Bank Secrecy Act Advisory Group; Solicitation of Application for Membership, 96708-96709 [2024-28451]

Download as PDF 96708 ACTION: Federal Register / Vol. 89, No. 234 / Thursday, December 5, 2024 / Notices Notice. The Secretary of Transportation, as represented by the Maritime Administration (MARAD), is authorized to issue coastwise endorsement eligibility determinations for foreign-built vessels which will carry no more than twelve passengers for hire. A request for such a determination has been received by MARAD. By this notice, MARAD seeks comments from interested parties as to any effect this action may have on U.S. vessel builders or businesses in the U.S. that use U.S.flag vessels. Information about the requestor’s vessel, including a brief description of the proposed service, is listed below. DATES: Submit comments on or before January 6, 2025. ADDRESSES: You may submit comments identified by DOT Docket Number MARAD–2024–0150 by any one of the following methods: • Federal eRulemaking Portal: Go to https://www.regulations.gov. Search MARAD–2024–0150 and follow the instructions for submitting comments. • Mail or Hand Delivery: Docket Management Facility is in the West Building, Ground Floor of the U.S. Department of Transportation. The Docket Management Facility location address is U.S. Department of Transportation, MARAD–2024–0150, 1200 New Jersey Avenue SE, West Building, Room W12–140, Washington, DC 20590, between 9 a.m. and 5 p.m., Monday through Friday, except on Federal holidays. SUMMARY: Note: If you mail or hand-deliver your comments, we recommend that you include your name and a mailing address, an email address, or a telephone number in the body of your document so that we can contact you if we have questions regarding your submission. khammond on DSK9W7S144PROD with NOTICES Instructions: All submissions received must include the agency name and specific docket number. All comments received will be posted without change to the docket at www.regulations.gov, including any personal information provided. For detailed instructions on submitting comments, or to submit comments that are confidential in nature, see the section entitled Public Participation. FOR FURTHER INFORMATION CONTACT: Patricia Hagerty, U.S. Department of Transportation, Maritime Administration, 1200 New Jersey Avenue SE, Room W23–461, Washington, DC 20590. Telephone: (202) 366–0903. Email: patricia.hagerty@dot.gov. VerDate Sep<11>2014 16:31 Dec 04, 2024 As described in the application, the intended service of the vessel VALKYRIE is: Intended Commercial Use of Vessel: Requester intends to offer passenger sailing charters. Geographic Region Including Base of Operations: Oahu, Hawaii. Base of Operations: Honolulu, Hawaii. Vessel Length and Type: 45′ Sail. The complete application is available for review identified in the DOT docket as MARAD 2024–0150 at https:// www.regulations.gov. Interested parties may comment on the effect this action may have on U.S. vessel builders or businesses in the U.S. that use U.S.-flag vessels. If MARAD determines, in accordance with 46 U.S.C. 12121 and MARAD’s regulations at 46 CFR part 388, that the employment of the vessel in the coastwise trade to carry no more than 12 passengers will have an unduly adverse effect on a U.S.-vessel builder or a business that uses U.S.-flag vessels in that business, MARAD will not issue an approval of the vessel’s coastwise endorsement eligibility. Comments should refer to the vessel name, state the commenter’s interest in the application, and address the eligibility criteria given in section 388.4 of MARAD’s regulations at 46 CFR part 388. SUPPLEMENTARY INFORMATION: Jkt 265001 Public Participation How do I submit comments? Please submit your comments, including the attachments, following the instructions provided under the above heading entitled ADDRESSES. Be advised that it may take a few hours or even days for your comment to be reflected on the docket. In addition, your comments must be written in English. We encourage you to provide concise comments and you may attach additional documents as necessary. There is no limit on the length of the attachments. Where do I go to read public comments, and find supporting information? Go to the docket online at https:// www.regulations.gov, keyword search MARAD–2024–0150 or visit the Docket Management Facility (see ADDRESSES for hours of operation). We recommend that you periodically check the Docket for new submissions and supporting material. Will my comments be made available to the public? Yes. Be aware that your entire comment, including your personal identifying information, will be made publicly available. PO 00000 Frm 00073 Fmt 4703 Sfmt 4703 May I submit comments confidentially? If you wish to submit comments under a claim of confidentiality, you should submit the information you claim to be confidential commercial information by email to SmallVessels@ dot.gov. Include in the email subject heading ‘‘Contains Confidential Commercial Information’’ or ‘‘Contains CCI’’ and state in your submission, with specificity, the basis for any such confidential claim highlighting or denoting the CCI portions. If possible, please provide a summary of your submission that can be made available to the public. In the event MARAD receives a Freedom of Information Act (FOIA) request for the information, procedures described in the Department’s FOIA regulation at 49 CFR 7.29 will be followed. Only information that is ultimately determined to be confidential under those procedures will be exempt from disclosure under FOIA. Privacy Act Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT’s compliance with the Privacy Act, please visit https://www.transportation.gov/ privacy. (Authority: 49 CFR 1.93(a), 46 U.S.C. 55103, 46 U.S.C. 12121) By Order of the Maritime Administrator. T. Mitchell Hudson, Jr., Secretary, Maritime Administration. [FR Doc. 2024–28444 Filed 12–4–24; 8:45 am] BILLING CODE 4910–81–P 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 in the Bank Secrecy Act Advisory Group. New members will be selected for three-year membership terms. SUMMARY: E:\FR\FM\05DEN1.SGM 05DEN1 Federal Register / Vol. 89, No. 234 / Thursday, December 5, 2024 / Notices Nominations must be received by January 6, 2025. ADDRESSES: Nominations must be emailed to BSAAG@fincen.gov. FOR FURTHER INFORMATION CONTACT: FinCEN Regulatory Support Section at frc@fincen.gov. SUPPLEMENTARY INFORMATION: Section 1564 of the Annunzio-Wylie AntiMoney Laundering (AML) Act of 1992 required the Secretary of the Treasury to establish a Bank Secrecy Act Advisory Group (BSAAG) consisting of representatives from federal agencies and other interested persons and financial institutions subject to the regulatory requirements of the Bank Secrecy Act, found at 31 CFR chapter X. The BSAAG is the means by which the Treasury receives advice on the reporting requirements of the Bank Secrecy Act (BSA) and informs private sector representatives on how the information they provide is used. 