Proposed Collection; Comment Request; Renewal Without Change of the FinCEN Suspicious Activity Reports Electronic Data Fields, 46903-46904 [2014-18859]

Download as PDF Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices Federal Register published on April 11, 2000 (65 FR 19477). Issued in Washington, DC, on August 5, 2014. Ron Hynes, Director, Office of Safety Assurance and Compliance. [FR Doc. 2014–18907 Filed 8–8–14; 8:45 am] preserve the present number of minority depository institutions, preserve the minority character of minority depository institutions in cases involving mergers or acquisitions, provide technical assistance, and encourage the creation of new minority depository institutions. Dated: August 5, 2014. By the Office of the Comptroller of the Currency. Thomas J. Curry, Comptroller of the Currency. BILLING CODE 4910–06–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency [FR Doc. 2014–18835 Filed 8–8–14; 8:45 am] BILLING CODE 4810–33–P [Docket ID OCC–2014–0019] DEPARTMENT OF THE TREASURY Minority Depository Institutions Advisory Committee Financial Crimes Enforcement Network Office of the Comptroller of the Currency (OCC), Department of the Treasury. ACTION: Notice. AGENCY: The Comptroller of the Currency has determined that the renewal of the Charter of the OCC Minority Depository Institutions Advisory Committee (MDIAC) is necessary and in the public interest in order to provide advice and information about the current circumstances and future development of minority depository institutions, in accordance with the goals established by section 308 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA). DATES: The Charter of the OCC MDIAC is renewed for a two-year period that began on July 16, 2014. FOR FURTHER INFORMATION CONTACT: Beverly Cole, Senior Advisor to the Senior Deputy Comptroller for Midsize and Community Bank Supervision and Designated Federal Officer, (202) 649– 5420, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: Notice of the renewal of the MDIAC charter is hereby given under section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. 2 (1988), and with the approval of the Secretary of the Treasury. The Comptroller of the Currency has determined that the renewal of the MDIAC charter is necessary and in the public interest in order to provide advice and information about the current circumstances and future development of minority depository institutions, in accordance with the goals established by section 308 of FIRREA, Public Law 101–73, Title III, 103 Stat. 353, 12 U.S.C. 1463 note. The goals of section 308 are to mstockstill on DSK4VPTVN1PROD with NOTICES SUMMARY: VerDate Mar<15>2010 17:35 Aug 08, 2014 Jkt 232001 Proposed Collection; Comment Request; Renewal Without Change of the FinCEN Suspicious Activity Reports Electronic Data Fields Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments. AGENCY: FinCEN invites all interested parties to comment on its proposed renewal without change to the collection of information filings by financial institutions required to file such reports under the Bank Secrecy Act (‘‘BSA’’). This notice does not propose any new regulatory requirements or changes to the requirements related to suspicious activity reporting. The data fields reflect the filing requirement for all filers of SARs under the BSA. This request for comments covers 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 1026.320, and 1029.320. This request for comments is being 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 are welcome and must be received on or before October 10, 2014. ADDRESSES: Written comments should be submitted to: Policy Division, Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, Virginia 22183, ‘‘Attention: PRA Comments—SAR Database.’’ Comments also may be submitted by electronic mail to the following Internet address: regcomments@fincen.treas.gov, with the caption, ‘‘Attention: SAR Database’’ in the body of the text. Please submit by one method only. Inspection of comments: Comments may be inspected, between 10 a.m. and 4 p.m., in the FinCEN reading room in SUMMARY: PO 00000 Frm 00135 Fmt 4703 Sfmt 4703 46903 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: Title: FinCEN Suspicious Activity Report by Financial Institutions (see 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 1026.320, and 1029.320). OMB Number: 1506–0065.1 Form Number: FinCEN 111. 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 anti-money laundering programs and compliance procedures.2 Regulations implementing Title II of the BSA appear at 31 CFR Chapter X. The authority of the Secretary to administer the BSA has been delegated to the Director of FinCEN.3 The information collected on the ‘‘report’’ is required to be provided pursuant to 31 U.S.C. 5318(g), as implemented by FinCEN regulations found at 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 1026.320, 1029.320. 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.4 1 The SAR reporting requirements are currently covered under the following OMB Control numbers: 1506–0001 (Depository Institutions), 1506–0006 (Casinos and Card Clubs), 1506–0015 (Money Services Business), 1506–0019 (Securities and Futures Industries including Mutual Funds), 1506– 0029 (Insurance Companies), and 1506–0061 (Residential Mortgage Lenders and Originators). 2 Language expanding the scope of the BSA 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 (the USA PATRIOT Act), Public Law 107–56. 3 Treasury Order 180–01 (Sept. 26, 2002). 