Agency Information Collection Activities; Comment Request; Renewal Without Change of Bank Secrecy Act Recordkeeping Requirements, 30928-30930 [2014-12502]
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30928
Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Notices
under the regulation addressed in this
notice assist federal, state, and local law
enforcement as well as regulatory
authorities in the identification,
investigation and prosecution of money
laundering and other matters. In
accordance with the requirements of the
PRA, 44 U.S.C. 3506(c)(2)(A), and its
implementing regulations, the following
information is presented concerning the
information collection below.
Title: Correspondent Accounts for
Foreign Shell Banks; Recordkeeping and
Termination of Correspondent Accounts
(31 CFR 1010.630).
OMB Number: 1506–0043.
Abstract: Covered financial
institutions are prohibited from
maintaining correspondent accounts for
foreign shell banks (31 CFR
1010.630(a)(1)). Covered financial
institutions that maintain correspondent
accounts for foreign banks must
maintain records of owner(s) of the
foreign bank and the name and address
of a person residing in the United States
who is authorized to accept service of
legal process for the foreign bank (31
CFR 1010.630(a)(2)). Covered financial
institutions may satisfy these
requirements by using the sample
certification on the FinCEN Web site:
(https://www.fincen.gov/forms/files/
Certification%
20Regarding%20Correspondent%20
Accounts%20for%20
Foreign%20Banks.pdf) and recertification (https://www.fincen.gov/
forms/files/
Recertification%20Regarding%20
Correspondent%20
Accounts%20for%20Foreign%20
Banks.pdf). Records of documents relied
upon by a financial institution for
purposes of 31 CFR 1010.630 must be
maintained for at least five years after
the date that the financial institution no
longer maintains a correspondent
account for such foreign bank (31 CFR
1010.630(e)).
Current Action: Renewal without
change to the existing regulations.
Type of Review: Extension without
change of a currently approved
collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: Total PRA burden hours for
this OMB Control number is 306,000
hours.
The burden is calculated as follows: It
is estimated that 2,000 covered financial
institutions maintain correspondent
accounts with 9,000 foreign banks. The
estimated average annual reporting
burden associated with certification is
180,000 hours (9,000 respondents at 20
hours per respondent); the estimated
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average annual reporting burden
associated with recertification is 45,000
hours (9,000 respondents at 5 hours per
respondent); and the estimated average
recordkeeping burden associated with
section 1010.630(e) is 81,000 hours
(9,000 respondents at 9 hours per
recordkeeper).
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.
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
technology; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance and purchase of services to
provide information.
Dated: May 22, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2014–12450 Filed 5–28–14; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection
Activities; Comment Request; Renewal
Without Change of Bank Secrecy Act
Recordkeeping Requirements
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
SUMMARY:
PO 00000
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(‘‘Treasury’’), invites all interested
parties to comment on its proposed
renewal without change of the Bank
Secrecy Act (‘‘BSA’’) recordkeeping
requirements addressed in this notice.
FinCEN intends to submit these
requirements for approval by the Office
of Management and Budget (‘‘OMB’’) of
a three-year extension of Control
Numbers 1506–0050 through 1506–
0059. 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). In
addition, FinCEN is seeking comment
on 31 CFR 1010.430, (a provision in
FinCEN’s regulations which establishes
a general five-year recordkeeping) the
nature of records and retention period,
and which is not subject to the PRA
because there is no information
collection associated with it.
DATES: Written comments should be
received on or before July 28, 2014 to be
assured of consideration.
ADDRESSES: Written comments should
be submitted to: Policy Division,
Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183.
Attention: PRA Comments—BSA
Recordkeeping Requirements, OMB
Control Numbers 1506–0050 through
1506–0059. 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—BSA
Recordkeeping Requirements, OMB
Control Numbers 1506–0050 through
1506–0059.’’
Instructions. It is preferable for
comments to be submitted by electronic
mail. Please submit comments by one
method only. All submissions received
must include the agency name and the
specific OMB control number or BSA
Recordkeeping Requirements for this
notice.
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: The
FinCEN Resource Center at 800–767–
2825.
