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Legal and Ethical Insights on Financial Abuse

Course Details

Description

Financial abuse is a hidden yet pervasive issue that affects individuals across all demographics. It occurs when a person restricts another’s access to money, manipulates their financial decisions, or misuses their assets without consent. This form of abuse is often committed by a partner, family member, carer, guardian, or friend, and when it happens within a domestic setting, it is classified as family violence.

This self-paced online course is designed to equip professionals in finance, banking, legal, and community sectors with the knowledge to identify, prevent, and respond to financial abuse effectively.

With a strong focus on Australian regulations, including the Banking Code of Practice, this course delves into key legal and ethical considerations, and best practices for safeguarding vulnerable individuals.

Who Should Enrol?

This course is ideal for:
✔️ Banking and finance professionals
✔️ Mortgage brokers and financial planners
✔️ Legal practitioners and compliance officers
✔️ Community workers and advocates for vulnerable individuals
✔️ Anyone seeking a deeper understanding of financial abuse and ethical financial practices

By the end of this course, participants will be equipped with actionable knowledge and strategies to help detect and prevent financial abuse, ensuring ethical financial management and compliance with Australian banking standards.

Enrol now and enhance your expertise in financial abuse prevention!

Estimated Time To Complete

Approx 2 Hours

Learning Outcomes

By the end of this course, you will be able to

Explore the different forms of financial abuse, its impact on individuals, and its links to other forms of coercion and control.
Gain insights into Australian laws, banking policies, and ethical responsibilities for financial professionals.
Recognise financial abuse in personal, corporate, and elder care settings, particularly among vulnerable groups such as the elderly and individuals with disabilities.
Discover proactive approaches to detect, report, and mitigate financial abuse in compliance with industry best practices.
Understand how banks, mortgage brokers, and financial services professionals can uphold ethical responsibilities and support affected customers.

Topics

Current legislation and regulatory arrangements
Financial abuse – types, forms and vulnerable circumstances
Banking code of practice and financial abuse
Recognising potential financial abuse
Industry guideline

Requirements

Computer, tablet or mobile
Internet Connection
Edge, Safari, Chrome or Firefox

Course Delivery

Online Learning

Course Access

12 Months

CPD Hours

1 Hours

Assessment

Multiple Choice

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