Bank Secrecy Act Committee

Any ABA member with an interest in the Bank Secrecy Act/money laundering issues may be a member of ABA's Bank Secrecy Act Committee, previously called the Money Laundering Issues Group (MLIG). The group offers a forum for BSA officers and those who work in AML/CFT compliance operations and policy to stay abreast of recent developments, discuss changes and updates to, and challenges with existing and emerging statutory and regulatory requirements and guidance, and advocate for changes to protect the U.S. financial system from illicit finance risk. We also discuss recent enforcement actions involving money laundering and terrorist financing.

Meeting agendas are suggested by members and staff from the Policy group. The call agenda and a reminder are sent shortly before each call and recommendations from ABA members for agenda items are strongly encouraged. Participation on the calls also provides interested members with opportunities to support comment letter preparation and other advocacy efforts or identify issues to be raised to the attention of regulatory authorities.

Calls are held twice a month. The first combined call is on the third Tuesdays of the month at 2:30 pm ET and the second combined call is on the fourth Tuesdays of the month at 2:30 pm ET.

ABA Antitrust Policy Reminder: t is the policy of the American Bankers Association to comply fully with all antitrust laws. Certain discussions should be considered off-limits, including those that go to pricing or controlling markets. Care should be exercised by both ABA staff and bankers, as antitrust liability is often established through circumstantial evidence. Please be conscious of the ABA antitrust policy and assist us in maintaining good corporate governance practices.

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