Proposed Collection; Comment Request; Suspicious Activity Report by Money Services Businesses, 20204-20212 [05-7611]

Download as PDF 20204 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices DEPARTMENT OF TRANSPORTATION National Highway Traffic Safety Administration [Docket No. NHTSA–2005–20923; Notice 1] Les Entreprises Michel Corbeil Inc., Receipt of Petition for Decision of Inconsequential Noncompliance Les Entreprises Michel Corbeil Inc. (Corbeil) has determined that certain vehicles that it produced in 1998 through 2005 do not comply with S9.3(c) of 49 CFR 571.111, Federal Motor Vehicle Safety Standard (FMVSS) No. 111, ‘‘Rearview mirrors.’’ Corbeil has filed an appropriate report pursuant to 49 CFR Part 573, ‘‘Defect and Noncompliance Reports.’’ Pursuant to 49 U.S.C. 30118(d) and 30120(h), Corbeil has petitioned for an exemption from the notification and remedy requirements of 49 U.S.C. Chapter 301 on the basis that this noncompliance is inconsequential to motor vehicle safety. This notice of receipt of Corbeil’s petition is published under 49 U.S.C. 30118 and 30120 and does not represent any agency decision or other exercise of judgment concerning the merits of the petition. Affected are a total of approximately 246 Ford and GM chassis cutaway single and dual wheel school buses manufactured from January 5, 1998 through February 15, 2005. S9.3(c) requires: Each school bus which has a mirror installed in compliance with S9.3(a) that has an average radius of curvature of less than 889 mm, as determined under S12, shall have a label visible to the seated driver. The label shall be printed in a type face and color that are clear and conspicuous. The label shall state the following: USE CROSS VIEW MIRRORS TO VIEW PEDESTRIANS WHILE BUS IS STOPPED. DO NOT USE THESE MIRRORS TO VIEW TRAFFIC WHILE BUS IS MOVING. IMAGES IN SUCH MIRRORS DO NOT ACCURATELY SHOW ANOTHER VEHICLE’S LOCATION.’’ The noncompliant school buses were produced without the required label. Corbeil indicates in its petition that the number of school buses that are noncompliant is an estimate. Corbeil explains, ‘‘As we cannot establish any moment where this situation may have occurred, we have considered the NHTSA time frame from 1998 [when production began] to February 15, 2005 [when the noncompliance was corrected].’’ Corbeil states that during this period, 8471 of the affected type of school buses were produced. Corbeil further states: A count was done within the ready-fordelivery bus yard. * * *From a quantity of VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 310 vehicles inspected, 9 vehicles were not provided with the label. * * *We have then extrapolated the recall population by [applying the ratio 9/310 or 2.9% to the population of 8471]. Corbeil believes that the noncompliance is inconsequential to motor vehicle safety and that no corrective action is warranted. Corbeil states that school bus drivers in general are instructed and aware of the use of these mirrors for pedestrian purposes only. Further, the petitioner asserts that a very small number of vehicles are affected, over a time period of eight years, and that a recall would cost approximately $10,000 Canadian due to the need to recall all 8471 school buses produced from 1998 to 2005 to determine which do not have the label required by S9.3(c). Corbeil has corrected the problem. Interested persons are invited to submit written data, views, and arguments on the petition described above. Comments must refer to the docket and notice number cited at the beginning of this notice and be submitted by any of the following methods. Mail: Docket Management Facility, U.S. Department of Transportation, Nassif Building, Room PL–401, 400 Seventh Street, SW., Washington, DC, 20590–0001. Hand Delivery: Room PL–401 on the plaza level of the Nassif Building, 400 Seventh Street, SW., Washington, DC. It is requested, but not required, that two copies of the comments be provided. The Docket Section is open on weekdays from 10 a.m. to 5 p.m. except Federal Holidays. Comments may be submitted electronically by logging onto the Docket Management System Web site at http://dms.dot.gov. Click on ‘‘Help’’ to obtain instructions for filing the document electronically. Comments may be faxed to 1–202–493–2251, or may be submitted to the Federal eRulemaking Portal: go to http:// www.regulations.gov. Follow the online instructions for submitting comments. The petition, supporting materials, and all comments received before the close of business on the closing date indicated below will be filed and will be considered. All comments and supporting materials received after the closing date will also be filed and will be considered to the extent possible. When the petition is granted or denied, notice of the decision will be published in the Federal Register pursuant to the authority indicated below. Comment closing date: May 18, 2005. Authority (49 U.S.C. 30118, 30120: delegations of authority at CFR 1.50 and 501.8) PO 00000 Frm 00104 Fmt 4703 Sfmt 4703 Issued on: April 13, 2005. Ronald L. Medford, Senior Associate Administrator for Vehicle Safety. [FR Doc. 05–7698 Filed 4–15–05; 8:45 am] BILLING CODE 4910–59–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Proposed Collection; Comment Request; Suspicious Activity Report by Money Services Businesses Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments. AGENCY: SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a proposed information collection contained in a revised form, Suspicious Activity Report by Money Services Businesses, FinCEN Form 109 (formerly Form TD F 90–22.56). The form will be used by money transmitters, issuers, sellers, and redeemers of money orders and traveler’s checks, and currency dealers and exchangers to report suspicious activity to the Department of the Treasury. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995, Public Law 104–13, 44 U.S.C. 3506(c)(2)(A). Written comments are welcome and must be received on or before June 17, 2005. ADDRESSES: Written comments should be submitted to: Office of Chief Counsel, Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, Virginia 22183, Attention: PRA Comments—SAR–MSB Form. Comments also may be submitted by electronic mail to the following Internet address: regcomments@fincen.treas.gov, again with a caption, in the body of the text, ‘‘Attention: PRA Comments—SAR– MSB Form. Inspection of comments. Comments may be inspected, between 10 a.m. and 4 p.m., in the FinCEN reading room in Washington, DC. Persons wishing to inspect the comments submitted must request an appointment by telephoning (202) 354–6400. FOR FURTHER INFORMATION CONTACT: FinCEN Regulatory Policy and Programs Division, Forms Administration at (800) 949–2732. SUPPLEMENTARY INFORMATION: Title: Suspicious Activity Report by Money Services Businesses. DATES: E:\FR\FM\18APN1.SGM 18APN1 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices OMB Number: 1506–0015. Form Number: FinCEN Form 109 (Formerly TD F 90–22.56). 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, inter alia, 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 appear at 31 CFR part 103. The authority of the Secretary to administer the Bank Secrecy Act 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. 5318(g), to require financial institutions to report suspicious transactions. On March 14, 2000, FinCEN issued a final rule requiring certain categories of money services businesses, including money transmitters and issuers, sellers, and redeemers of money orders and traveler’s checks, to report suspicious transactions (65 FR 13683). The final rule can be found at 31 CFR 103.20. FinCEN amended the suspicious transaction reporting rule for Money Services Business’ by notice in the Federal Register dated February 10, 2003, (68 FR 6613), to also apply to currency dealers and exchangers. Currently, Money Services Business’ report suspicious activity by filing form TD F 90–22.56, which is being revised, as explained below. The information collected on the revised form is required to be provided pursuant to 31 U.S.C. 5318(g) and 31 CFR 103.20. This information will be made available, in accordance with 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 (USA PATRIOT ACT) Act of 2001 (the ‘‘USA Patriot Act’’), Pub. L. 107–56. VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 strict safeguards, to appropriate criminal law enforcement and regulatory personnel for use in official performance of their duties, for regulatory purposes, and in investigations and proceedings involving terrorist financing, domestic and international money laundering, tax violations, fraud, and other financial crimes. Suspicious activity reports required to be filed by Money Services Businesses under 31 CFR 103.20, and any suspicious activity reports filed by Money Services Businesses on a voluntary basis will be subject to the protection from liability contained in 31 U.S.C. 5318(g)(3) and the provision contained in 31 U.S.C. 5318(g)(2) which prohibits notification of any person involved in the transaction that a suspicious activity report has been filed. The draft revised Suspicious Activity Report-Money Services Business is presented only for purposes of soliciting public comment on the form. This form should not be used at this time to report suspicious activity. A final version of the form will be made available at a later date. Current Form TD F 90–22.56 is renumbered as FinCEN Form 109. After consulting law enforcement, FinCEN proposes to revise, simplify, and shorten the format as follows. This action will enhance the industry’s ease of completing the form while still obtaining critical information for law enforcement. Part I, Subject Information, item 17, vehicle license number, item 18 customer number, item 19 Occupation, item 20 Endorser name, item 21 bank account number of the endorser, and item 22 bank of first deposit have been deleted. Part II, Suspicious Instrument/ Money Transfer Information has been reformatted to delete the requirement to record and file with the SAR the serial numbers, traveler’s checks, and money transfer numbers. The current TD F 90– 22–56A, the continuation page, is removed from the Suspicious Activity Report reporting format. A new item in Part II has been added for reporting information about the purchase and redemption of monetary instruments. In addition, two new Part II items to record currency exchanger information have been included. Part IV, specific Law Enforcement Agency Information reporting has been deleted, although the PO 00000 Frm 00105 Fmt 4703 Sfmt 4703 20205 information can be included in Part VI, the Narrative. Finally, the instructions for completing the form have been revised and included as part of the draft. Type of Review: Revision of currently approved information collection. Affected public: Business or other forprofit institutions. Frequency: As required. Estimated Burden: Reporting average of 30 minutes per response. Estimated Number of Respondents: 20,000. Estimated Total Annual Responses: 200,000. Estimated Total Annual Burden Hours: 100,000 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 Office of Management and Budget control number. Records required to be retained under the Bank Secrecy Act 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 Office of Management and Budget 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. Dated: April 1, 2005. William J. Fox, Director, Financial Crimes Enforcement Network. Attachment: Suspicious Activity Report by Money Services Business BILLING CODE 4810–02–P E:\FR\FM\18APN1.SGM 18APN1 VerDate jul<14>2003 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 EN18AP05.000</GPH> 20206 VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 20207 EN18AP05.001</GPH> Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices VerDate jul<14>2003 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00108 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 EN18AP05.002</GPH> 20208 VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00109 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 20209 EN18AP05.003</GPH> Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices VerDate jul<14>2003 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00110 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 