The U.S. Department of the Treasury's Financial Crimes Enforcement Network, or FinCEN, has launched a new dedicated web page to confidentially accept whistle blower tips on fraud, money laundering, and sanctions violations. Secretary of the Treasury Scott Bessent announced that Treasury would provide financial rewards for eligible whistle blower 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. In addition, the IRS will launch a dedicated fraud task force focused on targeting the misuse of funding by 501(c)(3) tax-exempt entities.
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.