Proposed Collection; Comment Request; Update and Renewal of the Bank Secrecy Act Designation of Exempt Person Report, 27102-27103 [2017-11974]

Download as PDF 27102 Federal Register / Vol. 82, No. 112 / Tuesday, June 13, 2017 / Notices DEPARTMENT OF STATE [Delegation of Authority: 428] Delegation of Authority To Concur With the Provision of Support for the Conduct of Operations By virtue of the authority vested in the Secretary of State by the laws of the United States, including section 1 of the State Department Basic Authorities Act (22 U.S.C. 2651a) and 10 U.S.C. 331, I hereby delegate to the Assistant Secretary for Political-Military Affairs, to the extent authorized by law, the authority to concur with Secretary of Defense support and capacity building for the conduct of certain designated counterterrorism and combined operations pursuant to 10 U.S.C. 331. Notwithstanding this delegation of authority, any function or authority delegated herein may be exercised by the Secretary, a Deputy Secretary, the Under Secretary for Arms Control and International Security, or by other senior Department officials pursuant to a delegation of authority. Any reference in this delegation of authority to any statute or delegation of authority shall be deemed to be a reference to such statute or delegation of authority as amended from time to time. This delegation of authority shall be published in the Federal Register. Dated: May 4, 2017. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–12204 Filed 6–12–17; 8:45 am] BILLING CODE 4710–25–P DEPARTMENT OF STATE [Delegation of Authority: 434] nlaroche on DSK30NT082PROD with NOTICES Delegation of Authority To Concur With Secretary of Defense on InterAmerican Air Forces Academy Programs By virtue of the authority vested in the Secretary of State by the laws of the United States, including section 1 of the State Department Basic Authorities Act (22 U.S.C. 2651a) and 10 U.S.C. 349, I hereby delegate to the Assistant Secretary for Political-Military Affairs, to the extent authorized by law, the authority to concur with the Secretary of Defense on providing education and training under 10 U.S.C. 349. Notwithstanding this delegation of authority, any function or authority delegated herein may be exercised by the Secretary, a Deputy Secretary, the Under Secretary for Arms Control and International Security, or by other senior Department officials pursuant to VerDate Sep<11>2014 14:58 Jun 12, 2017 Jkt 241001 a delegation of authority. Any reference in this delegation of authority to any statute or delegation of authority shall be deemed to be a reference to such statute or delegation of authority as amended from time to time. This delegation of authority shall be published in the Federal Register. Dated: May 4, 2017. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–12198 Filed 6–12–17; 8:45 am] BILLING CODE 4710–25–P DEPARTMENT OF STATE [Delegation of Authority: 430] Delegation of Authority To Concur With Secretary of Defense on State Partnership Programs By virtue of the authority vested in the Secretary of State by the laws of the United States, including section 1 of the State Department Basic Authorities Act (22 U.S.C. 2651a) and 10 U.S.C. 341, I hereby delegate to the Assistant Secretary for Political-Military Affairs, to the extent authorized by law, the authority to concur with the Secretary of Defense on State Partnership Programs pursuant to 10 U.S.C. 341. Notwithstanding this delegation of authority, any function or authority delegated herein may be exercised by the Secretary, a Deputy Secretary, the Under Secretary for Arms Control and International Security, or by other senior Department officials pursuant to a delegation of authority. Any reference in this delegation of authority to any statute or delegation of authority shall be deemed to be a reference to such statute or delegation of authority as amended from time to time. This delegation of authority supersedes Delegation of Authority 411, dated November 28, 2014, and shall be published in the Federal Register. Dated: May 4, 2017. