Elder financial exploitation

In commemoration of the 30th anniversary of the International Day of Older Persons—a day in which we reaffirm our commitment to protecting and promoting the rights of seniors—Attorney General Barr announced $9.4 million in funding to programs serving older victims of fraud and abuse.

World Elder Abuse Awareness Day is June 15

Join OVC in commemorating World Elder Abuse Awareness Day on Monday, June 15, 2020. This annual commemoration is a call-to-action for individuals, organizations, and communities to raise awareness about elder abuse, neglect, and financial exploitation.

To commemorate World Elder Abuse Awareness Day, OVC reaffirms its commitment to supporting victims of elder abuse.

Consider participating in virtual events for your own commemoration.

Today is the fifteenth anniversary of World Elder Abuse Awareness Day. In the shadow of a pandemic that has disproportionately affected senior populations, we come together to raise awareness about elder abuse, neglect, and exploitation.

For too long elder abuse—a term that encompasses physical abuse, financial fraud, scams and exploitation, caregiver neglect and abandonment, psychological abuse, and sexual abuse—was a hidden epidemic. But as the global population of older persons grows, elder abuse is finally being treated as a public health crisis requiring collective action.

For too long and far too frequently, fraudsters have preyed upon our senior citizens, robbing them of their hard-earned savings.

Financial Institutions Report Widespread Elder Financial Abuse

Federal law requires financial institutions report suspicious activity that might indicate money laundering, tax evasion, or other criminal activities to the federal government.

Now, a first of its kind analysis can help the field better understand elder fraud and opportunities to improve prevention and response.