[Federal Register Volume 86, Number 244 (Thursday, December 23, 2021)]
[Notices]
[Pages 73090-73091]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-27906]


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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 24, 2022.

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

FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 
[email protected].

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 Chapter X. 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, quantifiable

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insights on BSA requirements, and 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 and the organization's 
representative is expected to actively engage in the BSAAG's work 
through participation in meetings of various BSAAG Subcommittees and/or 
working groups, including Subcommittees established pursuant to 
requirements of the Anti-Money Laundering Act of 2020 (AML Act).\1\ 
Members will not be paid for their time, services, or travel.
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    \1\ The AML Act was enacted as Division F, Sec. Sec.  6001-6511, 
of the William M. (Mac) Thornberry National Defense Authorization 
Act for Fiscal Year 2021, Public Law 116-283 (2021). The AML Act, 
among other provisions, mandated the creation of a BSAAG 
Subcommittee on Innovation and Technology (Section 6207) and a BSAG 
Subcommittee on Information Security and Confidentiality (Section 
6302).
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    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.

Himamauli Das,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2021-27906 Filed 12-22-21; 8:45 am]
BILLING CODE 4810-02-P