Financial Crimes Enforcement Network; Bank Secrecy Act Advisory Group; Solicitation of Application for Membership, 71027-71028 [E6-20709]

Download as PDF Federal Register / Vol. 71, No. 235 / Thursday, December 7, 2006 / Notices By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–20655 Filed 12–6–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request December 1, 2006. The Department of the Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104–13. Copies of the submission(s) may be obtained by calling the Treasury Bureau Clearance Officer listed. Comments regarding this information collection should be addressed to the OMB reviewer listed and to the Treasury Department Clearance Officer, Department of the Treasury, Room 11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220. Dates: Written comments should be received on or before January 8, 2007 to be assured of consideration. sroberts on PROD1PC70 with NOTICES Internal Revenue Service (IRS) OMB Number: 1545–1550. Type of Review: Extension. Title: Notice 97–45, Highly Compensated Employee Definition. Description: This notice provides guidance on the definition of a highly compensated employee within the meaning of section 414(q) of the Internal Revenue Code as simplified by section 1431 of the Small Business Job Protection Act of 1996, including an employer’s option to make a top-paid group election under section 414(q)(1)(B)(ii). Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 65,605 hours. OMB Number: 1545–1849. Type of Review: Extension. Title: Employer/Payer Information. Form: 13460. Description: Form 13460 is used to assist filer’s who have under-reporter or correction issues. Also, this form expedites research of filer’s problems. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 50 hours. OMB Number: 1545–0002. Title: Employee Representative’s Quarterly Railroad Tax Return. VerDate Aug<31>2005 17:29 Dec 06, 2006 Jkt 211001 Type of Review: Extension. Form: CT–2. Description: Employee representatives file Form CT–2 quarterly to report compensation on which railroad retirement taxes are due. IRS uses this information to ensure that employee representatives have paid the correct tax. Form CT–2 also transmits the tax payment. Respondents: Individuals or households. Estimated Total Burden Hours: 127 hours OMB Number: 1545–1858. Title: Notice 2003–67, Notice on Information Reporting for Payments in Lieu of Dividends. Type of Review: Extension. Description: This notice provides guidance to brokers and individuals regarding provisions in the Jobs and Growth Tax Relief Reconciliation Act of 2003. The notice provides rules for brokers to use in determining loanable shares and rules for allocating transferred shares for purposes of determining payments in lieu of dividend reportable to individuals. These rules require brokers to comply with certain recordkeeping requirements to use the favorable rules for determining loanable shares and for allocating transferred shares that may give rise to payments in lieu of dividends. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 60,000 hours. OMB Number: 1545–0135. Title: Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback. Form: 1138. Type of Review: Extension. Description: Form 1138 is filed by corporations to request an extension of time to pay their income taxes, including estimated taxes. Corporations may only file for an extension when they expect a net operating loss carryback in the tax year and want to delay the payment of taxes from a prior tax year. Respondents: Businesses and other for-profit institutions. Estimated Total Burden Hours: 9,800 hours. OMB Number: 1545–1573. Title: REG–130477–00; REG–130481– 00 (Final), Required Distributions from Retirement Plans. Type of Review: Extension. Description: The regulation permits a taxpayer to name a trust as the beneficiary of the employee’s benefit under a retirement plan and use the life PO 00000 Frm 00082 Fmt 4703 Sfmt 4703 71027 expectancies of the beneficiaries of the trust to determine the required minimum distribution, if certain conditions are satisfied. Respondents: Individuals or households. Estimated Total Burden Hours: 333 hours. OMB Number: 1545–1694. Title: Revenue Ruling 2000–35 Automatic Enrollment in Section 403(b) Plans. Type of Review: Extension. Description: Revenue Ruling 2000–35 describes certain criteria that must be met before an employee’s compensation can be reduced and contributed to an employer’s section 403(b) plan in the absence of an affirmative election by the employee. Respondents: State, local or tribal governments. Estimated Total Burden Hours: 175 hours. Clearance Officer: Glenn P. Kirkland, (202) 622–3428, Internal Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, DC 20224. OMB Reviewer: Alexander T. Hunt, (202) 395–7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503. Robert Dahl, Treasury PRA Clearance Officer. [FR Doc. E6–20769 Filed 12–6–06; 8:45 am] BILLING CODE 4830–01–P 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. SUMMARY: FinCEN is inviting the public to nominate financial organizations and trade groups for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. DATES: Nominations must be received by January 8, 2007. ADDRESSES: Applications may be mailed (not sent by facsimile) to Regulatory Policy and Programs Division, Financial Crimes Enforcement Network, P.O. BOX 39, Vienna, VA 22183 or e-mailed to: BSAAG@fincen.gov. FOR FUTHER INFORMATION CONTACT: Yesenia Armijo, Regulatory Policy Specialist at 202–354–6400. E:\FR\FM\07DEN1.SGM 07DEN1 sroberts on PROD1PC70 with NOTICES 71028 Federal Register / Vol. 71, No. 235 / Thursday, December 7, 2006 / Notices SUPPLEMENTARY INFORMATION: The Annunzio-Wylie Anti-Money Laundering Act of 1992 required the Secretary of the Treasury to establish a Bank Secrecy Act Advisory Group (BSAAG) consisting of representatives from Federal regulatory and law enforcement agencies, financial institutions, and trade groups subject to the reporting requirements of the Bank Secrecy Act, 31 CFR 103 et seq. or Section 6050I of the Internal Revenue Code of 1986. The BSAAG is the means by which the Secretary receives advice on the operations of the Bank Secrecy Act. 