Red Flags for Elder Financial Exploitation

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