FinCEN’s New Advisory on Elder Financial Exploitation (Archive Edition)
AML Conversations
00:00
Covid
There wasn't earlier elder financial exploitation advisory about 11 years ago, if I recall correctly. Millions of older adults lost more than $3 billion to financial fraud annually as of 2019; that number has not gone down. Older adults now account for 35% of the victims associated with filed fraud reports when they actually listed an age.
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