Financial abuse—detection and prevention
Produced in partnership with Helen Freely
Practice notesFinancial abuse—detection and prevention
Produced in partnership with Helen Freely
Practice notesFinancial abuse of the elderly by carers or members of their own family sadly seems to be on the increase. This can take the form of:
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people pilfering money or assets from vulnerable members of society
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getting online access to the victim’s bank account and taking money that is not for the benefit of the victim,
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an elderly person giving someone they trust their PIN number because they have difficulty getting to a cash point, and then that person abuses their trust and takes some cash for themselves
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vulnerable adults being encouraged or pressurised into changing their Wills
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situations where people are pressurised into signing over thousands of pounds worth of land or property to relatives who are not genuinely thinking of the elderly person’s best interests but their own
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losing money to telephone scammer who claim a bank account has been compromised and claim money needs to urgently be moved to a new account or other telephone scams such as taking control of the person’s telephone to gain access to banking applications
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