Training For Bank Staff To Spo...


Training For Bank Staff To Spot Financial Abuse Of Women

Emma Tyrrell
Emma Tyrrell

08:08 4 Feb 2022

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Young women are vulnerable to financial abuse from their partners according to a new study.

The research from the Banking and Payments Federation of Ireland found that one-fifth of younger women do not have control over their own money.

The BPFI commissioned this survey of 1,000 people in December last year and found that 22% of women under 35 didn't control their own financial affairs.

Over 40% of women aged 18-34 years old also reported having difficulty managing their money, compared with 25% of men and 34% of all women.

It led to concerns that young women may be vulnerable to financial abuse.

Women's Aid says that 1,925 disclosures of economic abuse were made to them in 2020. It says financial abuse is a form of domestic violence and a means of controlling a partner.

The organisation has now designed specific training for bank staff to spot the signs, and it's now being rolled out to employees of AIB, Bank of Ireland, KBC Bank, Ulster Bank and Permanent TSB.

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