FinCEN invites nominations to BSA advisory panel

Nominations of financial institutions, trade groups, and non-federal regulators or law enforcement agencies to the Bank Secrecy Act Advisory Group (BSAAG) are sought by Treasury’s Financial Crimes Enforcement Network (FinCEN), according to a Federal Register notice published Thursday.

BSAAG advises Treasury on BSA reporting requirements as well as informs private sector representatives on how the information they provide is used. The FinCEN director serves as chair of the BSAAG and s responsible for ensuring that relevant issues are placed before the panel for review, analysis, and discussion.

All nominations for the BSAAG must be submitted by Jan. 24, the notice states.

FinCEN notes that membership on the advisory group is open to financial institutions, trade groups, and federal and non-federal regulators and law enforcement agencies that are located within the United States. Members serve three-year terms, and each member must designate one individual to represent that member at plenary meetings.

Federal Register notice – BSAAG membership

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