Handling financial abuse
What is financial abuse?
Financial abuse occurs when one person controls another person's ability to manage or access their own money. In some cases this can take the form of someone coercing an individual to make financial decisions that are not in their best interests. Although financial abuse is most commonly found in personal relationships, businesses can also be affected.
Examples of financial abuse include:
- Preventing someone from accessing their own account or a jointly controlled account.
- Stealing money from a partner or family member or business associate.
- Putting debts in someone else’s name.
- Taking advantage of someone with a mental or physical impairment to take money from them.