SUPPLEMENTARY INFORMATION: The BSA,
Titles I and II of Public Law 91–508, as
amended, codified at 12 U.S.C. 1829(b),
12 U.S.C. 1951–1959, and 31 U.S.C. et
seq., authorizes the Secretary of the
Treasury, inter alia, to issue regulations
requiring records and reports that are
determined to have a high degree of
E:\FR\FM\29MYN1.SGM
29MYN1
tkelley on DSK3SPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Notices
usefulness in criminal, tax and
regulatory matters. Title III of the USA
PATRIOT Act of 2001, Public Law 107–
56, included certain amendments to the
anti-money laundering provisions of
Title II of the BSA, 31 U.S.C. 5311 et
seq., which are intended to aid in the
prevention, detection and prosecution
of international money laundering and
terrorist financing. Regulations
implementing Title II of the BSA appear
at 31 CFR Chapter X. The authority of
the Secretary of the Treasury to
administer Title II of the BSA has been
delegated to the Director of FinCEN. The
information collected and retained
under the regulation addressed in this
notice assist Federal, state, and local
law enforcement as well as regulatory
authorities in the identification,
investigation, and prosecution of money
laundering and other matters. In
accordance with the requirements of the
PRA, 44 U.S.C. 3506(c)(2)(A), and its
implementing regulations, the following
information is presented concerning the
recordkeeping requirements listed
below.
Title: BSA Recordkeeping
Requirements.
OMB Numbers: 1506–0050 through
1506–0059.
Abstract: In accordance with 31 CFR
1010.430, covered financial institutions
are required to maintain records of
certain financial transactions for a
period of five years. Covered financial
institutions may satisfy these
requirements by using their internal
records management system.
Current Action: Renewal without
change to the existing regulations.
Type of Review: Extension of
currently approved recordkeeping
requirements.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
1. Title: Administrative Rulings (31
CFR 1010.711–717).
OMB Number: 1506–0050.
Current action: This is a renewal
without change of a currently approved
PRA burden.
Summary of proposed action: FinCEN
proposes renewing the PRA burden
currently included in OMB Control
Number 1506–0050. The sections under
this control number are: (a) How to
submit a ruling request (1010.711), (b)
how non-conforming requests are
handled (1010.712), (c) how oral
communications are treated (1010.713),
(d) how rulings are issued (1010.715),
(e) how rulings are modified or
rescinded (1010.716), and (f) how
information in connection with a ruling
may be disclosed (1010.717). Effective
September 2009, all redacted
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Jkt 232001
administrative rulings are published on
the FinCEN Web site and may be
reviewed at https://www.fincen.gov/
statutes_regs/rulings/.
Burden: The estimated number of
responses (request for a ruling) is 60
annually, with a burden of 1 hour per
submission, for a total annual burden of
60 hours.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Frequency: N/A.
2. Title: Special Rules for Casinos (31
CFR 1021.210(b), 31 CFR 1021.100(a)–
(e), and 31 CFR 1010.430).
OMB Number: 1506–0051.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions.
Burden: The estimated number of
recordkeepers is 925. The estimated
annual recordkeeping burden per
recordkeeper is 100 hours, for a total
estimated annual recordkeeping burden
of 92,500 hours.
3. Title: Nature of Records and
Retention Period (31 CFR 1010.430).1
OMB Number: None Assigned, see
footnote 1.
Current Action: This is a renewal
without change of a BSA required
action.
Type of Review: Extension without
change of a BSA required action.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: The burden for this
regulation is reflected in the reporting
and recordkeeping provisions of 31 CFR
Chapter X.
4. Title: Additional Records to be
made and retained by Currency Dealers
or Exchangers (31 CFR 1022.410 and 31
CFR 1010.430).
OMB Number: 1506–0052.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions.
1 This section applies to all the BSA
recordkeeping rules; it imposes a 5-year record
retention period for all BSA recordkeeping rules
and includes a brief discussion of how to make the
records. This paragraph is not subject to the PRA
because there is no information collection
associated with it.
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30929
Burden: The estimated number of
recordkeepers is 2,300. The estimated
annual recordkeeping burden per
recordkeeper is 16 hours, for a total
estimated annual recordkeeping burden
of 368,000 hours.
