Tag: student_aid_fraud

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

19 Oct 2026 2:27 p.m. · Source: Financial Crimes Enforcement Network

FinCEN has identified about $270 million in suspicious activity potentially linked to federal student aid fraud and referred its findings to federal investigators, following a July alert to financial institutions.

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