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Bank Secrecy Act Advisory Group; Solicitation of Application for Membership

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Financial Crimes Enforcement Network, Treasury.


Notice and request for nominations.


FinCEN is inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms.


Nominations must be received by December 27, 2011.


Applications may be mailed (not sent by facsimile) to Regulatory Policy and Programs Division, Financial Crimes Enforcement Network, P.O. BOX 39, Vienna, VA 22183 or emailed to:

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Clare Murphy, Regulatory Outreach Specialist at (202) 354-6400.

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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 Secretary 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. Ultimately, the BSAAG will make policy recommendations to the Secretary on issues considered. BSAAG membership is open to financial institutions and trade groups. New members will be selected to serve a three-year term and must designate one individual to represent that member at plenary meetings. In compliance with Executive Order 13490 of January 21, 2009, and White House policy, member Start Printed Page 72765organizations may not designate a representative to participate in BSAAG plenary or subcommittee meetings who is currently registered as a lobbyist pursuant to 2 U.S.C. 1603(a).

It is important to provide complete answers to the following items, as applications will be evaluated on the information provided through this application process. Applications should consist of:

  • Name of the organization requesting membership.
  • Point of contact, title, address, email address and phone number.
  • The BSAAG vacancy for which the organization is applying.
  • 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.

Based on current BSAAG position openings we encourage applications from the following sectors or types of organizations with experience working on the Bank Secrecy Act:

  • State Governments (1 vacancy).
  • Self-Regulatory Organizations (1 vacancy).
  • Industry Trade Groups—Banking (2 vacancies).
  • Industry Trade Groups—Credit Unions (1 vacancy).
  • Industry Trade Groups—Insurance (1 vacancy).
  • Industry Trade Groups—International (1 vacancy).
  • Industry Trade Groups—Futures (1 vacancy).
  • Industry Trade Groups—Gatekeepers (1 vacancy).
  • Industry Trade Groups—Loan or Finance Companies (1 vacancy).
  • Industry Representatives—Insurance (1 vacancy).
  • Industry Representatives—Operator of Credit Card Systems (1 vacancy).
  • Industry Representatives—Money Services Businesses (1 vacancy).

Organizations may nominate themselves, but applications for individuals who are not representing an organization for a vacancy noted above will not be considered. Members must be able and willing to make the necessary time commitment to participate on subcommittees throughout the year by phone and attend biannual plenary meetings held in Washington, DC the second Wednesday of May and October. 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.

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Dated: November 16, 2011.

James H. Freis, Jr.,

Director, Financial Crimes Enforcement Network.

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[FR Doc. 2011-30312 Filed 11-23-11; 8:45 am]