Elders face an increased threat to their financial security by both domestic and foreign actors, according to a Financial Crimes Enforcement Network (FinCEN) analysis of more than 298,000 elder financial exploitation Suspicious Activity Reports (SARs) filed between October 2013 and August 2019.
The total numbers of filings and total suspicious activity amounts increased 20 percent and 30 percent, respectively, each year during the time period.
Read on for details from FinCEN’s report.
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