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–12202 Filed 6–12–17; 8:45 am] BILLING CODE 4710–25–P DEPARTMENT OF STATE [Delegation of Authority: 432] Delegation of Authority To Concur With Secretary of Defense on Multinational Centers of Excellence By virtue of the authority vested in the Secretary of State by the laws of the United States, including section 1 of the State Department Basic Authorities Act PO 00000 Frm 00067 Fmt 4703 Sfmt 4703 (22 U.S.C. 2651a) and 10 U.S.C. 344, I hereby delegate to the Assistant Secretary for Political-Military Affairs, to the extent authorized by law, the authority to concur with the Secretary of Defense on the authorization of the participation of DoD civilian or military personnel in Multinational Centers of Excellence pursuant to 10 U.S.C. 344. Notwithstanding this delegation of authority, any function or authority delegated herein may be exercised by the Secretary, a Deputy Secretary, the Under Secretary for Arms Control and International Security, or by other senior Department officials pursuant to a delegation of authority. Any reference in this delegation of authority to any statute or delegation of authority shall be deemed to be a reference to such statute or delegation of authority as amended from time to time. This delegation of authority shall be published in the Federal Register. Dated: May 4, 2017. Rex W. Tillerson, Secretary of State. [FR Doc. 2017–12200 Filed 6–12–17; 8:45 am] BILLING CODE 4710–25–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Proposed Collection; Comment Request; Update and Renewal of the Bank Secrecy Act Designation of Exempt Person Report Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments. AGENCY: FinCEN, a bureau of the U.S. Department of the Treasury (‘‘Treasury’’), invites all interested parties to comment on its proposed update and renewal of the collection of information through its ‘‘Designation of Exempt Person’’ (‘‘DoEP’’) report, used by banks and other depository institutions to designate eligible customers as exempt from the requirement to report transactions in currency over $10,000. FinCEN is proposing to remove the reference to ‘‘Document Control Number,’’ which is no longer in use, and add a country field to accommodate reporting from U.S. territories in Part II following the current item 11, and Part III following the current item 23. This request for comments is being made pursuant to the Paperwork Reduction Act (‘‘PRA’’) of 1995. SUMMARY: E:\FR\FM\13JNN1.SGM 13JNN1 Federal Register / Vol. 82, No. 112 / Tuesday, June 13, 2017 / Notices Written comments are welcome and must be received on or before August 14, 2017. ADDRESSES: Comments may be submitted by any of the following methods: • Federal E-rulemaking Portal: https:// www.regulations.gov. Follow the instructions for submitting comments. Refer to Docket Number FINCEN–2017– 0007. • Mail: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN–2017–0007. Please submit comments by one method only. All comments submitted in response to this notice will become a matter of public record. Therefore, you should submit only information that you wish to make publicly available. FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800–767– 2825 or electronically at frc@fincen.gov. SUPPLEMENTARY INFORMATION: Title: BSA Designation of Exempt Persons (DoEP) Report by Depository Financial Institutions, (See 31 CFR 1020.315(a)–(i)). Office of Management and Budget (‘‘OMB’’) Number: 1506–0012. Form Number: FinCEN Form 110. Abstract: The statute generally referred to as the ‘‘Bank Secrecy Act,’’ Titles I and II of Public Law 91–508, as amended, codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, and 31 U.S.C. 5311–5332, authorizes the Secretary of the Treasury, among other things, to require financial institutions to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters, or in the conduct of intelligence or counter-intelligence activities to protect against international terrorism, and to implement countermoney laundering programs and compliance procedures.1 Regulations implementing Title II of the Bank Secrecy Act (‘‘BSA’’) appear at 31 CFR Chapter X. The authority of the Secretary to administer the BSA has been delegated to the Director