---
title: "Elder Financial Exploitation: Why are Older Adults Targeted?"
description: Discover the alarming reality of elder financial exploitation, why older adults are targeted, and how financial institutions can help detect and prevent these crimes.
---

[Banker's Compliance Consulting Blog ](https://blog.bankerscompliance.com/en)

# [Elder Financial Exploitation: Why are Older Adults Targeted?](https://blog.bankerscompliance.com/en/elder-financial-exploitation-why-are-older-adults-targeted)

 Written by [Kevin Edwards](https://blog.bankerscompliance.com/en/author/kevin-edwards) | Apr 13, 2026 5:27:13 PM

[Elder Financial Exploitation (EFE)](https://www.fincen.gov/news/news-releases/fincen-reminds-financial-institutions-remain-vigilant-elder-financial) 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.

[ Learn More about Your AML/CFT Partners! ](https://cta-service-cms2.hubspot.com/web-interactives/public/v1/track/click?encryptedPayload=AVxigLLvHchKoJwVXCDzT6dUD1ByF8rrEz9DjiuxBns%2BZsD1%2B2rMB2UMr8QKhnPZIwhoN%2FemFAKBjNTJvgWo8Nt%2Fop7o81fG3GTATmMmtW9%2B2vvZP3at3sTDwI7T1cktxFW5IVjXVY%2F5S23Sc1F5EKBkGbDZbowOmJOXlA2FNITTzddn2%2BgxTRA%2F8EVI9yR0wZi%2BriIlEhaDtHPi8nHW9beW3ESejn0D9b%2BzvPk%3D&portalId=21201105)

Published 2026/04/13

[View full post](https://blog.bankerscompliance.com/en/elder-financial-exploitation-why-are-older-adults-targeted)

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