12370 Federal Register / Vol. 77, No. 40 / Wednesday, February 29, 2012 / Notices 

26Supra footnote 12. 

27See Background section. 

28See 75 FR 75598, December 3, 2010, footnote 

20. Such ‘‘dual filing’’ requirements, regardless of 

whether the State authority examines for 

compliance with State laws requiring compliance 

with the BSA, are inherently inconsistent with 31 

U.S.C. 5318(g)(4), which clearly intends that all 

SARs be filed to a single government agency 

designated by the Secretary of the Treasury. 

29FinCEN–SAR, FinCEN–CTR, Designation Of 

Exempt Person, CMIR, RMSB, Foreign Bank 

Account Report, and the Report of Cash Payments 

Over $10,000 Received in a Trade or Business 

(Form 8300). 

30See OMB control numbers 1506–0065, 1506– 

0064, 1506–0009, 1506–0013, 1506–0014, 1506– 

0018. 

31See OMB control numbers 1506–0051 through 

1506–0059. 

32All filers subject to BSA reporting requirements 

excluding CMIR, see supra note 3. 

33 Includes all reporting and recordkeeping 

burden associated with filing BSA reports. 

filers to request a temporary limited 

hardship exemption from mandatory EFiling. A small business may request, 

and may be granted an emergency 

extension by FinCEN based upon 

certain very limited hardship 

exemptions.26

h. Individual filers: Effective August 

2011, FinCEN expanded the option to 

electronically file the Report of Foreign 

Bank and Financial Accounts (FBAR) to 

individuals. Individuals worldwide can 

sign up to file their individual FBARs 

by accessing the FinCEN E-Filing Web 

site.27

i. Other Filing Issues: One commenter 

noted a potential issue with duplicate 

filings that are currently required by 

several States. FinCEN will continue to 

address the duplicate filing issue with 

the States involved. FinCEN noted this 

issue in its SAR Confidentiality notice 

filing.28

j. Report of Cash Payments Over 

$10,000 Received in a Trade or Business 

(Form 8300). Although FinCEN is 

making electronic filing of the Report of 

Cash Payments Over $10,000 Received 

in a Trade or Business, Form 8300, 

available to the filing public and will 

encourage the use of electronic filing as 

a fast and secure means for filers to meet 

their obligations, FinCEN is not 

mandating the E-Filing of this report at 

this time to remain consistent with 

statutory restrictions under 26 U.S.C. 

6011(e)(2) that may pertain to this 

report, which is required under both 

FinCEN and IRS regulations. 

Paperwork Reduction Act (PRA) 

Type of Review: Review of the final 

notice to mandate the electronic filing of 

BSA reports. The burden associated 

with this notice is reflected below. 

Affected Public: Businesses or other 

for-profit and non-profit institutions. 

Frequency: As required. 

Estimated Burden: Effective with the 

FinCEN IT Modernization, there will be 

seven BSA reports.29 The burden for 

electronic filing and recordkeeping of 

each BSA report is reflected in the OMB 

approved burden 30 for each of these 

reports. The non-reporting 

recordkeeping burden is reflected 

separately.31

Estimated Number of Respondents for 

all reports = 74,900.32

Estimated Total Annual Responses for 

all reports = 16,172,770. 

Estimated Total Annual Burden Hours 

= 20,874,761.33

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Records required to be retained 

pursuant to the BSA must be retained 

for five years. 

Dated: February 22, 2012. 

James H. Freis, Jr., 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2012–4756 Filed 2–28–12; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Designation of 3 Individuals Pursuant 

to Executive Order 13224 of September 

23, 2001, ‘‘Blocking Property and 

Prohibiting Transactions With Persons 

Who Commit, Threaten To Commit, or 

Support Terrorism’’ 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Treasury Department’s 

Office of Foreign Assets Control 

(‘‘OFAC’’) is publishing the names of 3 

individuals whose property and 

interests in property are blocked 

pursuant to Executive Order 13224 of 

September 23, 2001, ‘‘Blocking Property 

and Prohibiting Transactions With 

Persons Who Commit, Threaten To 

Commit, or Support Terrorism.’’ 

