Information Collection Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Due Diligence Programs for Correspondent Accounts for Foreign Financial Institutions, 65764-65765 [2013-25840]
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65764
Federal Register / Vol. 78, No. 212 / Friday, November 1, 2013 / Notices
Estimated Number of Respondents:
3,831.
Estimated Total Annual Responses:
3,831.
Frequency of Response: On occasion.
Estimated Total Annual Burden:
12,174 hours.
The OCC issued a notice concerning
this collection for 60 days of comment
on August 19, 2013 (78 FR 50491). No
comments were received. Comments
continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has 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.
Dated: October 28, 2013.
Stuart E. Feldstein,
Director, Legislative and Regulatory Activities
Division.
[FR Doc. 2013–26199 Filed 10–31–13; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Information Collection Proposed
Renewal Without Change; Comment
Request; Anti-Money Laundering
Programs; Due Diligence Programs for
Correspondent Accounts for Foreign
Financial Institutions
Financial Crimes Enforcement
Network, Department of the Treasury.
ACTION: Request for comments.
AGENCY:
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 that U.S.
financial institutions establish or
maintain for certain foreign financial
institutions. This request for comments
emcdonald on DSK67QTVN1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
17:40 Oct 31, 2013
Jkt 232001
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
December 31, 2013.
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 Due Diligence Programs for
Correspondent Accounts for Foreign
Financial Institutions. 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 Due Diligence
Programs for Correspondent Accounts
for Foreign Financial Institutions.’’
Inspection of comments: Comments
may be inspected, between 10 a.m. and
4 p.m., in the FinCEN reading room in
Vienna, VA. Persons wishing to inspect
the comments submitted must request
an appointment with the Disclosure
Officer by telephoning (703) 905–5034
(not a toll free call).
FOR FURTHER INFORMATION CONTACT:
Financial Crimes Enforcement Network,
Policy Division at (800) 949–2732, select
option 6.
SUPPLEMENTARY INFORMATION:
Abstract: The Director of the
Financial Crimes Enforcement Network
(‘‘FinCEN’’) is the delegated
administrator of the Bank Secrecy Act
(‘‘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
Title: Anti-Money Laundering
Programs and Due Diligence Programs
for Correspondent Accounts for Foreign
Financial Institutions (31 CFR
1010.610).
1 Pub. L. 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.
PO 00000
Frm 00160
Fmt 4703
Sfmt 4703
Office of Management and Budget
Control Number: 1506–0046.
Abstract: FinCEN is renewing,
without change, the regulation
implementing section 5318(i)(1) and (2)
of the Act, found at 31 CFR 1010.610.
In general, the regulation requires
financial institutions, as defined in 31
U.S.C. 5312(a)(2) and 31 CFR 1010.100
to establish due diligence and, in some
circumstances, enhanced due diligence
policies, procedures, and controls
reasonably designed to detect and report
money laundering through
correspondent accounts that covered
U.S. financial institutions establish or
maintain for certain foreign financial
institutions.
Current Action: Renewal without
change to existing regulations.
Type of Review: Extension of a
currently approved information
collection.
Affected Public: Businesses and other
for-profit institutions.
Burden: Estimated Number of
Respondents: 22,197.2
Estimated Number of Responses:
22,197.
Estimated Number of Hours: 44,394.
(Two hours per response).
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid control
number assigned by the Office of
Management and Budget (‘‘OMB’’).
Records required to be retained under
the BSA must be retained for five years.
Generally, information collected
pursuant to the BSA is confidential but
may be shared as provided by law with
regulatory and law enforcement
authorities.
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
2 This number includes depository institutions
(14,087), broker-dealers in securities (5,100), future
commission merchants (101), introducing brokers
in commodities (1,249), and open end mutual funds
(1,660), each as defined under the BSA.
E:\FR\FM\01NON1.SGM
01NON1
Federal Register / Vol. 78, No. 212 / Friday, November 1, 2013 / Notices
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance and purchase of services to
provide information.
Dated: October 21, 2013.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2013–25840 Filed 10–31–13; 8:45 am]
BILLING CODE 4810–2P–P
DEPARTMENT OF VETERANS
AFFAIRS
National Academic Affiliations Council
Notice of Meeting
emcdonald on DSK67QTVN1PROD with NOTICES
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee Act, 5 U.S.C. App.
2, that a meeting of the National
Academic Affiliations Council (NAAC)
will be held on November 14–15, 2013,
in the Office of Academic Affiliations
Conference Room 870, 1800 G Street
NW., Washington, DC. The sessions will
begin at 8:00 a.m. each day and adjourn
VerDate Mar<15>2010
17:40 Oct 31, 2013
Jkt 232001
at 5:00 p.m. on November 14 and at 1:00
p.m. on November 15.
