The Treasury Department identified around $17.5 billion in suspicious financial activity linked to healthcare fraud through its financial crimes enforcement network.
“By identifying and reporting this suspicious activity, financial institutions have given law enforcement critical insight into the illicit actors who deliberately exploit U.S. healthcare benefits programs,” Treasury Secretary Scott Bessent said in a statement on Sept. 9.
The amount identified includes both completed and attempted transactions.
The Treasury’s financial crimes unit analyzed more than 5,700 Bank Secrecy Act reports from 471 financial institutions between March 2025 and February 2026, and mapped out critical fraud patterns in a financial trend analysis.
Where Potential Fraudsters Are Located
California led the nation in flagged providers, followed by Puerto Rico, Florida, New York, and Minnesota, while 1.5 percent have a foreign address….