Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign Accounts, 47346-47347 [2010-19197]

Download as PDF 47346 Federal Register / Vol. 75, No. 150 / Thursday, August 5, 2010 / Notices Estimated Total Burden Hours: 5,141 hours. DO Clearance Officer: Sara Clary, Domestic Finance (TRIP), 1425 New York Avenue, NW., Room 2101, Washington, DC 20220; (202) 622–7814. OMB Reviewer: Shagufta Ahmed, Office of Management and Budget, New Executive Office Building, Room 10235, Washington, DC 20503; (202) 395–7873. Celina Elphage, Treasury PRA Clearance Officer. BILLING CODE 4810–25–P DEPARTMENT OF THE TREASURY Draft Strategic Plan for FY 2010–2015 United States Department of the Treasury. ACTION: Notice: Request for comments. AGENCY: This notice announces that the United States Department of the Treasury draft strategic plan for fiscal years 2010–2015 is available for public review and comment. The Government Performance and Results Act of 1993 (GPRA) requires Federal agencies to establish a strategic plan covering not less than five years, and to solicit the views and suggestions of those entities potentially affected by or interested in the plan. The plan identifies the Department’s vision, mission, goals, outcomes, strategies, measures and priorities of the administration. The Treasury Department’s current plan (fiscal years 2007–2012) may be viewed on the Treasury Web site at http:// www.treas.gov/offices/management/ budget/strategic-plan/2007–2012/ strategic-plan2007–2012.pdf. The revised fiscal year 2010–2015 plan may be viewed at http://www.ustreas.gov/ offices/management/budget/strategicplan/. DATES: Written comments are requested by close of business on August 13, 2010. ADDRESSES: Written comments should be sent by electronic mail message over the Internet addressed to http:// www.ustreas.gov/offices/management/ budget/strategic-plan/ and by clicking on the comment link. Comments may also be submitted by mail addressed to the Treasury Department. Please see the supplementary information below. Although comments may be submitted by mail, submission via e-mail to the above address is preferable. The written comments will be available for public inspection at the address shown in the supplementary information, and will be available via the Treasury Internet Web site (address: http://www.treas.gov). mstockstill on DSKH9S0YB1PROD with NOTICES SUMMARY: 17:52 Aug 04, 2010 FOR FURTHER INFORMATION CONTACT: Maylin Jue, United States Department of the Treasury, by telephone at 202–622– 6697. Jkt 220001 FOR FURTHER INFORMATION CONTACT: Elaine Christophe, or 202–622–3179 (not a toll free number). SUPPLEMENTARY INFORMATION: Background The notice and request for comments that is the subject of this correction is required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). The Government Performance and Results Act requires Federal agencies to establish a strategic plan covering not less than a five-year period, and to solicit the views and suggestions of those entities potentially affected by or interested in the plan. This notice is to alert the Treasury Department’s stakeholders and the public as to how they can provide input on the draft strategic plan. The draft strategic plan for fiscal years 2010– 2015 is available on the Treasury Web site at http:// www.treas.gov. Written comments may be sent to: The Department of the Treasury, Metropolitan Square Building, Room 6B301, 655 15th Street, Washington, DC 20220, Attention: Maylin Jue. The Treasury Department would like to receive input from a wide range of organizations (both national and international), public bodies, and other stakeholders. The Department of the Treasury anticipates posting the final strategic plan for FY 2010–2015 on our Web site by the end of fiscal year 2010. Need for Correction Dated: July 30, 2010. Martin R. Melone, Director, Strategic Planning and Performance Management, United States Department of the Treasury. Financial Crimes Enforcement Network SUPPLEMENTARY INFORMATION: [FR Doc. 2010–19318 Filed 8–4–10; 8:45 am] VerDate Mar<15>2010 Because comments will be made available for public inspection, information that is not desired to be made public, such as an address or phone number or other personally identifiable information, should not be included. [FR Doc. 2010–19192 Filed 8–4–10; 8:45 am] BILLING CODE 4810–25–P As published, the notice and request for comments on regulation 209619–93 contains an error that may prove to be misleading and is in need of clarification. Correction of Publication Accordingly, the notice and request for comments on regulation 209619–93, that was the subject of FR Doc. 2010– 17870, is corrected as follows: On Page 42827, column 1, under the caption DATES, lines 2 and 3, the language ‘‘received on or before November 16, 2007 to be assured for consideration.’’ is corrected to read ‘‘received on or before September 20, 2010 to be assured for consideration.’’ LaNita VanDyke, Chief, Publications and Regulations Branch, Legal Processing Division, Associate Chief Counsel (Procedure and Administration). [FR Doc. 2010–19171 Filed 8–4–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Special Due Diligence Programs for Certain Foreign Accounts Financial Crimes Enforcement Network, Treasury. ACTION: Notice and request for comments. AGENCY: DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation 209619–93; Correction Internal Revenue Service (IRS), Treasury. AGENCY: Correction to a notice and request for comments. ACTION: This document contains corrections to a notice and request for comments on an existing proposed rulemaking, REG–209619–03, that was published in the Federal Register on Thursday, July 22, 2010 (75 FR 42827). SUMMARY: PO 00000 Frm 00089 Fmt 4703 Sfmt 4703 As part of our continuing effort to reduce paperwork and respondent burden, we invite comment on a proposed renewal, without change, to an information collection found in existing regulations requiring U.S. financial institutions to establish due diligence policies, procedures, and controls reasonably designed to detect and report money laundering through correspondent accounts and private banking accounts that U.S. financial institutions establish or maintain for non-U.S. persons. This request for comments is being made pursuant to the SUMMARY: E:\FR\FM\05AUN1.SGM 05AUN1 Federal Register / Vol. 75, No. 150 / Thursday, August 5, 2010 / Notices mstockstill on DSKH9S0YB1PROD with NOTICES 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 4, 2010. ADDRESSES: Written comments should be submitted to: Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comments on Anti-Money Laundering Program and Special Due Diligence Programs for Certain Foreign Accounts. 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: Comments on Anti-Money Laundering Program and Special Due Diligence Programs for Certain Foreign Accounts.’’ FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, Regulatory Policy and Programs Division at (800) 949–2732, option 6. SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial Crimes Enforcement Network is the delegated administrator of the Bank Secrecy Act. The Act authorizes the Director to issue regulations to require all financial institutions defined as such in the Act to maintain or file certain reports or records that have been determined to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism, and to implement anti-money laundering programs and compliance procedures.1 The regulations implementing section 5318(i)(2) of the Act are found in part at 31 CFR 103.176 . In general, the regulations require financial institutions, as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 103.11, to establish, document, and maintain antimoney laundering programs as an aid in protecting and securing the U.S. financial system. Title: Anti-money laundering programs and Special Due Diligence Programs for Certain Foreign Accounts (31 CFR 103.176). Office of Management and Budget Control Number: 1506–0046. 1 Public Law 91–508, as amended and codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959 and 31 U.S.C. 5311–5332. Language expanding the scope of the Bank Secrecy Act to intelligence or counterintelligence 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. VerDate Mar<15>2010 17:52 Aug 04, 2010 Jkt 220001 Abstract The Financial Crimes Enforcement Network is renewing, without change, the Bank Secrecy Act regulation (31 CFR 103.176) that implements section 5318(i)(2) of title 31, United States Code, as added by section 312 of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, which requires U.S. financial institutions to conduct enhanced due diligence with regard to correspondent accounts established, maintained, administered, or managed for certain types of foreign banks. Current Action: Renewal without change to existing regulations. Type of Review: Extension of a currently approved information collection. Affected Public: Business and other for-profit institutions. Burden: Estimated Number of Respondents: 28,163. Estimated Number of Responses: 28,163 Estimated Number of Hours: 56,326. (Two hours per response). 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: July 23, 2010. James H. Freis, Jr., Director, Financial Crimes Enforcement Network. [FR Doc. 2010–19197 Filed 8–4–10; 8:45 am] BILLING CODE 4810–02–P PO 00000 47347 DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Tax Forms and Publications/MLI Project Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: An open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications/MLI Project Committee will be conducted. The Taxpayer Advocacy Panel is soliciting public comments, ideas and suggestions on improving customer service at the Internal Revenue Service. DATES: The meeting will be held Thursday, September 9, 2010. FOR FURTHER INFORMATION CONTACT: Marisa Knispel at 1–888–912–1227 or 718–488–3557. 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 an open meeting of the Taxpayer Advocacy Panel Tax Forms and Publications/MLI Project Committee will be held Thursday, September 9, 2010, at 1 p.m., Eastern Time via telephone conference. The public is invited to make oral comments or submit written statements for consideration. Due to limited conference lines, notification of intent to participate must be made with Marisa Knispel. For more information, please contact Ms. Knispel at 1–888–912–1227 or 718–488–3557, or write TAP Office, 10 MetroTech Center, 625 Fulton Street, Brooklyn, NY 11201, or post comments to the Web site: http:// www.improveirs.org. The agenda will include various IRS issues. SUMMARY: Dated: July 30, 2010. Shawn F. Collins, Director, Taxpayer Advocacy Panel. [FR Doc. 2010–19174 Filed 8–4–10; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panel Joint Committee Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: An open meeting of the Taxpayer Advocacy Panel Joint SUMMARY: Frm 00090 Fmt 4703 Sfmt 4703 E:\FR\FM\05AUN1.SGM 05AUN1

