Financial Exploitation​

Financial exploitation is a serious issue that affects many individuals, especially vulnerable populations such as the elderly and those with cognitive impairments. This type of exploitation involves the illegal or improper use of someone else’s finances or assets, often without their knowledge or consent. We are committed to raising awareness and providing resources to help protect against financial exploitation.

Understanding Financial Exploitation

Financial exploitation can take many forms, including:

• Unauthorized Transactions: Using someone’s bank account, credit card, or other financial resources without permission.
• Misuse of Power of Attorney: Abusing the authority granted to manage someone’s financial affairs.
• Fraudulent Schemes: Deceptive practices designed to trick individuals into giving away money or personal information.
• Coercion: Forcing or pressuring someone to change their financial arrangements or make unwarranted transactions.

Recognizing the Signs of Financial Exploitation

Being aware of the signs of financial exploitation is crucial in preventing it. Common indicators include:

• Unusual or unexplained bank account activity
• Missing funds or valuable possessions
• Sudden changes in financial documents, such as wills or power of attorney
• Unpaid bills or notices despite adequate resources
• Isolation from friends and family members

Preventive Measures

Taking proactive steps can help protect against financial exploitation. We provide education and resources on the following preventive measures:

• Regular Financial Reviews: Regularly reviewing financial statements and transactions can help identify any suspicious activity early.
• Trusted Contacts: Designating a trusted individual to monitor financial activities can provide an extra layer of oversight.
• Securing Financial Information: Keeping personal and financial information secure, both online and offline, is essential to prevent unauthorized access.
• Educating Vulnerable Individuals: Educating those at risk about common scams and warning signs empowers them to protect themselves.

Our Commitment to Education and Support

We believe that education is the first line of defense against financial exploitation. We offer resources and workshops to help individuals and families understand the risks and learn how to safeguard their finances. Our team is dedicated to providing compassionate support and guidance to those who may be affected.

Get Involved

If you suspect that you or someone you know may be a victim of financial exploitation, it’s important to take action immediately. Contact our team in Edmonton for advice, resources, and support. Together, we can work to protect the financial well-being of our community’s most vulnerable members.

Visit our website or call us today to learn more about how we can help you safeguard your financial assets and ensure peace of mind for you and your loved ones.