Guide to Avoiding Scams and Financial Abuse

This guide serves as a comprehensive resource aimed at helping individuals recognize and prevent scams, fraud, and elder financial abuse. It outlines the vulnerabilities that can affect anyone, particularly older adults, who may be at a higher risk of financial exploitation. The guide emphasizes the importance of understanding the various types of scams, including remote access scams, investment scams, and relationship scams, and provides practical advice on safeguarding personal finances. It details the warning signs of elder financial abuse and offers steps for individuals to take to protect themselves and their loved ones. Additionally, the guide includes information on the roles of caregivers and attorneys, as well as resources for finding further assistance. Developed by the Commonwealth Bank of Australia in collaboration with community and academic experts, this guide aims to empower readers with knowledge and strategies to minimize the impact of financial abuse and fraud.