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ICE Budget Includes Funding for Smuggling, Trade Finance Units

By Matt Squire

The Bush Administration is seeking a 7 percent budget increase next year for the U.S. Immigration and Customs Enforcement (ICE) that includes additional money for its trade-related money laundering operations and funding for a new bulk cash smuggling investigative unit. ICE, an agency of the Department of Homeland Security that targets immigration violations and some money laundering cases, would receive $5 billion under the president's budget proposal for fiscal 2008, according to a report issued by the department on Monday. Under the proposal, ICE would receive $2.1 million to hire 11 employees, buy equipment and train investigators, police officers and...

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