FinCEN Calls for Bank Secrecy Act Advisory Group Applicants
Published Date: 2/25/2026
Notice
Summary
FinCEN is looking for new members to join the Bank Secrecy Act Advisory Group, which helps shape rules to stop financial crimes. If you work at a bank, trade group, regulator, or law enforcement agency in the U.S., you can apply by March 27, 2026, for a three-year term. This is a great chance for especially community banks and smaller institutions to have their voices heard—no cost to join, just your ideas!
Analyzed Economic Effects
8 provisions identified: 3 benefits, 5 costs, 0 mixed.
Membership Time Commitment and No Pay
Each selected organization serves a three-year term and must designate one representative who can attend biannual plenary meetings (generally in Washington, DC) and participate in subcommittees. Members will not be paid for time, services, or travel, so organizations must cover any costs and staff time.
Open Call to Join BSA Advisory Group
FinCEN is inviting U.S. financial institutions, trade groups, and federal or non-federal regulators and law enforcement agencies to apply for membership on the Bank Secrecy Act Advisory Group. You (organizations, not individuals) must submit nominations by March 27, 2026, by email to [email protected].
Community Banks Encouraged to Apply
FinCEN specifically encourages community banks and smaller financial institutions, and relevant trade groups, to apply for BSAAG membership so their views can be included in rule discussions. This is an explicit outreach to smaller institutions to participate in three-year terms.
Software/Consultants Not Eligible
Entities that only provide software products, services, or consulting to financial institutions are not independently eligible for BSAAG membership because they are not directly subject to BSA requirements. If you are a vendor or consultant, you cannot join as an independent member.
Organization-Only Nominations Allowed
FinCEN will only consider nominations from organizations; nominations for individuals not representing an organization will not be considered. Organizations should nominate themselves and should not nominate other organizations.
Focus on GENIUS Act and Innovation Expertise
FinCEN is particularly interested in nominations from entities that can share insights on modernizing the BSA framework and implementing the GENIUS Act (enacted July 18, 2025), including use of AI, digital identity verification, blockchain monitoring, and APIs to detect illicit activity involving digital assets. Entities with this expertise are encouraged to apply.
Trade Group Documentation and U.S.-Only Sharing Rule
Trade groups that apply must submit a full list of their members and confirm that, if selected, they will only share BSAAG information with members located within the United States. This adds documentation and sharing restrictions for trade associations.
Possible Public Disclosure of Selected Members
FinCEN may publish categorical information about the types of organizations selected and may disclose specific entity names to appropriate congressional committees upon request. If you apply, your organization's inclusion could be publicly disclosed in these ways.
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Key Dates
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