Treasury Accepting Whistleblower Tips on Fraud, Money Laundering, Sanctions Violations

WASHINGTON—The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) today launched a new dedicated webpage to confidentially accept whistleblower tips on fraud, money laundering, and sanctions violations. While in Minnesota last month in support of President Trump’s efforts to stop the rampant government benefits fraud schemes, which have cost taxpayers billions of dollars, Secretary of the Treasury Scott Bessent announced that Treasury would provide financial rewards for eligible whistleblower tips. In Minnesota, Secretary Bessent also unveiled a series of initiatives Treasury is undertaking to combat fraud, including investigating Money Services Businesses, enhancing reporting to accelerate prosecutions and recover laundered funds, alerting financial institutions to help disrupt fraud rings exploiting child nutrition programs, and training law enforcement to better leverage financial data to combat complex fraud schemes.