Recognising Financial Harm

Signs of financial harm are:

  • Bills being unpaid
  • Signatures on documents that are not the authorised signatory
  • Sudden changes in a bank balance
  • A change to someone's spending habits
  • Changes to bank details e.g. a new name on the account
  • A surprised change to a will
  • Valuables going missing
Financial harm can be experienced by a victim of domestic abuse, or alternatively the abuser may be taking advantage of the trust that their victim has given to them, and the victim is not aware that they are being stolen from. It may well be that the abuser is experiencing financial problems themselves and feels that the person that they are stealing from can afford to lose some of their money.

In some cases, particularly fraud, the victim may not know the person who is stealing from them, e.g. internet fraud could be being committed by someone on the other side of the world.

 

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