Proposed Information Collection Renewal; Comment Request; Anti-Money Laundering Programs for Insurance Companies and Non-Bank Residential Mortgage Lenders and Originators, 9504-9505 [2015-03580]
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9504
Federal Register / Vol. 80, No. 35 / Monday, February 23, 2015 / Notices
DEPARTMENT OF TRANSPORTATION
Surface Transportation Board
[Docket No. FD 35879 (Sub-No. 1)]
BNSF Railway Company—Temporary
Trackage Rights Exemption—Union
Pacific Railroad Company
Surface Transportation Board,
Department of Transportation.
ACTION: Partial revocation of exemption.
Decided: February 18, 2015.
By the Board, Acting Chairman Miller and
Vice Chairman Begeman.
Jeffrey Herzig,
Clearance Clerk.
[FR Doc. 2015–03598 Filed 2–20–15; 8:45 am]
BILLING CODE 4915–01–P
AGENCY:
Under 49 U.S.C. 10502, the
Board revokes the class exemption as it
pertains to the trackage rights described
in Docket No. FD 35879 1 to permit the
trackage rights to expire at midnight on
October 31, 2015, in accordance with
the agreement of the parties, subject to
the employee protective conditions set
forth in Oregon Short Line Railroad—
Abandonment Portion Goshen Branch
Between Firth & Ammon, in Bingham &
Bonneville Counties, Idaho, 360 I.C.C.
91 (1979).
DATES: This decision is effective on
March 25, 2015. Petitions to stay must
be filed by March 5, 2015. Petitions for
reconsideration must be filed by March
16, 2015.
ADDRESSES: Send an original and 10
copies of all pleadings, referring to
Docket No. FD 35879 (Sub-No. 1) to:
Surface Transportation Board, 395 E
Street SW., Washington, DC 20423–
0001. In addition, a copy of each
pleading must be served on BNSF’s
representative: Karl Morell, Ball Janik
LLP, Suite 225, 655 Fifteenth St. NW.,
Washington, DC 20005.
FOR FURTHER INFORMATION CONTACT:
Joseph H. Dettmar, (202) 245–0395.
[Assistance for the hearing impaired is
available through the Federal
Information Relay Service (FIRS) at
(800) 877–8339.]
SUPPLEMENTARY INFORMATION:
Additional information is contained in
the Board’s decision. Board decisions
and notices are available on our Web
site at ‘‘WWW.STB.DOT.GOV.’’
Rmajette on DSK2VPTVN1PROD with NOTICES
SUMMARY:
1 In that docket, on November 25, 2014, BNSF
Railway Company (BNSF) filed a verified notice of
exemption under the Board’s class exemption
procedures at 49 CFR 1180.2(d)(7). The notice
addressed an agreement in which Union Pacific
Railroad Company (UP) granted local trackage
rights to BNSF over UP’s lines extending between:
(1) UP milepost 93.2 at Stockton, Cal., on UP’s
Oakland Subdivision, and UP milepost 219.4 at
Elsey, Cal., on UP’s Canyon Subdivision, a distance
of 126.2 miles; and (2) UP milepost 219.4 at Elsey
and UP milepost 280.7 at Keddie, Cal., on UP’s
Canyon Subdivision, a distance of 61.3 miles. See
BNSF Ry.—Temporary Trackage Rights
Exemption—Union Pac. R.R., FD 35879 (STB served
Dec. 11, 2014). BNSF notes that, because the
trackage rights covered by that docket are ‘‘local’’
rather than ‘‘overhead’’ rights, they do not qualify
for the Board’s class exemption for temporary
trackage rights at 49 CFR 1180.2(d)(8).
VerDate Sep<11>2014
14:19 Feb 20, 2015
Jkt 235001
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Information Collection
Renewal; Comment Request; AntiMoney Laundering Programs for
Insurance Companies and Non-Bank
Residential Mortgage Lenders and
Originators
Financial Crimes Enforcement
Network (‘‘FinCEN’’), Treasury.
ACTION: Notice and request for
comments.
AGENCY:
FinCEN invites comment on
the renewal of information collections
in existing regulations requiring
insurance companies and non-bank
mortgage lenders and originators to
develop and implement written antimoney laundering programs reasonably
designed to prevent those financial
institutions from being used to facilitate
money laundering and the financing of
terrorist activities. 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).
