[Federal Register Volume 71, Number 235 (Thursday, December 7, 2006)]
[Notices]
[Pages 71027-71028]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-20709]


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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.

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SUMMARY: FinCEN is inviting the public to nominate financial 
organizations 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 January 8, 2007.

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 e-mailed to: 
[email protected].

FOR FUTHER INFORMATION CONTACT: Yesenia Armijo, Regulatory Policy 
Specialist at 202-354-6400.

[[Page 71028]]


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 subject to the reporting requirements of 
the Bank Secrecy Act, 31 CFR 103 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.
    New members will be selected to serve a three-year term. 
Applications should consist of:
     Point of contact, title, address, e-mail address, phone 
number
     Description of the financial institution or trade group 
and its involvement with the Bank Secrecy Act, 31 C.F.R. 103 et seq.
     Reasons why its participation on the BSAAG will bring 
value to the group Entities may nominate themselves.
    FinCEN is interested in bringing representatives from state 
regulatory agencies, state regulator trade groups, self-regulatory 
organizations, industry trade groups, and industry members together 
with federal law enforcement and federal regulatory agencies to help 
advise the Secretary of the Treasury on matters relating to the 
administration of the Bank Secrecy Act. Members must be able and 
willing to make the necessary time commitment to participate on sub-
committees throughout the year by phone and attend biannual plenary 
meetings held in Washington DC in the spring and fall. 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 its selection.
    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 Regulatory Agency (1 vacancy)
     State Regulator Trade Group (1 vacancy)
     Industry Trade Group--Banking Sector (1 vacancy)
     Industry Trade Group--Casino (1 vacancy)
     Industry Trade Group--Precious Metals, Stones, and Jewels 
(1 vacancy) \1\
     Industry Trade Group--Money Services Business Sector (1 
vacancy)
     Industry Representatives Banking (2 vacancies)
     Industry Representatives Securities/ Futures (2 vacancies) 
\2\
     Industry Representatives Money Services Business (1 
vacancy)
    BSAAG members whose terms end as of February 28, 2007 \3\, are:

State Regulatory Agency

     New York State Banking Department

State Regulator Trade Group

     California Bankers Association.

Industry Trade Group--Banking Sector

     Independent Community Bankers Association

Industry Trade Group--Casino

     American Gaming Association.

Industry Trade Group--Money Services Business Sector

     Financial Service Center of America

Industry Representatives Banking

     Branch Bank & Trust
     Pentagon Federal Credit Union

Industry Representatives Securities/ Futures

     Morgan Stanley

Industry Representatives Money Services Business

     American Express

    Dated: November 30, 2006.
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
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    \1\ This is a newly created position in light of the decision 
adopted at the May 2006 BSAAG Plenary.
    \2\ An additional position was created in light of the decision 
adopted at the May 2006 BSAAG Plenary.
    \3\ State regulatory agencies, state regulator trade groups, 
self-regulatory organizations, and industry trade groups can serve 
renewable three-year terms at the discretion of the Director of 
FinCEN. Industry members may not serve consecutive terms but may 
serve multiple terms.
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 [FR Doc. E6-20709 Filed 12-6-06; 8:45 am]
BILLING CODE 4810-02-P