The purpose of the Council is to
advise the Secretary on matters affecting
partnerships between VA and its
academic affiliates.
On November 14, the Council will
review the status of recommendations
from its previous meetings; hear from
Veterans Health Administration (VHA)
officials; and engage in discussions
about patient aligned care teams in VA
and implications for health professions
education. On November 15, the
Council will hear from officials of the
VHA Office of Research and
Development; receive reports from
Liaison Committees and discuss VA
advancements in quality and patient
safety education. The Council will
receive public comments at 12:30 p.m.
Because the meeting is being held in
a government building, a photo I.D.
must be presented at the Guard’s Desk
as a part of the clearance process.
Therefore, you should allow an
additional 15 minutes before the
meeting begins.
PO 00000
Frm 00161
Fmt 4703
Sfmt 9990
65765
A sign-in sheet for those who want to
give comments will be available at the
meeting. Individuals who speak are
invited to submit a 1–2 page summary
of their comments at the time of the
meeting for inclusion in the official
meeting record. Oral presentations will
be limited to five minutes or less,
depending on the number of
participants. Interested parties may also
provide written comments for review by
the Council to Gloria J. Holland, Ph.D.,
Special Assistant for Policy and
Planning, Office of Academic
Affiliations (10A2D), VA, 810 Vermont
Avenue NW., Washington, DC 20420 or
by email to Gloria.Holland@va.gov. Any
member of the public wishing to attend
or seeking additional information
should contact Dr. Holland by email or
by phone at (202) 461–9490.
Dated: October 29, 2013.
Robert C. McFetridge,
Director, Office of Regulation Policy and
Management, Office of the General Counsel.
[FR Doc. 2013–26077 Filed 10–31–13; 8:45 am]
BILLING CODE P
E:\FR\FM\01NON1.SGM
01NON1
]]>Agencies
[Federal Register Volume 78, Number 212 (Friday, November 1, 2013)]
[Notices]
[Pages 65764-65765]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-25840]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Information Collection Proposed Renewal Without Change; Comment
Request; Anti-Money Laundering Programs; Due Diligence Programs for
Correspondent Accounts for Foreign Financial Institutions
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: 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 that U.S.
financial institutions establish or maintain for certain foreign
financial institutions. 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
December 31, 2013.
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 Due Diligence Programs for
Correspondent Accounts for Foreign Financial Institutions. 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
Due Diligence Programs for Correspondent Accounts for Foreign Financial
Institutions.''
Inspection of comments: Comments may be inspected, between 10 a.m.
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing
to inspect the comments submitted must request an appointment with the
Disclosure Officer by telephoning (703) 905-5034 (not a toll free
call).
FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network,
Policy Division at (800) 949-2732, select option 6.
SUPPLEMENTARY INFORMATION:
Abstract: The Director of the Financial Crimes Enforcement Network
(``FinCEN'') is the delegated administrator of the Bank Secrecy Act
(``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\ Pub. L. 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.
---------------------------------------------------------------------------
Title: Anti-Money Laundering Programs and Due Diligence Programs
for Correspondent Accounts for Foreign Financial Institutions (31 CFR
1010.610).
Office of Management and Budget Control Number: 1506-0046.
Abstract: FinCEN is renewing, without change, the regulation
implementing section 5318(i)(1) and (2) of the Act, found at 31 CFR
1010.610. In general, the regulation requires financial institutions,
as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100 to establish due
diligence and, in some circumstances, enhanced due diligence policies,
procedures, and controls reasonably designed to detect and report money
laundering through correspondent accounts that covered U.S. financial
institutions establish or maintain for certain foreign financial
institutions.
Current Action: Renewal without change to existing regulations.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Burden: Estimated Number of Respondents: 22,197.\2\
---------------------------------------------------------------------------
\2\ This number includes depository institutions (14,087),
broker-dealers in securities (5,100), future commission merchants
(101), introducing brokers in commodities (1,249), and open end
mutual funds (1,660), each as defined under the BSA.
---------------------------------------------------------------------------
Estimated Number of Responses: 22,197.
Estimated Number of Hours: 44,394. (Two hours per response).
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
control number assigned by the Office of Management and Budget
(``OMB''). Records required to be retained under the BSA must be
retained for five years. Generally, information collected pursuant to
the BSA is confidential but may be shared as provided by law with
regulatory and law enforcement authorities.
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
[[Page 65765]]
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance and purchase of services to provide information.
Dated: October 21, 2013.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2013-25840 Filed 10-31-13; 8:45 am]
BILLING CODE 4810-2P-P
