Senior Financial Abuse and Exploitation: Understanding Red Flags, Recent Legislation and Collaborative Opportunities 2019 | ACAMS | 14 August 2019 |
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| Event Date | Wed Aug 14 EDT (over 5 years ago) |
| Region | All |
Details
New federal and state laws require financial institutions to take a more proactive role in addressing scams, theft and fraud targeting senior clients, putting financial crime professionals and financial relationship managers on the front lines for fighting this growing problem. The added obligations coincide with a fourfold jump over a four-year period in the number of suspicious activity reports (SARs) filed with the Treasury’s Financial Crimes Enforcement Network (FinCEN) that flagged potential senior abuse to 63,500 in 2017. This in-depth webinar will discuss emerging types of fraud against seniors and other vulnerable people and provide practical strategies for investigating and resolving senior financial abuse.
Learning Objectives:
• Reviewing common typologies for senior financial abuse such as opening lines of credit for no apparent purpose, anomalous spending patterns and cash-out mortgage activity
• Understanding how to work collaboratively with law enforcement, government authorities and public interest groups, including filing SARs and assembling findings of senior exploitation
• Examining recent senior financial abuse-related regulations and laws, including FINRA rule changes and the Senior Safe Act
• Deterring and detecting senior financial fraud by harnessing technology to spot patterns of abuse
Who Should Attend?
• Compliance Personnel
• Relationship Managers
• Onboarding Officers
• Internal Investigations Personnel
Speakers
2019 Speakers
Jilenne Gunther
Director, BankSafe/AARP
Elizabeth Loewy
Co-founder and Chief Operating Officer, EverSafe
Kenneth Simmons, CRCM, CAMS-AUDIT, CAMS-FCI
Compliance and AML Solutions