WASHINGTON (12/29/14)--Nominations for financial institutions and trade groups for membership in the U.S. Treasury's Financial Crimes Enforcement Network's (FinCEN) Bank Secrecy Act (BSA) advisory group are now being accepted.
Advisory group membership is open to financial institutions and trade groups. New member organizations will be selected to serve a three-year term and must designate one individual to represent it at meetings. The Credit Union National Association is currently a member with a term that extends into early 2015.
"The designated representative should be knowledgeable about Bank Secrecy Act requirements and 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, D.C., the second Wednesday of May and October," the notice reads.
Nominations are due within 30 days of the notice being published in the Federal Register, which is expected shortly.
According to the solicitation of membership, the group is the means by which the Treasury receives advice on the operations of the Bank Secrecy Act. FinCEN Director Jennifer Shasky Calvery is the chair.