Treasury targeting criminal networks diverting funds to terror groups like Al Shabaab, Bessent says

Treasury's FinCEN issued a geographic targeting order to trace criminal networks diverting funds to terror groups, Treasury Secretary Scott Bessent said Friday. These data-driven efforts also support local law enforcement fighting fraud in Minnesota.

Treasury's Financial Crimes Enforcement Network is taking action to ensure taxpayer dollars do not reach terror groups like Al Shabaab. FinCEN data has bolstered law enforcement efforts since the start of the Trump administration, resulting in 115 fraudsters being charged and 75 convicted in Minnesota, Treasury Secretary Scott Bessent said on Friday.