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 subject to the BSA, trade groups that represent financial institutions subject to the BSA, and federal and non-federal regulators and law enforcement agencies that are located within the United States.1 FinCEN is especially interested in receiving nominations for eligible entities (as described above) that can share insights on compliance with the Corporate Transparency Act and FinCEN’s implementing regulations. In September of 2022, FinCEN published a final rule that implemented a new beneficial ownership information (BOI) reporting requirement, codified at 31 CFR 1010.380.2 This rule implements section 6403 of the Corporate Transparency Act (CTA), which was enacted as part of the Anti-Money Laundering Act of 2020 in the National Defense Authorization Act for Fiscal Year 2021.3 The BOI reporting rule DATES: khammond on DSK9W7S144PROD with NOTICES 1 Because they are not directly subject to the vast majority of BSA requirements themselves, entities that solely provide software products or services or consulting services for financial institutions are not independently eligible for BSAAG membership. 2 FinCEN Issues Final Rule for Beneficial Ownership Reporting To Support Law Enforcement Efforts, Counter Illicit Finance, and Increase Transparency | FinCEN.gov. 3 The CTA is title LXIV of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, Public Law 116–283 (Jan. 1, 2021) (NDAA). Division F of the NDAA is the Anti-Money Laundering Act of 2020, which includes the CTA. Section 6403 of the CTA, among other things, amended the BSA by adding a new section 5336, Beneficial Ownership Information Reporting VerDate Sep<11>2014 16:31 Dec 04, 2024 Jkt 265001 requires certain types of domestic and foreign entities, called ‘‘reporting companies,’’ to report information about their beneficial owners, the persons who ultimately own or control the company, to FinCEN. Eligible entities that are interested in focusing on CTA compliance should provide a clear explanation of how their perspectives can also enhance broader BSAAG discussions, including discussions about the BSA generally. We also continue to welcome nominations from other eligible entities that can actively share their perspectives on a variety of BSA requirements. Each member selected will serve a three-year term and must designate one individual to represent that member at plenary meetings. While BSAAG membership is granted to organizations, not to individuals, the designated representative for each selected organization should be knowledgeable about BSA requirements and be willing and able to devote the necessary time and effort on behalf of the representative’s organization. Members are expected to actively share anecdotal perspectives, quantifiable insights on BSA requirements, and industry trends in BSAAG discussions. The organization’s representative must be able to attend biannual plenary meetings, generally held in Washington, DC, over one or two days, generally in May and October. Additional BSAAG meetings may be held by phone, videoconference, or in person, and the organization’s representative is expected to actively engage in the BSAAG’s work through participation in meetings of various BSAAG Subcommittees and/or working groups, including Subcommittees established pursuant to the Anti-Money Laundering Act of 2020 (AML Act).4 Members will not be paid for their time, services, or travel. Nominations for individuals who are not representing an organization will not be considered, but organizations may nominate themselves. Organizations should only submit nominations on behalf of their own organization and not on behalf of another organization. Please provide complete answers to the following items, as nominations will be evaluated based on the information provided in response to this notice and request for Requirements, to subchapter II of chapter 53 of title 31, United States Code. 4 The AML Act was enacted as division F, sections 6001–6511, of the NDAA. The AML Act, among other provisions, mandated the creation of a BSAAG Subcommittee on Innovation and Technology (section 6207) and a BSAG Subcommittee on Information Security and Confidentiality (section 6302). PO 00000 Frm 00074 Fmt 4703 Sfmt 4703 96709 nominations. There is no required format; interested organizations may submit their nominations electronically (e.g., email or email attachment). Nominations should include the following information: • Name of the organization requesting membership; • Point of contact, title, address, email address, and phone number; • Description of the financial institution, trade group, regulator, selfregulatory organization (SRO), or law enforcement agency involved with the BSA; • Reasons why the organization’s participation on the BSAAG will bring value to the group; and • Trade groups must submit a full list of their members along with their nomination. Trade groups must also confirm that, if selected, they will only share BSAAG information with their members that are located within the United States. In making the selections, FinCEN will seek to complement current BSAAG members and obtain comprehensive representation in terms of affiliation, industry, and geographic representation. The Director retains full discretion on all membership decisions. The Director may consider prior years’ applications when making selections and will not limit consideration to entities nominated by the public when making selections. Andrea M. Gacki, Director, Financial Crimes Enforcement Network. [FR Doc. 2024–28451 Filed 12–4–24; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Reporting on Mortgage Assistance Payments Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments concerning the SUMMARY: E:\FR\FM\05DEN1.SGM 05DEN1