of FinCEN. The Secretary of the Treasury was granted authority in 1992, with the enactment of 31 U.S.C. 5313, to permit financial institutions to exempt certain persons from the requirement to file currency transaction reports. nlaroche on DSK30NT082PROD with NOTICES DATES: 1 Language expanding the scope of the Bank Secrecy Act to intelligence or counter-intelligence activities to protect against international terrorism was added by Section 358 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Public Law 107–56. VerDate Sep<11>2014 14:58 Jun 12, 2017 Jkt 241001 The information collected on the DoEP is required to be provided pursuant to 31 U.S.C. 5313, as implemented by FinCEN regulations found at 31 CFR 1020.315(a)–(i). The information collected under this requirement is made available to appropriate agencies and organizations as disclosed in FinCEN’s Privacy Act System of Records Notice relating to Bank Secrecy Act (‘‘BSA’’) Reports.2 Current Action: An update and a renewal of the current DOEP, FinCEN Form 110. The report is accessible on the FinCEN Web site at: https:// www.fincen.gov/forms/bsa_forms/. Type of Review: Update and renewal of a currently approved collection. Affected Public: Businesses or other for-profit and not-for-profit financial institutions. Frequency: As required. Estimated Reporting Burden: Average of 60 minutes per report and 15 minutes recordkeeping per filing. (The reporting burden of the regulations 31 CFR 1020.315(a)–(i) is reflected in the burden for the form.) Estimated Recordkeeping and Reporting Burden for 31 CFR 1020.315(a)–(i): 75 minutes. Estimated Number of Respondents: 13,520.3 Estimated Total Annual Responses: 25,160.4 Estimated Total Annual Reporting and Recordkeeping Burden: 31,450 hours. 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 under the BSA must be retained for five years. 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 2 Treasury Department bureaus such as FinCEN renew their System of Records Notices every three years unless there is cause to amend them more frequently. FinCEN’s System of Records Notice for the BSA Report System was most recently published at 79 FR 20969, April 14, 2014, effective May 19, 2014. 3 As of January 31, 2014, there are 6,900 banks, and savings and loans, and 6,620 credit unions. 4 Number of responses are based on actual 2013 filings as reported to the FinCEN System of Record. PO 00000 Frm 00068 Fmt 4703 Sfmt 4703 27103 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; (f) removal of the reference to ‘‘document control number’’ and the addition of a ‘‘country’’ field in Parts II and III. Jamal El Hindi, Deputy Director, Financial Crimes Enforcement Network. [FR Doc. 2017–11974 Filed 6–12–17; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Meeting of the Electronic Tax Administration Advisory Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: The Electronic Tax Administration Advisory Committee (ETAAC) will hold a public meeting on Wednesday, June 28, 2017. FOR FURTHER INFORMATION CONTACT: Mr. Michael Deneroff, National Public Liaison, CL:NPL:SRM, Rm. 7559, 1111 Constitution Avenue NW., Washington, DC 20224. Phone: 202–317–6851 (not a toll-free number). Email address: PublicLiaison@irs.gov. SUPPLEMENTARY INFORMATION: Notice is hereby given pursuant to section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988), that a public meeting of the ETAAC will be held on Wednesday, June 28, 2017 from 9:00 a.m. to 12:00 p.m. at The Melrose Georgetown Hotel, 2430 Pennsylvania Ave NW., Washington, DC 20037. The ETAAC provides continuing input into the development and implementation of the IRS organizational strategy for electronic tax administration. The ETAAC provides an organized public forum for discussion of electronic tax administration issues such as prevention of identity theft and refund fraud in support of the overriding goal that paperless filing should be the preferred and most convenient method of filing tax and information returns. ETAAC members convey the public’s perceptions of IRS electronic tax administration activities, offer constructive observations about SUMMARY: E:\FR\FM\13JNN1.SGM 13JNN1

