A review will be given of current developments in the UK of the increasingly recognised risks posed by financial abuse/financial scamming. Recent legislation, including the Care Act (2014) will be considered in terms of agency responsibility to protect vulnerable older adults at risk from financial scams. In particular there will be a focus on the implications for the financial industries such as retail banking and insurance, and how action in this area most vulnerable to financial scams. For example this may include an agreement that that organisations should only share information to other organisations via a clear opt in rather than opt out process to help avoid ‘suckers lists’, and that the banking sector should adopt a 24hour delay process on transactions above a defined threshold for those citizens who feel at risk of financial scamming. . Examples of research in the UK will be considered as well as the practical measures, in terms of partnerships and collaborations, which have been pursued to mitigate the prevalence and potential for financial abuse in the older population. These relationships include academic researchers working with Royal Mail, the police, social workers, trading standards organisations and others. Recommendations for interventions to reduce the prevalence and impact of financial abuse will be made.
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