Financial Crimes Enforcement Network; Withdrawal of the Proposed Rule Against PJSC Trustbank, Formerly Known as Infobank, 74043 [2014-29339]

Download as PDF Federal Register / Vol. 79, No. 240 / Monday, December 15, 2014 / Proposed Rules Section 106, describes the authority for the FAA Administrator. Subtitle VII, Aviation Programs, describes in more detail the scope of the agency’s authority. This rulemaking is promulgated under the authority described in Subtitle VII, Part A, Subpart I, Section 40103. Under that section, the FAA is charged with prescribing regulations to assign the use of the airspace necessary to ensure the safety of aircraft and the efficient use of airspace. This regulation is within the scope of that authority as it would establish controlled airspace at the Hazen VORTAC, Hazen, NV. This proposal will be subject to an environmental analysis in accordance with FAA Order 1050.1E, ‘‘Environmental Impacts: Policies and Procedures’’ prior to any FAA final regulatory action. List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (air). Issued in Seattle, Washington, on December 8, 2014. Clark Desing, Manager, Operations Support Group, Western Service Center. [FR Doc. 2014–29270 Filed 12–12–14; 8:45 am] 74043 certain ‘‘special measures’’ against the primary money laundering concern. II. The Finding, Notice of Proposed Rulemaking, and Subsequent Developments BILLING CODE 4910–13–P A. The Notice of Finding and Notice of Proposed Rulemaking DEPARTMENT OF THE TREASURY Based upon review and analysis of relevant information, consultations with relevant Federal agencies and departments, and after consideration of the factors enumerated in section 311, the Director of FinCEN found that reasonable grounds existed for concluding that Trustbank was a financial institution of primary money laundering concern. FinCEN published a proposed rule proposing the imposition of the fifth special measure on August 24, 2004, pursuant to the authority under 31 U.S.C. 5318A.1 Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506—AA67 Financial Crimes Enforcement Network; Withdrawal of the Proposed Rule Against PJSC Trustbank, Formerly Known as Infobank Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Withdrawal of the proposed rulemaking. AGENCY: B. Subsequent Developments 1. The authority citation for 14 CFR Part 71 continues to read as follows: This document withdraws FinCEN’s August 24, 2004 proposed rule proposing imposition of the fifth special measure against PJSC Trustbank, formerly known as Infobank (‘‘Trustbank’’), as a financial institution of primary money laundering concern, pursuant to the authority contained in the Bank Secrecy Act. DATES: As of December 15, 2014, the proposed rule published August 24, 2004, at 69 FR 51973, is withdrawn. FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at (800) 767– 2825. Since FinCEN’s notice of proposed rulemaking, material facts regarding the circumstances of the proposed rulemaking and the basis of the finding of primary money laundering concern have changed. Based on the totality of the current circumstances and available facts, FinCEN concludes that it is no longer appropriate to maintain its finding that Trustbank represents a primary money laundering concern, and FinCEN will therefore not proceed with the rule proposed on August 24, 2004. Authority: 49 U.S.C. 106(g), 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959– 1963 Comp., p. 389. SUPPLEMENTARY INFORMATION: I. Background For the reasons set forth above, FinCEN hereby withdraws the August 24, 2004 proposed rule proposing the imposition of the fifth special measure authorized by 31 U.S.C. 5318A(B)(5) regarding Trustbank. The Proposed Amendment Accordingly, pursuant to the authority delegated to me, the Federal Aviation Administration proposes to amend 14 CFR Part 71 as follows: PART 71—DESIGNATION OF CLASS A, B, C, D AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS ■ § 71.1 [Amended] 2. The incorporation by reference in 14 CFR 71.1 of the Federal Aviation Administration Order 7400.9Y, Airspace Designations and Reporting Points, dated August 6, 2014, and effective September 15, 2014 is amended as follows: ■ En Route Domestic * tkelley on DSK3SPTVN1PROD with PROPOSALS Paragraph 6006 Airspace Areas. * * * * AWP NV E6 Hazen, NV [New] Hazen VORTAC, NV (Lat. 39°30′59″ N., long. 118°59′52″ W.) That airspace extending upward from 1,200 feet above the surface within an area bounded by a line beginning at lat. 40°05′00″ N., long. 120°00′00″ W.; to lat. 40°27′51″ N., long. 119°37′10″ W.; to lat. 40°04′38″ N., long. 118°49′42″ W.; to lat. 39°39′28″ N., long. 117°59′55″ W.; to lat. 39°41′00″ N., long. 119°00′00″ W.; thence to the point of beginning. VerDate Sep<11>2014 19:17 Dec 12, 2014 Jkt 235001 SUMMARY: The Bank Secrecy Act (‘‘BSA’’), codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, and 31 U.S.C. 5311–5314 and 5316–5332, promotes the prevention, detection, and prosecution of money laundering, tax evasion, the financing of terrorism, and other financial crimes. Regulations implementing the BSA appear at 31 CFR Chapter X. The authority of the Secretary of the Treasury (‘‘the Secretary’’) to administer the BSA and its implementing regulations has been delegated to the Director of FinCEN. Section 5318A of the BSA grants the Secretary authority, upon finding that reasonable grounds exist for concluding that a foreign jurisdiction, foreign financial institution, class of international transactions, or type of account is of ‘‘primary money laundering concern,’’ to require domestic financial institutions and domestic financial agencies to take PO 00000 Frm 00012 Fmt 4702 Sfmt 9990 III. Withdrawal of the Proposed Rule Dated: December 8, 2014. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network. [FR Doc. 2014–29339 Filed 12–12–14; 8:45 am] BILLING CODE 4810–02–P 1 See 69 FR 51973 (Aug. 24, 2004) (RIN 1506– AA67). E:\FR\FM\15DEP1.SGM 15DEP1

