FinCEN invites applications to BSA Advisory Group

Nominations of financial institutions, trade groups and non-federal regulators or law enforcement agencies to the Bank Secrecy Act Advisory Group (BSAAG) of the Financial Crimes Enforcement Network (FinCEN) will be accepted by the network for 30 days following the date of the solicitation.

The notice of solicitation is slated for publication Thursday in the Federal Register.

The BSAAG advises Treasury on the operations of the Bank Secrecy Act (BSA). As chair of the BSAAG, the director of FinCEN is responsible for ensuring that relevant issues are placed before the BSAAG for review, analysis, and discussion.

FinCEN says new members of the advisory group will be selected for three-year membership terms. Nominations will be evaluated based on the information provided through this application process. There is no formal application; interested organizations may submit their nominations via email, or email attachment, to Nominations should include:

  • Name of the organization requesting membership
  • Point of contact, title, address, e-mail address and phone number
  • Description of the financial institution or trade group and its involvement with the Bank Secrecy Act, 31 CFR 1000 – 1099 et seq.
  • Reasons why the organization’s participation on the BSAAG will bring value to the group

Organizations may nominate themselves, but nominations for individuals who are not representing an organization will not be considered, the notice says. Members will not be remunerated for their time, services, or travel, the notice says.

Bank Secrecy Act Advisory Group; Solicitation of Application for Membership