Andrew Harrer/BloombergProcessing ContentKey insight: The Federal Reserve is cracking down on bank employees caught stealing funds from banks and their customers. The Federal Reserve is cracking down on bank employees caught stealing funds from banks and their customers. — 2022 advisory from the Financial Crimes Enforcement Network Forward look: Banks and regulators are keeping closer tabs on scams and other forms of elder financial abuse. The Federal Reserve banned two former bankers from returning to the industry for pocketing funds from elderly customers. Beyond theft and scams, misallocation of resources is a growing concern throughout the country, especially among small community banks.