This post was originally published on https://www.fincen.gov.

In Minnesota, alongside other senior U.S. officials, U.S. Secretary of the Treasury Scott Bessent today announced several initiatives to combat the rampant fraud that has wasted billions of dollars in Minnesota. As part of the White House Task Force to Eliminate Fraud, Treasury continues to work tirelessly to protect American taxpayer dollars and restore integrity to federal benefits programs. Treasury’s Financial Crimes Enforcement Network (FinCEN) today issued an alert asking financial institutions to watch for suspicious activity involving certain cross-border payments involving U.S.