On 18 April, FinCEN issued a Financial Trend Analysis focusing on patterns and trends identified in Bank Secrecy Act (BSA) data linked to Elder Financial Exploitation (EFE), or the illegal or improper use of an older adult’s funds, property, or assets. It found 155,415 filings over the period between 15 June 2022 and 15 June 2023 indicating roughly $27 billion in EFE-related suspicious activity.
https://www.fincen.gov/news/news-releases/fincen-issues-analysis-elder-financial-exploitation
https://www.fincen.gov/sites/default/files/shared/FTA_Elder_Financial_Exploitation_508Final.pdf
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