Federal Register: FinCEN Seeks Nominations for Bank Secrecy Act Advisory Group

The FinCEN request for member nominations to the Bank Secrecy Act Advisory Group (the "Group") was published in the Federal Register. Nominations must be submitted by January 21, 2020.

As previously covered, the Group serves as adviser to the Treasury on the operations of the Bank Secrecy Act. In its Notice and Request for Nominations, FinCEN said that the public may nominate any financial institution, trade group, or non-federal regulator or law enforcement agency for a three-year membership term. FinCEN requested that submitted nominations include:

• the organization's name;

• a point of contact's information;

• a description of the financial institution or trade group and its involvement with the Bank Secrecy Act; and

• reasons why the organization's participation will bring value to the Group.