U.S. Department of the Treasury

Whistleblowers play a critical role in protecting the integrity of our financial system. @USTreasury launched a new webpage that brings our whistleblower programs together in one place, making it easier to find information and navigate the reporting process.

Today, @POTUS and I joined Senator Darline Graham, the Graham family, and friends from across the nation to honor the life and legacy of Senator Lindsey Graham. Lindsey was a great patriot and dedicated public servant who never stopped fighting for the Palmetto State and the American people. I’m grateful to have worked alongside him to advance President Trump’s agenda at home and abroad. It was an honor to call him my friend and my senator. His legacy of service to South Carolina and our nation will endure.

.@SecScottBessent: We are building this incredible economy under @POTUS. We're seeing investment kicking in now all over the country. This is a manufacturing renaissance.

.@SecScottBessent: The underlying economy is very, very strong. The consumer remains resilient, lower-income workers are seeing bigger wage increases, core inflation is down to 2.6%, and we're seeing record investment come into the United States. Those investments mean construction jobs today and manufacturing jobs tomorrow.

Through @TrumpAccounts, @POTUS is helping a new generation of Americans enter our economy with both a stake in its future and the knowledge of how to thrive in it. At today's Financial Literacy and Education Commission meeting, I was pleased to discuss how the most successful program launch in government history will unleash a financial literacy boom. 7 million children have already enrolled in Trump Accounts, 86 percent of whom are from families earning less than $200,000. Financial markets are now personally meaningful to an entirely new class of shareholders. And that experience will be reinforced by fifteen learning modules tailored to each age group. As financial products and services continue to evolve, Trump Accounts will ensure that financial education evolves with them.

This past filing season, millions of American families and workers claimed expanded tax deductions and credits tied directly to wages, children, overtime, tips, and earned income. @POTUS’ signature @TaxCuts delivered substantial relief to hardworking Americans and provided greater relief and tax certainty to low- and middle-income households.

Every dollar stolen from Federal student aid is a dollar taken from taxpayers and deserving students. The Trump Administration will not tolerate criminals who exploit government programs for personal gain. Treasury is working with financial institutions and law enforcement to identify these fraud schemes, recover stolen funds, and hold those responsible accountable.

The Iranian regime continues to pay a steep economic price for its reckless behavior, with the rial plunging to another record low and inflation up massively. Under @POTUS’ leadership, Treasury will continue cutting off economic access for corrupt Iranian regime elites, along with their financiers and facilitators.

Today, @FinCENnews issued an Alert urging financial institutions to detect, prevent, and report suspicious activity connected to fraud schemes targeting student aid programs administered by the Federal government. The schemes not only result in losses to Federal student aid programs, but in some cases, real students face difficulties enrolling in classes because of the number of fraudulently enrolled “students.”

Today, Treasury’s Office of Foreign Assets Control designated four individuals and nine entities that form key components of Babak Zanjani broader Iranian sanctions evasion network. Zanjani has leveraged a diverse portfolio to obscure ownership, launder revenue, and expand his capacity to move funds covertly through Iran and offshore.

This week, I convened the inaugural meeting of Treasury’s Payment Fraud and Scams Working Group in collaboration with @BrendanCarrFCC, @FTC Chairman Andrew Ferguson, and @federalreserve Vice Chair for Supervision Michelle Bowman. Treasury is leading a comprehensive effort to combat these crimes by bringing together leaders across the financial services, telecommunications, and technology industries, and using every tool at our collective disposal to expose scammers, disrupt their networks, protect consumers, and hold criminals accountable.

Public money and tax-exempt status demand public accountability. Great to see @WaysandMeansGOP, @RepJasonSmith, and @RepSmucker take the lead with legislation that complements Treasury’s work to improve transparency, strengthen tax administration, and provide clearer reporting on certain activities of tax-exempt organizations. We are taking action to prevent nonprofit status from being used to enable or conceal fraud, abuse, and illegal extremist activity.

.@POTUS has made clear that terrorist cartels will be dismantled. Today's action strikes Cartel de Jalisco Nueva Generacion's leadership, financiers, and criminal networks, denying the cartel the resources it uses to traffic fentanyl, terrorize communities, and threaten American lives.

Today, in a sweeping action to confront narcoterrorism, Treasury’s Office of Foreign Assets Control sanctioned over 50 Mexican individuals and entities linked to the terrorist Cartel de Jalisco Nueva Generacion, which is responsible for a significant proportion of fentanyl and other deadly drugs trafficked into the United States.