5. Title: Additional Records to be
made and retained by Brokers or Dealers
in Securities (31 CFR 1023.410 and 31
CFR 1010.410).
OMB Number: 1506–0053.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions.
Burden: The estimated number of
recordkeepers is 8,300. The estimated
annual recordkeeping burden per
recordkeeper is 100 hours, for a total
estimated annual recordkeeping burden
of 830,000 hours.
6. Title: Additional Records to be
made and retained by Casinos (31 CFR
1021.410 (except 31 CFR
1021.410(b)(10)) and 31 CFR 1010.430).
OMB Number: 1506–0054.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions.
Burden: Total burden of 102,374
hours.
The burden for the action will be as
follows:
31 CFR 1021.410(a) & (b)(1)–(8). The
estimated number of recordkeepers is
912. The estimated annual
recordkeeping burden per recordkeeper
is 100 hours, for a total estimated
annual recordkeeping burden of 91,200.
31 CFR 1021.410(b)(9). The estimated
number of recordkeepers is 912. The
estimated annual recordkeeping burden
per recordkeeper is 7.5 hours, for a total
estimated annual recordkeeping burden
of 6,840 hours.
31 CFR 1021.410(b)(11). The
estimated number of recordkeepers is
62. The estimated number of
transactions is 215,000 annually and the
total estimated annual recordkeeping
burden is 686 hours.
31 CFR 1021.410(c). The estimated
number of respondents is 912. The
estimated annual recordkeeping burden
per recordkeeper is 4 hours, for a total
estimated annual recordkeeping burden
of 3,648 hours.
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Federal Register / Vol. 79, No. 103 / Thursday, May 29, 2014 / Notices
tkelley on DSK3SPTVN1PROD with NOTICES
7. Title: Reports of Transactions with
Foreign Financial Agencies (31 CFR
1010.360).2
OMB Number: 1506–0055.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: The estimated number of
respondents per year is 1. The estimated
number of responses is 1 with a
reporting burden of 1 hour per
respondent for a total annual burden of
1 hour.3
8. Title: Reports of Certain Domestic
Coin and Currency Transactions (31
CFR 1010.370 and 31 CFR 1010.410(d)).
OMB Number: 1506–0056.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: The estimated number of
respondents per year is 3,200. The
estimated number of responses is
17,000, with a reporting burden of 19
minutes per response and a
recordkeeping burden of 5 minutes per
response. Total estimated burden 6,800
hours.4
9. Title: Purchases of Bank Checks
and Drafts, Cashier’s Checks, Money
Orders, and Traveler’s Checks (31 CFR
1010.415, and 31 CFR 1010.430).
OMB Number: 1506–0057.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: The estimated number of
recordkeepers is 60,900. The average
burden per record-keeper is 7.5 hours,
for a total estimated annual
recordkeeping burden of 456,750 hours.
2 Treasury may, by regulation, require specified
financial institutions to report transactions by
persons with designated foreign financial agencies.
3 Should FinCEN issue regulations under this
authority, it will provide a burden estimate specific
to those regulations.
4 Although the burden is stated as an annual
burden in accordance with the PRA, the estimated
annual burden is not intended to indicate any
geographic targeting order that may be in effect
throughout a year or in each year.
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17:19 May 28, 2014
Jkt 232001
10. Title: Records to be made and
retained by Financial Institutions (31
CFR 1010.410 (except 1010.410(d)) and
31 CFR 1010.430).
OMB Number: 1506–0058.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: Total of 2,139,000 hours.
The burden for this action will be as
follows:
31 CFR 1010.410(a)–(c). The
estimated number of recordkeepers is
22,900. The estimated annual
recordkeeping burden per recordkeeper
is 50 hours, for a total estimated annual
recordkeeping burden of 1,145,000
hours.
31 CFR 1010.410(e)–(f). The estimated
number of recordkeepers is 35,500. The
estimated annual recordkeeping burden
per recordkeeper is 16 hours, for a total
estimated annual recordkeeping burden
of 568,000.
