Financial abuse is a form of family and domestic violence that occurs when an abuser uses money and resources to gain control of their partner or family member. It can be a hidden epidemic that occurs in the community through a lack of awareness and understanding, often because it's harder to recognise than other forms of abuse.
Financial abuse can be influenced by factors such as culture, disability, addiction, mental illness and bereavement, amongst other things. It's important to understand what it looks like, so that you can take action and get support.
Abuse in transaction descriptions
This is a form of financial abuse in which someone is sent transactions with threatening or harmful descriptions.
Abusive descriptions could include:
- Abusive, degrading or hateful language
- Threats of physical violence to the self or to the recipient
- Repeated, unwanted requests and/or comments.