Wyoming § 13-1-702 Reporting financial exploitation of vulnerable
adults

Wyoming Statutes

§ 13-1-702 — Reporting financial exploitation of vulnerable adults

Wyoming·Title 13 Banks, Banking and Finance·Ch. 1 GENERAL PROVISIONS·Art. 7 PROTECTION OF VULNERABLE ADULTS

(a)If a qualified person has cause to believe that financial exploitation of a vulnerable adult has occurred, is occurring or has been attempted, the qualified person shall notify the financial institution of the suspected financial exploitation.

(b)If a financial institution is notified of suspected financial exploitation under subsection (a) of this section or otherwise has cause to believe that financial exploitation of a vulnerable adult has occurred, is occurring or has been attempted, the financial institution shall assess the suspected financial exploitation and, if warranted, submit a report to the department containing the same information under W.S. 35-20- 103(b). The financial institution shall submit the report required by this subsection not later than the earlier of:

(i)Th

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(a) If a qualified person has cause to believe that
financial exploitation of a vulnerable adult has occurred, is
occurring or has been attempted, the qualified person shall
notify the financial institution of the suspected financial
exploitation.
(b) If a financial institution is notified of suspected
financial exploitation under subsection (a) of this section or
otherwise has cause to believe that financial exploitation of a
vulnerable adult has occurred, is occurring or has been
attempted, the financial institution shall assess the suspected
financial exploitation and, if warranted, submit a report to the
department containing the same information under W.S. 35-20-
103(b). The financial institution shall submit the report
required by this subsection not later than the earlier of:
(i) The date the financial institution completes its
assessment of the suspected financial exploitation; or
(ii) Five (5) business days after the date the
financial institution is notified of the suspected financial
exploitation under subsection (a) of this section or otherwise
has cause to believe that the financial exploitation of a
vulnerable adult has occurred, is occurring or has been
attempted.
(c) A financial institution that submits a report to the
department of suspected financial exploitation of a vulnerable
adult under subsection (b) of this section is not required to
make an additional report of suspected abuse, neglect or
exploitation under W.S. 35-20-103 for the same conduct
constituting the reported suspected financial exploitation.
(d) Each financial institution shall adopt internal
policies, programs, plans or procedures for:
(i) The qualified persons of the financial
institution to make the notifications required under subsection
(a) of this section; and
(ii) The financial institution to conduct the
assessment and submit the report required under subsection (b)
of this section.
(e) The policies, programs, plans or procedures adopted
under subsection (d) of this section may authorize the financial
institution to report the suspected financial exploitation of a
vulnerable adult to any appropriate state or federal agency in
addition to the department, including any appropriate law
enforcement agency.

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