Agency Information Collection Activities; Proposed Collection; Comment Request; Report of International Transportation of Currency or Monetary Instruments, 42609-42610 [2015-17624]

Download as PDF srobinson on DSK5SPTVN1PROD with NOTICES Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices identification programs and provide their customers with notice of the programs. (See FR 68, 25131, May 9, 2003). Current Action: There is no change to existing regulations. Type of Review: Extension of a currently approved information collection. Affected Public: Business and other for profit institutions. Burden: Estimated Number of Respondents: 2,296. Estimated Average Annual Burden per Respondent: The estimated average burden associated with the notice requirement is 2 minutes per respondent. FinCEN estimates 8,001,000 responses. Estimated Number of Hours: 266,700. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless it displays a valid control number assigned by the Office of Management and Budget. 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: July 13, 2015. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network. [FR Doc. 2015–17625 Filed 7–16–15; 8:45 am] BILLING CODE 4810–02–P VerDate Sep<11>2014 20:59 Jul 16, 2015 Jkt 235001 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Agency Information Collection Activities; Proposed Collection; Comment Request; Report of International Transportation of Currency or Monetary Instruments Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments regarding the renewal without change of the Report of International Transportation of Currency or Monetary Instruments (‘‘CMIR’’). AGENCY: As part of our continuing effort to reduce paperwork and respondent burden, FinCEN invites the general public and other Federal agencies to comment on an information collection requirement concerning the CMIR. This request for comment is being made pursuant to the Paperwork Reduction Act of 1995 (‘‘PRA’’), Public Law 10 U.S.C. 3506(c)(2)(A)). DATES: Written comments should be received on or before September 15, 2015 to be assured of consideration. ADDRESSES: Direct all written comments to: Policy Division, Financial Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, Vienna, VA 22183–0039, Attention: PRA Comments—Report of International Transportation of Currency or Monetary Instruments. 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—Report of International Transportation of Currency or Monetary Instruments.’’ Inspection of comments: 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: FinCEN Resource Center at 1–800–767– 2825 or 1–703–905–3591 (not a toll free number) and select option 3 for regulatory questions. Email inquiries can be sent to FRC@fincen.gov. A copy of the form may also be obtained from the FinCEN Web site at https://www.fincen.gov/forms/files/ fin105_cmir.pdf. SUPPLEMENTARY INFORMATION: Title: Report of International Transportation of Currency or Monetary Instruments (CMIR). Office of Management and Budget Number (‘‘OMB’’): 1506–0014. SUMMARY: PO 00000 Frm 00143 Fmt 4703 Sfmt 4703 42609 Form Number: FinCEN Form 105. Abstract: FinCEN exercises regulatory functions primarily under the Currency and Financial Transactions Reporting Act of 1970, as amended by the USA PATRIOT Act of 2001 and other legislation. This legislative framework is commonly referred to as the ‘‘Bank Secrecy Act’’ (‘‘BSA’’).1 The Secretary of the Treasury has delegated to the Director of FinCEN the authority to implement, administer and enforce compliance with the BSA and associated regulations.2 Pursuant to this authority, FinCEN may issue regulations requiring financial institutions to keep records and file reports that ‘‘have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.’’ 3 Additionally, FinCEN is authorized to impose regulations to maintain procedures to ensure compliance with the BSA and FinCEN’s implementing regulations, or to guard against money laundering, which includes imposing anti-money laundering (‘‘AML’’) program requirements on financial institutions.4 Pursuant to the BSA, the requirement of 31 U.S.C. 5316(a) has been implemented through regulations promulgated at 31 CFR 1010.340 and through the instructions for the CMIR as follows: (1) Each person who physically transports, mails, or ships, or causes to be physically transported, mailed, or shipped currency or other monetary instruments in an aggregate amount exceeding $10,000 at one time from the United States to any place outside the United States or into the United States from any place outside the United States, and (2) Each person who receives in the United States currency or other monetary instruments in an aggregate amount exceeding $10,000 at one time which have been transported, mailed, or shipped to the person from any place outside the United States. A transfer of funds through normal banking procedures, which does not involve the physical transportation of currency or monetary instruments, is not required to be reported on the CMIR. 1 The BSA is codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, 31 U.S.C. 5311–5314 and 5316– 5332 and notes thereto, with implementing regulations at 31 CFR Chapter X. See 31 CFR 1010.100(e). 2 Treasury Order 180–01 (Jul. 1, 2014). 3 31 U.S.C. 5311. 