Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Currency Transaction Report by Casinos-Nevada, 44351-44352 [E6-12583]

Download as PDF Federal Register / Vol. 71, No. 150 / Friday, August 4, 2006 / Notices Pursuant to the provisions of 49 CFR 1152.29(e)(2), BNSF shall file a notice of consummation with the Board to signify that it has exercised the authority granted and fully abandoned the line. If consummation has not been effected by BNSF’s filing of a notice of consummation by August 4, 2007, and there are no legal or regulatory barriers to consummation, the authority to abandon will automatically expire. Board decisions and notices are available on our Web site at https:// www.stb.dot.gov. Decided: August 1, 2006. By the Board, David M. Konschnik, Director, Office of Proceedings. Vernon A. Williams, Secretary. [FR Doc. E6–12733 Filed 8–3–06; 8:45 am] BILLING CODE 4915–01–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network; Proposed Collection; Comment Request; Currency Transaction Report by Casinos— Nevada Department of the Treasury, Financial Crimes Enforcement Network. ACTION: Notice and request for comments. gechino on PROD1PC61 with NOTICES AGENCY: SUMMARY: As part of its continuing effort to reduce paperwork and respondent burden, the Financial Crimes Enforcement Network invites comment on a proposed extension, without change, of an existing information collection requirement contained in the form ‘‘Currency Transaction Report by Casinos—Nevada, FinCEN Form 103– N.’’ 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 October 3, 2006. ADDRESSES: Written comments should be submitted to: Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, VA 22183, Attention: Paperwork Reduction Act Comments—Currency Transaction Report by Casinos—Nevada Form. Comments also may be submitted by electronic mail to the following Internet address: regcomments@fincen.gov, again with a caption, in the body of the text, ‘‘Attention: Paperwork Reduction Act Comments—Currency Transaction Report by Casinos—Nevada Form.’’ Inspection of comments. Comments may be inspected, between 10 a.m. and VerDate Aug<31>2005 22:39 Aug 03, 2006 Jkt 208001 4 p.m., in the Financial Crimes Enforcement Network reading room in Washington, DC. Persons wishing to inspect the comments submitted must request an appointment by telephoning (202) 354–6400 (not a toll free number). FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, Regulatory Policy and Programs Division at (800) 949–2732. SUPPLEMENTARY INFORMATION: Title: Currency Transaction Report by Casinos—Nevada. OMB Number: 1506–0003. Form Number: FinCEN Form 103–N. 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 of the Treasury to administer the Bank Secrecy Act has been delegated to the Director of the Financial Crimes Enforcement Network. Section 5313(a) of the Bank Secrecy Act authorizes the Secretary of the Treasury to issue regulations that require a report when ‘‘a domestic financial institution is involved in a transaction for the payment, receipt, or transfer of United States coins or currency (or other monetary instruments the Secretary of the Treasury prescribes), in an amount, denomination, or amount and denomination, or under circumstances the Secretary prescribes by regulation * * *’’ Regulations implementing section 5313(a) are found at 31 CFR 103.22. In general, the regulations require the reporting of transactions in currency in excess of $10,000 a day. Casinos, as defined in 31 U.S.C. 5312(a)(2)(X) and 31 CFR 103.11(n)(5)(i), are financial institutions subject to the currency transaction reporting requirement. (See 63 FR 1919, January 13, 1998.) The Currency 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 of 2001, Public Law 107–56. PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 44351 Transaction Report by Casinos— Nevada, FinCEN Form 103–N, is the form that casinos in Nevada use to comply with the currency transaction reporting requirements. All Nevada casinos having gross annual gaming revenues in excess of $10 million and having annual table games statistical win in excess of $2 million, or having actual or projected annual gross gaming revenue in excess of $1 million that the Chairman of the Nevada Gaming Control Commission directs to do so, are required to file Currency Transaction Report by Casinos—Nevada, FinCEN Form 103–N, pursuant to Nevada Gaming Commission Regulation 6A (‘‘Regulation 6A’’), entitled ‘‘Cash Transactions Prohibitions, Reporting, and Recordkeeping.’’ Nevada casinos comply with Regulation 6A in lieu of 31 U.S.C. 5313(a) and 31 CFR 103.22 based upon an exemption granted to the state of Nevada by the Department of the Treasury. The Currency Transaction Report by Casinos—Nevada is available for review on the Financial Crimes Enforcement Web site at https://www.fincen.gov/ forms/fin103n_ctrc-n.pdf. Type of Review: Extension, without change, of an approved information collection. Affected Public: Business or other forprofit institutions. Frequency: As required. Estimated Burden: Reporting average of 19 minutes per response. Form recordkeeping average of 5 minutes per response, for a total of 24 minutes. Estimated Number of Respondents: 115. Estimated Total Annual Responses: 137,000. Estimated Total Annual Burden Hours: 54,800. 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 E:\FR\FM\04AUN1.SGM 04AUN1 44352 Federal Register / Vol. 71, No. 150 / Friday, August 4, 2006 / Notices 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: July 28, 2006. Robert W. Werner, Director, Financial Crimes Enforcement Network. [FR Doc. E6–12583 Filed 8–3–06; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY United States Mint Notification of Call for Artists To Apply for the United States Mint’s Artistic Infusion Program gechino on PROD1PC61 with NOTICES Summary: The United States Mint is accepting applications from professional artists to fill up to ten new Associate Designer positions in its Artistic Infusion Program to help design United States coins and medals. The Artistic Infusion Program was created in 2003 to VerDate Aug<31>2005 22:39 Aug 03, 2006 Jkt 208001 enrich and invigorate the design of United States coins and medals by developing a pool of professional artists (Master & Associate Designers) and college and graduate-level art students (Student Designers) in visual arts who will be invited to create and submit new designs for selected coin and medal programs throughout the year. The United States Mint encourages applications from talented artists, representing diverse backgrounds and a variety of interests reflecting those of the American people, who will look at coin design in new ways. Artists selected to participate in the program will be paid an established fee for their work, and those whose designs are used for certain coins and medals will be named as the designer in historical documents, including certificates of authenticity and promotional materials. Most important, the program provides the nation’s most gifted artists with the opportunity to contribute beautiful designs to coins that will be enjoyed by all Americans. An orientation session and designer symposium will be held for artists selected to participate in the program (attending at the United States Mint’s expense) at the United States Mint at Philadelphia in early 2007. This session’s purpose will be to inform PO 00000 Frm 00099 Fmt 4703 Sfmt 4703 selected artists about the history of United States coin and medal design, the coin making process and upcoming design opportunities. Please Note: At this time, the Artistic Infusion Program is limited to coin and medal design (i.e., drawings) and does not encompass the execution (sculpting and engraving) of designs. The United States Mint Sculptor-Engravers will model designs created by the Artistic Infusion Program artists. Application Deadline: September 15, 2006. How to Apply: Artists who are U.S. citizens should submit a completed Application Packet which includes program details, eligibility requirements, evaluation criteria and detailed application guidelines. The packet is available on the United States Mint’s Web site at https:// www.usmint.gov or by contacting the United States Mint at (202) 354–7727 or art@usmint.treas.gov. The application includes the submission of a drawing exercise as well as samples of the applicant’s work. Dated: July 31, 2006. Jerry Horton, Acting Director, United States Mint. [FR Doc. E6–12581 Filed 8–3–06; 8:45 am] BILLING CODE 4810–37–P E:\FR\FM\04AUN1.SGM 04AUN1