Agencies

[Federal Register Volume 75, Number 150 (Thursday, August 5, 2010)]
[Notices]
[Pages 47346-47347]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-19197]


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

DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Renewal Without Change; Comment Request; Anti-Money 
Laundering Programs; Special Due Diligence Programs for Certain Foreign 
Accounts

AGENCY: Financial Crimes Enforcement Network, Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: As part of our continuing effort to reduce paperwork and 
respondent burden, we invite comment on a proposed renewal, without 
change, to an information collection found in existing regulations 
requiring U.S. financial institutions to establish due diligence 
policies, procedures, and controls reasonably designed to detect and 
report money laundering through correspondent accounts and private 
banking accounts that U.S. financial institutions establish or maintain 
for non-U.S. persons. This request for comments is being made pursuant 
to the

[[Page 47347]]

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 4, 2010.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comments 
on Anti-Money Laundering Program and Special Due Diligence Programs for 
Certain Foreign Accounts. 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: Comments on Anti-
Money Laundering Program and Special Due Diligence Programs for Certain 
Foreign Accounts.''

FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, 
Regulatory Policy and Programs Division at (800) 949-2732, option 6.

SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial 
Crimes Enforcement Network is the delegated administrator of the Bank 
Secrecy Act. The Act authorizes the Director to issue regulations to 
require all financial institutions defined as such in the Act to 
maintain or file certain reports or records that have been determined 
to have a high degree of usefulness in criminal, tax, or regulatory 
investigations or proceedings, or in the conduct of intelligence or 
counter-intelligence activities, including analysis, to protect against 
international terrorism, and to implement anti-money laundering 
programs and compliance procedures.\1\
---------------------------------------------------------------------------

    \1\ Public Law 91-508, as amended and codified at 12 U.S.C. 
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. 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.
---------------------------------------------------------------------------

    The regulations implementing section 5318(i)(2) of the Act are 
found in part at 31 CFR 103.176 . In general, the regulations require 
financial institutions, as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 
103.11, to establish, document, and maintain anti-money laundering 
programs as an aid in protecting and securing the U.S. financial 
system.
    Title: Anti-money laundering programs and Special Due Diligence 
Programs for Certain Foreign Accounts (31 CFR 103.176).
    Office of Management and Budget Control Number: 1506-0046.
    Abstract The Financial Crimes Enforcement Network is renewing, 
without change, the Bank Secrecy Act regulation (31 CFR 103.176) that 
implements section 5318(i)(2) of title 31, United States Code, as added 
by section 312 of the Uniting and Strengthening America by Providing 
Appropriate Tools Required to Intercept and Obstruct Terrorism (USA 
PATRIOT) Act of 2001, which requires U.S. financial institutions to 
conduct enhanced due diligence with regard to correspondent accounts 
established, maintained, administered, or managed for certain types of 
foreign banks.
    Current Action: Renewal without change to existing regulations.
    Type of Review: Extension of a currently approved information 
collection.
    Affected Public: Business and other for-profit institutions.
    Burden: Estimated Number of Respondents: 28,163.
    Estimated Number of Responses: 28,163
    Estimated Number of Hours: 56,326. (Two hours per response).
    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: July 23, 2010.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2010-19197 Filed 8-4-10; 8:45 am]
BILLING CODE 4810-02-P