Fighting Back Against Financial Fraud: Understanding and Overcoming CIFAS Markers 

As International Fraud Awareness Week unfolds, it’s the perfect time to focus on financial literacy and fraud prevention. In this article, we explore CIFAS markers—a serious financial alert that can have a lasting impact on your life. Staying informed and taking preventive steps are key to protecting yourself from fraud and building a more secure financial future. 

What is a CIFAS Marker? 

A CIFAS marker is a red flag placed on your credit file, indicating potential fraudulent activity. This can significantly impact your financial life, making it difficult to access essential services like banking, credit, and loans. 

Why does a CIFAS marker occur? 

CIFAS markers are typically placed due to allegations of serious financial misconduct, such as: 

• Identity Theft: When someone illegally uses your personal information to commit fraud. 

• Fraudulent Applications: Submitting false information to obtain credit or loans. 

• Money Laundering: Engaging in activities to disguise the origin of illegally obtained funds. 

• Unauthorised Transactions: Unauthorized access to and use of your financial accounts. 

How can CIFAS markers be removed? 

CIFAS marker removal can be challenging, involving complex areas of law. So, before you begin the process, it is always best to seek legal advice from a solicitor who is an expert in this area. They will be able to advise you on whether removing your marker is likely to be possible and the steps you will need to undertake to do so. 

A CIFAS removal expert, like Jeremy Asher, can help you navigate the complex process of removing a CIFAS marker. They can: 

1. Investigate the Circumstances: Understand the specific reasons for the marker. 

2. Challenge the Marker: Dispute the accuracy of the information. 

3. Negotiate with Credit Reference Agencies: Advocate on your behalf. 

4. Provide Legal Advice: Guide you through the legal implications. 

Jeremy Asher: A Pioneer in Financial Fraud Awareness 

Jeremy Asher, a leading figure in the fight against financial fraud, has dedicated himself to helping individuals affected by wrongful CIFAS markers. He has witnessed firsthand the devastating impact of wrongful CIFAS markers on individuals and families. His passion for consumer rights and financial literacy has led him to establish a national fraud awareness education program. 

“My work brings me into contact with potential clients who have been debanked and who have fraud markers applied to their credit records.  Many people impacted are young who have unwittingly agreed to move money for others without realising that there are criminal actors behind these requests – such activity is called money muling.  They fall into the trap of believing that they are helping family or friends, or they may think they are being invited to learn about trading cryptocurrencies.  Once marked to a fraud database, most likely Cifas, their lives are adversely affected because they are cut off from mainstream banking and credit facilities, some career paths, and many are caused hardship because without a bank account they cannot be paid.”

The Financial Fraud Awareness Campaign: A comprehensive approach to protecting communities 

Driven by a desire to protect individuals and communities from the devastating impact of financial fraud, Jeremy Asher co-founded the Financial Fraud Awareness Campaign (FFAC). What began as a single presentation at a local school has evolved into a nationwide movement. This initiative aims to empower people of all ages with the knowledge and tools to safeguard themselves from financial exploitation. 

A holistic approach to financial security 

FFAC takes a holistic approach to financial fraud prevention, addressing the needs of diverse communities across the nation. The campaign focuses on: 

• Education and Awareness: Providing comprehensive training programs for individuals of all ages. 

• Community Engagement: Collaborating with schools, businesses, and community organisations to deliver tailored workshops and seminars. 

How Setfords can help with CIFAS marker removal

If you’re struggling with a CIFAS marker or need advice on financial fraud, contact Setfords today. We can provide the support and guidance you need to regain control of your financial future.