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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder fraud prevention and education Learn strategies for recognizing and reporting elder fraud and exploitation. . Takeaway 1 Elder abuse, exploitation and fraud continue to rise as the baby boomer generation ages. Takeaway 3 Education and reporting are key to preventing this type of fraud, so know your state's policies. .

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Prevention is the Key to Stopping Elder Financial Exploitation & Fraud

Abrigo

Elder financial exploitation and elder fraud are rising at an alarming rate as they continue to be serious crimes in the United States. With no signs of dissipating, it is just a matter of time before an incident happens in your customer base, if it has not happened already. The under-reported and growing crime. billion annually.

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10 Big and Small Ideas From Gartner and Money 20/20 – Recap

South State Correspondent

While last year was dominated by crypto, this year, the themes were mainly around fraud and identity (both conferences). Our teams just returned from back-to-back weeks at the Gartner Symposium in Orlando and Money 20/20 in Las Vegas. Gartner focused on technology infrastructure, while Money 20/20 was around fintech and payments.

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The 2023 GonzoBanker Awards

Gonzobanker

The specifics are unclear, but bankers recognized that this will be an absolute game-changing technology in future years, and delivery will change in ways we can’t even conjure yet. THE BANKER AWARDS The Bank Acquisition of the Year – goes to the unique PacWest and Banc of California deal. Employees are back to work. We are in awe.

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AML/CFT hot topics: What to expect in 2023

Abrigo

Takeaway 2 Banks should be proactive in understanding fraud trends and FinCEN priorities to prepare for future rulemaking. Beneficial ownership registry The AMLA was signed into effect in January 2021, paving the way for the first major BSA reform since the PATRIOT Act and encouraging a culture of compliance.

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The 2022 GonzoBanker Awards

Gonzobanker

All of you with your hands up… … uh huh. It would have required a few trips to the local dispensary to dream up what bankers have endured this year. In December, the founder and CEO of Crypto Exchange company FTX was arrested in the Bahamas (yah, don’t ask) and charged with fraud and conspiracy. OK, show of hands.

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World Elder Abuse Awareness Day: What Can Financial Institutions Do to Become More Aware?

Abrigo

Every year, it is estimated elder adults are exploited for up to $36 billion. It is an international United Nations observance day that is commemorated by most countries around the globe on June 15. World Elder Abuse Awareness Day aims to bring worldwide awareness to this under-reported problem. billion to $36 billion.

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