COVID-19 And Elder Financial Abuse

with
Michael Schidlow
On-Demand
$129.00
Training Includes:
  • Certificate of Attendance
  • This training is available as an on-demand recording.
Financial crime expert Michael Schidlow will explain how fraudsters are targeting elderly individuals with deposits at your institution. You will learn how to prevent, identify, and stop these crimes.

What You'll Learn

  • How do elder financial abuse crimes typically occur?
  • What new tactics are criminals using due to the pandemic?
  • What are the red flags that your account holders are at risk?
  • How can you stop this type of criminal activity?
  • What steps can you take to help customers/members prevent exploitation?

Training Overview

Bob stops by a branch each week to withdraw cash for Mrs. Choi. She is elderly, widowed, afraid to venture out into the sea of COVID-19 risk, and grateful for Bob’s assistance as her seemingly dutiful caretaker. Mrs. Choi does not know that Bob is pocketing half the cash, failing to pay her bills, and opening credit accounts in her name. If the threat of the coronavirus wasn’t enough, the shock and poverty could be potentially fatal.

Mrs. Choi is not unique. Seniors are increasingly becoming victims of financial abuse during the pandemic. Unscrupulous relatives, friends, employees, vendors, and other criminals are likely actively targeting your account holders to steal their valuable nest eggs. You need to stop them.

  • How do elder financial abuse crimes typically occur?
  • What new tactics are criminals using due to the pandemic?
  • What are the red flags that your account holders are at risk?
  • How can you stop this type of criminal activity?
  • What steps can you take to help customers/members prevent exploitation?

Who Should Attend?

  • Compliance officers
  • Auditors
  • Risk practitioners
  • IT/data risk owners
  • Financial crime practitioners

Expert Presenter

Michael Schidlow

  • Financial crime compliance advisory and training consultant
  • Over fourteen years of experience in the legal, compliance, and audit fields
  • Previously has held leadership roles with Bank of America and HSBC
  • Certified Fraud Examiner (CFE)
  • Certified AML Audit Specialist (CAMS-Audit)
  • Licensed attorney
  • Professor of criminal justice and ethics

For Teams

Have a team that needs training? Our enterprise customers receive custom branding, reporting and analytics tools, and of course, preferred pricing.