Elder Financial Exploitation (EFE) is a horrible crime where an older adult’s vulnerabilities, trust or cognitive decline are preyed upon in an attempt to manipulate or deceive them into giving up their financial resources, assets or control over their financial affairs. Whether it is perpetrated by an unknown third party or a “trusted” family member, financial institutions are in a unique position to detect and prevent it. In fact, FinCEN urges financial institutions to be on the lookout for such activity and has put out several Advisories on EFE. So why are older adults often the target of scams, fraud and undue influence?
Kevin explains more in the video.
Published 2026/04/13