; and (3) any policy recommendations that could facilitate and improve communication and coordination between the private sector, FinCEN, and Agencies through the implementation of innovative approaches, in order to meet their Bank Secrecy Act (as defined under section 5312 of title 31, United States Code) and anti-money laundering compliance obligations. (c) Bank Secrecy Act defined For purposes of this section, the term Bank Secrecy Act means— (1) subchapter II of chapter 53 of title 31, United States Code; (2) section 21 of the Federal Deposit Insurance Act; and (3) chapter 2 of title I of Public Law 91–508 .