Last month, FinCEN released a strategic analysis of BSA filings regarding elder financial exploitation and it revealed some pretty concerning trends.In the six-ish years between October 2013 and August 2019, FinCEN tracked a 20% increase in the number of filings reporting elder abuse and a 30% increase in the amount of money involved in the reported activities. This increase in filings could mean a significant uptick in elder financial exploitation activity, but it could also meant that financial institutions are watching more closely and reporting more often than they used to.SAR narratives of a statistically representative sample indicated that 77% of reported elder financial exploitation scams involved money transfer scams conducted through MSBs. 21% involved theft perpetrated through depository institutions.MSB ScamsThe MSB scams most often involved lottery, person-in-need or romance scams and resulted in the elders sending money to someone they did not know. FinCEN provided brief descriptions of these scams: continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Close Forgot password? Please put in your email: Send me my password! Close message Login This blog post All blog posts Subscribe to this blog post’s comments through… RSS Feed Subscribe via email Subscribe Subscribe to this blog’s comments through… RSS Feed Subscribe via email Subscribe Follow the discussion Comments Logging you in… Close Login to IntenseDebate Or create an account Username or Email: Password: Forgot login? Cancel Login Close WordPress.com Username or Email: Password: Lost your password? Cancel Login Dashboard | Edit profile | Logout Logged in as Admin Options Disable comments for this page Save Settings You are about to flag this comment as being inappropriate. Please explain why you are flagging this comment in the text box below and submit your report. The blog admin will be notified. Thank you for your input. There are no comments posted yet. Be the first one! Post a new comment Enter text right here! Comment as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Submit Comment Subscribe to None Replies All new comments Comments by IntenseDebate Enter text right here! Reply as a Guest, or login: Login to IntenseDebate Login to WordPress.com Login to Twitter Go back Tweet this comment Connected as (Logout) Email (optional) Not displayed publicly. Name Email Website (optional) Displayed next to your comments. Not displayed publicly. If you have a website, link to it here. Posting anonymously. Tweet this comment Cancel Submit Comment Subscribe to None Replies All new comments Submitted to Sumner Newscow â€” The City of Wellington is allowing the discharge of fireworks starting Friday, July 1 within the city limits. The hours will be 10 a.m. to 11 p.m. July 1 through July 3, 10 a.m. to midnight on July 4.Â Retail sale hours are 10 a.m. to 10 p.m. July 1 through July 4.Wellington Fire Chief Tim Hay has released the following Firework Regulations and Safety information:Â Always purchase high quality fireworks from reliable and legitimate sources:Always read and follow label directionsHave an adult supervise all fireworks activitiesAlways ignite fireworks outdoorsHave water nearbyNever experiment or attempt to make your own fireworksLight only one firework at a timeNever re-ignite malfunctioning fireworksNever give fireworks to small childrenStore fireworks in a cool, dry placeDispose of fireworks properly, preferably in a bucket of waterNever throw or shoot fireworks at another person or at vehiclesNever carry fireworks in your pocketNever shoot fireworks in metal or glass containersBe respectful of your neighbors and pets.No discharge of fireworks at Wellington Lake.In addition, bottle rockets and M-80s are dangerous and illegal in the state of Kansas. The use or sale of these banned fireworks is considered a crime under Kansas law.Follow us on Facebook.Follow us on Twitter.