An Application Fraud CIFAS marker is recorded where a financial institution believes that a fraudulent application was made to obtain financial services. This is one of the most serious CIFAS markers and can have a significant impact on banking, credit, and employment opportunities. However, an Application Fraud marker does not require a criminal conviction and, […]
Asset Conversion CIFAS Marker
An Asset Conversion CIFAS marker relates to allegations that funds or assets were converted in a fraudulent way, usually in connection with goods or property that were subject to finance, hire purchase, leasing, or similar agreements. This marker is often applied in complex situations involving contractual disputes, misunderstanding of ownership rights, or financial pressure, rather […]
First Party Fraud CIFAS Marker
A First Party Fraud CIFAS marker is applied where a financial institution alleges that the account holder themselves committed fraud. This is one of the most serious CIFAS markers and can have long-term consequences. However, a First Party Fraud marker is not a criminal conviction, and in some cases it may be applied incorrectly, disproportionately, […]
Insurance Fraud CIFAS Marker
An Insurance Fraud CIFAS marker relates to alleged misrepresentation or dishonest behaviour in connection with an insurance policy or insurance claim. These markers are often applied following disputed claims, inconsistencies in policy information, or allegations that a claim was exaggerated or misleading. While insurers have specific statutory remedies where fraud is established, an Insurance Fraud […]
False Application CIFAS Marker
A False Application CIFAS marker relates to a financial application where information is alleged to be incorrect, incomplete, or misleading. These markers are frequently applied following credit, banking, insurance, or finance applications and can have long-lasting consequences, even where the inaccuracy was minor, unintentional, or the result of misunderstanding rather than deliberate deception. This page […]
Misuse of Facility CIFAS Marker
Misuse of Facility CIFAS Marker A Misuse of Facility CIFAS marker is one of the most commonly applied fraud risk markers in the UK. It is also one of the most misunderstood. Many people affected by this marker did not intend to commit fraud. In a significant number of cases, the marker arises from being […]
Cifas Marker Removal | How To Make a DSAR and Complaint
How a man lost over £14,000 to an investment scam and requested a refund from Halifax, but the Financial Ombudsman ruled against his complaint.
