Addressing Elder Financial Abuse: A Specialist's Perspective

Introduction

Explore the critical insights of a retired police detective on the challenges and nuances of tackling elder financial abuse in the UK, highlighting the gaps in resources and understanding within the police service and legal system.

The Challenge of Recognizing Elder Financial Abuse

Definitional Clarity and Training Gaps

Examine the obstacles in recognizing and addressing elder financial abuse, including the lack of clear definitions and adequate training for law enforcement and prosecutors.

Resource Allocation and Competing Priorities

The Dilemma of Finite Resources

Understand how elder financial abuse investigations often fall behind due to prioritization of resources towards more violent crimes, despite the growing risk due to demographic changes.

The Legal Framework and Its Limitations

Navigating UK Criminal Law

Delve into the complexities of applying existing criminal law to elder financial abuse cases, discussing the need for subtlety in legislation to adequately protect vulnerable adults.

Innovative Approaches and Alternative Legislation

Exploring Beyond Traditional Routes

Discover how alternative legislation, such as money laundering offenses under the Proceeds of Crime Act, can be effectively utilized in complex cases of elder financial abuse.

The Formation of a Specialized Consultancy

Bridging the Gap with Expertise

Learn about the establishment of a consultancy company by the retired detective, aimed at providing expert support and advocacy for tackling elder financial abuse and related financial crimes.

Highlighting the imperative for specialized knowledge and dedicated resources in combating elder financial abuse, this section underscores the retired detective’s commitment to safeguarding the most vulnerable members of society through expert investigative support and forensic accounting.