The U.S. Treasury Department announced on Friday that it will pay cash rewards to whistleblowers who report fraud, money laundering, and sanctions violations through a new confidential tip line.
The Financial Crimes Enforcement Network (FinCEN) launched a dedicated webpage to collect tips as part of a broader crackdown on government benefits fraud that has cost taxpayers billions.
“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,” Treasury Secretary Scott Bessent said in a department news release.
“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.”
The announcement follows Bessent’s trip to Minnesota last month, during which he unveiled several anti-fraud initiatives. These include investigating money services businesses and training law enforcement to use financial data against complex fraud schemes.
The IRS will also launch a fraud task force targeting misuse of funds by tax-exempt 501(c)(3) organizations.
“We are going to offer whistleblower payments to anyone who wants to tell us the who, what, when, where, and how this fraud and money laundering has occurred,” Bessent said.
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