[Federal Register Volume 72, Number 219 (Wednesday, November 14, 2007)]
[Notices]
[Page 64110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-22181]



[[Page 64110]]

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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, Department of the 
Treasury.

ACTION: Notice and request for nominations.

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SUMMARY: FinCEN is inviting the public to nominate financial 
institutions 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 December 14, 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 FURTHER INFORMATION CONTACT: Jennifer White, Regulatory Outreach 
Specialist at 202-354-6400.

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.
    BSAAG membership is open to financial institutions and trade 
groups. New members will be selected to serve a three-year term. It is 
important to provide complete answers to the following items, as 
applications will be evaluated on the information provided through this 
application process. Applications should consist of:
     Name of the organization requesting membership.
     Point of contact, title, address, e-mail address, phone 
number.
     The BSAAG vacancy for which the organization is applying.
     Description of the financial institution or trade group 
and its involvement with the Bank Secrecy Act, 31 CFR 103 et seq.
     Reasons why the organization's participation on the BSAAG 
will bring value to the group.
    Organizations may nominate themselves, but applications for 
individuals who are not representing an organization will not be 
considered. 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:
     Self-Regulatory Organizations (2 vacancies).
     State Governments (1 vacancy).
     Industry Trade Groups--Banking Sector (1 vacancy).
     Industry Trade Groups--State Level (1 vacancy).
     Industry Trade Groups--International (1 vacancy).
     Industry Trade Groups--Money Services Business Sector (1 
vacancy).
     Industry Trade Groups--Securities (1 vacancy).
     Industry Trade Groups--Mutual Funds (1 vacancy).
     Industry Trade Groups--Investment Companies (1 vacancy).
     Industry Representatives--Banking (2 vacancies).
     Industry Representatives--Stored Value (1 vacancy).
     Industry Representatives--Securities/ Futures (1 vacancy).

    Dated: November 6, 2007.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. E7-22181 Filed 11-13-07; 8:45 am]
BILLING CODE 4810-02-P