DATES: The designations by the Director 

of OFAC of the 3 individual(s) and 0 

entity(-ies) in this notice, pursuant to 

Executive Order 13224, are effective on 

February 23, 2012. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, Office of 

Foreign Assets Control, Department of 

the Treasury, Washington, DC 20220, 

tel.: 202/622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(www.treas.gov/ofac) or via facsimile 

through a 24-hour fax-on-demand 

service, tel.: 202/622–0077. 

Background 

On September 23, 2001, the President 

issued Executive Order 13224 (the 

‘‘Order’’) pursuant to the International 

Emergency Economic Powers Act, 50 

U.S.C. 1701–1706, and the United 

Nations Participation Act of 1945, 22 

U.S.C. 287c. In the Order, the President 

declared a national emergency to 

address grave acts of terrorism and 

threats of terrorism committed by 

foreign terrorists, including the 

September 11, 2001 terrorist attacks in 

New York, Pennsylvania, and at the 

Pentagon. The Order imposes economic 

sanctions on persons who have 

committed, pose a significant risk of 

committing, or support acts of terrorism. 

The President identified in the Annex to 

the Order, as amended by Executive 

Order 13268 of July 2, 2002, 13 

individuals and 16 entities as subject to 

the economic sanctions. The Order was 

further amended by Executive Order 

13284 of January 23, 2003, to reflect the 

creation of the Department of Homeland 

Security. 

Section 1 of the Order blocks, with 

certain exceptions, all property and 

interests in property that are in or 

hereafter come within the United States 

or the possession or control of United 

States persons, of: (1) Foreign persons 

listed in the Annex to the Order; (2) 

foreign persons determined by the 

Secretary of State, in consultation with 

the Secretary of the Treasury, the 

Secretary of the Department of 

Homeland Security and the Attorney 

General, to have committed, or to pose 

a significant risk of committing, acts of 

terrorism that threaten the security of 

U.S. nationals or the national security, 

foreign policy, or economy of the United 

States; (3) persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to be owned or 

controlled by, or to act for or on behalf 

of those persons listed in the Annex to 

the Order or those persons determined 

to be subject to subsection 1(b), 1(c), or 

1(d)(i) of the Order; and (4) except as 

provided in section 5 of the Order and 

after such consultation, if any, with 

foreign authorities as the Secretary of 

State, in consultation with the Secretary 


tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 77, No. 40 / Wednesday, February 29, 2012 / Notices 12371 

of the Treasury, the Secretary of the 

Department of Homeland Security and 

the Attorney General, deems 

appropriate in the exercise of his 

discretion, persons determined by the 

Director of OFAC, in consultation with 

the Departments of State, Homeland 

Security and Justice, to assist in, 

sponsor, or provide financial, material, 

or technological support for, or financial 

or other services to or in support of, 

such acts of terrorism or those persons 

listed in the Annex to the Order or 

determined to be subject to the Order or 

to be otherwise associated with those 

persons listed in the Annex to the Order 

or those persons determined to be 

subject to subsection 1(b), 1(c), or 1(d)(i) 

of the Order. 

On February 23, 2012 the Director of 

OFAC, in consultation with the 

Departments of State, Homeland 

Security, Justice and other relevant 

agencies, designated, pursuant to one or 

more of the criteria set forth in 

subsections 1(b), 1(c) or 1(d) of the 

Order, 3 individuals whose property 

and interests in property are blocked 

pursuant to Executive Order 13224. 

The listings for these individuals on 

OFAC’s list of Specially Designated 

Nationals and Blocked Persons appear 

as follows: 

Individuals 

1. ACHWAN, Mochammad (a.k.a. 

ACHWAN, Muhammad; a.k.a. 

ACHWAN, Mochtar; a.k.a. ACHWAN, 

Mochdar; a.k.a. AKHWAN, 

Muhammad; a.k.a. AKHWAN, 

Mochtar; a.k.a. AKWAN, Mochtar), 

Jalan Ir. H. Juanda 8/10, RT/RW 002/ 

001, Jodipan, Blimbing, Malang, 

Indonesia; DOB 4 May 1948; alt. DOB 

4 May 1946; POB Tulungagung, 

Indonesia; nationality Indonesia; 

National ID No. 3573010405480001 

(Indonesia) (individual) [SDGT]. 