4 Department of the Treasury 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 E:\FR\FM\11AUN1.SGM Continued 11AUN1 46904 Federal Register / Vol. 79, No. 154 / Monday, August 11, 2014 / Notices Current Action: FinCEN is renewing without change the electronic data elements currently supporting the reporting of suspicious financial activities. All filings (discrete, batch, and computer-to-computer) will be accessed through the BSA E-Filing system using current registration and login procedures. Type of Review: Renewal without change of a currently approved collection. Affected Public: Businesses or other for-profit and not-for-profit financial institutions. Frequency: As required. Estimated Reporting Burden: Average of 60 minutes per report and 60 minutes. recordkeeping per filing. (The reporting burden of the regulations at 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 1026.320, and 1029.320 is reflected in the burden for the form.) Estimated Number of Respondents: 84,655 (Broker-Dealers, Casinos and Card Clubs, Depository Institutions, Future Commission Merchants, Introducing brokers in commodities, Insurance Companies, Money Services Businesses, Mutual Funds, and NonBank Residential Mortgage Lenders and Originators). Estimated Total Annual Responses: 1,458,689.5 Estimated Total Annual Reporting and Recordkeeping Burden: 2,917,378 hours. Note: A joint filing will increase the burden to 90 minutes reporting and 60 minutes recordkeeping for a total of 2 and 1⁄2 hours per report.6 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. mstockstill on DSK4VPTVN1PROD with NOTICES 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; Notice for BSA Reports System was most recently published at 77 FR 60014–60022 (October 1, 2012). 5 Numbers are based on actual 2013 filings as reported by the BSA E-Filing system as of 12/31/ 2013. This number reflects the average total number of SAR filings for the year. 6 Two separate financial institutions filing a single SAR. This type of filing constitutes less than 1% of total filings. VerDate Mar<15>2010 18:37 Aug 08, 2014 Jkt 232001 (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: August 5, 2014. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network. [FR Doc. 2014–18859 Filed 8–8–14; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF VETERANS AFFAIRS Solicitation of Nominations for Appointment to the Advisory Committee on Cemeteries and Memorials ACTION: Amended Notice. The Department of Veterans Affairs (VA), National Cemetery Administration (NCA), is seeking nominations of qualified candidates to be considered for appointment as a member of the Advisory Committee on Cemeteries and Memorials (herein-after in this section referred to as ‘‘the Committee’’). The Committee was established pursuant to 38 U.S.C. 2401 to advise the Secretary of VA with respect to the administration of VA national cemeteries, soldiers’ lots and plots, which are the responsibility of the Secretary, the erection of appropriate memorials and the adequacy of Federal burial benefits. Nominations of qualified candidates are being sought to fill upcoming vacancies on the Committee. DATES: Nominations for membership on the Committee must be received no later than 5:00 p.m. EST on August 29, 2014. ADDRESSES: All nominations should be mailed to National Cemetery Administration, Department of Veterans Affairs, 810 Vermont Ave. NW (43A2), Washington, DC 20420, or faxed to (202) 632–7910. FOR FURTHER INFORMATION CONTACT: Mr. Michael Nacincik, National Cemetery Administration, Department of Veterans Affairs, 810 Vermont Ave. NW (43A2), Washington, DC 20420, telephone (202) 632–8013. A copy of Committee charter and list of the current membership can be obtained by contacting Mr. Nacincik or by accessing the Web site managed by SUMMARY: PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 NCA at: http://www.cem.va.gov/cem/ about/advisory_committee.asp. SUPPLEMENTARY INFORMATION: The Advisory Committee on Cemeteries and Memorials (ACCM) was established pursuant to 38 U.S.C. 2401 to advise the Secretary of VA with respect to the administration of VA national cemeteries, soldiers’ lots and plots, which are the responsibility of the Secretary, the erection of appropriate memorials and the adequacy of Federal burial benefits. The Committee responsibilities include: (1) Advising the Secretary on VA’s administration of burial benefits and the selection of cemetery sites, the erection of appropriate memorials, and the adequacy of Federal burial benefits (2) Providing to the Secretary and Congress periodic reports outlining recommendations, concerns, and observations on VA’s delivery of these benefits and services to Veterans. (3) Meeting with VA officials, Veteran Service Organizations, and other stakeholders to assess the Department’s efforts in providing burial benefits and outreach on these benefits to Veterans and their dependents. NCA is requesting nominations for upcoming vacancies on the Committee. The Committee is currently composed of 11 members, in addition to ex-officio members. The members of the Committee are appointed by the Secretary of Veteran Affairs from the general public, including but not limited to: (1) Veterans or other individuals who are recognized authorities in fields pertinent to the needs of Veterans; (2) Veterans who have experience in a military theater of operations; (3) Recently separated veterans. The Secretary shall determine the number, terms of service, and pay and allowances of members of the Committee appointed by the Secretary, except that a term of service of any such member may not exceed four years. The Secretary may reappoint any such member for additional terms of service. To the extent possible, the Secretary seeks members who have diverse professional and personal qualifications, including but not limited to prior military experience and military deployments, experience working with Veterans and in large and complex organizations, and subject matter expertise in the subject areas described above. We ask that nominations include information of this type so that VA can ensure a balanced Committee membership. Requirements for Nomination Submission: Nominations should be E:\FR\FM\11AUN1.SGM 11AUN1

