The Winter 2022 edition of International Banker features my article "Economic and Financial Abuse: How Can Financial Services Address and Reduce Economic Abuse?".
The COVID-19 crisis has significantly shaped the public perception of domestic abuse and now is the ideal time to address that which negatively impacts victims of financial and economic abuse. Financial abuse is one of the many forms of domestic abuse and is now recognised in statute in the Domestic Abuse Act 2021. This article explores how banks and financial services may be unintentionally, or blindly, facilitating one of the most devastating forms of abuse, and what can be done to prevent it.
You can read the full article here or in print.
£66 billion: a figure higher than the cost on the economy of crime against individuals and five times higher than the cost of fraud. Yet, this figure is what domestic violence is estimated to cost the English and Welsh economy annually, according to the UK Home Office’s “The economic and social costs of domestic abuse” research report. As domestic abuse is brought to the forefront of the public and political psyche, now is the perfect time to address that which negatively impacts victims financially.