31 CFR 1010.410(g). The estimated
number of recordkeepers is 35,500. The
estimated annual recordkeeping burden
per recordkeeper is 12 hours, for a total
estimated annual recordkeeping burden
of 426,000.
11. Title: Additional Records to be
made and retained by Banks (31 CFR
1020.410 and 31 CFR 1010.430).
OMB Number: 1506–0059.
Current Action: This is a renewal
without change of a currently approved
PRA burden.
Type of Review: Extension without
change of a currently approved
information collection.
Affected Public: Businesses or other
for-profit institutions, and non-profit
institutions.
Burden: The estimated number of
recordkeepers is 22,900. The estimated
annual recordkeeping burden per
recordkeeper is 100 hours for a total
annual recordkeeping burden of
2,290,000 hours.
The following paragraph applies to
the recordkeeping requirements
addressed in this notice. 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. 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.
PO 00000
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Fmt 4703
Sfmt 4703
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: May 22, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2014–12502 Filed 5–28–14; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting for the Electronic Tax
Administration Advisory Committee
(ETAAC)
Internal Revenue Service (IRS),
Treasury.
ACTION: Meeting notice.
AGENCY:
An open meeting of the
Electronic Tax Administration Advisory
Committee (ETAAC) will be conducted
via telephone conference call. The
ETAAC will discuss recommendations
for electronic tax administration which
will be published in their Annual
Report to Congress by June 30, 2014.
The IRS will respond to these
recommendations.
SUMMARY:
Meeting Date: The meeting will
be held on Tuesday, June 24, 2014,
beginning at 9:30 a.m. eastern time,
ending at approximately 10:30 a.m.
FOR FURTHER INFORMATION CONTACT:
Cassandra Daniels at 240–613–6155 or
email etaac@irs.gov to receive the call
information. Please spell out all names
if you leave a voice message.
SUPPLEMENTARY INFORMATION:
Background: The Internal Revenue
Service established the Electronic Tax
Administration Advisory Committee
(ETAAC) in 1998 as a result of the
DATES:
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]]>Agencies
[Federal Register Volume 79, Number 103 (Thursday, May 29, 2014)]
[Notices]
[Pages 30928-30930]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-12502]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Comment Request;
Renewal Without Change of Bank Secrecy Act Recordkeeping Requirements
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 of the Bank Secrecy Act (``BSA'')
recordkeeping requirements addressed in this notice. FinCEN intends to
submit these requirements for approval by the Office of Management and
Budget (``OMB'') of a three-year extension of Control Numbers 1506-0050
through 1506-0059. 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). In addition, FinCEN is seeking comment on 31 CFR
1010.430, (a provision in FinCEN's regulations which establishes a
general five-year recordkeeping) the nature of records and retention
period, and which is not subject to the PRA because there is no
information collection associated with it.
DATES: Written comments should be received on or before July 28, 2014
to be assured of consideration.
ADDRESSES: Written comments should be submitted to: Policy Division,
Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183.
Attention: PRA Comments--BSA Recordkeeping Requirements, OMB Control
Numbers 1506-0050 through 1506-0059. 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--BSA Recordkeeping Requirements, OMB Control
Numbers 1506-0050 through 1506-0059.''
Instructions. It is preferable for comments to be submitted by
electronic mail. Please submit comments by one method only. All
submissions received must include the agency name and the specific OMB
control number or BSA Recordkeeping Requirements for this notice.
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: The FinCEN Resource Center at 800-767-
2825.
SUPPLEMENTARY INFORMATION: The BSA, Titles I and II of Public Law 91-
508, as amended, codified at 12 U.S.C. 1829(b), 12 U.S.C. 1951-1959,
and 31 U.S.C. et seq., authorizes the Secretary of the Treasury, inter
alia, to issue regulations requiring records and reports that are
determined to have a high degree of
[[Page 30929]]
usefulness in criminal, tax and regulatory matters. Title III of the
USA PATRIOT Act of 2001, Public Law 107-56, included certain amendments
to the anti-money laundering provisions of Title II of the BSA, 31
U.S.C. 5311 et seq., which are intended to aid in the prevention,
detection and prosecution of international money laundering and
terrorist financing. Regulations implementing Title II of the BSA
appear at 31 CFR Chapter X. The authority of the Secretary of the
Treasury to administer Title II of the BSA has been delegated to the
Director of FinCEN. The information collected and retained under the
regulation addressed in this notice assist Federal, state, and local
law enforcement as well as regulatory authorities in the
identification, investigation, and prosecution of money laundering and
other matters. In accordance with the requirements of the PRA, 44
U.S.C. 3506(c)(2)(A), and its implementing regulations, the following
information is presented concerning the recordkeeping requirements
listed below.
