The U.S. Treasury has proposed a rule that all mutual fund companies be required to report any suspicious financial transactions, hoping to net drug dealers, terrorists and money launderers. The new rule would require mutual funds to file such reports within 180 days of such suspicious transactions involving $5,000 or more.

"Suspicious activity reporting by mutual funds is expected to provide highly useful information to both law enforcement and regulators," said Robert Werner, director of the Treasury Department's Financial Crimes Enforcement Network.

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