Adults at risk of Financial Harm
"We're very pleased to be working closely with the Scottish Government and other stakeholders in a combined effort to help vulnerable adults. This falls completely in line with the banks' commitment to protect its customers and actively engage with our community" ~ Chris Wilson, RBS MD for Branch & Private Banking in Scotland.
'Financial Harm' is not a new phenomenon, however the introduction of the Adult Support and Protection (Scotland) Act 2007 has served to accelerate the shift in emphasis from perpetrator to a victim focused approach, particularly by those partner organisations who strongly identify with a law enforcement role.
The future age demographic of Scotland over the next 20 years will present a challenge on an unprecedented scale. Our response to financial harm, if based on traditional thinking, is unlikely to meet that challenge. One of the significant successes of this project has been to engage with new partners from the financial services sector in the development of sustainable processes to assist with the early identification of those at risk.
National Stakeholder Workshop Report
The National Stakeholder Workshop was facilitated using Edward De Bono’s six thinking hats to encourage and drive lateral thinking across agencies represented. The focus was to collaborate on how stakeholder agencies involved in protecting adults at risk of financial harm can work better together:
Options Paper – Widening the Statutory Duty to Make Referrals and Cooperate with Inquiries
The Widening the Statutory Duty to Make Referrals and Cooperate with Inquiries Options Paper provides options on the proposal that was made at the National Stakeholder Workshop to widen the statutory duty to make referrals and cooperate with council inquiries (and with other agencies), to other agencies beyond those currently included in the Adult Support and Protection (Scotland) Act 2007.
Options Paper – Development of a National Pledge
The Development of a National Pledge Options Paper introduces a single policy pledge as a gateway for organisations, agencies and others to commit to a shared responsibility and contribute to a greater collaboration in tackling financial harm in Scotland.
Options Paper – Exploring the Concept of Multi-Agency Financial Harm Teams
The Exploring the Concept of Multi-Agency Financial Harm Teams Options Paper provides an initial response to the action identified at the national financial harm workshop, namely to 'explore the feasibility of introducing multi organisation harm teams similar to the ‘Financial Abuse Specialist Team’ concept currently implemented in California, USA':