EN18AP05.004</GPH> 20210 VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 PO 00000 Frm 00111 Fmt 4703 Sfmt 4725 E:\FR\FM\18APN1.SGM 18APN1 20211 EN18AP05.005</GPH> Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices 20212 Federal Register / Vol. 70, No. 73 / Monday, April 18, 2005 / Notices [FR Doc. 05–7611 Filed 4–15–05; 8:45 am] BILLING CODE 4810–02–C DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Information Collection; Submission for OMB Review; Comment Request Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Submission for OMB review; Comment request. AGENCY: SUMMARY: The OCC, 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 a continuing information collection, as required by the Paperwork Reduction Act of 1995. The OCC may not conduct or sponsor, and a respondent is not required to respond to an information collection that has been extended, revised, or implemented unless it displays a currently valid OMB control number. Currently, the OCC is soliciting comments concerning extension of an information collection titled (MA)-Loans in Areas Having Special Flood Hazards (12 CFR 22). The OCC also gives notice that it has sent the information collection to the Office of Management and Budget (OMB) for review. DATES: Comments are due by: May 18, 2005. ADDRESSES: You should direct all written comments to the Communications Division, Office of the Comptroller of the Currency, Public Information Room, Mailstop 1–5, Attention: 1557–0202, 250 E Street, SW., Washington, DC 20219. In addition, comments may be sent by fax to (202) 874–4448, or by electronic mail to regs.comments@occ.treas.gov. You can inspect and photocopy the comments at the OCC’s Public Information Room, 250 E Street, SW., Washington, DC 20219. You can make an appointment to inspect the comments by calling (202) 874–5043. Additionally, you should send a copy of your comments to Mark Menchik, OMB Desk Officer, 1557–0202, Office of Management and Budget, New Executive Office Building, Room 3208, Washington, DC 20503. Electronic mail address is mmenchik@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: You can request additional information, a copy of the collection, or a copy of OCC’s submission to OMB by contacting Mary Gottlieb or Camille Dixon, (202) VerDate jul<14>2003 16:08 Apr 15, 2005 Jkt 205001 874–5090, Legislative and Regulatory Activities Division (1557–0202), Office of the Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC received no comments in response to its first Paperwork Reduction Act renewal notice regarding this information collection which was published in the Federal Register (70 FR 3769) on January 26, 2005. Title: (MA)-Loans in Areas Having Special Flood Hazards (12 CFR 22). OMB Number: 1557–0202. Form Number: None. Abstract: This information collection covers an existing regulation and involves no change to the regulation or the information collection. The OCC requests only that OMB renew its approval of the information collection in the current regulation. The regulation requires national banks to make disclosures and keep records regarding whether a property securing a loan is located in a special flood hazard area. This information collection is required by section 303(a) and title V of the Riegle Community Development and Regulatory Improvement Act, Pub. L. 103–325, title V, 108 Stat. 2160, the National Flood Insurance Reform Act of 1994 amendments to the National Flood Insurance Act of 1968 (12 U.S.C. 4104a and 4104b) and the Flood Disaster Protection Act of 1973 (12 U.S.C. 4012a and 4106(b)), and by OCC regulations implementing those statutes located at 12 CFR 22.6, 22.7, 22.9, and 22.10. The information collections are as follows: 12 CFR 22.6 requires a national bank to use and maintain a copy of the Standard Flood Hazard Determination Form developed by FEMA. 12 CFR 22.7 requires a national bank or its loan servicer, if a borrower has not obtained adequate flood insurance, to notify the borrower to obtain adequate flood insurance or the bank or servicer will purchase flood insurance on the borrower’s behalf. 12 CFR 22.9 requires a national bank making a loan secured by a building or a mobile home to advise the borrower and the loan servicer that the property is, or is not, located in a special flood hazard area, if flood insurance is available under the National Flood Insurance Program, and if Federal disaster relief may be available in the event of flooding. The bank must maintain a record of the borrower’s and loan servicer’s receipts of these notices. 12 CFR 22.10 requires a national bank making a loan secured by a building or a mobile home located in a special flood hazard area to notify FEMA of the PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 identity of the servicer, and of any change in servicers. These information collections ensure bank compliance with applicable Federal law, further bank safety and soundness, provide protections for banks and the public, and further public policy interests. Type of Review: Renewal of OMB approval without change. Affected Public: Businesses or other for-profit. Number of Respondents: 2,300. Total Annual Responses: 230,000. Frequency of Response: On occasion. Total Annual Burden Hours: 58,650. Comments: 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 on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information. Stuart Feldstein, Assistant Director, Legislative & Regulatory Activities Division. [FR Doc. 05–7614 Filed 4–17–05; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Public Meeting of the President’s Advisory Panel on Federal Tax Reform Department of the Treasury. ACTION: Notice of meeting. AGENCY: SUMMARY: This notice advises all interested persons of the location of the April 18, 2005, public meeting of the President’s Advisory Panel on Federal Tax Reform. This meeting was previously announced in 70 FR 18067 (April 8, 2005). DATES: The meeting will be held on Monday, April 18, 2005, in Adelphi, Maryland, and will begin at 12:30 p.m. ADDRESSES: The meeting will be held at the Inn and Conference Center, University of Maryland University E:\FR\FM\18APN1.SGM 18APN1

