A Bank Resource Guide for Partnering with Law Enforcement and Adult Protective Services
Each year older adults lose billions of dollars to financial exploitation. Defined as the illegal or improper use of an older person’s funds, property or assets, elder financial exploitation is a devastating crime. In addition to impacting an elder’s financial situation, victims of such abuse frequently experience intense feelings of fear, depression, anger, and humiliation. This mental and emotional toll can increase risk for physical health issues as well.
Effectively combatting elder financial exploitation requires a multifaceted approach. Protecting seniors rests in the hands of several different professions. Banks play a critical role due to the financial nature of the crime, but cannot do it alone. By connecting and coordinating with federal, state, and local partners, bankers like you can help protect America’s senior citizens.
This resource was designed to support banks in developing relationships with law enforcement and adult protective services to combat elder financial exploitation.
