Financial Crimes Enforcement Network; Withdrawal of Notice of Proposed Rulemaking Regarding JSC CredexBank, 14408-14409 [2016-04413]

Download as PDF 14408 Federal Register / Vol. 81, No. 52 / Thursday, March 17, 2016 / Proposed Rules (l) Later-Approved Parts Installation of an ELAC version (part number) approved after the effective date of this AD is an approved method of compliance with the requirements of paragraphs (i) and (j) of this AD, provided the requirements specified in paragraphs (l)(1) and (l)(2) of this AD are met. (1) The version (part number) must be approved by the Manager, International Branch, ANM–116, Transport Airplane Directorate, FAA; or the European Aviation Safety Agency (EASA); or Airbus’s EASA Design Organization Approval (DOA). (2) The installation must be done using a method approved by the Manager, International Branch, ANM–116, Transport Airplane Directorate, FAA; or the EASA; or Airbus’s EASA DOA. asabaliauskas on DSK3SPTVN1PROD with PROPOSALS (m) Parts Installation Limitation As of the applicable time specified in paragraph (m)(1) or (m)(2) of this AD, do not install on any airplane an ELAC unit having a part number identified in table 2 to paragraph (k) of this AD, except as specified in paragraph (m)(3) of this AD. (1) For an airplane that, as of the effective date of this AD, has any ELAC unit installed having a part number identified in table 2 to paragraph (k) of this AD: After modification of that airplane as required by paragraph (i) of this AD, or as specified in paragraph (j) of this AD. (2) For an airplane that, as of the effective date of this AD, does not have any ELAC unit installed having a part number identified in table 2 to paragraph (k) of this AD: As of the effective date of this AD. (3) As of the effective date of this AD, a data-loadable ELAC B unit having a part number identified in table 2 to paragraph (k) of this AD can be installed on an airplane provided that L97+ software P/N 3945129109 is uploaded at the applicable time specified in paragraph (m)(3)(i) or (m)(3)(ii) of this AD. (i) For all airplanes except those identified in paragraph (m)(3)(ii) of this AD: Before further flight after the ELAC B unit installation. (ii) For airplanes that have not been modified as required by paragraph (i) of this AD: Within the applicable compliance time specified in table 1 to paragraph (i) of this AD. (n) Other FAA AD Provisions The following provisions also apply to this AD: (1) Alternative Methods of Compliance (AMOCs): The Manager, International Branch, ANM–116, Transport Airplane Directorate FAA, has the authority to approve AMOCs for this AD, if requested using the procedures found in 14 CFR 39.19. In accordance with 14 CFR 39.19, send your request to your principal inspector or local Flight Standards District Office, as appropriate. If sending information directly to the International Branch send it to ATTN: Sanjay Ralhan, Aerospace Engineer, International Branch, ANM–116, Transport Airplane Directorate, FAA, 1601 Lind Avenue SW., Renton, WA 98057–3356; telephone 425–227–1405; fax 425–227–1149. Information may be emailed to: 9-ANM-116AMOC-REQUESTS@faa.gov. VerDate Sep<11>2014 16:06 Mar 16, 2016 Jkt 238001 (i) Before using any approved AMOC, notify your appropriate principal inspector, or lacking a principal inspector, the manager of the local flight standards district office/ certificate holding district office. The AMOC approval letter must specifically reference this AD. (ii) AMOCs approved previously for AD 2003–25–07, Amendment 39–13390 (68 FR 70431, December 18, 2003), are approved as AMOCs for the corresponding provisions of paragraph (g) of this AD. (iii) AMOCs approved previously for AD 2005–13–39, Amendment 39–14176 (70 FR 38580, July 5, 2005), are approved as AMOCs for the corresponding provisions of paragraph (h) of this AD. (2) Contacting the Manufacturer: As of the effective date of this AD, for any requirement in this AD to obtain corrective actions from a manufacturer, the action must be accomplished using a method approved by the Manager, International Branch, ANM– 116, Transport Airplane Directorate, FAA; or the EASA; or Airbus’s EASA DOA. If approved by the DOA, the approval must include the DOA-authorized signature. (3) Required for Compliance (RC): If any service information contains procedures or tests that are identified as RC, those procedures and tests must be done to comply with this AD; any procedures or tests that are not identified as RC are recommended. Those procedures and tests that are not identified as RC may be