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Minnesota's New Rule: Report Large Foreign Transfers

New Rule in Minnesota: International Transfers Over $3K Require Reporting to Combat Fraud The Financial Crimes Enforcement Network has implemented a new rule in Minnesota, specifically in Hennepin and Ramsey counties. Anyone sending $3,000 or more to a foreign country must now file a report first. This measure aims to help fight widespread fraud, particularly in state programs funded by federal dollars, where billions have been stolen, including from Medicaid, autism services, and housing aid. The Treasury Secretary has criticized Governor Tim Walz for the surge in welfare fraud, with funds intended for vulnerable groups being diverted, especially by Somali fraud rings. The state has taken steps to address the issue, including audits, freezing new enrollments, and appointing a new fraud prevention head. Federal prosecutors have also provided training to local law enforcement and announced fresh charges in fraud cases, estimating the total theft could reach $9 billion or more. President Trump is intensifying focus on Minnesota, targeting Democrats and these issues ahead of larger political moves. Checkout Solipillow.com

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