InfoSight Spotlight: FinCEN seeking nominations for BSAAG

FinCEN has published a notice [83 FR 67487] inviting the public to nominate financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. The BSAAG is the means by which the treasury receives advice on the […]

FinCEN has published a notice [83 FR 67487] inviting the public to nominate financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms.

The BSAAG is the means by which the treasury receives advice on the operations of the Bank Secrecy Act. As chair of the BSAAG, the director of FinCEN is responsible for ensuring that relevant issues are placed before the BSAAG for review, analysis, and discussion. Nominations must be received by Jan. 28, 2019.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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