Title: BSA Recordkeeping Requirements.
OMB Numbers: 1506-0050 through 1506-0059.
Abstract: In accordance with 31 CFR 1010.430, covered financial
institutions are required to maintain records of certain financial
transactions for a period of five years. Covered financial institutions
may satisfy these requirements by using their internal records
management system.
Current Action: Renewal without change to the existing regulations.
Type of Review: Extension of currently approved recordkeeping
requirements.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
1. Title: Administrative Rulings (31 CFR 1010.711-717).
OMB Number: 1506-0050.
Current action: This is a renewal without change of a currently
approved PRA burden.
Summary of proposed action: FinCEN proposes renewing the PRA burden
currently included in OMB Control Number 1506-0050. The sections under
this control number are: (a) How to submit a ruling request (1010.711),
(b) how non-conforming requests are handled (1010.712), (c) how oral
communications are treated (1010.713), (d) how rulings are issued
(1010.715), (e) how rulings are modified or rescinded (1010.716), and
(f) how information in connection with a ruling may be disclosed
(1010.717). Effective September 2009, all redacted administrative
rulings are published on the FinCEN Web site and may be reviewed at
https://www.fincen.gov/statutes_regs/rulings/.
Burden: The estimated number of responses (request for a ruling) is
60 annually, with a burden of 1 hour per submission, for a total annual
burden of 60 hours.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Frequency: N/A.
2. Title: Special Rules for Casinos (31 CFR 1021.210(b), 31 CFR
1021.100(a)-(e), and 31 CFR 1010.430).
OMB Number: 1506-0051.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions.
Burden: The estimated number of recordkeepers is 925. The estimated
annual recordkeeping burden per recordkeeper is 100 hours, for a total
estimated annual recordkeeping burden of 92,500 hours.
3. Title: Nature of Records and Retention Period (31 CFR
1010.430).\1\
---------------------------------------------------------------------------
\1\ This section applies to all the BSA recordkeeping rules; it
imposes a 5-year record retention period for all BSA recordkeeping
rules and includes a brief discussion of how to make the records.
This paragraph is not subject to the PRA because there is no
information collection associated with it.
---------------------------------------------------------------------------
OMB Number: None Assigned, see footnote 1.
Current Action: This is a renewal without change of a BSA required
action.
Type of Review: Extension without change of a BSA required action.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: The burden for this regulation is reflected in the
reporting and recordkeeping provisions of 31 CFR Chapter X.
4. Title: Additional Records to be made and retained by Currency
Dealers or Exchangers (31 CFR 1022.410 and 31 CFR 1010.430).
OMB Number: 1506-0052.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions.
Burden: The estimated number of recordkeepers is 2,300. The
estimated annual recordkeeping burden per recordkeeper is 16 hours, for
a total estimated annual recordkeeping burden of 368,000 hours.
5. Title: Additional Records to be made and retained by Brokers or
Dealers in Securities (31 CFR 1023.410 and 31 CFR 1010.410).
OMB Number: 1506-0053.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions.
Burden: The estimated number of recordkeepers is 8,300. The
estimated annual recordkeeping burden per recordkeeper is 100 hours,
for a total estimated annual recordkeeping burden of 830,000 hours.
6. Title: Additional Records to be made and retained by Casinos (31
CFR 1021.410 (except 31 CFR 1021.410(b)(10)) and 31 CFR 1010.430).
OMB Number: 1506-0054.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions.
Burden: Total burden of 102,374 hours.
