Treasury Successfully Implements New Safeguard to Stop Payments to Deceased Individuals
New Verification Process Screened Over 885 Million Federal Payments Worth Nearly $2.7 TrillionWASHINGTON – The U.S. Department of the Treasury and the…
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New Verification Process Screened Over 885 Million Federal Payments Worth Nearly $2.7 TrillionWASHINGTON – The U.S. Department of the Treasury and the Bureau of the Fiscal Service announced the successful implementation of a new government-wide payment verification process that helps stop federal payments from being sent to deceased individuals, fulfilling a key requirement of Executive Order 14249, Protecting America's Bank Account Against Fraud, Waste, and Abuse.“Treasury has delivered on a key promise of President Trump’s mandate to stop improper payments and fraud before money leaves the Treasury, and strengthen the integrity of the federal payment system,” said Secretary Scott Bessent.
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