-= TSB, NATWEST, BARCLAYS, RBS, Santander, chase, coop, virgin and other banks blocked me.

SevenOfNine

I STUPIDLY fell for a scam, paid an 'invoice' to a named person, valid bank details confirmed by receiving bank (NatWest)........SCAM COMPLETE (I realised, pity my brain didn't activate a few minutes faster).

My bank (Lloyds) & receiving bank retrieved the money & I had it back in my a/c within 3 hours.  Seems like the recipient of the invoice was a 'mule', has let his a/c be used to receive money by a 'friend'.

Maybe the same as you, for what 'might' have seemed a valid reason....BUT WASN'T. 

TA8888

born_again said:

Mark_d said:

eskbanker said:

OP - you may feel obligated to your payer regarding confidentiality but will feel six years of financial pain by doing so if the transaction was reported to be fraudulent, so you might wish to reconsider priorities....

Will banks no longer be required to do anti-money laundering checks in six years time?

What @eskbanker is saying is that the marker sits there for 6 years.

That is automatic? THe marker dropping? How do you know?

The_Green_Hornet

TA8888 said:

born_again said:

Mark_d said:

eskbanker said:

OP - you may feel obligated to your payer regarding confidentiality but will feel six years of financial pain by doing so if the transaction was reported to be fraudulent, so you might wish to reconsider priorities....

Will banks no longer be required to do anti-money laundering checks in six years time?

What @eskbanker is saying is that the marker sits there for 6 years.

That is automatic? THe marker dropping? How do you know?

A Guide To CIFAS Marker Removal | Setfords

TA8888

The_Green_Hornet said:

TA8888 said:

born_again said:

Mark_d said:

eskbanker said:

OP - you may feel obligated to your payer regarding confidentiality but will feel six years of financial pain by doing so if the transaction was reported to be fraudulent, so you might wish to reconsider priorities....

Will banks no longer be required to do anti-money laundering checks in six years time?

What @eskbanker is saying is that the marker sits there for 6 years.

That is automatic? THe marker dropping? How do you know?

Am still not clear if the marker is auto removed after 6 years. Please explain. thanks

grumpy_codger

TA8888 said:

The_Green_Hornet said:

TA8888 said:

born_again said:

Mark_d said:

eskbanker said:

OP - you may feel obligated to your payer regarding confidentiality but will feel six years of financial pain by doing so if the transaction was reported to be fraudulent, so you might wish to reconsider priorities....

Will banks no longer be required to do anti-money laundering checks in six years time?

What @eskbanker is saying is that the marker sits there for 6 years.

That is automatic? THe marker dropping? How do you know?

Am still not clear if the marker is auto removed after 6 years. ...

How come?   

How long does a CIFAS marker last?

If you’re wondering how long do CIFAS markers last, the answer is that the records are held for six years, during which time you will be affected by the potential impacts listed below.

M25

TA8888 said:

TSB, NATWEST, BARCLAYS, RBS, Santander, chase, coop, virgin and other banks blocked me

From what you've said it sounds good news for the rest of us.

Something's working correctly.

If you have a threat to life or similar contact the police.

Emmia

friolento said:

born_again said:

Mark_d said:

eskbanker said:

OP - you may feel obligated to your payer regarding confidentiality but will feel six years of financial pain by doing so if the transaction was reported to be fraudulent, so you might wish to reconsider priorities....

Will banks no longer be required to do anti-money laundering checks in six years time?

What @eskbanker is saying is that the marker sits there for 6 years.

And in theory, you can get a new CIFAS marker at any time after your 6 years are up. All you'd need to do for this, for instance, is receive a payment from an anonymous source ...........

And of course banks could have internal systems with records indicating you had any previous accounts closed for suspected fraud. So even with the marker gone, you may find it difficult to open an account with some places.