What is financial abuse? Financial Abuse occurs when money is used as a means to gain power and control over another person. Financial abuse can trap people in an abusive relationship, and may also impact on their ability to stay safe if they decide to leave. For an overview of financial abuse, and how recognise the signs, download the summary.
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The Commonwealth Bank launched the Safe and Savvy awareness program to help older Australians protect themselves from financial abuse.
Safe and Savvy is designed to help safeguard older Australians and their families from elder abuse, fraud and online scams. It was developed in collaboration and consultation with seniors’ rights advocates, subject matter experts and elder abuse support service organisations.