The U.S. Treasury Department's budget would see a four percent increase over last year's funding under a White House proposal scheduled to take effect in October.
Plans for a national identification system that would require personal information to be stored in state-controlled databases will boost bank costs associated with large-scale data breaches, according to privacy consultants and information policy analysts.
The Bush Administration is seeking a 7 percent budget increase next year for the U.S. Immigration and Customs Enforcement that includes about $4 million for units that investigate bulk cash smuggling and trade finance-related money laundering.
print