too. 

Dodgy as hell is an interesting statement.  I sold a car, got paid, buyer had issues, payment recalled.  I got my car back.  Hopefully the buyer won't see his funds if they were returned directly to the bank. The buyer is dodgy as hell, he possibly knew his funds were dodgy and tried to use me unknowingly to get the funds out of his account but didn't expect the backlash.  His statement shows a number of large cash withdrawals and a few small online gambling transactions in the weeks after the money was taken from my account.  Those debits put his account into overdraft by -1500 which still remains on current statement six months later.

D3xt3r5L4b

The more you post the less sense it makes and loses credibility. 

kaMelo

The problem you have is the more information you give the dodgier everything sounds.
It started out as selling a car and the funds were paid by bank transfer.
The funds were later withheld as their source was questionable and you got a CIFAS marker.
As this would mean you were without car and money, a victim of fraud, to give a victim of fraud a CIFAS marker seems just wrong and very heavy handed, OR, we're not getting the whole story.

Then a drip feed of information such as, buyer is friend of business partner and has in fact returned the car to you.
You and business partner run a currency exchange business which passes all regulatory requirements and pay all due taxes.
But you do not have a business bank account, preferring to deal in cash stored in safety deposit boxes and a safe. Then there is the odd "incidental" business transaction that you cannot recall much about or what it was for other than it was "probably" with other money exchanges where you do business "on trust" and pay later.  That money was put through a personal bank account, rather than the safety deposit boxes, (just a side note, where are these safety deposit boxes stored?) that happened to be the same one as where the car sale funds went.
So much for paying all due taxes.

To be quite honest here you are your own worst enemy. The more information you give the less trustworthy you appear.
The information you have provided here will no doubt have a slight garnish to it as well. As a result of all that I'm not surprised Metro did what they did, you sound dodgy as hell.