[Federal Register Volume 84, Number 244 (Thursday, December 19, 2019)]
[Notices]
[Page 69822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27358]



[[Page 69822]]

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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Bank Secrecy Act Advisory Group; Solicitation of Application for 
Membership

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice and request for nominations.

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SUMMARY: FinCEN is inviting the public to nominate financial 
institutions, trade groups, and non-federal regulators or law 
enforcement agencies for membership on the Bank Secrecy Act Advisory 
Group. New members will be selected for three-year membership terms.

DATES: Nominations must be received by January 21, 2020.

ADDRESSES: Nominations must be emailed to [email protected].

FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 800-767-
2825.

SUPPLEMENTARY INFORMATION: The Annunzio-Wylie Anti-Money Laundering Act 
of 1992 required the Secretary of the Treasury to establish a Bank 
Secrecy Act Advisory Group (BSAAG) consisting of representatives from 
federal regulatory and law enforcement agencies, financial 
institutions, and trade groups with members subject to the requirements 
of the Bank Secrecy Act, 31 CFR 1000-1099 et seq. or Section 6050I of 
the Internal Revenue Code of 1986. The BSAAG is the means by which the 
Treasury receives advice on the operations of the Bank Secrecy Act. 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.
    BSAAG membership is open to financial institutions, trade groups, 
and non-federal regulators and law enforcement agencies. Membership is 
granted to organizations, not to individuals. Organizational members 
will be selected to serve a three-year term and must designate one 
individual to represent that member at plenary meetings. The designated 
representative should be knowledgeable about Bank Secrecy Act 
requirements and the representative's organization must be able and 
willing to devote the personnel 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. The organization's representative must be able to 
attend biannual plenary meetings, generally conducted over one or two 
days, held in Washington, DC, in May and October. Additional BSAAG 
meetings are held by phone or in person.
    It is important to provide complete answers to the following items, 
as nominations will be evaluated on the information provided through 
this application process. There is no formal application; interested 
organizations may submit their nominations via email or email 
attachment. Nominations should consist of:

 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 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. Members will not be remunerated for their time, services, 
or travel. In making the selections, FinCEN will seek to complement 
current BSAAG members in terms of affiliation, industry, and geographic 
representation. The Director of FinCEN retains full discretion on all 
membership decisions. The Director may consider prior years' 
applications when making selections and does not limit consideration to 
institutions nominated by the public when making selections.

Jamal El-Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2019-27358 Filed 12-18-19; 8:45 am]
BILLING CODE 4810-02-P