WASHINGTON (12/27/13)--The Financial Crimes Enforcement Network (FinCEN) is inviting the public to nominate financial institutions and trade groups for membership on the Bank Secrecy Act Advisory Group (BSAAG). The Credit Union National Association is a BSAAG member.
BSAAG membership is open to financial institutions and trade groups and new members will be selected for three-year membership terms.
Nominations must be received by Jan. 27.
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
. Use the resource link below for more information.
CUNA's current term ends in early 2015. Houston FCU was selected last year as a BSAAG member and traditionally there is one credit union on the BSAAG.