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Treasury increases budget to fight financial crime

The Bush Administration has proposed a 12.7% increase in its budgetary allocation to the Financial Crimes Enforcement Network (FinCEN) to strengthen the country’s financial war on terror and other financial crimes.

In a statement released on January 16, 2004, the Treasury said FinCEN, a bureau of the US Treasury, played a key role in the administration’s broad effort to stop financial crime and the flow of money to terrorist organisations.

FinCEN works with the financial community to support local, state, and federal law enforcement and intelligence agencies to help prevent the abuse of the financial system

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