deviated from using accepted methods in accordance with the operator’s maintenance or inspection program without obtaining approval of an AMOC, provided the procedures and tests identified as RC can be done and the airplane can be put back in an airworthy condition. Any substitutions or changes to procedures or tests identified as RC require approval of an AMOC. (o) Related Information (1) Refer to Mandatory Continuing Airworthiness Information (MCAI) EASA Airworthiness Directive 2015–0088R1, dated June 2, 2015, for related information. This MCAI may be found in the AD docket on the Internet at https://www.regulations.gov by searching for and locating Docket No. FAA– 2016–4226. (2) For service information identified in this AD, contact Airbus, Airworthiness Office—EIAS, 1 Rond Point Maurice Bellonte, 31707 Blagnac Cedex, France; telephone +33 5 61 93 36 96; fax +33 5 61 93 44 51; email account.airworth-eas@ airbus.com; Internet https://www.airbus.com. You may view this service information at the FAA, Transport Airplane Directorate, 1601 Lind Avenue SW., Renton, WA. For information on the availability of this material at the FAA, call 425–227–1221. Issued in Renton, Washington, on March 9, 2016. Michael Kaszycki, Acting Manager, Transport Airplane Directorate, Aircraft Certification Service. [FR Doc. 2016–05830 Filed 3–16–16; 8:45 am] BILLING CODE 4910–13–P PO 00000 Frm 00007 Fmt 4702 Sfmt 4702 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network 31 CFR Part 1010 RIN 1506–AB19 Financial Crimes Enforcement Network; Withdrawal of Notice of Proposed Rulemaking Regarding JSC CredexBank Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Proposed rule; withdrawal. AGENCY: This document withdraws FinCEN’s proposed rulemaking to impose the first and fifth special measure regarding JSC CredexBank (‘‘Credex’’), renamed JSC InterPayBank (‘‘InterPay’’), as a financial institution of primary money laundering concern, pursuant to Section 311 of the USA PATRIOT Act (‘‘Section 311’’). Because of material subsequent developments that have mitigated the money laundering risks associated with Credex, FinCEN has determined that Credex is no longer a primary money laundering concern that warrants the implementation of a special measure under Section 311. Elsewhere in this issue of the Federal Register, FinCEN is publishing a withdrawal of the related finding regarding Credex. DATES: As of March 17, 2016 the proposed rule published May 30, 2012, at 77 FR 31794, is withdrawn. FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at (800) 767– 2825. SUPPLEMENTARY INFORMATION: SUMMARY: I. Background On October 26, 2001, the President signed into law the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107–56 (the ‘‘USA PATRIOT Act’’). Title III of the USA PATRIOT Act amends the anti-money laundering provisions of 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, 5316–5332, to promote 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 to administer the BSA and its implementing regulations has been delegated to the Director of FinCEN. Section 311 of the USA PATRIOT Act (‘‘Section 311’’), codified at 31 U.S.C. E:\FR\FM\17MRP1.SGM 17MRP1 Federal Register / Vol. 81, No. 52 / Thursday, March 17, 2016 / Proposed Rules 5318A), grants the Director of FinCEN the authority, upon finding that reasonable grounds exist for concluding that a foreign jurisdiction, foreign financial institution, class of transactions, or type of account is of ‘‘primary money laundering concern,’’ to require domestic financial institutions and financial agencies to take certain ‘‘special measures’’ to address the primary money laundering concern. The special measures enumerated under Section 311 are prophylactic safeguards that defend the U.S. financial system from money laundering and terrorist financing. FinCEN may impose one or more of these special measures in order to protect the U.S. financial system from these threats. To that end, special measures one through four, codified at 31 U.S.C. 5318A(b)(1–4), impose additional recordkeeping, information collection, and information reporting requirements on covered U.S. financial institutions. The fifth special measure, codified at 31 U.S.C. 5318A(b)(5), allows the Director to prohibit or impose conditions on the opening or maintaining of correspondent or payable-through accounts for the identified institution by U.S. financial institutions. Republic of Belarus (‘‘NBRB’’), the Belarusian central bank and monetary authority with control over bank supervision and regulation, revoked the banking