Agencies

[Federal Register Volume 70, Number 73 (Monday, April 18, 2005)]
[Notices]
[Pages 20204-20212]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-7611]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Collection; Comment Request; Suspicious Activity Report 
by Money Services Businesses

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

ACTION: Notice and request for comments.

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

SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, FinCEN invites comment on a proposed information 
collection contained in a revised form, Suspicious Activity Report by 
Money Services Businesses, FinCEN Form 109 (formerly Form TD F 90-
22.56). The form will be used by money transmitters, issuers, sellers, 
and redeemers of money orders and traveler's checks, and currency 
dealers and exchangers to report suspicious activity to the Department 
of the Treasury. This request for comments is being made pursuant to 
the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 
3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
June 17, 2005.

ADDRESSES: Written comments should be submitted to: Office of Chief 
Counsel, Financial Crimes Enforcement Network, Department of the 
Treasury, P.O. Box 39, Vienna, Virginia 22183, Attention: PRA 
Comments--SAR-MSB Form. Comments also may be submitted by electronic 
mail to the following Internet address: regcomments@fincen.treas.gov, 
again with a caption, in the body of the text, ``Attention: PRA 
Comments--SAR-MSB Form.
    Inspection of comments. Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Washington, DC. Persons 
wishing to inspect the comments submitted must request an appointment 
by telephoning (202) 354-6400.

FOR FURTHER INFORMATION CONTACT: FinCEN Regulatory Policy and Programs 
Division, Forms Administration at (800) 949-2732.

