#FinCEN

Total 2 articles

US Treasury seal superimposed over a map of digital money transfers

US Treasury Probes Banks in Minnesota Fraud Scandal: Regulatory Risks Intensify

The US Treasury is investigating banks and money transfer firms linked to the Minnesota fraud scandal. Secretary Scott Bessent warned of strict accountability for AML failures.

Jan 10, 2026

Secretary Scott Bessent speaking at a podium with the Treasury seal visible.

PoliticsEN

Scott Bessent Minnesota Fraud Crackdown Targets Somalia Remittances

U.S. Treasury Secretary Scott Bessent announces a major fraud crackdown in Minnesota, targeting Somali remittances amidst rising federal-local tensions over immigration.

Jan 9, 2026