How to Write Elder Financial Exploitation SAR Narratives

Get the technical skills you need. Learn how to spot concerns and write SARs.

FinCEN received 72,000 Suspicious Activity Reports for Elder Financial Exploitation in 2021, an increase of 31% from 2019. It appears that 2022 has a similarly high volume. Your financial institution is required to protect senior account holders from exploitation by spotting red flags, such as the following:

• Changes in mailing address or contact information
• Wires to a new boyfriend/girlfriend or a niece/nephew in trouble
• A new caregiver with suspicious behaviors
• Many other problematic signs

You need to know how to spot all the possible concerns and write Suspicious Activity Reports that convey all the necessary information and help your vulnerable customers. Learn how in our upcoming webinar: