Start Date: 12/10/2024 9:00 AM MST
End Date: 12/10/2024 10:00 AM MST
Location:
United States
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.
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