November 18, 2021
Today, we released a new Data Spotlight that analyzes recent trends in Suspicious Activity Reports (SARs) involving elder financial exploitation.
Financial institutions file SARs to report suspected financial crimes to the federal government, and they can indicate whether the suspicious activity involves elder financial exploitation. In 2020, financial institutions filed over 62,000 elder financial exploitation SARs involving over $3.4 billion. Read the Data Spotlight to learn about emerging patterns and new developments.
For more free resources for older adults, visit consumerfinance.gov/olderamericans.