Agencies

[Federal Register Volume 79, Number 154 (Monday, August 11, 2014)]
[Notices]
[Pages 46903-46904]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-18859]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Collection; Comment Request; Renewal Without Change of 
the FinCEN Suspicious Activity Reports Electronic Data Fields

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: FinCEN invites all interested parties to comment on its 
proposed renewal without change to the collection of information 
filings by financial institutions required to file such reports under 
the Bank Secrecy Act (``BSA''). This notice does not propose any new 
regulatory requirements or changes to the requirements related to 
suspicious activity reporting. The data fields reflect the filing 
requirement for all filers of SARs under the BSA. This request for 
comments covers 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 
1024.320, 1025.320, 1026.320, and 1029.320. This request for comments 
is being 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 are welcome and must be received on or before 
October 10, 2014.

ADDRESSES: Written comments should be submitted to: Policy Division, 
Financial Crimes Enforcement Network, Department of the Treasury, P.O. 
Box 39, Vienna, Virginia 22183, ``Attention: PRA Comments--SAR 
Database.'' Comments also may be submitted by electronic mail to the 
following Internet address: regcomments@fincen.treas.gov, with the 
caption, ``Attention: SAR Database'' in the body of the text. Please 
submit by one method only.
    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:
    Title: FinCEN Suspicious Activity Report by Financial Institutions 
(see 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 
1026.320, and 1029.320).
    OMB Number: 1506-0065.\1\
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    \1\ The SAR reporting requirements are currently covered under 
the following OMB Control numbers: 1506-0001 (Depository 
Institutions), 1506-0006 (Casinos and Card Clubs), 1506-0015 (Money 
Services Business), 1506-0019 (Securities and Futures Industries 
including Mutual Funds), 1506-0029 (Insurance Companies), and 1506-
0061 (Residential Mortgage Lenders and Originators).
---------------------------------------------------------------------------

    Form Number: FinCEN 111.
    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 anti-money laundering programs and compliance procedures.\2\ 
Regulations implementing Title II of the BSA appear at 31 CFR Chapter 
X. The authority of the Secretary to administer the BSA has been 
delegated to the Director of FinCEN.\3\
---------------------------------------------------------------------------

    \2\ Language expanding the scope of the BSA 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 (the USA PATRIOT Act), Public Law 
107-56.
    \3\ Treasury Order 180-01 (Sept. 26, 2002).
---------------------------------------------------------------------------

    The information collected on the ``report'' is required to be 
provided pursuant to 31 U.S.C. 5318(g), as implemented by FinCEN 
regulations found at 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 
1024.320, 1025.320, 1026.320, 1029.320. 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.\4\
---------------------------------------------------------------------------

    \4\ Department of the Treasury 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 BSA Reports System was most recently published at 77 FR 
60014-60022 (October 1, 2012).

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

[[Page 46904]]

    Current Action: FinCEN is renewing without change the electronic 
data elements currently supporting the reporting of suspicious 
financial activities. All filings (discrete, batch, and computer-to-
computer) will be accessed through the BSA E-Filing system using 
current registration and login procedures.
    Type of Review: Renewal without change of a currently approved 
collection.
    Affected Public: Businesses or other for-profit and not-for-profit 
financial institutions.
    Frequency: As required.
    Estimated Reporting Burden: Average of 60 minutes per report and 60 
minutes. recordkeeping per filing. (The reporting burden of the 
regulations at 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 
1025.320, 1026.320, and 1029.320 is reflected in the burden for the 
form.)
    Estimated Number of Respondents: 84,655 (Broker-Dealers, Casinos 
and Card Clubs, Depository Institutions, Future Commission Merchants, 
Introducing brokers in commodities, Insurance Companies, Money Services 
Businesses, Mutual Funds, and Non-Bank Residential Mortgage Lenders and 
Originators).
    Estimated Total Annual Responses: 1,458,689.\5\
---------------------------------------------------------------------------

    \5\ Numbers are based on actual 2013 filings as reported by the 
BSA E-Filing system as of 12/31/2013. This number reflects the 
average total number of SAR filings for the year.
---------------------------------------------------------------------------

    Estimated Total Annual Reporting and Recordkeeping Burden: 
2,917,378 hours.

    Note:  A joint filing will increase the burden to 90 minutes 
reporting and 60 minutes recordkeeping for a total of 2 and \1/2\ 
hours per report.\6\ 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.

    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.
---------------------------------------------------------------------------

    \6\ Two separate financial institutions filing a single SAR. 
This type of filing constitutes less than 1% of total filings.

    Dated: August 5, 2014.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2014-18859 Filed 8-8-14; 8:45 am]
BILLING CODE 4810-02-P