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ABA: The American Bankers Association

Older adults are a growing population in the United States as well as a growing target for scams. ABA and the ABA Foundation provide resources and tools to help you understand and address elder financial exploitation (EFE). Find federal guidance and legislation that protect seniors.

Related Training & Events

  • Elder Financial Exploitation Trends

    Recorded Webinar | June 13, 2024

    In recognition of World Elder Abuse Awareness Day, ABA Foundation is hosting a free webinar on Thursday, June 13.

  • Tackling Money Mules

    Recorded Webinar | May 1, 2024

    Join the ABA Foundation, the Department of Justice and United States Postal Inspection Service for an important discussion about money mules.

  • Ways to Recognize and Combat Elder Financial Exploitation

    Recorded Webinar | June 14, 2023

    In advance of World Elder Abuse Awareness Day, join ABA Foundation and the Department of Justice for a free webinar on recognizing behavioral and financial red flags.

  • Combating Elder Financial Exploitation

    Recorded Webinar | October 27, 2022

    Join the ABA Foundation and the Department of Justice for a free webinar that will help you recognize signs of elder financial exploitation and offer strategies to protect your older customers against this growing problem.

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FinCEN Advisory on Elder Financial Exploitation

FinCEN issued an advisory highlighting new scam typologies and elder financial exploitation red flags in response to rising criminal activity targeting America's seniors.

Access the Advisory

State Laws and Resources

Reporting Elder Financial Exploitation

Banks should report suspected elder financial exploitation to all appropriate federal, state, and local authorities. Banks should also file a Suspicious Activity Report (SAR) with FinCEN explaining any suspected financial abuse activity. Include the term “elder financial exploitation” and the victim’s information in the narrative portion. Do not report the victim as the subject of the SAR. For more information, visit FinCEN.

Safe Banking for Seniors™

An ABA Foundation program to help banks educate their communities on combatting elder financial exploitation. Register to access free resources on avoiding scams, preventing identity theft and financial caregiving.

Join the Initiative

Industry Resources

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Our Experts

Sam Kunjukunju

Sam Kunjukunju

Vice President, Consumer Education

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Blair Bernstein

(202) 663-5468

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ABA Foundation Webinars

Safe Banking for Seniors webinars that focus on prevailing scams, bank outreach to older adults and financial industry guidance on protecting seniors.