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U.S. officials formally requested to boost the Financial Crimes Enforcement Network's budget by 50 percent next fiscal year to cover the development of a corporate ownership database and implementation of dozens of other reforms of federal anti-money laundering rules. The White House's request asks Congress to allocate nearly $197 million to FinCEN for the fiscal year beginning Oct. 1 and ending Sept. 30, 2022, which would exceed the bureau's current budget by $64 million and help cover the cost of making necessary IT upgrades and adding 80 full-time employees to FinCEN's current staff of 303. The Anti-Money Laundering Act, or...