Agencies

[Federal Register Volume 71, Number 150 (Friday, August 4, 2006)]
[Notices]
[Pages 44351-44352]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E6-12583]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Collection; 
Comment Request; Currency Transaction Report by Casinos--Nevada

AGENCY: Department of the Treasury, Financial Crimes Enforcement 
Network.

ACTION: Notice and request for comments.

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

SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, the Financial Crimes Enforcement Network invites 
comment on a proposed extension, without change, of an existing 
information collection requirement contained in the form ``Currency 
Transaction Report by Casinos--Nevada, FinCEN Form 103-N.'' 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 
October 3, 2006.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, 
VA 22183, Attention: Paperwork Reduction Act Comments--Currency 
Transaction Report by Casinos--Nevada Form. Comments also may be 
submitted by electronic mail to the following Internet address: 
regcomments@fincen.gov, again with a caption, in the body of the text, 
``Attention: Paperwork Reduction Act Comments--Currency Transaction 
Report by Casinos--Nevada Form.''
    Inspection of comments. Comments may be inspected, between 10 a.m. 
and 4 p.m., in the Financial Crimes Enforcement Network reading room in 
Washington, DC. Persons wishing to inspect the comments submitted must 
request an appointment by telephoning (202) 354-6400 (not a toll free 
number).

FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, 
Regulatory Policy and Programs Division at (800) 949-2732.

SUPPLEMENTARY INFORMATION:
    Title: Currency Transaction Report by Casinos--Nevada.
    OMB Number: 1506-0003.
    Form Number: FinCEN Form 103-N.
    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 of the 
Treasury to administer the Bank Secrecy Act has been delegated to the 
Director of the Financial Crimes Enforcement Network.
---------------------------------------------------------------------------

    \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 of 2001, Public 
Law 107-56.
---------------------------------------------------------------------------

    Section 5313(a) of the Bank Secrecy Act authorizes the Secretary of 
the Treasury to issue regulations that require a report when ``a 
domestic financial institution is involved in a transaction for the 
payment, receipt, or transfer of United States coins or currency (or 
other monetary instruments the Secretary of the Treasury prescribes), 
in an amount, denomination, or amount and denomination, or under 
circumstances the Secretary prescribes by regulation * * *'' 
Regulations implementing section 5313(a) are found at 31 CFR 103.22. In 
general, the regulations require the reporting of transactions in 
currency in excess of $10,000 a day. Casinos, as defined in 31 U.S.C. 
5312(a)(2)(X) and 31 CFR 103.11(n)(5)(i), are financial institutions 
subject to the currency transaction reporting requirement. (See 63 FR 
1919, January 13, 1998.) The Currency Transaction Report by Casinos--
Nevada, FinCEN Form 103-N, is the form that casinos in Nevada use to 
comply with the currency transaction reporting requirements. All Nevada 
casinos having gross annual gaming revenues in excess of $10 million 
and having annual table games statistical win in excess of $2 million, 
or having actual or projected annual gross gaming revenue in excess of 
$1 million that the Chairman of the Nevada Gaming Control Commission 
directs to do so, are required to file Currency Transaction Report by 
Casinos--Nevada, FinCEN Form 103-N, pursuant to Nevada Gaming 
Commission Regulation 6A (``Regulation 6A''), entitled ``Cash 
Transactions Prohibitions, Reporting, and Recordkeeping.'' Nevada 
casinos comply with Regulation 6A in lieu of 31 U.S.C. 5313(a) and 31 
CFR 103.22 based upon an exemption granted to the state of Nevada by 
the Department of the Treasury.
    The Currency Transaction Report by Casinos--Nevada is available for 
review on the Financial Crimes Enforcement Web site at https://
www.fincen.gov/forms/fin103n_ctrc-n.pdf.
    Type of Review: Extension, without change, of an approved 
information collection.
    Affected Public: Business or other for-profit institutions.
    Frequency: As required.
    Estimated Burden: Reporting average of 19 minutes per response. 
Form recordkeeping average of 5 minutes per response, for a total of 24 
minutes.
    Estimated Number of Respondents: 115.
    Estimated Total Annual Responses: 137,000.
    Estimated Total Annual Burden Hours: 54,800.
    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

[[Page 44352]]

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: July 28, 2006.
Robert W. Werner,
Director, Financial Crimes Enforcement Network.
 [FR Doc. E6-12583 Filed 8-3-06; 8:45 am]
BILLING CODE 4810-02-P
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