Nominations to BSA advisory panel due Jan. 28 to FinCEN

Nominations to a panel that advises Treasury on Bank Secrecy Act (BSA) matters are due Jan. 28 to Treasury’s Financial Crimes Enforcement Network (FinCEN), according to a notice published Friday in the Federal Register.

FinCEN is inviting nominations for three-year terms on the panel. Membership is not for individuals but for organizations, including financial institutions that are subject to BSA, trade groups that have members subject to BSA, and non-federal regulators or law enforcement agencies, the notice says.

Organizational members are required to designate one individual to represent them. The notice says the organization representative should be knowledgeable about BSA matters, and the organization itself must be willing and able to put in the necessary time and effort. “Examples of expected effort include actively sharing not just anecdotal perspectives, but also quantifiable insights, on BSA requirements and industry trends in BSAAG discussions,” it says.

The organization’s representative must be able to attend biannual plenary meetings in Washington, D.C., which are generally conducted over one or two days, in May and October. Additional BSAAG meetings are held by phone or in person.

FinCEN notes that advisory group members are not remunerated for their time, services, or travel.

Notice and request for nominations

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