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Banks being called on to do more to prevent elder abuse -

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Banks are being called on to do more to prevent elderly people being scammed out of their savings.

Critics say bank tellers are insufficiently trained to spot signs of the abuse of the elderly - while bank computer systems are failing to detect large and suspicious transactions on their accounts.

One man has told how his ageing father lost almost $100,00 in a fortnight.


Greg Godhard, son
Russell Westacott, Senior's Rights Service
Philip Field, Finance and banking Ombudsman
Diane Tate, Australian Bankers Association