4 31 U.S.C. 5318(a) and (h). E:\FR\FM\17JYN1.SGM 17JYN1 srobinson on DSK5SPTVN1PROD with NOTICES 42610 Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices Information collected on the CMIR is made available, in accordance with strict safeguards, to appropriate criminal law enforcement and regulatory personnel in the official performance of their duties. The information collected is of use in investigations involving international and domestic money laundering, tax evasion, fraud, and other financial crimes. Current Actions: Renewal without change. Type of Review: Renewal of a currently approved collection. Affected Public: Individuals, business or other for-profit institutions, and notfor-profit institutions. Estimated Number of Respondents: 280,000. Estimated Time Per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 140,000 hours. 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: July 13, 2015. Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network [FR Doc. 2015–17624 Filed 7–16–15; 8:45 am] BILLING CODE 4810–02–P VerDate Sep<11>2014 20:59 Jul 16, 2015 Jkt 235001 DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Precious Metals, Precious Stones, or Jewels Financial Crimes Enforcement Network (‘‘FinCEN’’), Treasury. ACTION: Notice and request for comments. AGENCY: As part of our continuing effort to reduce paperwork and respondent burden, we invite comment on a proposed renewal, without change, to information collections found in existing regulations requiring dealers in precious metals, stones, or jewels, to develop and implement written antimoney laundering programs reasonably designed to prevent 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, Public Law 104–13, 44 U.S.C. 3506(c)(2)(A). DATES: Written comments are welcome and must be received on or before September 15, 2015. ADDRESSES: Written comments should be submitted to: Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: AntiMoney Laundering Program Comments. 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.’’ Inspection of comments. 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: FinCEN Resource Center at 1–800–767– 2825 or 1–703–905–3591 (not a toll free number) and select option 3 for regulatory questions. Email inquiries can be sent to FRC@fincen.gov. SUPPLEMENTARY INFORMATION: Abstract: FinCEN exercises regulatory functions primarily under the Currency and Financial Transactions Reporting Act of 1970, as amended by the USA PATRIOT Act of 2001 and other legislation. This legislative framework is commonly referred to as the ‘‘Bank Secrecy Act’’ (‘‘BSA’’).1 The Secretary of SUMMARY: 1 The BSA is codified at 12 U.S.C. 1829b, 12 U.S.C. 1951–1959, 31 U.S.C. 5311–5314 and 5316– PO 00000 Frm 00144 Fmt 4703 Sfmt 4703 the Treasury has delegated to the Director of FinCEN the authority to implement, administer, and enforce compliance with the BSA and associated regulations.2 Pursuant to this authority, FinCEN may issue regulations requiring financial institutions to keep records and file reports that ‘‘have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.3 Additionally, FinCEN is authorized to impose regulations to maintain procedures to ensure compliance with the BSA and FinCEN’s implementing regulations, or to guard against money laundering, which includes imposing anti-money laundering (‘‘AML’’) program requirements on financial institutions.4 Regulations implementing section 5318(h)(1) of the Act are found in part at 31 CFR 1027.210. In general, the regulations require financial institutions, as defined in 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100 to establish, document, and maintain antimoney laundering programs as an aid in protecting and securing the U.S. financial system. 1. Title: Anti-money laundering programs for dealers in precious metals, precious stones, or jewels (31 CFR 1027.210). OMB Control Number: 1505–0030. Abstract: Dealers in precious metals, precious stones, or jewels are required to establish and maintain written antimoney laundering programs. A copy of the written program must be maintained for five years. Current Action: There is no change to existing regulations. Type of Review: Extension of a currently approved information collection. Affected Public: Business and other for-profit institutions. Burden: Estimated Number of Respondents = 20,000. Estimated Number of Responses = 20,000. Estimated Number of Hours = 20,000 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 control number assigned by the Office of Management 5332 and notes thereto, with implementing regulations at 31 CFR Chapter X. See 31 CFR 1010.100(e). 2 Treasury Order 180–01 (Jul. 1, 2014). 3 31 U.S.C. 5311. 4 31 U.S.C. 5318(a) and (h). E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 80, Number 137 (Friday, July 17, 2015)]
[Notices]
[Pages 42609-42610]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-17624]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Agency Information Collection Activities; Proposed Collection; 
Comment Request; Report of International Transportation of Currency or 
Monetary Instruments

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

ACTION: Notice and request for comments regarding the renewal without 
change of the Report of International Transportation of Currency or 
Monetary Instruments (``CMIR'').

