Understanding asset conversion markers

An Asset Conversion marker relates to financed goods that were allegedly sold, retained, or not returned in a way the organisation considers dishonest. With only around 350 cases annually, this is one of the lowest-volume marker categories.

The most common context is vehicle finance — where a car bought on finance is sold, traded, or not returned when the agreement requires it.

Civil dispute vs fraud

The critical question in most Asset Conversion cases is whether the situation is genuinely fraud or actually a civil/commercial dispute. CIFAS markers are for fraud — not for contract disagreements. If the dispute is about who owns goods, whether goods should have been returned, or what the finance agreement required, this may be a civil matter that should not carry a fraud marker.

• You believed you owned the goods and were entitled to sell them
• You offered to return the goods or settle the outstanding balance
• The finance agreement terms were unclear or misleading
• There is a genuine dispute about ownership, not dishonesty