WASHINGTON - Director James F. Sloan told a House panel Wednesday that the Financial Crimes Enforcement Network must raise its budget by more than two-thirds to start tracking money-laundering among nonbanks and develop more sophisticated data systems.

The Clinton administration's fiscal year 2001 budget plan requests $34.7 million for Fincen, a Treasury Department unit that collects and analyzes suspicious activity and other reports from financial institutions. It received $29.6 million this year.

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