The burden for the action will be as follows:
31 CFR 1021.410(a) & (b)(1)-(8). The estimated number of
recordkeepers is 912. The estimated annual recordkeeping burden per
recordkeeper is 100 hours, for a total estimated annual recordkeeping
burden of 91,200.
31 CFR 1021.410(b)(9). The estimated number of recordkeepers is
912. The estimated annual recordkeeping burden per recordkeeper is 7.5
hours, for a total estimated annual recordkeeping burden of 6,840
hours.
31 CFR 1021.410(b)(11). The estimated number of recordkeepers is
62. The estimated number of transactions is 215,000 annually and the
total estimated annual recordkeeping burden is 686 hours.
31 CFR 1021.410(c). The estimated number of respondents is 912. The
estimated annual recordkeeping burden per recordkeeper is 4 hours, for
a total estimated annual recordkeeping burden of 3,648 hours.
[[Page 30930]]
7. Title: Reports of Transactions with Foreign Financial Agencies
(31 CFR 1010.360).\2\
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\2\ Treasury may, by regulation, require specified financial
institutions to report transactions by persons with designated
foreign financial agencies.
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OMB Number: 1506-0055.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: The estimated number of respondents per year is 1. The
estimated number of responses is 1 with a reporting burden of 1 hour
per respondent for a total annual burden of 1 hour.\3\
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\3\ Should FinCEN issue regulations under this authority, it
will provide a burden estimate specific to those regulations.
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8. Title: Reports of Certain Domestic Coin and Currency
Transactions (31 CFR 1010.370 and 31 CFR 1010.410(d)).
OMB Number: 1506-0056.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: The estimated number of respondents per year is 3,200. The
estimated number of responses is 17,000, with a reporting burden of 19
minutes per response and a recordkeeping burden of 5 minutes per
response. Total estimated burden 6,800 hours.\4\
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\4\ Although the burden is stated as an annual burden in
accordance with the PRA, the estimated annual burden is not intended
to indicate any geographic targeting order that may be in effect
throughout a year or in each year.
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9. Title: Purchases of Bank Checks and Drafts, Cashier's Checks,
Money Orders, and Traveler's Checks (31 CFR 1010.415, and 31 CFR
1010.430).
OMB Number: 1506-0057.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: The estimated number of recordkeepers is 60,900. The
average burden per record-keeper is 7.5 hours, for a total estimated
annual recordkeeping burden of 456,750 hours.
10. Title: Records to be made and retained by Financial
Institutions (31 CFR 1010.410 (except 1010.410(d)) and 31 CFR
1010.430).
OMB Number: 1506-0058.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: Total of 2,139,000 hours.
The burden for this action will be as follows:
31 CFR 1010.410(a)-(c). The estimated number of recordkeepers is
22,900. The estimated annual recordkeeping burden per recordkeeper is
50 hours, for a total estimated annual recordkeeping burden of
1,145,000 hours.
31 CFR 1010.410(e)-(f). The estimated number of recordkeepers is
35,500. The estimated annual recordkeeping burden per recordkeeper is
16 hours, for a total estimated annual recordkeeping burden of 568,000.
31 CFR 1010.410(g). The estimated number of recordkeepers is
35,500. The estimated annual recordkeeping burden per recordkeeper is
12 hours, for a total estimated annual recordkeeping burden of 426,000.
11. Title: Additional Records to be made and retained by Banks (31
CFR 1020.410 and 31 CFR 1010.430).
OMB Number: 1506-0059.
Current Action: This is a renewal without change of a currently
approved PRA burden.
Type of Review: Extension without change of a currently approved
information collection.
Affected Public: Businesses or other for-profit institutions, and
non-profit institutions.
Burden: The estimated number of recordkeepers is 22,900. The
estimated annual recordkeeping burden per recordkeeper is 100 hours for
a total annual recordkeeping burden of 2,290,000 hours.
The following paragraph applies to the recordkeeping requirements
addressed in this notice. 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. 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 technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance and purchase of services to provide information.
Dated: May 22, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2014-12502 Filed 5-28-14; 8:45 am]
BILLING CODE 4810-02-P
