We asked the Threat Leadership Command at National Crime Agency to explain how financial exploitation works:
“Financial exploitation is where offenders coerce victims into committing financial actions subject to penalty for the exploiter’s gain. Exploiters may even set up accounts in the victims’ name without their knowledge in order to conduct further transactions and illegal activity.
“Financial exploitation is often observed alongside another form of exploitation, such as sexual or labour exploitation, and is used as a further mechanism to control victims and as an additional income stream for exploiters.
“Victims are often targeted based on existing vulnerabilities such as age, disability, homelessness, inability to speak English, or any other characteristic that makes them easier to coerce and/or control, such as having the same nationality as offenders."