Detecting and preventing elder financial exploitation is all about awareness. Whether it is carried out by a victim’s family, close acquaintance or a person unknown to the victim, it can be financially devastating. Training is essential for financial institution employees so they can be on the lookout and learn to recognize red flags for such activity. Some common red flags include:
- Unusual account activity and transactions;
- Changes in customer behavior;
- Isolation from family and caregivers;
- Frequent large withdrawals or transfers; and,
- Rapid changes in beneficiaries or account ownership.
Kevin explains more in the video.
Published 2026/03/13
Kevin brings years of experience and a unique perspective on regulatory matters to our clients. A self-proclaimed geek and accredited CRCM, Kevin is also a recovering attorney with experience as in-house counsel for a large regional bank and one of the leading national title insurance providers. For reasons unknown, Kevin decided to leave the safety and serenity of his desk job to seek fortune and glory as a wandering adventurer. Like a bank compliance version of Kwai Chang Caine, The Man with No Name or Don Quixote, he now travels the land seeking to help those in need and righting compliance wrongs, wherever he may find them. Kevin lives in Sioux Falls with his two children, who are surprisingly normal after having endured their father’s vivid imagination for their entire lives. He won’t admit to having any hobbies, because apparently “Regulations never sleep.” (While he does say this in his Batman voice, we’re pretty sure he’s joking.) From the looks of his Facebook page, he likes the outdoors and spending time with his large extended family (who seem like relatively normal people).
