Protection from Financial Abuse and Scams

KNOWLEDGE EXPECTED OF: QAFP® Professionals

Highest Knowledge Level: Awareness


Knowledge Levels and Associated Verbs


Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
Application
Ability to put information to use / to use knowledge for relevant, practical purposes
Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
Define
To state exactly the meaning of
Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
Compare
To note the similarities and differences between two or more things
Estimate
To determine an approximate value for
Calculate
To find the value using mathematics
Convert
To change from one form or purpose to another
Evaluate
To reach a conclusion or make a through careful study
Interpret
To give the meaning of / to construe or understand / to translate orally

Hold cursor over or click on each term to read its definition.

  • Define cognitive decline.
  • Identify warning signs of cognitive decline.1
  • Identify financial risks of cognitive decline, such as:
    • Poor decision-making
    • Susceptibility to financial exploitation and abuse
  • Define financial abuse.2
  • Identify common victims of financial abuse.3
  • Identify individuals who may engage in financial abuse.4
  • Identify examples of financial abuse involving pressure, force or trickery of the victim.5
  • Identify who an individual may contact if they believe they are a victim of financial abuse.6
  • Identify the role of the Canadian Anti-Fraud Centre (CAFC).7
  • Identify current fraudulent financial scams.8
  • Identify who an individual may contact if they believe they are a victim of fraudulent activity or a scam.9


REFERENCES


1 http://www.camh.ca/en/education/about/camh_publications/Documents/Flat_PDFs/IOR_Dementia.pdf  

   https://alzheimer.ca/en/about-dementia/do-i-have-dementia/10-warning-signs-dementia

2 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html 

3 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

4 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

5 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

6 https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm

7 http://www.antifraudcentre-centreantifraude.ca/index-eng.htm

8 https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm

9 http://www.rcmp-grc.gc.ca/scams-fraudes/index-eng.htm

KNOWLEDGE EXPECTED OF: CFP® Professionals

Highest Knowledge Level: Awareness


Knowledge Levels and Associated Verbs


Awareness
The state of being aware that something exists / to have familiarity with a particular activity or subject
Understanding
To comprehend the general relationship of particulars / to have an expertise with how something works
Application
Ability to put information to use / to use knowledge for relevant, practical purposes
Evaluation
To judge or conclude by utilizing data / a systematic determination of something’s worth or significance
Define
To state exactly the meaning of
Identify
To be aware of / to recognize and correctly name / to locate an appropriate resource
Explain
To make clear the meaning of / to describe something in more detail or reveal relevant facts or ideas related to it
Determine
To ascertain / to come to a decision, such as by investigation or reasoning
Compare
To note the similarities and differences between two or more things
Estimate
To determine an approximate value for
Calculate
To find the value using mathematics
Convert
To change from one form or purpose to another
Evaluate
To reach a conclusion or make a through careful study
Interpret
To give the meaning of / to construe or understand / to translate orally

Hold cursor over or click on each term to read its definition.

  • Define cognitive decline.
  • Identify warning signs of cognitive decline.1
  • Identify financial risks of cognitive decline, such as:
    • Poor decision-making
    • Susceptibility to financial exploitation and abuse
  • Define financial abuse.2
  • Identify common victims of financial abuse.3
  • Identify individuals who may engage in financial abuse.4
  • Identify examples of financial abuse involving pressure, force or trickery of the victim.5
  • Identify who an individual may contact if they believe they are a victim of financial abuse.6
  • Identify the role of the Canadian Anti-Fraud Centre (CAFC).7
  • Identify current fraudulent financial scams.8
  • Identify who an individual may contact if they believe they are a victim of fraudulent activity or a scam.9

REFERENCES


1 http://www.camh.ca/en/education/about/camh_publications/Documents/Flat_PDFs/IOR_Dementia.pdf  

    https://alzheimer.ca/en/about-dementia/do-i-have-dementia/10-warning-signs-dementia

2 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html 

3 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

4 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

5 https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html

6 https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm 

7 http://www.antifraudcentre-centreantifraude.ca/index-eng.htm

8 https://www.antifraudcentre-centreantifraude.ca/scams-fraudes/victim-victime-eng.htm

9 http://www.rcmp-grc.gc.ca/scams-fraudes/index-eng.htm