Bank Secrecy Act Advisory Group; Solicitation of Application for Membership, 69822 [2019-27358]

Download as PDF 69822 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Bank Secrecy Act Advisory Group; Solicitation of Application for Membership Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for nominations. AGENCY: FinCEN is inviting the public to nominate financial institutions, trade groups, and non-federal regulators or law enforcement agencies for membership on the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. SUMMARY: Nominations must be received by January 21, 2020. ADDRESSES: Nominations must be emailed to BSAAG@fincen.gov. FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 800–767– 2825. DATES: 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 Treasury 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. BSAAG membership is open to financial institutions, trade groups, and non-federal regulators and law enforcement agencies. Membership is granted to organizations, not to individuals. Organizational members will be selected to serve a three-year term and must designate one individual to represent that member at plenary meetings. The designated representative should be knowledgeable about Bank Secrecy Act requirements and the representative’s organization must be able and willing to devote the personnel time and effort. Examples of expected effort include actively sharing not just anecdotal perspectives, but also quantifiable insights on BSA requirements and industry trends in lotter on DSKBCFDHB2PROD with NOTICES SUPPLEMENTARY INFORMATION: VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 BSAAG discussions. The organization’s representative must be able to attend biannual plenary meetings, generally conducted over one or two days, held in Washington, DC, in May and October. Additional BSAAG meetings are held by phone or in person. It is important to provide complete answers to the following items, as nominations will be evaluated on the information provided through this application process. There is no formal application; interested organizations may submit their nominations via email or email attachment. Nominations should consist of: • Name of the organization requesting membership • Point of contact, title, address, email address and phone number • 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 Organizations may nominate themselves, but nominations for individuals who are not representing an organization will not be considered. 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. Jamal El-Hindi, Deputy Director, Financial Crimes Enforcement Network. [FR Doc. 2019–27358 Filed 12–18–19; 8:45 am] BILLING CODE 4810–02–P PO 00000 Frm 00103 Fmt 4703 Sfmt 4703 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Information Collection Requirements in Connection With the Imposition of a Special Measure Concerning Commercial Bank of Syria, Including Its Subsidiary, Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern Financial Crimes Enforcement Network (‘‘FinCEN’’), U.S. Department of the Treasury. ACTION: Notice and request for comments. AGENCY: As part of a continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, to information collection requirements finalized on March 15, 2006, imposing a special measure with respect to Commercial Bank of Syria, including its subsidiary, Syrian Lebanese Commercial Bank, as a financial institution of primary money laundering concern. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995. DATES: Written comments are welcome and must be received on or before February 18, 2020. ADDRESSES: Comments may be submitted by any of the following methods: • Federal E-rulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. Refer to Docket Number FinCEN–2019– 0009 and the specific Office of Management and Budget (OMB) control number 1506–0036. • Mail: Global Investigations Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FinCEN–2019–0009 and OMB control number 1506–0036. Please submit comments by one method only. Comments will also be incorporated to FinCEN’s retrospective regulatory review process, as mandated by E.O. 12866 and 13563. All comments submitted in response to this notice will become a matter of public record. Therefore, you should submit only information that you wish to make publicly available. FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 1–800–767– 2825 or 1–703–905–3591 (not a toll free number) and select option 3 for SUMMARY: E:\FR\FM\19DEN1.SGM 19DEN1

Agencies

[Federal Register Volume 84, Number 244 (Thursday, December 19, 2019)]
[Notices]
[Page 69822]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27358]



[[Page 69822]]

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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 and request for nominations.

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

SUMMARY: FinCEN is inviting the public to nominate financial 
institutions, trade groups, and non-federal regulators or law 
enforcement agencies 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 21, 2020.

ADDRESSES: Nominations must be emailed to [email protected].

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

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 
Treasury 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.
    BSAAG membership is open to financial institutions, trade groups, 
and non-federal regulators and law enforcement agencies. Membership is 
granted to organizations, not to individuals. Organizational members 
will be selected to serve a three-year term and must designate one 
individual to represent that member at plenary meetings. The designated 
representative should be knowledgeable about Bank Secrecy Act 
requirements and the representative's organization must be able and 
willing to devote the personnel time and effort. Examples of expected 
effort include actively sharing not just anecdotal perspectives, but 
also quantifiable insights on BSA requirements and industry trends in 
BSAAG discussions. The organization's representative must be able to 
attend biannual plenary meetings, generally conducted over one or two 
days, held in Washington, DC, in May and October. Additional BSAAG 
meetings are held by phone or in person.
    It is important to provide complete answers to the following items, 
as nominations will be evaluated on the information provided through 
this application process. There is no formal application; interested 
organizations may submit their nominations via email or email 
attachment. Nominations should consist of:

 Name of the organization requesting membership
 Point of contact, title, address, email address and phone 
number
 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

    Organizations may nominate themselves, but nominations for 
individuals who are not representing an organization will not be 
considered. 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.

Jamal El-Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2019-27358 Filed 12-18-19; 8:45 am]
BILLING CODE 4810-02-P
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