Vice President JD Vance will convene the first meeting of a new White House anti-fraud task force Friday, an administration official told NBC News.
The project, which President Donald Trump announced last month in his State of the Union address, is aimed at reducing federal spending by identifying misuse of federal funds.
Vance will be joined at the meeting by Federal Trade Commission Chair Andrew Ferguson, who will serve as the task force’s vice chair, and deputy White House chief of staff Stephen Miller, who will serve as a senior adviser, the official said. Other Cabinet secretaries and senior administration officials are expected to attend the meeting, which will be held on the White House grounds.
“The task force is an integral part of the Trump Administration’s effort to restore the vision of America as a high-trust society,” a Vance spokesperson said in a statement. “Its work is…
PROCUREMENT & EXPENDITURE (STOPPING KICKBACKS)
Procurement fraud usually involves inflated invoices or “fictitious” vendors.
- The Three-Way Match: Never pay an invoice unless you have matched the Purchase Order (PO), the Delivery Note (signed), and the Supplier Invoice.
- Vendor Master File Review: Review your vendor list annually. Look for suppliers with the same bank details or physical addresses as your employees.
- Dual Authorization: Implement a “Two-to-Sign” rule for all EFT payments above a certain threshold (e.g., R5,000).
- No “Cashing” of Checks: If you still use physical checks, strictly prohibit “Cash” as a payee and store blank checks in a dual-lock safe.