By PAUL O’DONOGHUE, Senior Correspondent
FINCEN, the U.S. AML watchdog, has launched a new webpage to receive confidential whistleblower tips.
The program targets fraud, money laundering, and sanctions violations. Treasury Secretary Scott Bessent said eligible whistleblowers may receive financial rewards.
“President Trump has been clear that Americans have a right to know that their tax dollars are not being diverted to fund acts of global terror or to fund luxury cars for fraudsters,” Bessent said.
“At Treasury, we follow the money. We did it with the mafia, we have done it with the cartels, and we’re doing it with the Somali fraudsters.”
Potential whistleblowers can submit tips and find information on the scheme [HERE].
The move comes as the Trump aminstration has taken action against government benefits fraud. Officials say these schemes have cost taxpayers billions of dollars.
Officials advise submitting detailed tips with supporting documents quickly. FinCEN said: “FinCEN’s Office of the Whistleblower is accepting tips involving violations and conspiracies related to the Bank Secrecy Act, U.S. sanctions programs, and several other laws critical to safeguarding the U.S. financial system and national security.
“Individuals who provide information may be eligible for awards if their tip leads to a successful enforcement action.
“Whistleblowers are encouraged to submit information as soon as possible and to provide detailed, specific documentation to support their claims.”
More information on the program and submissions is available at fincen.gov/whistleblower.
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