Nathan Tankus
speaker
348 appearances
2 recordings
1 series
first heard Feb 2025
last heard 17 Jul
Nathan Tankus’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.
Appearances
implement what you want.
Yeah, so I mean, I think you know, for an odd lots audience who talks about the banking system a lot more and talks about the Federal Reserve, I think that is where to start to talking about this.
Talking about having individual verification of payments and trying to determine improper payments at the technical operation, operational level of processing payments is like saying that like the operations departments at the Federal Reserve banks should not just simply rely on
know your customer laws, anti-money laundering, and all sorts of other sort of safeguards for an authorized, you know, you know, uh authorized payer to make payments.
That, you know, the fundamental premise of the payment system, of any payment system that you're supposed to rely on is that
Whether or not a legitimate payment is going is determined by the process of letting people into the system.
And that if a regular show up with what is going on with one of these authorized users, then that gets investigated.
Maybe they get shut out of the system.
But trying to examine the individual payments, I mean, you know, it's like saying that.
that the operations department of the Federal Reserve banks have been improperly sending improper payments.
Yeah.
So I mean, you know, the big pictures to think about this is that the Treasury, the Bureau of the Fiscal Service is essentially, and the and thus the Treasury as a whole, is essentially a fiscal agent for every administrative agency in the federal government and a various set you may maybe some other entities as well.
And so, you know, traditionally when we talk about this, we talk about Treasury payments.
people consolidate the entire federal government and just say the Treasury.
And you know, it's a shorthand that's useful for ninety-nine percent of per purposes, just like other forms of consolidation would be.
But for payment operational level issues, and you ask that question, or when you ask questions about it, you have to disaggregate the federal government and examine those payments upgrade.
Yeah.
And the Bureau of the of the Fiscal Service.
Wants those administrative agencies to have better internal controls.
They have their own payment integrity unit, which is not supposed to investigate the payments themselves, but to help improve the controls.
Showing 281–300 of 348 · page 15 of 18
← Previous
Next →