Elder Financial Abuse is serious and, if suspected, should be reported immediately to AML Compliance on a SIR.

TRUE
FALSE

1 answer

TRUE

Elder financial abuse is indeed a serious issue, and if suspected, it should be reported immediately to the appropriate authorities, including AML Compliance, often through a Suspicious Incident Report (SIR) or a similar reporting mechanism. Prompt reporting can help protect vulnerable individuals and potentially prevent further abuse.