The U.S. Department of the Treasury's Financial Crimes Enforcement Network, or FinCEN, has 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.
Monday, FinCEN issued a proposed rule paving the way to pay whistle-blowers for actionable tips, further protecting the U.S. financial system from illicit activity.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.