CIFAS marker on my name for first party fraud

Jonathan675 · 17 July 2017 at 4:30PM

Barcalys have put a CIFAS marker on my name for first party fraud.

It all started with lending my friend money here and there. After a few months I needed the money back, so my friend transferred me the money which was £300 into my account.

After a few days my online banking stopped working, I popped into the branch and they told me the money you recieved was fraudlent money, and my account will be closed because of that. I tried explaining what happened and that I literally didn't have a clue the money was fraudlent. But they was simply not interested.

After a few weeks I recieved my bank statement and it says 'account closing on 24th July 2017'.

So I thought no problems I'll take my business elsewhere, but every single bank I applied for, rejected me giving me hints about a CIFAS marker on my name for fraud.

Now, I don't understand why have I been called the fraudster? I recieved money that was owed to me and I cashed it out. I don't know how or where my friend got the money from, all I know is that I recieved my money and thats the end of it.

I have my student loan coming in real soon and I'm stuck without a bank to put the student loan into. I'm planning on dropping out my degree that's starting real soon because I won't have the money for resources.

I've requested a SAR from CIFAS and should be here in a few days.

How do I go about removing this CIFAS marker. It has really put my life on hold, as I literally cannot do anything without a bank account e.g. car insurance, bills, wages and contracts.

Will I have a good chance of getting this CIFAS marker removed? I'm starting to have sleepless nights just thinking about this CIFAS marker on my name.

Don80 · 17 July 2017 at 5:11PM

Hi

I don't know much about this, but I would suspect that it depends on why the bank think it was fraud. If they are justified in thinking that then they have a legal duty to report this on your credit file. In this case, it would be very difficult to open a new bank account.

There are prepay accounts which would allow you to send and receive money but they can charge about £20 a month. You would need to check if you'd be eligible with a CIFAS marker though...

The following may help
https://www.cifas.org.uk/dispute_a_warning_can_I_get_it_amended_removed

xylophone · 17 July 2017 at 5:28PM

Do you have a savings account that you can use pro tem?

Jonathan675 · 17 July 2017 at 6:09PM

xylophone wrote: »

Do you have a savings account that you can use pro tem?

Unfortunately not, I only had a current account with Barclays which they closed.

xylophone · 17 July 2017 at 6:11PM

You'll be raising a dispute? See link.

Giving up your course hardly seems a wise decision.

If you have no savings account, would it be possible for your grant to be paid into a parental account and paid to you by them while you sort this out?

Jonathan675 · 17 July 2017 at 6:31PM

xylophone wrote: »

You'll be raising a dispute? See link.

Giving up your course hardly seems a wise decision.

If you have no savings account, would it be possible for your grant to be paid into a parental account and paid to you by them while you sort this out?

I'll be raising a dispute in writing to Barclays once I recieve my CIFAS report, but I just wanted to know the chances of CIFAS marker getting removed from my name, because this could happen to anybody tbh, recieving fraudlent money.

I contacted Student finance england, they told me I cannot get the grant paid into a family members account, only way to recieve the grant is through a bank account on my name.

jonesMUFCforever · 17 July 2017 at 7:38PM

Sounds to me that the ''friend'' may have stolen the funds from somebody'else's account OP how well did you know them?

Chalkius · 17 July 2017 at 7:58PM

I'm surprised they told you in branch it was fraud. Thought that's considered tipping off, they normally close accounts and don't disclose why, they just refer to T&C's

robatwork · 17 July 2017 at 8:26PM

You haven't said what your friend...sorry "friend"..... says about this. Is he claiming it's all a huge mix-up or has he gone to ground?

GingerFurball_2 · 17 July 2017 at 8:34PM

The money didn't come from your friend
You whipped it out in cash straight away which looks dodgy
You probably knew your friend was at it

GingerFurball_2 · 17 July 2017 at 8:35PM

Chalkius wrote: »

I'm surprised they told you in branch it was fraud. Thought that's considered tipping off, they normally close accounts and don't disclose why, they just refer to T&C's

Tipping off refers to money laundering, not fraud.

CIFAS marker on my name for first party fraud

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