Agencies

[Federal Register Volume 82, Number 112 (Tuesday, June 13, 2017)]
[Notices]
[Pages 27102-27103]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-11974]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Collection; Comment Request; Update and Renewal of the 
Bank Secrecy Act Designation of Exempt Person Report

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury 
(``Treasury''), invites all interested parties to comment on its 
proposed update and renewal of the collection of information through 
its ``Designation of Exempt Person'' (``DoEP'') report, used by banks 
and other depository institutions to designate eligible customers as 
exempt from the requirement to report transactions in currency over 
$10,000. FinCEN is proposing to remove the reference to ``Document 
Control Number,'' which is no longer in use, and add a country field to 
accommodate reporting from U.S. territories in Part II following the 
current item 11, and Part III following the current item 23. This 
request for comments is being made pursuant to the Paperwork Reduction 
Act (``PRA'') of 1995.

[[Page 27103]]


DATES: Written comments are welcome and must be received on or before 
August 14, 2017.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal E-rulemaking Portal: https://www.regulations.gov. 
Follow the instructions for submitting comments. Refer to Docket Number 
FINCEN-2017-0007.
     Mail: Policy Division, Financial Crimes Enforcement 
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2017-0007.
    Please submit comments by one method only. All comments submitted 
in response to this notice will become a matter of public record. 
Therefore, you should submit only information that you wish to make 
publicly available.

FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800-767-
2825 or electronically at frc@fincen.gov.

SUPPLEMENTARY INFORMATION: 
    Title: BSA Designation of Exempt Persons (DoEP) Report by 
Depository Financial Institutions, (See 31 CFR 1020.315(a)-(i)).
    Office of Management and Budget (``OMB'') Number: 1506-0012.
    Form Number: FinCEN Form 110.
    Abstract: The statute generally referred to as the ``Bank Secrecy 
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12 
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes 
the Secretary of the Treasury, among other things, to require financial 
institutions to keep records and file reports that are determined to 
have a high degree of usefulness in criminal, tax, and regulatory 
matters, or in the conduct of intelligence or counter-intelligence 
activities to protect against international terrorism, and to implement 
counter-money laundering programs and compliance procedures.\1\ 
Regulations implementing Title II of the Bank Secrecy Act (``BSA'') 
appear at 31 CFR Chapter X. The authority of the Secretary to 
administer the BSA has been delegated to the Director of FinCEN.
---------------------------------------------------------------------------

    \1\ Language expanding the scope of the Bank Secrecy Act to 
intelligence or counter-intelligence activities to protect against 
international terrorism was added by Section 358 of the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism Act of 2001, Public Law 107-56.
---------------------------------------------------------------------------

    The Secretary of the Treasury was granted authority in 1992, with 
the enactment of 31 U.S.C. 5313, to permit financial institutions to 
exempt certain persons from the requirement to file currency 
transaction reports.
    The information collected on the DoEP is required to be provided 
pursuant to 31 U.S.C. 5313, as implemented by FinCEN regulations found 
at 31 CFR 1020.315(a)-(i). The information collected under this 
requirement is made available to appropriate agencies and organizations 
as disclosed in FinCEN's Privacy Act System of Records Notice relating 
to Bank Secrecy Act (``BSA'') Reports.\2\
---------------------------------------------------------------------------

    \2\ Treasury Department bureaus such as FinCEN renew their 
System of Records Notices every three years unless there is cause to 
amend them more frequently. FinCEN's System of Records Notice for 
the BSA Report System was most recently published at 79 FR 20969, 
April 14, 2014, effective May 19, 2014.
---------------------------------------------------------------------------

    Current Action: An update and a renewal of the current DOEP, FinCEN 
Form 110. The report is accessible on the FinCEN Web site at: https://www.fincen.gov/forms/bsa_forms/.
    Type of Review: Update and renewal of a currently approved 
collection.
    Affected Public: Businesses or other for-profit and not-for-profit 
financial institutions.
    Frequency: As required.
    Estimated Reporting Burden: Average of 60 minutes per report and 15 
minutes recordkeeping per filing. (The reporting burden of the 
regulations 31 CFR 1020.315(a)-(i) is reflected in the burden for the 
form.)
    Estimated Recordkeeping and Reporting Burden for 31 CFR 
1020.315(a)-(i): 75 minutes.
    Estimated Number of Respondents: 13,520.\3\
---------------------------------------------------------------------------

    \3\ As of January 31, 2014, there are 6,900 banks, and savings 
and loans, and 6,620 credit unions.
---------------------------------------------------------------------------

    Estimated Total Annual Responses: 25,160.\4\
---------------------------------------------------------------------------

    \4\ Number of responses are based on actual 2013 filings as 
reported to the FinCEN System of Record.
---------------------------------------------------------------------------

    Estimated Total Annual Reporting and Recordkeeping Burden: 31,450 
hours.
    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 under the BSA must be retained for five years.

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; (f) removal of the 
reference to ``document control number'' and the addition of a 
``country'' field in Parts II and III.

Jamal El Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2017-11974 Filed 6-12-17; 8:45 am]
BILLING CODE 4810-02-P
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