Elder Financial Exploitation: An Under-Reported and Growing Crime
As the baby boomer generation ages, financial crimes against the elderly continue to grow. It’s now estimated that one in 10 older adults experience some form of elder abuse. Who are the perpetrators of elder financial exploitation and what can your institution do to protect your elderly customers and members?
June is designated as National Elder Abuse awareness month by the National Center of Elder Abuse (NCEA) to raise awareness of this under-reported problem. Learn how to detect elder financial exploitation in suspicious activity monitoring and best practices for your institution to help prevent elder financial abuse.
Join this session to learn:
- Types of scams impacting older adults
- Behavioral and transactional red flags your staff should be aware of
- Rise of fraud during the coronavirus pandemic
- State mandatory reporting requirements
This session is eligible for 1 credit CAMS & CFCS and 1.25 credits CAFP & CRCM
Interested in learning more about the behavioral and transactional red flags of elder financial abuse your staff needs to be aware of, from the front line to the compliance department? Download our checklist of Elder Financial Exploitation Red Flags.