Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wp-migrate-db domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /srv/app/gotoiba-dev/htdocs/web/wp-includes/functions.php on line 6121
Is our bank a “mandated reporter” of financial elder abuse? – IBA Compliance Connection

IBA Compliance Connection

Your go to source for compliance!

Is our bank a “mandated reporter” of financial elder abuse?

—

by

Not in Illinois. Unlike a few other states, financial institutions are not mandated to report financial exploitation of the elderly in Illinois. However, if they voluntarily file a report of suspected financial exploitation in good faith, or respond to a subpoena from a government agency authorized to investigate elder abuse, they are immune from liability for reporting or taking part in the investigation.