This policy sets out the values, principles and policies underpinning the care home’s approach to the handling of service users’ money and finances, including where it needs to investigate and deal with suspected financial irregularities and possible abuse.
The policy aim is to ensure that service users’ financial interests are fully safeguarded by the care home by taking all reasonable measures to prevent possible abuse and by dealing with it promptly and correctly if it occurs or there are suspicions of it occurring.
The policy ensures that the home complies with its safeguarding responsibilities under the Health and Social Care Act 2008 (Regulated Activities) Regulations 2014 and the statutory guidance for the Care Act 2014 (Chapter 14: Safeguarding).
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