Agencies

[Federal Register Volume 79, Number 240 (Monday, December 15, 2014)]
[Proposed Rules]
[Page 74043]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-29339]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network

31 CFR Part 1010

RIN 1506--AA67


Financial Crimes Enforcement Network; Withdrawal of the Proposed 
Rule Against PJSC Trustbank, Formerly Known as Infobank

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Withdrawal of the proposed rulemaking.

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SUMMARY: This document withdraws FinCEN's August 24, 2004 proposed rule 
proposing imposition of the fifth special measure against PJSC 
Trustbank, formerly known as Infobank (``Trustbank''), as a financial 
institution of primary money laundering concern, pursuant to the 
authority contained in the Bank Secrecy Act.

DATES: As of December 15, 2014, the proposed rule published August 24, 
2004, at 69 FR 51973, is withdrawn.

FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at (800) 
767-2825.

SUPPLEMENTARY INFORMATION:

I. Background

    The Bank Secrecy Act (``BSA''), codified at 12 U.S.C. 1829b, 12 
U.S.C. 1951-1959, and 31 U.S.C. 5311-5314 and 5316-5332, promotes the 
prevention, detection, and prosecution of money laundering, tax 
evasion, the financing of terrorism, and other financial crimes. 
Regulations implementing the BSA appear at 31 CFR Chapter X. The 
authority of the Secretary of the Treasury (``the Secretary'') to 
administer the BSA and its implementing regulations has been delegated 
to the Director of FinCEN.
    Section 5318A of the BSA grants the Secretary authority, upon 
finding that reasonable grounds exist for concluding that a foreign 
jurisdiction, foreign financial institution, class of international 
transactions, or type of account is of ``primary money laundering 
concern,'' to require domestic financial institutions and domestic 
financial agencies to take certain ``special measures'' against the 
primary money laundering concern.

II. The Finding, Notice of Proposed Rulemaking, and Subsequent 
Developments

A. The Notice of Finding and Notice of Proposed Rulemaking

    Based upon review and analysis of relevant information, 
consultations with relevant Federal agencies and departments, and after 
consideration of the factors enumerated in section 311, the Director of 
FinCEN found that reasonable grounds existed for concluding that 
Trustbank was a financial institution of primary money laundering 
concern. FinCEN published a proposed rule proposing the imposition of 
the fifth special measure on August 24, 2004, pursuant to the authority 
under 31 U.S.C. 5318A.\1\
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    \1\ See 69 FR 51973 (Aug. 24, 2004) (RIN 1506-AA67).
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B. Subsequent Developments

    Since FinCEN's notice of proposed rulemaking, material facts 
regarding the circumstances of the proposed rulemaking and the basis of 
the finding of primary money laundering concern have changed. Based on 
the totality of the current circumstances and available facts, FinCEN 
concludes that it is no longer appropriate to maintain its finding that 
Trustbank represents a primary money laundering concern, and FinCEN 
will therefore not proceed with the rule proposed on August 24, 2004.

III. Withdrawal of the Proposed Rule

    For the reasons set forth above, FinCEN hereby withdraws the August 
24, 2004 proposed rule proposing the imposition of the fifth special 
measure authorized by 31 U.S.C. 5318A(B)(5) regarding Trustbank.

    Dated: December 8, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2014-29339 Filed 12-12-14; 8:45 am]
BILLING CODE 4810-02-P

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