[Federal Register Volume 85, Number 249 (Tuesday, December 29, 2020)]
[Notices]
[Pages 85856-85857]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28674]


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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 28, 2021.

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

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

SUPPLEMENTARY INFORMATION: Section 1654 of 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 agencies, and other interested persons and 
financial institutions subject to the regulatory requirements of the 
Bank Secrecy Act, found at 31 CFR 1010-1060. The BSAAG is the means by 
which the Treasury receives advice on the reporting requirements of the 
Bank Secrecy Act, and informs private sector representatives on how the 
information they provide is used. 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 federal and non-federal regulators and law enforcement agencies 
that are located within the United States. Each member selected will 
serve a three-year term and must designate one individual to represent 
that member at plenary meetings. While BSAAG membership is granted to 
organizations, not to individuals, the designated representative for 
each selected organization should be knowledgeable about Bank Secrecy 
Act requirements and be willing and able to devote the necessary time 
and effort on behalf of the representative's organization. Members are 
expected to actively share anecdotal perspectives, and quantifiable 
insights on BSA requirements, and

[[Page 85857]]

industry trends in BSAAG discussions. The organization's representative 
must be able to attend biannual plenary meetings, generally held in 
Washington, DC over one or two days in May and October. Additional 
BSAAG meetings may be held by phone, videoconference, or in person. 
Members will not be paid for their time, services, or travel.
    Nominations for individuals who are not representing an 
organization will not be considered, but organizations may nominate 
themselves. Please provide complete answers to the following items, as 
nominations will be evaluated based on the information provided in 
response to this notice and request for nominations. There is no 
required format; 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.
     Reasons why the organization's participation on the BSAAG 
will bring value to the group.
     Trade groups 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.
    In making the selections, FinCEN will seek to complement current 
BSAAG members and obtain comprehensive representation 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 will not limit consideration to institutions nominated by the 
public when making selections.

Kenneth A. Blanco,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2020-28674 Filed 12-28-20; 8:45 am]
BILLING CODE 4810-02-P