license of InterPay, the successor of Credex, and delisted InterPay from the list of banks published by the NBRB.3 In late January 2016, InterPay was also listed by the NBRB as being in the process of bankruptcy and liquidation.4 Because of the actions taken by the Belarusian banking authorities and the ongoing liquidation of InterPay’s assets, InterPay no longer operates as a foreign financial institution. II. The Finding and Notice of Proposed Rulemaking [FR Doc. 2016–04413 Filed 3–16–16; 8:45 am] asabaliauskas on DSK3SPTVN1PROD with PROPOSALS A. The 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 JSC CredexBank (‘‘Credex’’) was a financial institution of primary money laundering concern.1 FinCEN published a notice of proposed rulemaking proposing to impose the first and fifth special measures on May 30, 2012, pursuant to the authority under 31 U.S.C. 5318A.2 B. Subsequent Developments Since FinCEN’s notice of proposed rulemaking regarding Credex, material facts regarding the circumstances of the proposed rulemaking have changed. On May 8, 2015, the National Bank of the 1 See 2 See 77 FR 31434 (May 25, 2012). 77 FR 31794 (May 30, 2012) (RIN 1506– AB19). VerDate Sep<11>2014 16:06 Mar 16, 2016 Jkt 238001 III. Withdrawal of the Proposed Rule For the reasons set forth above, FinCEN hereby withdraws the May 30, 2012 proposed rule proposing to impose the first and fifth special measure authorized by 31 U.S.C. 5318A(b)(5) regarding Credex/InterPay. FinCEN’s withdrawal of the proposed rule does not acknowledge any remedial measure taken by Credex/InterPay, but results from the fact that Credex/InterPay no longer operates as a foreign financial institution. Jamal El-Hindi, Deputy Director, Financial Crimes Enforcement Network. DEPARTMENT OF COMMERCE National Oceanic and Atmospheric Administration 50 CFR Part 648 RIN 0648–XE502 New England Fishery Management Council; Public Meeting National Marine Fisheries Service (NMFS), National Oceanic and AGENCY: 3 See Press Release, National Bank of the Republic of Belarus. About Revocation of the Banking License from ‘InterPayBank’ Joint Stock Company. (May 8, 2015). https://www.nbrb.by/Press/ ?nId=101&l=en (accessed January 27, 2016); see also Press Release, National Bank of the Republic of Belarus. Register of Banking Licenses as at 27 January 2016. (January 27, 2016). https:// www.nbrb.by/engl/system/register.asp (accessed January 27, 2016). 4 See Press Release, National Bank of the Republic of Belarus. Information on Banks Under Bankruptcy or Liquidation in the Republic of Belarus as of 27.01.2016. (accessed January 27, 2016). https:// www.nbrb.by/engl/system/ex-banks.asp (accessed January 27, 2016). Frm 00008 Fmt 4702 Sfmt 9990 Atmospheric Administration (NOAA), Commerce. ACTION: Notice of a public meeting. The New England Fishery Management Council (Council) is scheduling a public meeting of its Whiting Committee on April 5, 2016, to consider actions affecting New England fisheries in the exclusive economic zone (EEZ). Recommendations from this group will be brought to the full Council for formal consideration and action, if appropriate. SUMMARY: This meeting will be held on Tuesday, April 5, 2016, at 10 a.m. DATES: The meeting will be held at the Hilton Garden, 1 Thurber Street, Warwick, RI 02886; telephone: (401) 734–9600; fax: (401) 734–9700. Council address: New England Fishery Management Council, 50 Water Street, Mill 2, Newburyport, MA 01950. ADDRESSES: FOR FURTHER INFORMATION CONTACT: Thomas A. Nies, Executive Director, New England Fishery Management Council; telephone: (978) 465–0492. SUPPLEMENTARY INFORMATION: BILLING CODE 4810–02–P PO 00000 14409 Agenda The Committee will evaluate options for limited access qualification criteria for Amendment 22. They will discuss other potential measures that could reduce the risk that catches exceed Annual Catch Limits for ‘choke’ species, including but not limited to Georges Bank yellowtail flounder and northern red hake. The Committee will also discuss other business as necessary. Special Accommodations This meeting is physically accessible to people with disabilities. Requests for sign language interpretation or other auxiliary aids should be directed to Thomas A. Nies, Executive Director, at (978) 465–0492, at least 5 days prior to the meeting date. Authority: 16 U.S.C. 1801 et seq. Dated: March 14, 2016. Tracey L. Thompson, Acting Director, Office of Sustainable Fisheries, National Marine Fisheries Service. [FR Doc. 2016–06048 Filed 3–16–16; 8:45 am] BILLING CODE 3510–22–P E:\FR\FM\17MRP1.SGM 17MRP1

