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Story summary
- The U.S. Treasury Department intensified its Minnesota social services fraud investigation.
- Secretary Scott Bessent announced measures aimed at recovering billions in stolen funds.
- The department highlights money services businesses in facilitating fraud and potentially funding al-Shabaab.
- The U.S. Treasury Department is auditing financial institutions and imposing new reporting requirements to increase oversight.
- Local officials estimate losses at $2 billion, stressing the need for increased oversight.
