Senior Safe Act of 2018–An Update on Progress
The Senior Sae Act of 2018, signed into law on May 24, 2018, is now approaching its third anniversary. Conceived as a part of overall efforts to train financial professionals to detect and report cases of suspected senior financial abuse, the Act was instrumental in the reporting of over 36,000 suspected elder financial abuse in 2020 alone, according to an article by Kiplnger Senior Retirement Editor Jackie Stewart posted on www.kiplinger.com today. The article describes the manner in which financial institutions are following up with enforcement agencies when abuse is suspected, and describes the various “red flags” used to spot these abuses. Check out the article here…
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