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White House boosts FinCEN funding

WASHINGTON, DC

-- The US administration stepped up its campaign against money laundering and terrorism financing in February by proposing a $7.1 million increase in funding for the Treasury’s Financial Crime Enforcement Network (FinCEN).

Under the proposal, FinCEN, a Treasury body formed in 1990 to act as a link between law enforcement agencies and the financial sector, will receive financial year

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