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During the most recent fiscal year, which ended in September, the agency’s new data-driven approach to rooting out bad actors contributed to the prevention and recovery of more than $4b in fraudulent payments, according to a press release. That’s a more than sixfold increase over the $652.7m in fraudulent payments detected or recovered during the 2023 fiscal year.
“Treasury takes seriously our responsibility to serve as effective stewards of taxpayer money. Helping ensure that agencies pay the right person, in the right amount, at the right time is central to our efforts,” Treasury Deputy Secretary Wally Adeyemo said in a statement. “We’ve made significant progress during the past year in preventing over $4 billion in fraudulent and improper payments. We will continue to partner with others in the federal government to equip them with the necessary tools, data, and expertise they need to stop improper payments and fraud.”
