Overlapping Risks, Part 2: Anti-Money Laundering and Elder Exploitation
A broker-deal firm’s anti-money laundering efforts may overlap with any number of other regulatory concerns. On this episode, the second in a two-part series, we’re looking at how AML may overlap with a firm’s efforts to protect senior investors from exploitation and fraud.
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Show Notes
A broker-deal firm’s anti-money laundering efforts may overlap with any number of other regulatory concerns. On the last episode, we looked at the intersection of a firm’s AML and cybersecurity risks. On this episode, the second in a two-part series, we’re looking at how AML may overlap with a firm’s efforts to protect senior investors from exploitation and fraud.
Joining us on this episode are Jason Foye, a director with FINRA's Anti-Money Laundering Investigative Unit, and Brooke Hickman, a director with FINRA's Vulnerable Adults and Seniors Team (VAST), both with FINRA’s National Cause and Financial Crimes Detection Program.
Resources mentioned in this episode:
FinCEN February 2011 Advisory on Filing SARs Regarding Elder Financial Exploitation
SARs on Elder Financial Exploitations: Issues and Trends, CFPB
DOJ’s Elder Justice Initiative
FINRA Resources on Senior Investors
FINRA Securities Helpline for Seniors
FINRA Foundation – Aging and Financial Decision Making
Virtual Conference Panel: Social Distancing and the Impact on Older Investors
Virtual Conference Panel: Financial Crimes, Trends and Responses In the Midst of the Pandemic
Episode 33: Money Laundering in the Securities Industry
Episode 34: AML Priorities and Best Practices
Episode 71: Anti-Money Laundering and Cyber Security
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