Bank Secrecy Act Advisory Group; Solicitation of Application for Membership, 72764-72765 [2011-30312]

Download as PDF 72764 Federal Register / Vol. 76, No. 227 / Friday, November 25, 2011 / Notices You should direct all written comments to: Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0200, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–4448, or by electronic mail to regs.comments@occ.treas.gov. You can inspect and photocopy the comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 874–5043. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. Additionally, you should send a copy of your comments to: OCC Desk Officer, 1557–0200, by mail to U.S. Office of Management and Budget, 725 17th Street, NW., #10235, Washington, DC 20503, or by fax to (202) 395–6974. FOR FURTHER INFORMATION CONTACT: You can request additional information or a copy of the collection from Ira L. Mills, OCC Clearance Officer, (202) 874–6055, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval of the following information collection: Title: Release of Non-Public Information—12 CFR 4, Subpart C. OMB Number: 1557–0200. Form Number: None. Abstract: This submission covers an existing regulation and involves no change to the regulation or to the information collections embodied in the regulation. The OCC requests only that OMB renew its approval of the information collections in the current regulation. The information requirements require individuals who are requesting nonpublic OCC information to provide the OCC with information regarding the requester’s legal grounds for the request. The release of non-public OCC information to a requester who did not have sufficient legal grounds to obtain the information would inhibit open consultation between a bank and the OCC, thereby impairing the OCC’s supervisory and regulatory mission. The OCC is entitled, under statute and caselaw, to require requesters to demonstrate that they have sufficient legal grounds for the OCC to release wreier-aviles on DSK7SPTVN1PROD with NOTICES ADDRESSES: VerDate Mar<15>2010 14:31 Nov 23, 2011 Jkt 226001 non-public OCC information. The OCC needs to identify the requester’s legal grounds to determine if it should release the requested non-public OCC information. The information requirements in 12 CFR part 4, subpart C, are located as follows: • 12 CFR 4.33: Request for non-public OCC records or testimony. • 12 CFR 4.35(b)(3): Third parties requesting testimony. • 12 CFR 4.37(a)(2): OCC former employee notifying OCC of subpoena. • 12 CFR 4.37(a) and (b): Limitation on dissemination of released information. • 12 CFR 4.39(d): Request for authenticated records or certificate of nonexistence of records. The OCC uses the information to process requests for non-public OCC information and to determine if sufficient grounds exist for the OCC to release the requested information or provide testimony that would include a discussion of non-public information. This information collection facilitates the processing of requests and expedites the OCC’s release of non-public information and testimony to the requester, as appropriate. Type of Review: Extension, without change, of a currently approved collection. Affected Public: Businesses or other for-profit; individuals. Number of Respondents: 195. Total Annual Responses: 195. Frequency of Response: On occasion. Total Annual Burden: 592 hours. Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information has practical utility; (b) The accuracy of the agency’s estimate of the burden of the collection of information; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. PO 00000 Frm 00093 Fmt 4703 Sfmt 4703 Dated: November 17, 2011. Michele Meyer, Assistant Director, Legislative & Regulatory Activities Division. [FR Doc. 2011–30310 Filed 11–23–11; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Bank Secrecy Act Advisory Group; Solicitation of Application for Membership Financial Crimes Enforcement Network, Treasury. ACTION: Notice and request for nominations. AGENCY: FinCEN is inviting the public to nominate financial institutions 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 December 27, 2011. 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 emailed to: BSAAG@fincen.gov. FOR FURTHER INFORMATION CONTACT: Clare Murphy, Regulatory Outreach Specialist at (202) 354–6400. 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 with members subject to the requirements of the Bank Secrecy Act, 31 CFR 1000– 1099 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. BSAAG membership is open to financial institutions and trade groups. New members will be selected to serve a three-year term and must designate one individual to represent that member at plenary meetings. In compliance with Executive Order 13490 of January 21, 2009, and White House policy, member SUMMARY: E:\FR\FM\25NON1.SGM 25NON1 wreier-aviles on DSK7SPTVN1PROD with NOTICES Federal Register / Vol. 76, No. 227 / Friday, November 25, 2011 / Notices organizations may not designate a representative to participate in BSAAG plenary or subcommittee meetings who is currently registered as a lobbyist pursuant to 2 U.S.C. 1603(a). It is important to provide complete answers to the following items, as applications will be evaluated on the information provided through this application process. Applications should consist of: • Name of the organization requesting membership. • Point of contact, title, address, email address and phone number. • The BSAAG vacancy for which the organization is applying. • Description of the financial institution or trade group and its involvement with the Bank Secrecy Act, 31 CFR 1000–1099 et seq. • Reasons why the organization’s participation on the BSAAG will bring value to the group. 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 Governments (1 vacancy). • Self-Regulatory Organizations (1 vacancy). • Industry Trade Groups—Banking (2 vacancies). • Industry Trade Groups—Credit Unions (1 vacancy). • Industry Trade Groups—Insurance (1 vacancy). • Industry Trade Groups— International (1 vacancy). • Industry Trade Groups—Futures (1 vacancy). • Industry Trade Groups— Gatekeepers (1 vacancy). • Industry Trade Groups—Loan or Finance Companies (1 vacancy). • Industry Representatives— Insurance (1 vacancy). • Industry Representatives—Operator of Credit Card Systems (1 vacancy). • Industry Representatives—Money Services Businesses (1 vacancy). Organizations may nominate themselves, but applications for individuals who are not representing an organization for a vacancy noted above will not be considered. 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 the second Wednesday of May and October. 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 VerDate Mar<15>2010 14:31 Nov 23, 2011 Jkt 226001 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 selections. Dated: November 16, 2011. James H. Freis, Jr., Director, Financial Crimes Enforcement Network. [FR Doc. 2011–30312 Filed 11–23–11; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). The IRS is soliciting comments concerning information collection requirements related to election involving the repeal of the bonding requirement. DATES: Written comments should be received on or before January 24, 2012 to be assured of consideration. ADDRESSES: Direct all written comments to Yvette B. Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Joel Goldberger, (202) 927–9368, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at Joel.P.Goldberger@irs.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Title: Election Involving the Repeal of the Bonding Requirement under § 42(j)(6). OMB Number: 1545–2120. Revenue Procedure Number: 2008–60. Abstract: This revenue procedure affects taxpayers who are maintaining a surety bond or a Treasury Direct PO 00000 Frm 00094 Fmt 4703 Sfmt 4703 72765 Account (TDA) to satisfy the lowincome housing tax credit recapture exception in § 42(j)(6) of the Internal Revenue Code (the Code), as in effect on or before July 30, 2008. This revenue procedure provides the procedures for taxpayers to follow when making the election under section 3004(i)(2)(B)(ii) of the Housing Assistance Tax Act of 2008 (Pub. L. 110–289) (the Act) to no longer maintain a surety bond or a TDA to avoid recapture. Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Individuals and Households, Businesses and other forprofit organizations. Estimated Number of Respondents: 7810. Estimated Time Per Respondent: 1 hour Estimated Total Annual Burden Hours: 7810. The following paragraph applies to all of the collections of information covered by this notice: An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. E:\FR\FM\25NON1.SGM 25NON1