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

SUMMARY: As part of our continuing effort to reduce paperwork and 
respondent burden, FinCEN invites the general public and other Federal 
agencies to comment on an information collection requirement concerning 
the CMIR. This request for comment is being made pursuant to the 
Paperwork Reduction Act of 1995 (``PRA''), Public Law 10 U.S.C. 
3506(c)(2)(A)).

DATES: Written comments should be received on or before September 15, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to: Policy Division, Financial 
Crimes Enforcement Network, Department of the Treasury, P.O. Box 39, 
Vienna, VA 22183-0039, Attention: PRA Comments--Report of International 
Transportation of Currency or Monetary Instruments. 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--Report of International Transportation of 
Currency or Monetary Instruments.''
    Inspection of comments: 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: FinCEN Resource Center at 1-800-767-
2825 or 1-703-905-3591 (not a toll free number) and select option 3 for 
regulatory questions. Email inquiries can be sent to FRC@fincen.gov.
    A copy of the form may also be obtained from the FinCEN Web site at 
https://www.fincen.gov/forms/files/fin105_cmir.pdf.

SUPPLEMENTARY INFORMATION: 
    Title: Report of International Transportation of Currency or 
Monetary Instruments (CMIR).
    Office of Management and Budget Number (``OMB''): 1506-0014.
    Form Number: FinCEN Form 105.
    Abstract: FinCEN exercises regulatory functions primarily under the 
Currency and Financial Transactions Reporting Act of 1970, as amended 
by the USA PATRIOT Act of 2001 and other legislation. This legislative 
framework is commonly referred to as the ``Bank Secrecy Act'' 
(``BSA'').\1\ The Secretary of the Treasury has delegated to the 
Director of FinCEN the authority to implement, administer and enforce 
compliance with the BSA and associated regulations.\2\ Pursuant to this 
authority, FinCEN may issue regulations requiring financial 
institutions to keep records and file reports that ``have a high degree 
of usefulness in criminal, tax, or regulatory investigations or 
proceedings, or in the conduct of intelligence or counterintelligence 
activities, including analysis, to protect against international 
terrorism.'' \3\ Additionally, FinCEN is authorized to impose 
regulations to maintain procedures to ensure compliance with the BSA 
and FinCEN's implementing regulations, or to guard against money 
laundering, which includes imposing anti-money laundering (``AML'') 
program requirements on financial institutions.\4\
---------------------------------------------------------------------------

    \1\ The BSA is codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1959, 
31 U.S.C. 5311-5314 and 5316-5332 and notes thereto, with 
implementing regulations at 31 CFR Chapter X. See 31 CFR 
1010.100(e).
    \2\ Treasury Order 180-01 (Jul. 1, 2014).
    \3\ 31 U.S.C. 5311.
    \4\ 31 U.S.C. 5318(a) and (h).
---------------------------------------------------------------------------

    Pursuant to the BSA, the requirement of 31 U.S.C. 5316(a) has been 
implemented through regulations promulgated at 31 CFR 1010.340 and 
through the instructions for the CMIR as follows:
    (1) Each person who physically transports, mails, or ships, or 
causes to be physically transported, mailed, or shipped currency or 
other monetary instruments in an aggregate amount exceeding $10,000 at 
one time from the United States to any place outside the United States 
or into the United States from any place outside the United States, and
    (2) Each person who receives in the United States currency or other 
monetary instruments in an aggregate amount exceeding $10,000 at one 
time which have been transported, mailed, or shipped to the person from 
any place outside the United States. A transfer of funds through normal 
banking procedures, which does not involve the physical transportation 
of currency or monetary instruments, is not required to be reported on 
the CMIR.

[[Page 42610]]

    Information collected on the CMIR is made available, in accordance 
with strict safeguards, to appropriate criminal law enforcement and 
regulatory personnel in the official performance of their duties. The 
information collected is of use in investigations involving 
international and domestic money laundering, tax evasion, fraud, and 
other financial crimes.
    Current Actions: Renewal without change.
    Type of Review: Renewal of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
institutions, and not-for-profit institutions.
    Estimated Number of Respondents: 280,000.
    Estimated Time Per Respondent: 30 minutes.
    Estimated Total Annual Burden Hours: 140,000 hours.
    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: July 13, 2015.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network
[FR Doc. 2015-17624 Filed 7-16-15; 8:45 am]
 BILLING CODE 4810-02-P
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