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. Ultimately, the BSAAG will make policy recommendations to the Secretary on issues considered. New members will be selected to serve a three-year term. Applications should consist of: • Point of contact, title, address, email address, phone number • Description of the financial institution or trade group and its involvement with the Bank Secrecy Act, 31 C.F.R. 103 et seq. • Reasons why its participation on the BSAAG will bring value to the group Entities may nominate themselves. FinCEN is interested in bringing representatives from state regulatory agencies, state regulator trade groups, self-regulatory organizations, industry trade groups, and industry members together with federal law enforcement and federal regulatory agencies to help advise the Secretary of the Treasury on matters relating to the administration of the Bank Secrecy Act. Members must be able and willing to make the necessary time commitment to participate on subcommittees throughout the year by phone and attend biannual plenary meetings held in Washington DC in the spring and fall. Members will not be remunerated for their time, services, or travel. In making the selections, FinCEN will seek to complement current BSAAG members in terms of affiliation, industry, and geographic representation. The Director of FinCEN retains full discretion on all membership decisions. The Director may consider prior years’ applications when making selections and does not limit consideration to institutions nominated by the public when making its selection. Based on current BSAAG position openings we encourage applications from the following sectors or types of organizations with experience working on the Bank Secrecy Act: VerDate Aug<31>2005 17:29 Dec 06, 2006 Jkt 211001 • State Regulatory Agency (1 vacancy) • State Regulator Trade Group (1 vacancy) • Industry Trade Group—Banking Sector (1 vacancy) • Industry Trade Group—Casino (1 vacancy) • Industry Trade Group—Precious Metals, Stones, and Jewels (1 vacancy) 1 • Industry Trade Group—Money Services Business Sector (1 vacancy) • Industry Representatives Banking (2 vacancies) • Industry Representatives Securities/ Futures (2 vacancies) 2 • Industry Representatives Money Services Business (1 vacancy) BSAAG members whose terms end as of February 28, 2007 3, are: State Regulatory Agency • New York State Banking Department State Regulator Trade Group • California Bankers Association. Industry Trade Group—Banking Sector • Independent Community Bankers Association Industry Trade Group—Casino • American Gaming Association. Industry Trade Group—Money Services Business Sector • Financial Service Center of America Industry Representatives Banking • Branch Bank & Trust • Pentagon Federal Credit Union Industry Representatives Securities/ Futures • Morgan Stanley Industry Representatives Money Services Business • American Express Dated: November 30, 2006. Robert W. Werner, Director, Financial Crimes Enforcement Network. [FR Doc. E6–20709 Filed 12–6–06; 8:45 am] BILLING CODE 4810–02–P 1 This is a newly created position in light of the decision adopted at the May 2006 BSAAG Plenary. 2 An additional position was created in light of the decision adopted at the May 2006 BSAAG Plenary. 3 State regulatory agencies, state regulator trade groups, self-regulatory organizations, and industry trade groups can serve renewable three-year terms at the discretion of the Director of FinCEN. Industry members may not serve consecutive terms but may serve multiple terms. PO 00000 Frm 00083 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Office of Foreign Assets Control Unblocking of Specially Designated Narcotics Traffickers Pursuant to Executive Order 12978 AGENCY: Office of Foreign Assets Control, Treasury. ACTION: Notice. SUMMARY: The Treasury Department’s Office of Foreign Assets Control (‘‘OFAC’’) is publishing the names of three individuals whose property and interests in property have been unblocked pursuant to Executive Order 12978 of October 21, 1995, Blocking Assets and Prohibiting Transactions With Significant Narcotics Traffickers. DATES: The unblocking and removal from the list of Specially Designated Narcotics Traffickers of the individuals identified in this notice whose property and interests in property were blocked pursuant to Executive Order 12978 of October 21, 1995, occurred on November 28, 2006. FOR FURTHER INFORMATION CONTACT: Jennifer Houghton, Assistant Director, Designation Investigations, Office of Foreign Assets Control, Department of the Treasury, Washington, DC 20220, tel.: 202/622–2420. SUPPLEMENTARY INFORMATION: Electronic and Facsimile Availability This document and additional information concerning OFAC are available on OFAC’s Web site (https:// www.treas.gov/ofac) or via facsimile through a 24-hour fax-on demand service, tel.: (202) 622–0077. Background On October 21, 1995, the President issued Executive Order 12978 (the ‘‘Order’’) pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701–1706), the National Emergencies Act (50 U.S.C. 1601 et seq.), and section 301 of title 3, United States Code. In the Order, the President declared a national emergency to address actions of significant foreign narcotics traffickers centered in Colombia, and the unparalleled violence, corruption, and harm that they cause in the United States and abroad. The Order imposes economic sanctions on foreign persons who are determined to play a significant role in international narcotics trafficking centered in Colombia; or materially to assist in, or provide financial or technological support for or goods or services in support of, the narcotics trafficking activities of persons E:\FR\FM\07DEN1.SGM 07DEN1

Agencies

[Federal Register Volume 71, Number 235 (Thursday, December 7, 2006)]
[Notices]
[Pages 71027-71028]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-20709]


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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.

