The banks and financial elder abuse

How banks train their staff to identify and respond to suspected elder financial abuse.

Ellen Fanning interviews Anna Bligh, recently retired CEO of the Australian Banking Association (ABA).

They discuss the Association’s guidelines for protecting customers from potential financial abuse. These are used as a basis for training bank tellers to deal with these sensitive issues while respecting privacy and confidentiality.

She explains how banks implement the obligation to alert someone to the fact that there is unusual transactions on their account.