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Monday, October 12, 2009

Fowler White Burnett's John Friedhoff Selected to Attend Bank Secrecy Act Advisory Group (BSAAG) Plenary Meeting

Fowler White Burnett today announced that shareholder John Friedhoff has been selected to attend the Bank Secrecy Act Advisory Group’s  (BSAAG) plenary meeting which will take place on October 13 in Washington D.C.  Friedhoff is one of 54 select members of the prestigious group.

The BSAAG was created by the Secretary of the Treasury in 1992 and consists of representatives from Federal regulatory and law enforcement agencies, financial institutions, and trade groups in order to actively solicit advice on the administration of the BSA. The BSAAG has served as a forum for industry, regulators, and law enforcement to communicate about how suspicious activity reports (SARs), currency transaction reports (CTRs), and other BSA reports are used by law enforcement and how the record keeping and reporting requirements can be improved to enhance their utility while minimizing costs to financial institutions.

“The BSAAG is a vital advisory council and plays a critical role in ensuring a cohesive relationship between the BSA and our country’s financial institutions,” said Friedhoff.  “I am proud to have the opportunity to offer my input and look forward to helping the financial industry grow and prosper, while staying within the limits of these important laws.”

Friedhoff works in the firm’s Miami office and specializes in business law with experience in the drafting of international contracts for U.S. outbound investors.  He has more than 15 years of experience handling a broad range of matters including mergers and acquisitions, joint ventures, distribution of products and services abroad, foreign agency agreements, registration and licensing of intellectual property, foreign investment matters and the establishment of offshore banks and corporations.

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