-----------------------------------------------------------------------

SUMMARY: FinCEN is inviting the public to nominate financial 
organizations and trade groups for membership on the Bank Secrecy Act 
Advisory Group. New members will be selected for three-year membership 
terms.

DATES: Nominations must be received by January 8, 2007.

ADDRESSES: Applications may be mailed (not sent by facsimile) to 
Regulatory Policy and Programs Division, Financial Crimes Enforcement 
Network, P.O. BOX 39, Vienna, VA 22183 or e-mailed to: 
BSAAG@fincen.gov.

FOR FUTHER INFORMATION CONTACT: Yesenia Armijo, Regulatory Policy 
Specialist at 202-354-6400.

[[Page 71028]]


SUPPLEMENTARY INFORMATION: The Annunzio-Wylie Anti-Money Laundering Act 
of 1992 required the Secretary of the Treasury to establish a Bank 
Secrecy Act Advisory Group (BSAAG) consisting of representatives from 
Federal regulatory and law enforcement agencies, financial 
institutions, and trade groups subject to the reporting requirements of 
the Bank Secrecy Act, 31 CFR 103 et seq. or Section 6050I of the 
Internal Revenue Code of 1986. The BSAAG is the means by which the 
Secretary receives advice on the operations of the Bank Secrecy Act. 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. Ultimately, the BSAAG will make policy recommendations 
to the Secretary on issues considered.
    New members will be selected to serve a three-year term. 
Applications should consist of:
     Point of contact, title, address, e-mail address, phone 
number
     Description of the financial institution or trade group 
and its involvement with the Bank Secrecy Act, 31 C.F.R. 103 et seq.
     Reasons why its participation on the BSAAG will bring 
value to the group Entities may nominate themselves.
    FinCEN is interested in bringing representatives from state 
regulatory agencies, state regulator trade groups, self-regulatory 
organizations, industry trade groups, and industry members together 
with federal law enforcement and federal regulatory agencies to help 
advise the Secretary of the Treasury on matters relating to the 
administration of the Bank Secrecy Act. Members must be able and 
willing to make the necessary time commitment to participate on sub-
committees throughout the year by phone and attend biannual plenary 
meetings held in Washington DC in the spring and fall. Members will not 
be remunerated for their time, services, or travel.
    In making the selections, FinCEN will seek to complement current 
BSAAG members in terms of affiliation, industry, and geographic 
representation. The Director of FinCEN retains full discretion on all 
membership decisions. The Director may consider prior years' 
applications when making selections and does not limit consideration to 
institutions nominated by the public when making its selection.
    Based on current BSAAG position openings we encourage applications 
from the following sectors or types of organizations with experience 
working on the Bank Secrecy Act:
     State Regulatory Agency (1 vacancy)
     State Regulator Trade Group (1 vacancy)
     Industry Trade Group--Banking Sector (1 vacancy)
     Industry Trade Group--Casino (1 vacancy)
     Industry Trade Group--Precious Metals, Stones, and Jewels 
(1 vacancy) \1\
     Industry Trade Group--Money Services Business Sector (1 
vacancy)
     Industry Representatives Banking (2 vacancies)
     Industry Representatives Securities/ Futures (2 vacancies) 
\2\
     Industry Representatives Money Services Business (1 
vacancy)
    BSAAG members whose terms end as of February 28, 2007 \3\, are:

State Regulatory Agency

     New York State Banking Department

State Regulator Trade Group

     California Bankers Association.

Industry Trade Group--Banking Sector

     Independent Community Bankers Association

Industry Trade Group--Casino

     American Gaming Association.

Industry Trade Group--Money Services Business Sector

     Financial Service Center of America

Industry Representatives Banking

     Branch Bank & Trust
     Pentagon Federal Credit Union

Industry Representatives Securities/ Futures

     Morgan Stanley

Industry Representatives Money Services Business

     American Express

    Dated: November 30, 2006.
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
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    \1\ This is a newly created position in light of the decision 
adopted at the May 2006 BSAAG Plenary.
    \2\ An additional position was created in light of the decision 
adopted at the May 2006 BSAAG Plenary.
    \3\ State regulatory agencies, state regulator trade groups, 
self-regulatory organizations, and industry trade groups can serve 
renewable three-year terms at the discretion of the Director of 
FinCEN. Industry members may not serve consecutive terms but may 
serve multiple terms.
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 [FR Doc. E6-20709 Filed 12-6-06; 8:45 am]
BILLING CODE 4810-02-P
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