Agencies

[Federal Register Volume 89, Number 234 (Thursday, December 5, 2024)]
[Notices]
[Pages 96708-96709]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28451]


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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 in the Bank Secrecy Act Advisory 
Group. New members will be selected for three-year membership terms.

[[Page 96709]]


DATES: Nominations must be received by January 6, 2025.

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

FOR FURTHER INFORMATION CONTACT: FinCEN Regulatory Support Section at 
[email protected].

SUPPLEMENTARY INFORMATION: Section 1564 of the Annunzio-Wylie Anti-
Money Laundering (AML) Act of 1992 required the Secretary of the 
Treasury to establish a Bank Secrecy Act Advisory Group (BSAAG) 
consisting of representatives from federal agencies and other 
interested persons and financial institutions subject to the regulatory 
requirements of the Bank Secrecy Act, found at 31 CFR chapter X. The 
BSAAG is the means by which the Treasury receives advice on the 
reporting requirements of the Bank Secrecy Act (BSA) and informs 
private sector representatives on how the information they provide is 
used. 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 subject to the 
BSA, trade groups that represent financial institutions subject to the 
BSA, and federal and non-federal regulators and law enforcement 
agencies that are located within the United States.\1\
---------------------------------------------------------------------------

    \1\ Because they are not directly subject to the vast majority 
of BSA requirements themselves, entities that solely provide 
software products or services or consulting services for financial 
institutions are not independently eligible for BSAAG membership.
---------------------------------------------------------------------------

