The vexing problem of defining financial exploitation. Issue 1 (5th January 2015)

• Record Type: Journal Article
• Authors: Jackson, Shelly L.
• Is Part Of: Journal of financial crime. Volume 22:Issue 1(2015)
• Page Start: 63
• Page End: 78
• Publication Date: 2015-01-05
• Subjects: Commercial crimes -- Periodicals; Commercial crimes -- Prevention -- Periodicals; Fraud -- Prevention -- Periodicals; Fraud -- Periodicals; White collar crimes -- Periodicals; 364.168
• DOI: 10.1108/JFC-05-2014-0026
• Languages: English
• ISSNs: 1359-0790

Abstract

<abstract> <title> <x content-type="archive" xml:space="preserve">Abstract</x> </title> <sec> <title content-type="abstract-heading">Purpose</title> <p> – The purpose of this paper was to study the vexing problem of defining financial exploitation. Advocates and practitioners in the field who have been battling financial exploitation are pleased to observe the increased attention that financial exploitation is receiving at all levels of society. With this increased attention, however, there has been a conflation of terms used to describe financial exploitation, resulting in some confusion about what constitutes financial exploitation. </p> </sec> <sec> <title content-type="abstract-heading">Design/methodology/approach</title> <p> – Fully recognizing that definitions serve different functions, this paper identifies three main purposes of a definition and then describes the myriad ways financial exploitation has been defined in the research literature, by organizations, and in civil and criminal statutes. </p> </sec> <sec> <title content-type="abstract-heading">Findings</title> <p> – Financial exploitation has been defined in multiple ways within and across categories. Furthermore, the definition has expanded over time. This paper proposes the need for greater definitional clarity around the concept of financial exploitation, and argues that at a minimum a distinction must be made between financial exploitation and financial fraud. </p> </sec> <sec> <title content-type="abstract-heading">Originality/value</title> <p> – This is the first paper to comprehensively review the myriad ways in which financial exploitation has been defined in the literature, by organizations and within state civil and criminal statutes.</p> </sec> </abstract>