Agencies

[Federal Register Volume 81, Number 52 (Thursday, March 17, 2016)]
[Proposed Rules]
[Pages 14408-14409]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-04413]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network

31 CFR Part 1010

RIN 1506-AB19


Financial Crimes Enforcement Network; Withdrawal of Notice of 
Proposed Rulemaking Regarding JSC CredexBank

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

ACTION: Proposed rule; withdrawal.

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SUMMARY: This document withdraws FinCEN's proposed rulemaking to impose 
the first and fifth special measure regarding JSC CredexBank 
(``Credex''), renamed JSC InterPayBank (``InterPay''), as a financial 
institution of primary money laundering concern, pursuant to Section 
311 of the USA PATRIOT Act (``Section 311'').
    Because of material subsequent developments that have mitigated the 
money laundering risks associated with Credex, FinCEN has determined 
that Credex is no longer a primary money laundering concern that 
warrants the implementation of a special measure under Section 311. 
Elsewhere in this issue of the Federal Register, FinCEN is publishing a 
withdrawal of the related finding regarding Credex.

DATES: As of March 17, 2016 the proposed rule published May 30, 2012, 
at 77 FR 31794, is withdrawn.

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

SUPPLEMENTARY INFORMATION: 

I. Background

    On October 26, 2001, the President signed into law the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56 (the 
``USA PATRIOT Act''). Title III of the USA PATRIOT Act amends the anti-
money laundering provisions of 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, 5316-
5332, to promote 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 to administer 
the BSA and its implementing regulations has been delegated to the 
Director of FinCEN.
    Section 311 of the USA PATRIOT Act (``Section 311''), codified at 
31 U.S.C.

[[Page 14409]]

5318A), grants the Director of FinCEN the authority, upon finding that 
reasonable grounds exist for concluding that a foreign jurisdiction, 
foreign financial institution, class of transactions, or type of 
account is of ``primary money laundering concern,'' to require domestic 
financial institutions and financial agencies to take certain ``special 
measures'' to address the primary money laundering concern. The special 
measures enumerated under Section 311 are prophylactic safeguards that 
defend the U.S. financial system from money laundering and terrorist 
financing. FinCEN may impose one or more of these special measures in 
order to protect the U.S. financial system from these threats. To that 
end, special measures one through four, codified at 31 U.S.C. 
5318A(b)(1-4), impose additional recordkeeping, information collection, 
and information reporting requirements on covered U.S. financial 
institutions. The fifth special measure, codified at 31 U.S.C. 
5318A(b)(5), allows the Director to prohibit or impose conditions on 
the opening or maintaining of correspondent or payable-through accounts 
for the identified institution by U.S. financial institutions.

II. The Finding and Notice of Proposed Rulemaking

A. The 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 JSC 
CredexBank (``Credex'') was a financial institution of primary money 
laundering concern.\1\ FinCEN published a notice of proposed rulemaking 
proposing to impose the first and fifth special measures on May 30, 
2012, pursuant to the authority under 31 U.S.C. 5318A.\2\
---------------------------------------------------------------------------

    \1\ See 77 FR 31434 (May 25, 2012).
    \2\ See 77 FR 31794 (May 30, 2012) (RIN 1506-AB19).
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B. Subsequent Developments

    Since FinCEN's notice of proposed rulemaking regarding Credex, 
material facts regarding the circumstances of the proposed rulemaking 
have changed. On May 8, 2015, the National Bank of the Republic of 
Belarus (``NBRB''), the Belarusian central bank and monetary authority 
with control over bank supervision and regulation, revoked the banking 
license of InterPay, the successor of Credex, and delisted InterPay 
from the list of banks published by the NBRB.\3\ In late January 2016, 
InterPay was also listed by the NBRB as being in the process of 
bankruptcy and liquidation.\4\ Because of the actions taken by the 
Belarusian banking authorities and the ongoing liquidation of 
InterPay's assets, InterPay no longer operates as a foreign financial 
institution.
---------------------------------------------------------------------------

    \3\ See Press Release, National Bank of the Republic of Belarus. 
About Revocation of the Banking License from `InterPayBank' Joint 
Stock Company. (May 8, 2015). https://www.nbrb.by/Press/?nId=101&l=en 
(accessed January 27, 2016); see also Press Release, National Bank 
of the Republic of Belarus. Register of Banking Licenses as at 27 
January 2016. (January 27, 2016). https://www.nbrb.by/engl/system/register.asp (accessed January 27, 2016).
    \4\ See Press Release, National Bank of the Republic of Belarus. 
Information on Banks Under Bankruptcy or Liquidation in the Republic 
of Belarus as of 27.01.2016. (accessed January 27, 2016). https://www.nbrb.by/engl/system/ex-banks.asp (accessed January 27, 2016).
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III. Withdrawal of the Proposed Rule

    For the reasons set forth above, FinCEN hereby withdraws the May 
30, 2012 proposed rule proposing to impose the first and fifth special 
measure authorized by 31 U.S.C. 5318A(b)(5) regarding Credex/InterPay. 
FinCEN's withdrawal of the proposed rule does not acknowledge any 
remedial measure taken by Credex/InterPay, but results from the fact 
that Credex/InterPay no longer operates as a foreign financial 
institution.

Jamal El-Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2016-04413 Filed 3-16-16; 8:45 am]
BILLING CODE 4810-02-P

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