Ongoing probes examine declared currency movements and potential fraud links.
The Department of the Treasury, Federal Bureau of Investigation (FBI), Internal Revenue Service (IRS), and Homeland Security Investigations (HSI) are among the federal agencies investigating large amounts of declared cash transported through U.S. airports, including nearly $700 million flagged in recent years at Minneapolis–St. Paul International Airport.
The investigations include reviews of whether any funds may have been misused or routed overseas for illicit purposes. Homeland Security officials said the cash transfers, while legally declared, raised concerns due to their size and frequency. The probe is part of broader investigations into alleged fraud schemes and financial crimes connected to Minnesota-based cases.
“A lot of money has been transferred from the individuals who committed this fraud,” Treasury Secretary Scott Bessent said in a recent interview. He added that much of that money “has gone overseas, and we are tracking that both to the Middle East and to Somalia to see what the uses of that have been.”
Officials have noted limits on federal authority when currency is properly declared, prompting some legislators to recommend potential legislative changes to strengthen financial oversight.
As the Lord Leads, Pray with Us…
- For Secretary Bessent, Director Patel, and Acting Director Lyons as they coordinate investigations into the cash carried out of the U.S.
- For prudence for the federal investigators and prosecutors as they handle complex financial crime cases.
- For members of Congress as they consider whether to update financial controls on money being removed from the U.S.
Sources: MSN, Fox News, Just The News
