WASHINGTON (1/22/14)--Nominations for membership on the Financial Crimes Enforcement Network's (FinCEN) Bank Secrecy Act Advisory Group (BSAAG) must be received by FinCEN by Jan. 27, the Credit Union National Association reminds interested credit unions.
BSAAG membership is open to credit unions, and all financial institutions, and trade groups. New members will be selected for three-year terms.
CUNA is currently a member with a term that extends into early 2015. Houston FCU, Sugar Land, Texas, was selected last year as a BSAAG member.
"We encourage credit unions with extensive BSA and anti-money laundering experience to apply if they have the resources to be able to participate in meetings, calls, and working groups," said Deputy General Counsel Mary Dunn in CUNA's reminder.
BSAAG, which ultimately makes BSA policy recommendations to the U.S. Treasury Secretary, is chaired by the FinCEN director. It was created by the 1992 Annunzio-Wylie Anti-Money Laundering Act.
Applications may be mailed to Liaison Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183 or e-mailed to BSAAG@fincen.gov