Skip to content
BOL Conferences
Learn More - Click Here!

Forums · Active Threads · Forum Rules · Mark All Read · Log In
BankersOnline.com Forums State-Specific Compliance Issues New York Elder Financial Abuse
Thread Options
#1896046 - 02/11/14 08:14 PM Elder Financial Abuse
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
I know certain states (California) have certain reporting requirements for FI's when they suspect elder financial abuse (in addition to filing an SAR). I was wondering if NYS has any such requirements? I've checked the APS website and I've found nothing concrete other the what would be expected in a normal transaction monitoring program.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

Return to Top
#1896227 - 02/12/14 01:02 PM Re: Elder Financial Abuse ACBbank
edAudit Offline
Power Poster
edAudit
Joined: Jul 2008
Posts: 4,796
You are here
http://www.ocfs.state.ny.us/main/publications/pub4664text.asp

This has yet to be passed (to the best of my knowledge)

http://open.nysenate.gov/legislation/bill/S2162-2013

In NYS it is not very clear yet.
_________________________
Opinions can be considered as coming from anywhere but my employer.

CAMS


Return to Top
#1896283 - 02/12/14 02:54 PM Re: Elder Financial Abuse ACBbank
ACBbank Offline
Power Poster
ACBbank
Joined: Jul 2006
Posts: 4,348
New York City
Thanks Ed.
_________________________
"100 victories in 100 battles isnt the most skillful. Subduing the other's military w/o battle is the most skillful." Sun-Tzu

Return to Top
#1998951 - 02/27/15 08:46 PM Re: Elder Financial Abuse ACBbank
nu2regs Offline
Member
Joined: Mar 2013
Posts: 77
This just came out today....

http://www.dfs.ny.gov/about/press2015/pr150226-ltr.pdf

If you scroll down in the document there is a link to the guidance.

Return to Top