Treasury Dept to offer whistleblower rewards on fraud, money laundering

The Treasury Department has set up a website for whistleblower tips on fraud and money laundering. In the wake of a scandal involving federal funds intended for social welfare programs in Minnesota, the U-S Treasury is taking steps to root out fraud and abuse. Secretary Scott Bessent said his department would offer rewards to whistleblowers if a tip resulted in a successful enforcement action. The IRS is also
launching a dedicated fraud task force focused on targeting the misuse of funding by 501(c)(3) tax-exempt organizations.