In 2010 Congress enacted the Foreign Account Tax Compliance Act, requiring foreign financial institutions to identify American account-holders and disclose their balances and withdrawals, or face a 30% withholding tax on income from any financial assets they hold in America.
Other countries around the world would not even contemplate such a brazen endeavor that imposes a costly withholding and disclosure regime on sovereign foreign entities and financial assets.
Financial elder abuse can take a number of forms, including stealing money and other assets, forcing the elder to sell his property, and withholding money for daily living expenses.