Battling Fraudulent Activity Connected to Elderly Financial Exploitation (EFE)
Elder abuse, including EFE, affects at least 10% of older adults each year in the United States. EFE is the most common form of elder abuse, with most incidents going undiscovered and unreported due to fear, embarrassment, and lack of resources. This webinar will outline EFE schemes and typologies to assist financial crime analysts to identify suspicious activity harming this vulnerable population.
Understanding patterns commonly used to exploit the elderly and other vulnerable populations such as fraud schemes involving relatives and trusted caregivers
Outlining typologies tied to EFE such as anomalous asset transfers or unexplained changes in power of attorney to ensure red flags are detected, escalated and resolved
Detailing best practices for managing EFE Investigations such as assembling evidence of illicit activity, documenting findings and filing SARs and notifying law enforcement as merited
Investigations and Suspicious Activity