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FinCEN Seeks BSA Advisory Group Candidates


The U.S. Treasury Financial Crimes Enforcement Network (FinCEN) is seeking candidates to serve on the U.S. Treasury’s Bank Secrecy Act Advisory Group (BSAAG).  Currently, CUNA, the California and Nevada Credit Union Leagues, and State Farm FCU represent credit unions on the BSAAG, which also includes representatives from federal regulatory and law enforcement agencies, financial institutions, and trade associations.  The BSAAG is chaired by the Director of FinCEN and is the means by which the Secretary of the Treasury receives advice on the operations of the Bank Secrecy Act (BSA).  We anticipate that the number of new members on the BSAAG will be very limited, and encourage credit unions with extensive BSA / AML experience in a variety of products and services, as well as resources to participate in meetings, calls, and working groups to submit their application to FinCEN by February 15, 2013.