Proposed Collection; Comment Request; Renewal Without Change of the FinCEN Form 8300, 22584 [2014-09032]
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22584
Federal Register / Vol. 79, No. 77 / Tuesday, April 22, 2014 / Notices
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). The Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Fred
Pietrangeli, Director for Office of Debt
Management (202) 622–1876.
Dated: April 16, 2014.
Matthew S. Rutherford,
Assistant Secretary (Financial Markets).
[FR Doc. 2014–09052 Filed 4–21–14; 8:45 am]
BILLING CODE 4810–25–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Collection; Comment
Request; Renewal Without Change of
the FinCEN Form 8300
Financial Crimes Enforcement
Network (FinCEN), U.S. Department of
the 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
renewal without change to the
collection of information through Form
8300, Report of Cash Payments Over
$10,000 Received in a Trade or
Business. This request for comments is
made pursuant to the Paperwork
Reduction Act (‘‘PRA’’) of 1995, Public
Law 104–13, 44 U.S.C. 3506(c)(2)(A).
DATES: Written comments should be
received on or before June 23, 2014 to
be assured of consideration.
ADDRESSES: Written comments should
be submitted to: Policy Division,
Financial Crimes Enforcement Network,
U.S. Department of the Treasury, P.O.
Box 39, Vienna, Virginia 22183.
Attention: PRA Comments—Form 8300
Renewal. Comments also may be
submitted by electronic mail to the
following Internet address:
regcomments@fincen.gov with the
caption in the body of the text,
‘‘Attention: PRA Comments—Form 8300
Renewal.’’
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
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Officer by telephoning (703) 905–3591
(not a toll free call).
FOR FURTHER INFORMATION CONTACT: The
FinCEN Resource Center at 800–767–
2825.
Title:
Report of Cash Payments Over $10,000
Received in a Trade or Business.
Office of Management and Budget
(‘‘OMB’’) Number: 1506–0018.
Form Number: 8300.
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 appear at 31 CFR Chapter
X.
The authority of the Secretary to
administer the Bank Secrecy Act has
been delegated to the Director of
FinCEN.
Section 365 of the USA PATRIOT Act
of 2001 (Pub. L. 107–56), adding new
section 5331 to Title 31 of the United
States Code, authorized FinCEN to
collect the information reported on
Form 8300. The information collected
on Form 8300 is required to be provided
pursuant to 31 U.S.C. 5331, as
implemented by FinCEN regulations
found at 31 CFR 1010.331.
The regulations require any person in
a trade or business who, in the course
of the trade or business, receives more
than $10,000 in cash or foreign currency
in one or more related transactions to
report it to FinCEN and provide a
statement to the person. 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
BSA Reports.2
SUPPLEMENTARY INFORMATION:
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.
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
PO 00000
Frm 00116
Fmt 4703
Sfmt 9990
Current Action: A renewal without
change to the current Form 8300. The
report is accessible on the FinCEN Web
site at: http://www.fincen.gov/forms/
files/fin8300_cashover10k.pdf.
Type of Review: Renewal without
change of a currently approved
collection.
Affected Public: Businesses or other
for-profit organizations, farms, and the
Federal government.
Frequency: As required.
Estimated Number of Respondents:
46,800.
Estimated Time per Respondent: 45
minutes.
Estimated Total Annual Burden
Hours: 35,100.3
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.
In accordance with 31 CFR
1010.330(e)(3), a person required to
make a report under this section must
keep a copy of each report filed for five
years from the date of filing.
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.
Dated: April 16, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2014–09032 Filed 4–21–14; 8:45 am]
BILLING CODE 4810–02–P
the BSA Report System was most recently
published at 77 FR 60014, October 1, 2012.
3 The burden for the information collection in 31
CFR 1010.330, (also approved under control
number 1506–0018), is reflected in the burden of
the form and includes reporting and recordkeeping.
E:\FR\FM\22APN1.SGM
22APN1
Agencies
[Federal Register Volume 79, Number 77 (Tuesday, April 22, 2014)]
[Notices]
[Page 22584]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-09032]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Collection; Comment Request; Renewal Without Change of
the FinCEN Form 8300
AGENCY: Financial Crimes Enforcement Network (FinCEN), U.S. Department
of the 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 renewal without change to the collection of information
through Form 8300, Report of Cash Payments Over $10,000 Received in a
Trade or Business. This request for comments is made pursuant to the
Paperwork Reduction Act (``PRA'') of 1995, Public Law 104-13, 44 U.S.C.
3506(c)(2)(A).
DATES: Written comments should be received on or before June 23, 2014
to be assured of consideration.
ADDRESSES: Written comments should be submitted to: Policy Division,
Financial Crimes Enforcement Network, U.S. Department of the Treasury,
P.O. Box 39, Vienna, Virginia 22183. Attention: PRA Comments--Form 8300
Renewal. Comments also may be submitted by electronic mail to the
following Internet address: regcomments@fincen.gov with the caption in
the body of the text, ``Attention: PRA Comments--Form 8300 Renewal.''
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) 905-3591 (not a toll free
call).
FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800-767-
2825.
SUPPLEMENTARY INFORMATION: Title: Report of Cash Payments Over $10,000
Received in a Trade or Business.
Office of Management and Budget (``OMB'') Number: 1506-0018.
Form Number: 8300.
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 appear at 31
CFR Chapter X.
---------------------------------------------------------------------------
\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 authority of the Secretary to administer the Bank Secrecy Act
has been delegated to the Director of FinCEN.
Section 365 of the USA PATRIOT Act of 2001 (Pub. L. 107-56), adding
new section 5331 to Title 31 of the United States Code, authorized
FinCEN to collect the information reported on Form 8300. The
information collected on Form 8300 is required to be provided pursuant
to 31 U.S.C. 5331, as implemented by FinCEN regulations found at 31 CFR
1010.331.
The regulations require any person in a trade or business who, in
the course of the trade or business, receives more than $10,000 in cash
or foreign currency in one or more related transactions to report it to
FinCEN and provide a statement to the person. 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 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 77 FR 60014,
October 1, 2012.
---------------------------------------------------------------------------
Current Action: A renewal without change to the current Form 8300.
The report is accessible on the FinCEN Web site at: http://www.fincen.gov/forms/files/fin8300_cashover10k.pdf.
Type of Review: Renewal without change of a currently approved
collection.
Affected Public: Businesses or other for-profit organizations,
farms, and the Federal government.
Frequency: As required.
Estimated Number of Respondents: 46,800.
Estimated Time per Respondent: 45 minutes.
Estimated Total Annual Burden Hours: 35,100.\3\
---------------------------------------------------------------------------
\3\ The burden for the information collection in 31 CFR
1010.330, (also approved under control number 1506-0018), is
reflected in the burden of the form and includes reporting and
recordkeeping.
---------------------------------------------------------------------------
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. In accordance with 31
CFR 1010.330(e)(3), a person required to make a report under this
section must keep a copy of each report filed for five years from the
date of filing.
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.
Dated: April 16, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2014-09032 Filed 4-21-14; 8:45 am]
BILLING CODE 4810-02-P