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Bush Administration Seeks 6.4 Percent Budget Increase for FinCEN
By Matt Squire
printThe Bush Administration is seeking a 6.4 percent budget increase for the U.S. Treasury Department's Financial Crimes Enforcement Network in fiscal 2009 to improve the agency's administration of the Bank Secrecy Act and expand its efforts to share money laundering-related information with other nations and U.S. law enforcement. The proposed $91.3 million budget, a fraction of the total Treasury Department budget released Monday, includes $82.2 million for BSA administration and analysis and $9.2 million for regulatory support programs, including coordinating with the Internal Revenue Services to ensure BSA compliance among money services businesses. The budget includes $1.1 million for expanding...
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