HI HB1640

Requires financial institutions to develop and implement policies for training employees to recognize signs of covered financial exploitation of members or customers, including vulnerable adults.

Mandates that financial institutions delay suspicious transactions and authorizes them to freeze related accounts for up to 15 business days during investigation, with extensions possible if law enforcement confirms an active investigation.

Establishes reporting procedures requiring financial institutions to report suspected exploitation to law enforcement or the Department of Human Services, with notification to county prosecuting attorneys within 10 business days.

Protects confidentiality of reporters and victims by exempting their identities from public records disclosure under Hawaii's Uniform Information Practices Act (Chapter 92F).

Grants financial institutions and their employees, officers, and directors immunity from liability for actions taken under this law, with no private right of action permitted against them.