The Bush administration says it will ask for a substantial increase — 12.7 percent — in the budget to pay for new efforts to stop terrorist financing and other financial crimes. The money would go to the Financial Crimes Enforcement Network (FinCEN), a Treasury Department bureau for monitoring and cutting off money used in criminal and terrorist activities. One among several programs that could get more money is FinCEN Gateway, an information system set up to help federal, state and local law enforcement officials gain access to records filed under the Bank Secrecy Act. A portion of the money would help pay for a new Web-based data retrieval system and analytical tools to investigate suspected money laundering, Treasury officials said today at a briefing in the department’s headquarters. Full Story
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