    FinCEN is especially interested in receiving nominations for 
eligible entities (as described above) that can share insights on 
compliance with the Corporate Transparency Act and FinCEN's 
implementing regulations. In September of 2022, FinCEN published a 
final rule that implemented a new beneficial ownership information 
(BOI) reporting requirement, codified at 31 CFR 1010.380.\2\ This rule 
implements section 6403 of the Corporate Transparency Act (CTA), which 
was enacted as part of the Anti-Money Laundering Act of 2020 in the 
National Defense Authorization Act for Fiscal Year 2021.\3\ The BOI 
reporting rule requires certain types of domestic and foreign entities, 
called ``reporting companies,'' to report information about their 
beneficial owners, the persons who ultimately own or control the 
company, to FinCEN. Eligible entities that are interested in focusing 
on CTA compliance should provide a clear explanation of how their 
perspectives can also enhance broader BSAAG discussions, including 
discussions about the BSA generally.
---------------------------------------------------------------------------

    \2\ FinCEN Issues Final Rule for Beneficial Ownership Reporting 
To Support Law Enforcement Efforts, Counter Illicit Finance, and 
Increase Transparency [verbar] FinCEN.gov.
    \3\ The CTA is title LXIV of the William M. (Mac) Thornberry 
National Defense Authorization Act for Fiscal Year 2021, Public Law 
116-283 (Jan. 1, 2021) (NDAA). Division F of the NDAA is the Anti-
Money Laundering Act of 2020, which includes the CTA. Section 6403 
of the CTA, among other things, amended the BSA by adding a new 
section 5336, Beneficial Ownership Information Reporting 
Requirements, to subchapter II of chapter 53 of title 31, United 
States Code.
---------------------------------------------------------------------------

    We also continue to welcome nominations from other eligible 
entities that can actively share their perspectives on a variety of BSA 
requirements. Each member selected will serve a three-year term and 
must designate one individual to represent that member at plenary 
meetings. While BSAAG membership is granted to organizations, not to 
individuals, the designated representative for each selected 
organization should be knowledgeable about BSA requirements and be 
willing and able to devote the necessary time and effort on behalf of 
the representative's organization. Members are expected to actively 
share anecdotal perspectives, quantifiable insights on BSA 
requirements, and industry trends in BSAAG discussions. The 
organization's representative must be able to attend biannual plenary 
meetings, generally held in Washington, DC, over one or two days, 
generally in May and October. Additional BSAAG meetings may be held by 
phone, videoconference, or in person, and the organization's 
representative is expected to actively engage in the BSAAG's work 
through participation in meetings of various BSAAG Subcommittees and/or 
working groups, including Subcommittees established pursuant to the 
Anti-Money Laundering Act of 2020 (AML Act).\4\ Members will not be 
paid for their time, services, or travel.
---------------------------------------------------------------------------

    \4\ The AML Act was enacted as division F, sections 6001-6511, 
of the NDAA. The AML Act, among other provisions, mandated the 
creation of a BSAAG Subcommittee on Innovation and Technology 
(section 6207) and a BSAG Subcommittee on Information Security and 
Confidentiality (section 6302).
---------------------------------------------------------------------------

    Nominations for individuals who are not representing an 
organization will not be considered, but organizations may nominate 
themselves. Organizations should only submit nominations on behalf of 
their own organization and not on behalf of another organization. 
Please provide complete answers to the following items, as nominations 
will be evaluated based on the information provided in response to this 
notice and request for nominations. There is no required format; 
interested organizations may submit their nominations electronically 
(e.g., email or email attachment). Nominations should include the 
following information:
     Name of the organization requesting membership;
     Point of contact, title, address, email address, and phone 
number;
     Description of the financial institution, trade group, 
regulator, self-regulatory organization (SRO), or law enforcement 
agency involved with the BSA;
     Reasons why the organization's participation on the BSAAG 
will bring value to the group; and
     Trade groups must submit a full list of their members 
along with their nomination. Trade groups must also confirm that, if 
selected, they will only share BSAAG information with their members 
that are located within the United States.
    In making the selections, FinCEN will seek to complement current 
BSAAG members and obtain comprehensive representation in terms of 
affiliation, industry, and geographic representation. The Director 
retains full discretion on all membership decisions. The Director may 
consider prior years' applications when making selections and will not 
limit consideration to entities nominated by the public when making 
selections.

Andrea M. Gacki,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2024-28451 Filed 12-4-24; 8:45 am]
BILLING CODE 4810-02-P
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