Agencies

[Federal Register Volume 76, Number 227 (Friday, November 25, 2011)]
[Notices]
[Pages 72764-72765]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-30312]


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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, Treasury.

ACTION: Notice and request for nominations.

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

SUMMARY: FinCEN is inviting the public to nominate financial 
institutions 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 December 27, 2011.

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 emailed to: BSAAG@fincen.gov.

FOR FURTHER INFORMATION CONTACT: Clare Murphy, Regulatory Outreach 
Specialist at (202) 354-6400.

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 with members subject to the requirements 
of the Bank Secrecy Act, 31 CFR 1000-1099 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. BSAAG membership is open to 
financial institutions and trade groups. New members will be selected 
to serve a three-year term and must designate one individual to 
represent that member at plenary meetings. In compliance with Executive 
Order 13490 of January 21, 2009, and White House policy, member

[[Page 72765]]

organizations may not designate a representative to participate in 
BSAAG plenary or subcommittee meetings who is currently registered as a 
lobbyist pursuant to 2 U.S.C. 1603(a).
    It is important to provide complete answers to the following items, 
as applications will be evaluated on the information provided through 
this application process. Applications should consist of:
     Name of the organization requesting membership.
     Point of contact, title, address, email address and phone 
number.
     The BSAAG vacancy for which the organization is applying.
     Description of the financial institution or trade group 
and its involvement with the Bank Secrecy Act, 31 CFR 1000-1099 et seq.
     Reasons why the organization's participation on the BSAAG 
will bring value to the group.
    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 Governments (1 vacancy).
     Self-Regulatory Organizations (1 vacancy).
     Industry Trade Groups--Banking (2 vacancies).
     Industry Trade Groups--Credit Unions (1 vacancy).
     Industry Trade Groups--Insurance (1 vacancy).
     Industry Trade Groups--International (1 vacancy).
     Industry Trade Groups--Futures (1 vacancy).
     Industry Trade Groups--Gatekeepers (1 vacancy).
     Industry Trade Groups--Loan or Finance Companies (1 
vacancy).
     Industry Representatives--Insurance (1 vacancy).
     Industry Representatives--Operator of Credit Card Systems 
(1 vacancy).
     Industry Representatives--Money Services Businesses (1 
vacancy).
    Organizations may nominate themselves, but applications for 
individuals who are not representing an organization for a vacancy 
noted above will not be considered. 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 the second Wednesday of May and October. 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 selections.

    Dated: November 16, 2011.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2011-30312 Filed 11-23-11; 8:45 am]
BILLING CODE 4810-02-P