FinCEN taking nominations to BSA advisory panel

Nominations to membership on the panel that advises the Financial Crimes Enforcement Network (FinCEN) director on Bank Secrecy Act (BSA) reporting requirements will be taken until Jan. 28, the agency said in a recent notice.

Membership on the BSA Advisory Group (BSAAG), which is chaired by the FinCEN director, is open to financial institutions, trade groups, and federal and non-federal regulators and law enforcement agencies that are located within the United States. Each new member will be appointed to a three-year term, the agency said.

Nominations should consist of the name of the organization requesting membership; point of contact, title, address, email address, and phone number; description of the financial institution or trade group and its involvement with the BSA; and reasons why the organization’s participation on the BSAAG will bring value to the group.

The agency adds that trade groups making nominations must submit a full list of their members along with their nomination. “Trade groups must also confirm that, if selected, they will only share BSAAG information with their members that are located within the United States,” it said in the notice published Dec. 29 in the Federal Register.

Nominations should be sent by email to BSAAG@fincen.gov.

Federal Register notice

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