Elder & Dependent Adult Financial Abuse
On-Demand Webinar
StreamedDec 10, 2024Duration60 minutes
- Unlimited & shareable access starting two business days after live stream
- Available on desktop, mobile & tablet devices 24/7
- Take-away toolkit
- Ability to download webinar video
- Presenter's contact info for questions
According to the Justice Department, elder abuse/financial exploitation affects nearly 10 percent of older adults, with millions of them losing over $3 billion annually.
Add the financial abuse of other
dependent adults and the number of unreported cases, and it becomes a crime of
epidemic proportions – not only in the US, but worldwide. This webinar will
provide a foundational understanding of the red flags and your institution’s
obligations.
AFTER THIS
WEBINAR YOU’LL BE ABLE TO:
- Use a SAR to notify FinCEN
- Define financial abuse and identify red flags
- Explain the reporting requirements under various state and federal laws
- Distinguish between elder fraud and elder scams as defined by FinCEN
WEBINAR DETAILS
In both elder theft and financial exploitation scams,
older adults are often revictimized and subject to potentially further
financial loss, isolation, and emotional or physical abuse long after the
initial exploitation due to the significant illicit gains at stake. That is why
many states have mandated reporting requirements for financial institutions,
and federal law provides protection for institutions in states that have not
yet adopted mandatory reporting requirements. Even without a legal requirement,
financial institutions must take protection of accountholders seriously.
WHO SHOULD ATTEND?
This informative session
is designed for all staff, but especially those in contact with accountholders,
such as tellers, financial services representatives, call centers, lenders,
fraud mitigation staff, risk management professionals, and collectors.
TAKE-AWAY TOOLKIT
- Red flag checklists for frauds and for scams
- Sample elder and dependent adult financial abuse prevention policy
- Internet links to available resources
- Employee training log
- Interactive quiz
- PDF of slides and speaker’s contact info for follow-up questions
- Attendance certificate provided to self-report CE credits
NOTE: All materials are subject to copyright. Transmission, retransmission,
or republishing of any webinar to other institutions or those not employed by
your institution is prohibited. Print materials may be copied for eligible
participants only.
Presented By
Compliance Plus, Inc.
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