2. BA’ASYIR, Abdul Rosyid Ridho 

(a.k.a. BA’ASYIR, Rosyid Ridho; a.k.a. 

BA’ASYIR, Rasyid Ridho; a.k.a. 

BA’ASYIR, Rashid Rida; a.k.a. 

BASHIR, Abdul Rosyid Ridho; a.k.a. 

BASHIR, Rosyid Ridho; a.k.a. 

BASHIR, Rasyid Ridho; a.k.a. 

BASHIR, Rashid Rida), Pondok 

Pesantren Al Wayain Ngrandu, 

Sumber Agung, Magetan, East Java, 

Indonesia; DOB 31 Jan 1974; POB 

Sukoharjo, Indonesia; nationality 

Indonesia; National ID No. 

1127083101740003 (Indonesia) 

(individual) [SDGT]. 

3. BIN MUHADJIR, Son Hadi (a.k.a. BIN 

MUHADJR, Son Hadi; a.k.a. BIN 

MUJAHIR, Son Hadi; a.k.a. 

MUHADJIR, Son bn Hadi), Jalan Raya 

Gongdanglegi, RT/RW 1/13, 

Cangkring Malang, Beji, Pasuran 

67154, Indonesia; DOB 12 May 1971; 

POB Pasuran, East Java, Indonesia; 

nationality Indonesia; National ID No. 

3514131205710004 (Indonesia); 

Passport R057803 (Indonesia) 

(individual) [SDGT]. 

Dated: February 23, 2012. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2012–4720 Filed 2–28–12; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Department of the 

Treasury, as part of its continuing effort 

to reduce paperwork and respondent 

burden, invites the general 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, 

Public Law 104–13 (44 U.S.C. 

3506(c)(2)(A)). Currently, the IRS is 

soliciting comments concerning 

applicable conventions under the 

accelerated cost recovery system. 

DATES: Written comments should be 

received on or before April 30, 2012 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Yvette Lawrence, Internal Revenue 

Service, Room 6129, 1111 Constitution 

Avenue NW., Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulation should be 

directed to Allan Hopkins, (202) 622– 

6665, Internal Revenue Service, Room 

6129, 1111 Constitution Avenue NW., 

Washington, DC 20224, or through the 

Internet at Allan.M.Hopkins.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Applicable Conventions Under 

the Accelerated Cost Recovery System. 

OMB Number: 1545–1146. 

Regulation Project Number: PS–54–89 

Final. 

Abstract: The regulations describe the 

time and manner of making the notation 

required to be made on Form 4562, 

under certain circumstances when the 

taxpayer transfers property in certain 

non-recognition transactions. The 

information is necessary to monitor 

compliance with section 168 of the 

Internal Revenue Code. 

Current Actions: There is no change to 

this existing regulation. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and farms. 

Estimated Number of Respondents: 

700. 

Estimated Time per Respondent: 6 

min. 

Estimated Total Annual Burden 

Hours: 70 hours. 

The following paragraph applies to all 

of the collections of information covered 

by this notice: 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless the collection of information 

displays a valid OMB control number. 

Books or records relating to a collection 

of information must be retained as long 

as their contents may become material 

in the administration of any internal 

revenue law. Generally, tax returns and 

tax return information are confidential, 

as required by 26 U.S.C. 6103. 

Request For Comments: Comments 

submitted in response to this notice will 

be summarized and/or included in the 

request for OMB approval. All 

comments will become a matter of 

public record. Comments are invited on: 

(a) Whether the collection of 

information is necessary for the proper 

performance of the functions of the 

agency, including whether the 

information shall have practical utility; 

(b) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (c) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (d) ways to 

minimize the burden of the collection of 

information on respondents, including 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: February 22, 2012. 

Yvette Lawrence, 

IRS Reports Clearance Officer. 

[FR Doc. 2012–4739 Filed 2–28–12; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

United States Mint 

Notification of Citizens Coinage 

Advisory Committee February 28, 

2012, Public Meeting 

ACTION: Notification of Citizens Coinage 

Advisory Committee February 28, 2012, 

Public Meeting. 


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