Elder fraud: Preventing elder financial exploitation at your institution
Abrigo
MAY 30, 2024
As the global population of individuals aged 60 and over is projected to increase by 38% between 2019 and 2030, elder abuse and elder financial exploitation (EFE) are becoming increasingly prevalent issues. Erratic or unusual banking transactions: Frequent, large withdrawals, including daily maximum withdrawals from ATMs.
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