SUPPLEMENTARY INFORMATION:
    Title: Suspicious Activity Report by Money Services Businesses.

[[Page 20205]]

    OMB Number: 1506-0015.
    Form Number: FinCEN Form 109 (Formerly TD F 90-22.56).
    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, inter alia, 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 appear at 31 CFR part 103. The authority of the Secretary to 
administer the Bank Secrecy Act 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 (USA PATRIOT ACT) Act of 2001 (the 
``USA Patriot Act''), Pub. L. 107-56.
---------------------------------------------------------------------------

    The Secretary of the Treasury was granted authority in 1992, with 
the enactment of 31 U.S.C. 5318(g), to require financial institutions 
to report suspicious transactions. On March 14, 2000, FinCEN issued a 
final rule requiring certain categories of money services businesses, 
including money transmitters and issuers, sellers, and redeemers of 
money orders and traveler's checks, to report suspicious transactions 
(65 FR 13683). The final rule can be found at 31 CFR 103.20. FinCEN 
amended the suspicious transaction reporting rule for Money Services 
Business' by notice in the Federal Register dated February 10, 2003, 
(68 FR 6613), to also apply to currency dealers and exchangers. 
Currently, Money Services Business' report suspicious activity by 
filing form TD F 90-22.56, which is being revised, as explained below.
    The information collected on the revised form is required to be 
provided pursuant to 31 U.S.C. 5318(g) and 31 CFR 103.20. This 
information will be made available, in accordance with strict 
safeguards, to appropriate criminal law enforcement and regulatory 
personnel for use in official performance of their duties, for 
regulatory purposes, and in investigations and proceedings involving 
terrorist financing, domestic and international money laundering, tax 
violations, fraud, and other financial crimes.
    Suspicious activity reports required to be filed by Money Services 
Businesses under 31 CFR 103.20, and any suspicious activity reports 
filed by Money Services Businesses on a voluntary basis will be subject 
to the protection from liability contained in 31 U.S.C. 5318(g)(3) and 
the provision contained in 31 U.S.C. 5318(g)(2) which prohibits 
notification of any person involved in the transaction that a 
suspicious activity report has been filed.
    The draft revised Suspicious Activity Report-Money Services 
Business is presented only for purposes of soliciting public comment on 
the form. This form should not be used at this time to report 
suspicious activity. A final version of the form will be made available 
at a later date. Current Form TD F 90-22.56 is renumbered as FinCEN 
Form 109. After consulting law enforcement, FinCEN proposes to revise, 
simplify, and shorten the format as follows. This action will enhance 
the industry's ease of completing the form while still obtaining 
critical information for law enforcement. Part I, Subject Information, 
item 17, vehicle license number, item 18 customer number, item 19 
Occupation, item 20 Endorser name, item 21 bank account number of the 
endorser, and item 22 bank of first deposit have been deleted. Part II, 
Suspicious Instrument/Money Transfer Information has been reformatted 
to delete the requirement to record and file with the SAR the serial 
numbers, traveler's checks, and money transfer numbers. The current TD 
F 90-22-56A, the continuation page, is removed from the Suspicious 
Activity Report reporting format. A new item in Part II has been added 
for reporting information about the purchase and redemption of monetary 
instruments. In addition, two new Part II items to record currency 
exchanger information have been included. Part IV, specific Law 
Enforcement Agency Information reporting has been deleted, although the 
information can be included in Part VI, the Narrative. Finally, the 
instructions for completing the form have been revised and included as 
part of the draft.
    Type of Review: Revision of currently approved information 
collection.
    Affected public: Business or other for-profit institutions.
    Frequency: As required.
    Estimated Burden: Reporting average of 30 minutes per response.
    Estimated Number of Respondents: 20,000.
    Estimated Total Annual Responses: 200,000.
    Estimated Total Annual Burden Hours: 100,000 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 Office of Management and Budget control 
number. Records required to be retained under the Bank Secrecy Act 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 Office of 
Management and Budget 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.

    Dated: April 1, 2005.
William J. Fox,
Director, Financial Crimes Enforcement Network.

Attachment: Suspicious Activity Report by Money Services Business

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[FR Doc. 05-7611 Filed 4-15-05; 8:45 am]
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