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Bush Budget Proposal Includes 22% Increase for FinCEN
By Matt Squire
printPresident Bush's proposed budget includes a 22 percent increase for the U.S. Treasury's Financial Crimes Enforcement Network (FinCEN), in part to help fund its Bank Secrecy Act (BSA) E-Filing and Cross-Border Wire Transfer initiatives. FinCEN, the agency responsible for BSA compliance, would also use the $85.8 million requested for fiscal 2008 to help improve its disaster recovery and project management capabilities, according to a Treasury Department statement. The allotment represents a small portion of the $12.1 billion discretionary budget President Bush is seeking for the Treasury Department in the fiscal year beginning Oct. 1. More than 90 percent of that...
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