Federal Register / Vol. 89, No. 234 / Thursday, December 5, 2024 / Notices 96709 

1Because they are not directly subject to the vast 

majority of BSA requirements themselves, entities 

that solely provide software products or services or 

consulting services for financial institutions are not 

independently eligible for BSAAG membership. 

2FinCEN Issues Final Rule for Beneficial 

Ownership Reporting To Support Law Enforcement 

Efforts, Counter Illicit Finance, and Increase 

Transparency | FinCEN.gov. 

3The CTA is title LXIV of the William M. (Mac) 

Thornberry National Defense Authorization Act for 

Fiscal Year 2021, Public Law 116–283 (Jan. 1, 2021) 

(NDAA). Division F of the NDAA is the Anti-Money 

Laundering Act of 2020, which includes the CTA. 

Section 6403 of the CTA, among other things, 

amended the BSA by adding a new section 5336, 

Beneficial Ownership Information Reporting 

Requirements, to subchapter II of chapter 53 of title 

31, United States Code. 

4The AML Act was enacted as division F, 

sections 6001–6511, of the NDAA. The AML Act, 

among other provisions, mandated the creation of 

a BSAAG Subcommittee on Innovation and 

Technology (section 6207) and a BSAG 

Subcommittee on Information Security and 

Confidentiality (section 6302). 

DATES: Nominations must be received 

by January 6, 2025. 

ADDRESSES: Nominations must be 

emailed to BSAAG@fincen.gov. 

FOR FURTHER INFORMATION CONTACT: 

FinCEN Regulatory Support Section at 

frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: Section 

1564 of the Annunzio-Wylie AntiMoney Laundering (AML) Act of 1992 

required the Secretary of the Treasury to 

establish a Bank Secrecy Act Advisory 

Group (BSAAG) consisting of 

representatives from federal agencies 

and other interested persons and 

financial institutions subject to the 

regulatory requirements of the Bank 

Secrecy Act, found at 31 CFR chapter X. 

The BSAAG is the means by which the 

Treasury receives advice on the 

reporting requirements of the Bank 

Secrecy Act (BSA) and informs private 

sector representatives on how the 

information they provide is used. 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. 

BSAAG membership is open to 

financial institutions subject to the BSA, 

trade groups that represent financial 

institutions subject to the BSA, and 

federal and non-federal regulators and 

law enforcement agencies that are 

located within the United States.1

FinCEN is especially interested in 

receiving nominations for eligible 

entities (as described above) that can 

share insights on compliance with the 

Corporate Transparency Act and 

FinCEN’s implementing regulations. In 

September of 2022, FinCEN published a 

final rule that implemented a new 

beneficial ownership information (BOI) 

reporting requirement, codified at 31 

CFR 1010.380.2 This rule implements 

section 6403 of the Corporate 

Transparency Act (CTA), which was 

enacted as part of the Anti-Money 

Laundering Act of 2020 in the National 

Defense Authorization Act for Fiscal 

Year 2021.3 The BOI reporting rule 

requires certain types of domestic and 

foreign entities, called ‘‘reporting 

companies,’’ to report information about 

their beneficial owners, the persons who 

ultimately own or control the company, 

to FinCEN. Eligible entities that are 

interested in focusing on CTA 

compliance should provide a clear 

explanation of how their perspectives 

can also enhance broader BSAAG 

discussions, including discussions 

about the BSA generally. 

We also continue to welcome 

nominations from other eligible entities 

that can actively share their 

perspectives on a variety of BSA 

requirements. Each member selected 

will serve a three-year term and must 

designate one individual to represent 

that member at plenary meetings. While 

BSAAG membership is granted to 

organizations, not to individuals, the 

designated representative for each 

selected organization should be 

knowledgeable about BSA requirements 

and be willing and able to devote the 

necessary time and effort on behalf of 

the representative’s organization. 

Members are expected to actively share 

anecdotal perspectives, quantifiable 

insights on BSA requirements, and 

industry trends in BSAAG discussions. 

The organization’s representative must 

be able to attend biannual plenary 

meetings, generally held in Washington, 

DC, over one or two days, generally in 

May and October. Additional BSAAG 

meetings may be held by phone, 

videoconference, or in person, and the 

organization’s representative is expected 

to actively engage in the BSAAG’s work 

through participation in meetings of 

various BSAAG Subcommittees and/or 

working groups, including 

Subcommittees established pursuant to 

the Anti-Money Laundering Act of 2020 

(AML Act).4 Members will not be paid 

for their time, services, or travel. 

