[Federal Register Volume 76, Number 227 (Friday, November 25, 2011)]
[Notices]
[Pages 72764-72765]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-30312]


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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, 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 27, 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 emailed 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 1000-1099 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 White House policy, member

[[Page 72765]]

organizations may not designate a representative to participate in 
BSAAG plenary or subcommittee meetings who is currently registered as a 
lobbyist pursuant to 2 U.S.C. 1603(a).
    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, email 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 1000-1099 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 (1 vacancy).
     Industry Trade Groups--Banking (2 vacancies).
     Industry Trade Groups--Credit Unions (1 vacancy).
     Industry Trade Groups--Insurance (1 vacancy).
     Industry Trade Groups--International (1 vacancy).
     Industry Trade Groups--Futures (1 vacancy).
     Industry Trade Groups--Gatekeepers (1 vacancy).
     Industry Trade Groups--Loan or Finance Companies (1 
vacancy).
     Industry Representatives--Insurance (1 vacancy).
     Industry Representatives--Operator of Credit Card Systems 
(1 vacancy).
     Industry Representatives--Money Services Businesses (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 selections.

    Dated: November 16, 2011.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2011-30312 Filed 11-23-11; 8:45 am]
BILLING CODE 4810-02-P