Scott Bessent: “This administration will not tolerate blatant abuse of our financial system, nor will it permit risks posed by the…”

Treasury continues to transform how the federal government protects taxpayer dollars by using better data, stronger controls, and advanced technology to stop fraud and improper payments before money goes out the door.

Today’s actions send a clear message that even the biggest financial institutions are not above the law.

We are moving beyond ‘pay and chase’ and making prevention the federal government’s first line of defense.

The world has been coming to the U.S., and China has been the missing piece.