Detection and Prevention of Elder Abuse
March 27, 2023
Each year, countless American seniors are exploited by criminals preying on their vulnerability and accumulated wealth. With Elder Financial Exploitation rampant and on the rise, the role of financial institutions in prevention is more important than ever.
Download our new infographic for cloud insights on elder financial abuse, red flag indicators to aid in detection and prevention, and to learn why an effective payments fraud solution is essential to protect your vulnerable members from loss.
Verafin is the industry leader in enterprise financial crime management, providing a cloud-based, secure software platform for fraud detection and management, BSA/AML compliance and management, high-risk customer management and information sharing. More than 1,200 credit unions use Verafin to effectively fight financial crime and comply with regulations. Leveraging its unique big data intelligence, visual storytelling and collaborative investigation capabilities, Verafin reduces false positive alerts, delivers context-rich insights and streamlines BSA/AML compliance processes. Verafin has industry endorsements in 45 states, including the TBA, WBA, FBA, MBA, and CUNA Strategic Services.