Tag: federal_student_aid_fraud

Treasury Flags $270 Million in Suspicious Activity Tied to Federal Student Aid Fraud

19 Oct 2026 2:27 p.m.

FinCEN referred its findings to federal investigators after nearly 100 suspicious activity reports and more than 20,000 flagged transactions since February.

Politics and Government Law Enforcement Business Federal Government White House Economy Education Legal Social Issues FinCEN student aid fraud U.S. Department of the Treasury Scott Bessent Linda McMahon suspicious activity reports Bank Secrecy Act Financial Crimes Enforcement Network federal student aid fraud White House Task Force to Eliminate Fraud US Treasury