The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald
The latest Clay Shaw Butler Money Matters column from the Carmarthenshire Herald. By Mark Jones, director of Carmarthen-based Clay Shaw Butler chartered accountants and business consultants. The Chartered Trading Standards Institute (CTSI) has called for banks and charities to take greater responsibility for those who may be vulnerable to scams. The CTSI commissioned a report from Bournemouth University’s National Centre for Post Qualifying Social Work into scam victims, and its recommendations to financial institutions and charities include: recognising their duty of care to dementia sufferers who could make an ‘unwise decision’ as a result of their cognitive state allowing vulnerable people to put a 24 hour delay on new or large transactions from leaving their bank accounts and sending an email or text alerting a carer or loved one at the start of that period adopting a default that personal data is not shared without a clear opt in and that it is not held for longer ...