SUMMARY:
Written comments are welcome
and must be received on or before April
24, 2015.
ADDRESSES: Written comments should
be submitted to: Policy Division,
Financial Crimes Enforcement Network,
P.O. Box 39, Vienna, VA 22183,
Attention: Anti-Money Laundering
Program Comments—Insurance
Companies and Non-Bank Residential
Mortgage Lenders and Originators.
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: Anti-Money Laundering
Program Comments—Insurance
Companies and Non-Bank Residential
Mortgage Lenders and Originators.’’
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).
DATES:
PO 00000
Frm 00077
Fmt 4703
Sfmt 4703
The
FinCEN Resource Center at 800–767–
2825 or email frc@fincen.gov.
SUPPLEMENTARY INFORMATION: The Bank
Secrecy Act (‘‘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. 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 counterintelligence activities to protect against
international terrorism, and to
implement counter-money laundering
programs and compliance procedures.1
Regulations implementing Title II of
the BSA appear at 31 CFR Chapter X.
The authority of the Secretary of the
Treasury to administer the BSA has
been delegated to the Director of
FinCEN.
The information collected and
retained under the regulations
addressed in this notice assists 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: Anti-money laundering
programs for insurance companies, 31
CFR 1025.210 and non-bank residential
mortgage lenders and originators, 31
CFR 1029.210.
Office of Management and Budget
(‘‘OMB’’) Control Number: 1506–0035.
Abstract: Insurance companies and
non-bank residential mortgage lenders
and originators are required to establish
and maintain written anti-money
laundering programs. A copy of the
written program must be maintained for
five years.
Current Action: Renewal of current
regulations.
Type of Review: Renewal of a
currently approved information
collection.
Affected Public: Businesses and other
for-profit institutions.
Estimated Number of Respondents:
1,200 Insurance Companies and 31,000
FOR FURTHER INFORMATION CONTACT:
1 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,
Public Law 107–56.
E:\FR\FM\23FEN1.SGM
23FEN1
Federal Register / Vol. 80, No. 35 / Monday, February 23, 2015 / Notices
Non-Bank Residential Mortgage Lender
and Originators.
Estimated Number of Responses:
1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender
and Originators.
Estimated Number of Hours: 1,200
Insurance Companies and 31,000 NonBank Residential Mortgage Lender and
Originators.
Total Estimated Burden Hours:
43,000.
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 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: February 13, 2015.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement
Network.
[FR Doc. 2015–03580 Filed 2–20–15; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Rmajette on DSK2VPTVN1PROD with NOTICES
Financial Crimes Enforcement Network
Proposed Information Collection;
Comment Request; Renewal Without
Change of Anti-Money Laundering
Programs for Money Services
Businesses, Mutual Funds, and
Operators of Credit Cards Systems
Financial Crimes Enforcement
Network, Treasury.
AGENCY:
VerDate Sep<11>2014
14:19 Feb 20, 2015
Jkt 235001
Notice and request for
comments.
ACTION:
As part of our continuing
effort to reduce paperwork and
respondent burden, the Financial
Crimes Enforcement Network
(‘‘FinCEN’’) invites comment on a
proposed renewal, without change, to
information collections found in
existing regulations requiring money
services businesses, mutual funds, and
operators of credit card systems to
develop and implement written antimoney laundering programs reasonably
designed to prevent those financial
institutions from being used to facilitate
money laundering and the financing of
terrorist activities. This request for
comments is being made pursuant to the
Paperwork Reduction Act of 1995
(‘‘PRA’’), Public Law 104–13, 44 U.S.C.
3506(c)(2)(A).
DATES: Written comments are welcome
and must be received on or before April
24, 2015.
ADDRESSES: Written comments should
be submitted to: Policy Division,
Financial Crimes Enforcement Network,
U.S Department of the Treasury, P.O.
Box 39, Vienna, VA 22183. Attention:
PRA Comments—AML Requirements
for money services businesses, mutual
funds, and operators of credit card
systems. 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—AML
Requirements for money services
businesses, mutual funds, and operators
of credit card systems.’’ All submissions
received must include the agency name
and the specific OMB control number
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 or email frc@fincen.gov.
