Child Financial Exploitation
What is Child Financial Exploitation ?
Child Financial Exploitation (CFE) is the act of taking advantage of a child's financial resources for personal gain, often through deceit, coercion, or manipulation.
This form of exploitation can have serious consequences for a child, including financial hardship, damaged credit, emotional distress, and disrupted relationships with family and peers.
Laundering the proceeds of crime is a criminal offence under The Proceeds of Crime Act (2002) and carries a maximum prison sentence of up to 14 years.
Keeping open lines of communication is essential to help a child feel safe and practitioners should be aware that there could be an overlap with other types of exploitation. A child may be both sexually, criminally and financially exploited simultaneously.
One Minute Guide
Child Financial ExploitationShow detailsChild Financial Exploitation is on the increase and is more common than you think. Children are being groomed by perpetrators into opening bank accounts and launder money. Read more here
To view the Child Exploitation series of One Minute Guides visit our Child Exploitation Learning and Development page and read more about online, child criminal, child trafficking, modern slavery and financial exploitation.