knowledge topics
Protection from Financial Abuse and Scams
KNOWLEDGE EXPECTED OF: Both CFP® Professionals and QAFPTM Professionals
- Define cognitive decline.
- Identify warning signs of cognitive decline.1,2
- Identify financial risks of cognitive decline, such as:
- Poor decision making
- Susceptibility to financial exploitation and abuse
- Define financial abuse.3
- Identify common victims of financial abuse.3
- Identify individuals who may engage in financial abuse.3
- Identify examples of financial abuse involving pressure, force or trickery of the victim.3
- Identify who an individual may contact if they believe they are a victim of financial abuse.4
- Identify the role of the Canadian Anti-Fraud Centre (CAFC).5
- Identify current fraudulent financial scams.6
- Identify who an individual may contact if they believe they are a victim of fraudulent activity or a scam.7
Glossary of Verbs (mouse over to see definition)
-
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
-
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 judgement through careful study
-
Interpret
To give the meaning of / to construe or understand / to translate orally

REFERENCES
- http://www.camh.ca/en/education/about/camh_publications/Documents/Flat_PDFs/IOR_Dementia.pdf
- https://alzheimer.ca/en/Home/About-dementia/Alzheimers-disease/10-warning-signs
- https://www.canada.ca/en/employment-social-development/corporate/seniors/forum/financial-abuse.html
- http://www.seniors.gc.ca/eng/pie/eaa/help.shtml?_ga=1.96842655.1858434507.1439822960
- http://www.antifraudcentre-centreantifraude.ca/index-eng.htm
- https://www.canada.ca/fr/emploi-developpement-social/ministere/aines/forum/fraude-escroquerie.html
- http://www.rcmp-grc.gc.ca/scams-fraudes/index-eng.htm