In March 2016, the Consumer Financial Protection Bureau published an Advisory for Financial Institutions on Recommendations for financial institutions on preventing and responding to elder financial exploitation. This guidance was published for the purpose of outlining how a financial institution should identify and respond to elder financial exploitation. Since this advisory, regulators have begun requesting financial institutions elder financial exploitation programs and requesting how financial institutions are responding to this type of crime. In addition, FinCEN also stresses to financial institutions to include elder financial exploitation on suspicious activity reports.
This hour online fraud prevention banking webinar will focus on three important areas of regulatory expectations as it relates to Elder Financial Exploitation:
If you are having issues with registering online, please contact CBAO's Education & Training Coordinator, Lianne Simeone, (614) 610-1877.