Elder Financial Exploitation: How Compliance Can Detect and Stop Elder Abuse in 2024

January 30, 2024



This in-depth, 90-minute session addresses the growing need for protection against elder financial abuse. You’ll come away with actionable best practices and better prepared to combat elder financial abuse and scams effectively.

When you join us January 30th, you’ll gain the tools needed to protect your older clients from falling prey to scams, as well as…

  • Common schemes and red flags
    Learn more about the most prevalent schemes targeting seniors and identify the red flags that can help identify potential exploitation.
  • Key Definitions in financial exploitation
    Delve into the definition of elder financial exploitation, its various forms, and the impact it can have on seniors’ lives.
  • Mandatory Reporting resources
    Review the mandatory reporting requirements for suspected cases of elder financial abuse and learn what steps to take when you suspect an older adult is being taken advantage of financially.
  • Front line staff tools
    Gain practical strategies to protect seniors who bank with your institution and discuss financial protection tools, such as financial power of attorney and guardianship, to safeguard the assets of older adults.
  • Operational best practices
    Come away best practices, tools, and guidance you can take back to your institution to protect seniors from financial scams.

Who Should Attend

This session is designed for compliance officers, BSA officers, trainers, branch managers, lenders, marketing, and bank management.


Stephanie Schmacher

Stephanie Schumacher is a BSA Officer with more than 20 years of banking and financial services expertise and is a Certified Anti-Money Laundering Specialist. Ms. Schumacher is experienced in risk and compliance for traditional and non-traditional financial products. She has a diverse history in establishing and monitoring all areas of the BSA/AML/OFAC compliance, third party risk, and other risk management aspects. Her background includes managing compliance systems in complex and fast-paced environments for Banking as a Service and FinTech/Banking partnerships.

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Price: $0.00
Start Time: 2:00 pm EST
End Time: 3:30 pm EST

January 30, 2024

Sorry, this event is expired and no longer available.