Financial Exploitation and Fraud: Protecting Older Adults in Minnesota from Continued Financial Loss
Elder financial exploitation presents a serious challenge to law enforcement and adult protective services (APS) agencies working to prevent future losses and financial harm. In Minnesota, the Safe Seniors Financial Protection Act authorizes financial institutions to temporarily pause suspicious transactions and prevent large withdrawals in older or vulnerable adults’ accounts when financial exploitation is suspected. In this webinar, Dr. Marti DeLiema of the University of Minnesota School of Social Work will share how to report cases of suspected financial exploitation to the MN Department of Commerce. She will cover common scams and recent trends in fraud, as well as what suspicious account activity and risky financial behavior to look out for. Her presentation will include information about how temporary account holds can prevent catastrophic losses while other supportive interventions are put in place.
BELTSS CE approval MN23-6024
April 20, 2023