Nominations for individuals who are 

not representing an organization will 

not be considered, but organizations 

may nominate themselves. 

Organizations should only submit 

nominations on behalf of their own 

organization and not on behalf of 

another organization. Please provide 

complete answers to the following 

items, as nominations will be evaluated 

based on the information provided in 

response to this notice and request for 

nominations. There is no required 

format; interested organizations may 

submit their nominations electronically 

(e.g., email or email attachment). 

Nominations should include the 

following information: 

• Name of the organization requesting 

membership; 

• Point of contact, title, address, 

email address, and phone number; 

• Description of the financial 

institution, trade group, regulator, selfregulatory organization (SRO), or law 

enforcement agency involved with the 

BSA; 

• Reasons why the organization’s 

participation on the BSAAG will bring 

value to the group; and 

• Trade groups must submit a full list 

of their members along with their 

nomination. Trade groups must also 

confirm that, if selected, they will only 

share BSAAG information with their 

members that are located within the 

United States. 

In making the selections, FinCEN will 

seek to complement current BSAAG 

members and obtain comprehensive 

representation in terms of affiliation, 

industry, and geographic representation. 

The Director retains full discretion on 

all membership decisions. The Director 

may consider prior years’ applications 

when making selections and will not 

limit consideration to entities 

nominated by the public when making 

selections. 

Andrea M. Gacki, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2024–28451 Filed 12–4–24; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Extension of Information 

Collection Request Submitted for 

Public Comment; Comment Request 

on Burden Related to Reporting on 

Mortgage Assistance Payments 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the 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. Currently, the IRS is 

soliciting comments concerning the 


khammond on DSK9W7S144PROD with NOTICES
96710 Federal Register / Vol. 89, No. 234 / Thursday, December 5, 2024 / Notices 

burden for Form 1098–MA, Mortgage 

Assistance Payments. 

DATES: Written comments should be 

received on or before February 3, 2025 

to be assured of consideration. 

ADDRESSES: Direct all written comments 

to Andre ́s Garcia, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

by email to pra.comments@irs.gov. 

Please include, ‘‘OMB Number: 1545– 

2221–Public Comment Request Notice’’ 

in the Subject line. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the form and instructions 

should be directed to Ronald J. Durbala, 

at (202) 317–5746, at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

RJoseph.Durbala@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Mortgage Assistance Payments. 

OMB Number: 1545–2221. 

Document Number: Forms 1098–MA. 

Abstract: Taxpayers who are required 

to have an identification number for use 

on any return, statement, or other 

document must prepare and file Form 

SS–4 or Form SS–4 (SP) to obtain a 

number. The information is used by the 

Internal Revenue Service and the Social 

Security Administration in tax 

administration and by the Bureau of the 

Census for business statistics. 

Current Actions: There are no changes 

being made to the forms at this time. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, individuals or 

households, not-for-profit institutions, 

farms, federal government, and state, 

local or tribal governments. 

Estimated Number of Respondents: 

60,000. 

Estimated Time per Respondent: 2 

hrs., 50 min. 

Estimated Total Annual Burden 

Hours: 170,400. 

The following paragraph applies to all 

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 if 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. 

Desired Focus of Comments: The 

Internal Revenue Service (IRS) is 

particularly interested in comments 

that: 

• Evaluate whether the proposed 

collection of information is necessary 

for the proper performance of the 

functions of the agency, including 

whether the information will have 

practical utility. 

• Evaluate the accuracy of the 

agency’s estimate of the burden of the 

proposed collection of information, 

including the validity of the 

methodology and assumptions used. 

• Enhance the quality, utility, and 

clarity of the information to be 

collected; and 

• Minimize the burden of the 

collection of information on those who 

are to respond, including using 

appropriate automated, electronic, 

mechanical, or other technological 

collection techniques or other forms of 

information technology, e.g., by 

permitting electronic submissions of 

responses. 

Comments submitted in response to 

this notice will be summarized and/or 

included in the ICR for OMB approval 

of the extension of the information 

collection; they will also become a 

matter of public record. 

Approved: December 2, 2024. 

Ronald J. Durbala, 

IRS Tax Analyst. 

[FR Doc. 2024–28481 Filed 12–4–24; 8:45 am] 

BILLING CODE 4830–01–P 


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