best positioned to provide early detection of possible financial abuse are employees national football league washington redskins helmet crocs of banks or other financial institutions who interact with the elderly person or process account activity (Choi et al., 1999;
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In addition, it has been suggested that steps be implemented to monitor an agent’s activity by requiring an annual reporting to an outside party of the financial transactions undertaken, national football league washington redskins helmet crocs including a listing of income and expenses . Another avenue is to encourage attorneys to ensure that older persons who sign financial and legal documents are fully competent to do so (Moskowitz, 1998a; Smith, 1999) and have not been coerced by family members or others into inappropriately disposing of their assets . Also, it has been recommended that lawyers inform older clients of their fundamental right to asset control and personal decision making and explain to them the consequences of various legal actions . In general, a series of recommendations targeted at the financial industry and its employees have been generated to minimize financial abuse of the elderly .
55 Among the steps recommended are that financial institutions employ training programs to help employees identify and redress such abuse (Commonwealth of Massachusetts, 2001; National Clearinghouse on Family Violence, 2001). Such a program implemented in New York provides instruction on who commonly commits financial exploitation, typical scenarios that lead to financial exploitation, ways to detect financial abuse, a model protocol for action, and prevention training . Similarly, bank employees in Massachusetts received special training in the identification of possible cases of abuse of older persons’ bank accounts .56 This training led to the identification of a number of cases of financial abuse . Also, employees can be encouraged to tell older customers about good financial practices and ways to prevent financial abuse . A group of individuals frequently cited as being