As elder fraud skyrockets, banks are actively seeking strategies to protect their customers, including proper use of “hold” laws to delay transactions in suspected cases of exploitation. In this episode of the ABA Fraudcast, ABA’s Paul Benda addresses these important issues with guests Barb Graziano, VP, internal audit, compliance and BSA officer for First Seacoast Bank in New Hampshire, and ABA’s Sam Kunjukunju, VP for consumer education and community engagement, who discusses ABA’s State Hold Laws and Elder Financial Exploitation Survey Report, which has valuable information for banks.
The ABA Fraudcast will be published every three weeks, on this site and wherever you listen to and subscribe to your favorite podcasts, such as Apple and Spotify. Please subscribe!
ABA offers resources to help banks prevent, identify, measure and report fraud, and to serve and protect consumers and their financial data.
If the player above is not visible, listen to this episode here.
ABA Fraudcast host:
