[Federal Register Volume 75, Number 243 (Monday, December 20, 2010)]
[Notices]
[Page 79440]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-31906]


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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 January 19, 2011.

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: Clare Murphy, 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 with members subject to the requirements 
of the Bank Secrecy Act, 31 CFR part 103 et seq. (future 31 CFR part 
1000 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 and 
must designate one individual to represent that member at plenary 
meetings. In compliance with Executive Order 13490 of January 21, 2009, 
and a Presidential Memorandum signed by President Obama on June 18, 
2010,\1\ member organizations may not designate a representative to 
participate in BSAAG plenary or subcommittee meetings who is registered 
as a lobbyist pursuant to 2 U.S.C. 1603(a).
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    \1\ Presidential Memorandum--Lobbyists on Agency Boards and 
Commissions (June 18, 2010), http://www.whitehouse.gov/the-press-office/presidential-memorandum-lobbyists-agency-boards-and-commissions.
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    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 and 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 part 103 et seq. 
(future 31 CFR part 1000 et seq.).
     Reasons why the organization's participation on the BSAAG 
will bring value to the group.
    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 Governments (1 vacancy).
     Self-Regulatory Organizations (2 vacancies).
     Tribal Gaming (1 vacancy).
     Industry Trade Groups--Banking (1 vacancy).
     Industry Trade Groups--International (1 vacancy).
     Industry Trade Groups--Money Services Businesses (1 
vacancy).
     Industry Trade Groups--Mutual Funds (1 vacancy).
     Industry Trade Groups--Securities (1 vacancy).
     Industry Trade Groups--State Level (1 vacancy).
     Industry Trade Groups--Stored Value (1 vacancy).
     Industry Representatives--Banking (2 vacancies).
     Industry Representatives--Securities/Futures (1 vacancy).
    Organizations may nominate themselves, but applications for 
individuals who are not representing an organization for a vacancy 
noted above will not be considered. Members must be able and willing to 
make the necessary time commitment to participate on subcommittees 
throughout the year by phone and attend biannual plenary meetings held 
in Washington, DC the second Wednesday of May and October. 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 a selection.

    Dated: December 13, 2010.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2010-31906 Filed 12-17-10; 8:45 am]
BILLING CODE 4810-02-P