Treasury increases FinCEN budget
Washington, DC -- 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 in mid-January, the Treasury says 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 is on the frontlines everyday, tracking down those who attempt to use the US and the global financial system to plot, fund and perpetrate acts of terrorism around the
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