Arizona HB2695 mandates financial institutions to offer vulnerable adults a trusted contact list and training on financial exploitation.

Arizona HB2695 requires financial institutions to provide vulnerable adults with a trusted contact list and training for employees on identifying and reporting financial exploitation. Financial institutions must conduct due diligence on trusted contacts and report suspected exploitation to relevant authorities. They must also cooperate in investigations and protect confidential information. Financial institutions are immune from liability for good-faith actions taken under this act.

Arizona HB2695 mandates financial institutions to offer vulnerable adults a trusted contact list and training on financial exploitation.

Arizona HB2695 requires financial institutions to provide vulnerable adults with a trusted contact list and training for employees on identifying and reporting financial exploitation. Financial institutions must conduct due diligence on trusted contacts and report suspected exploitation to relevant authorities. They must also cooperate in investigations and protect confidential information. Financial institutions are immune from liability for good-faith actions taken under this act.