Treasury Targets Fraud Schemes Exploiting Government Health Care Benefits

Separately Announces Framework to Pay Whistleblowers for TipsWASHINGTON—Today, in support of President Trump’s pledge to combat fraud, the U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) issued an Advisory urging financial institutions to be vigilant about fraud schemes targeting government health care benefit programs such as Medicare and Medicaid. This follows Secretary of the Treasury Scott Bessent’s trip to Minnesota earlier this year, where he announced numerous steps that Treasury is implementing to detect and stop government benefits fraud across the country. Separately today, FinCEN issued a proposed rule paving the way to pay whistleblowers for actionable tips, further protecting the U.S.