Treasury Secretary Scott Bessent says his agency is taking a closer look at financial transactions between Minnesotan residents and businesses and Somalia

The U.S. Treasury Department's Financial Crimes Enforcement Network (FinCEN) has notified some money services businesses they are under investigation for alleged fraud as part of a crackdown on federal social benefits abuses in Minnesota,

Treasury Secretary Scott Bessent announces new enforcement measures to combat alleged Minnesota fraud scandal estimated at $9 billion in federal funds.

U.S. Treasury Secretary Scott Bessent speaks during a press conference to unveil the official Trump Accounts website, at the Treasury Department in Washington, D.C., U.S., December 17, 2025. REUTERS/Aaron Schwartz MINNEAPOLIS,

The administration continues to ramp up its response to the massive social services fraud in Minnesota, with Treasury Secretary Scott Bessent enumerating steps his department is taking to prevent similar abuses going forward.

Treasury Secretary Scott Bessent told the Minnesota Economic Club that the Trump administration will claw back federal dollars used in fraudulent schemes. (Credit: Economic Club of Minnesota)

LE SUEUR, Minnesota, Jan 9 () - The U. Treasury Department's ​Financial Crimes Enforcement Network (FinCEN) has ‌notified some businesses that they are under ‌investigation for alleged fraud involving COVID-era tax incentives,

Treasury Secretary Scott Bessent spoke to the Economic Club of Minnesota in Golden Valley this week. Here are three takeaways from his speech.