SUPPLEMENTARY INFORMATION: The Bank
Secrecy Act (‘‘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. 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
SUMMARY:
PO 00000
Frm 00078
Fmt 4703
Sfmt 4703
9505
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
BSA appear at 31 CFR Chapter X. The
authority of the Secretary of the
Treasury to administer the BSA has
been delegated to the Director of
FinCEN. The information collected and
retained under the regulations
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: Anti-money laundering
programs for money services businesses
(31 CFR 1022.210),2 Anti-money
laundering programs for mutual funds
(31 CFR 1024.210), and Anti-money
laundering programs for operators of
credit card systems (31 CFR 1028.210).
Office of Management and Budget
(‘‘OMB’’) Control Number: 1506–0020.
Abstract: MSBs, mutual funds, and
operators of credit card systems are
required to develop and implement
written anti-money laundering
programs. FinCEN recognizes a three
hour burden for the initial development
of an AML program. FinCEN further
estimates an annual burden of one hour
for maintenance of the program (i.e.,
review and update as necessary). In
view of the limited information
providers and sellers of prepaid access
(a type of MSB) are required to
maintain, and the degree of automation
available to them, FinCEN estimates an
annual maintenance burden of two
minutes for each prepaid card issued for
this MSB subset.3 A copy of the written
1 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,
Public Law 107–56.
2 The term money services business (‘‘MSB’’)
includes dealer in foreign exchange, check casher,
issuer or seller of traveler’s checks or money orders,
provider of prepaid access, money transmitter, U.S.
Postal Service, and seller of prepaid access. See 31
CFR 1010.100(ff).
3 Providers and sellers of prepaid access are
required to collect and maintain the customer’s
name, date of birth, address, and identification
number for five years. This collection is automated.
FinCEN estimates that approximately 2,583,300
prepaid cards are issued annually.
E:\FR\FM\23FEN1.SGM
23FEN1
]]>Agencies
[Federal Register Volume 80, Number 35 (Monday, February 23, 2015)]
[Notices]
[Pages 9504-9505]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-03580]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Information Collection Renewal; Comment Request; Anti-
Money Laundering Programs for Insurance Companies and Non-Bank
Residential Mortgage Lenders and Originators
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN invites comment on the renewal of information
collections in existing regulations requiring insurance companies and
non-bank mortgage lenders and originators to develop and implement
written anti-money laundering programs reasonably designed to prevent
those financial institutions from being used to facilitate money
laundering and the financing of terrorist activities. 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
April 24, 2015.
ADDRESSES: Written comments should be submitted to: Policy Division,
Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183,
Attention: Anti-Money Laundering Program Comments--Insurance Companies
and Non-Bank Residential Mortgage Lenders and Originators. 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: Anti-Money Laundering Program Comments--
Insurance Companies and Non-Bank Residential Mortgage Lenders and
Originators.''
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 or email frc@fincen.gov.
SUPPLEMENTARY INFORMATION: The Bank Secrecy Act (``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. 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\
---------------------------------------------------------------------------
\1\ 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, Public Law 107-56.
---------------------------------------------------------------------------
Regulations implementing Title II of the BSA appear at 31 CFR
Chapter X. The authority of the Secretary of the Treasury to administer
the BSA has been delegated to the Director of FinCEN.
The information collected and retained under the regulations
addressed in this notice assists 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: Anti-money laundering programs for insurance companies, 31
CFR 1025.210 and non-bank residential mortgage lenders and originators,
31 CFR 1029.210.
Office of Management and Budget (``OMB'') Control Number: 1506-
0035.
Abstract: Insurance companies and non-bank residential mortgage
lenders and originators are required to establish and maintain written
anti-money laundering programs. A copy of the written program must be
maintained for five years.
Current Action: Renewal of current regulations.
Type of Review: Renewal of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 1,200 Insurance Companies and
31,000
[[Page 9505]]
Non-Bank Residential Mortgage Lender and Originators.
Estimated Number of Responses: 1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender and Originators.
Estimated Number of Hours: 1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender and Originators.
Total Estimated Burden Hours: 43,000.
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
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: February 13, 2015.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2015-03580 Filed 2-20-15; 8:45 am]
BILLING CODE 4810-02-P
