Which scenarios should be used to monitor for potential elder abuse? (Select Two.)

This question requires identifying scenarios indicative of elder financial exploitation. While the specific scenarios are not provided, options D and E (Scenarios 7 and 8) are assumed to represent classic, high-risk red flags. These typically include sudden, uncharacteristic financial behaviors such as large cash withdrawals or the abrupt addition of a new, unrelated signatory to an elder's account. Monitoring for such specific, anomalous activities is critical for a financial institution's program to detect and prevent the financial abuse of vulnerable customers. These patterns often signal that an elder is being manipulated or coerced.

A. Scenarios 1: This likely represents a common, low-risk transaction type that is not specifically or strongly indicative of elder abuse without other context.
B. Scenarios 2: This likely represents a common, low-risk transaction type that is not specifically or strongly indicative of elder abuse without other context.
C. Scenarios 5: This likely represents a common, low-risk transaction type that is not specifically or strongly indicative of elder abuse without other context.

1. Financial Crimes Enforcement Network (FinCEN). (2011). Advisory to Financial Institutions on Filing Suspicious Activity Reports Regarding Elder Financial Exploitation (FIN-2011-A003). The "Red Flags" section (pp. 3-5) lists indicators such as "Sudden or frequent, large withdrawals" and "Sudden addition of a new authorized signer."

2. ACAMS Advanced CAMS-Audit Study Guide, (2022). Chapter 3: AML/CFT Risk Assessment. This chapter details the need to identify and assess risks related to vulnerable customers, including the specific typologies and red flags associated with elder financial exploitation.