Notice2026-03707
Bank Secrecy Act Advisory Group; Solicitation of Application for Membership
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
February 25, 2026
Issuing agencies
Treasury DepartmentFinancial Crimes Enforcement Network
Abstract
FinCEN is inviting the public to nominate financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership in the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms.
Full Text
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<title>Federal Register, Volume 91 Issue 37 (Wednesday, February 25, 2026)</title>
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[Federal Register Volume 91, Number 37 (Wednesday, February 25, 2026)]
[Notices]
[Pages 9333-9334]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-03707]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Bank Secrecy Act Advisory Group; Solicitation of Application for
Membership
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury.
ACTION: Notice and request for nominations.
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SUMMARY: FinCEN is inviting the public to nominate financial
institutions, trade groups, and non-federal regulators or law
enforcement agencies for membership in the Bank Secrecy Act Advisory
Group. New members will be selected for three-year membership terms.
DATES: Nominations must be received by March 27, 2026.
ADDRESSES: Nominations must be emailed to <a href="/cdn-cgi/l/email-protection#32706173737572545b5c51575c1c555d44"><span class="__cf_email__" data-cfemail="03415042424443656a6d60666d2d646c75">[email protected]</span></a>.
FOR FURTHER INFORMATION CONTACT: FinCEN Regulatory Support Section at
<a href="http://www.fincen.gov/contact">www.fincen.gov/contact</a>.
SUPPLEMENTARY INFORMATION: Section 1564 of the Annunzio-Wylie Anti-
Money Laundering (AML) Act of 1992 required the Secretary of the
Treasury (Secretary) to establish a Bank Secrecy Act Advisory Group
(BSAAG) consisting of representatives from federal agencies and other
eligible interested persons and financial institutions subject to the
regulatory requirements of the Bank Secrecy Act, found at 31 CFR
chapter X. The BSAAG is the means by which the Secretary receives
advice on the reporting requirements of the Bank Secrecy Act (BSA) and
informs private sector representatives on how the information they
provide is used. 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.
BSAAG membership is open to financial institutions subject to the
BSA, trade groups that represent financial institutions subject to the
BSA, and federal and non-federal regulators, including self-regulatory
organizations (SROs), and law enforcement agencies that are located
within the United States. Treasury is particularly interested in
hearing the views of community banks and smaller financial institutions
as part of the BSAAG, and such institutions and relevant trade groups
are encouraged to apply for BSAAG membership.
To be eligible for BSAAG membership, regulators or SROs must
examine for BSA compliance. Because they are not directly subject to
BSA requirements, entities that solely provide software products or
services or consulting services for financial institutions are not
independently eligible for BSAAG membership.
FinCEN is also particularly interested in receiving nominations for
eligible entities (as described above) that can share insights on
Treasury's efforts to modernize the BSA framework and implement the
Guiding and Establishing National Innovation for U.S. Stablecoins Act
(GENIUS Act). The GENIUS Act, enacted on July 18, 2025, provides a
comprehensive framework for the federal regulation of payment
stablecoins, including provisions related to prevention money
laundering and other forms of illicit activity. The GENIUS Act also
tasks Treasury with considering how innovative tools, techniques, and
strategies--including artificial intelligence, digital identity
verification, blockchain technology and monitoring, and application
program interfaces--can support efforts to detect illicit activity
involving digital assets.
We also welcome nominations from other eligible entities that can
actively share their perspectives on a variety of BSA requirements,
including sharing perspectives and proposals for innovation across BSA
forms and requirements. Additionally, we encourage nominations from
entities that can share their innovative approaches on how to
proactively identify and stop fraudulent activity.
Each member selected will serve a three-year term and must
designate one individual to represent that member at plenary meetings.
While BSAAG membership is granted to organizations, not to individuals,
the designated representative for each selected organization should be
knowledgeable about BSA requirements and be willing and able to devote
the necessary time and effort on behalf of the representative's
organization. Members are expected to actively share anecdotal
perspectives, quantifiable insights on BSA requirements, and industry
trends in BSAAG discussions. The organization's representative must be
able to attend biannual plenary meetings, generally held in Washington,
DC, over one or two days. Additional BSAAG meetings may be held by
phone, videoconference, or in person, and the organization's
representative is expected to actively engage in the BSAAG's work
through participation in meetings of various BSAAG Subcommittees and/or
working groups. Members will not be paid for their time, services, or
travel.
Nominations for individuals who are not representing an
organization will not be considered, but organizations may nominate
themselves. Organizations should only submit nominations on behalf of
their own organization and not on behalf of another organization.
Please provide complete answers to the following items, as nominations
will be evaluated based on the information provided in response to this
notice and request for nominations. There is no required format;
interested organizations must submit their nominations electronically
(e.g., email or email attachment). Nominations should include the
following information:
<bullet> Name of the organization requesting membership;
<bullet> Point of contact, title, address, email address, and phone
number;
<bullet> Description of the financial institution, trade group,
regulator, SROs, or law enforcement agency involvement with the BSA;
<bullet> Reasons why the organization's participation on the BSAAG
will bring value to the group;
<bullet> Description of how the organization can contribute subject
matter expertise to topics such as (but not limited to) BSA
modernization, GENIUS Act implementation, general innovation across BSA
forms and requirements, improving the examination process, the
identification and prevention of fraud, and/or the use of innovative
products or techniques, such as artificial intelligence (AI), digital
identity verification, data sharing or blockchain
[[Page 9334]]
monitoring, to enhance reporting, monitoring, or other internal
controls that mitigate illicit finance risks; and
<bullet> Trade groups must submit a full list of their members
along with their nomination. Trade groups must also confirm that, if
selected, they will only share BSAAG information with their members
that are located within the United States.
In making the selections, FinCEN will seek to complement current
BSAAG members and obtain broad representation in terms of affiliation,
industry, and geographic representation. The Director retains full
discretion on all membership decisions. The Director may consider prior
years' applications when making selections and will not limit
consideration to entities nominated by the public when making
selections. FinCEN may publish categorical information about the
organization types selected to participate in BSAAG and may disclose
specific entity names to appropriate congressional committees upon
request.
Andrea M. Gacki,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2026-03707 Filed 2-24-26; 8:45 am]
BILLING CODE 4810-02-P
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