Elder Financial Abuse: Best Practices for Financial Institutions

Presented by

Corey Lynch

About this talk

Elder financial abuse is a significant and growing problem that has devastating effects on individuals and families. Believed to be largely underreported, financial institutions are facing increased responsibility to help combat the exploitation of vulnerable customers. Join us as we discuss the scale of elder financial abuse and outline key considerations from industry publications and guidance, including red flag indicators and best practices for reporting. In this webinar, you will learn: - The scale of elder financial abuse and the challenges of preventing fraud targeting senior customers. - How criminals target elderly and vulnerable customers with lucrative and opportunistic scams. - Potential Red Flag Indicators of elder financial exploitation. - Best practices for reporting this damaging crime, including Suspicious Activity Reporting, and contacting appropriate local and state-level agencies.
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