Proposed Renewal; Comment Request; Anti-Money Laundering Programs for Precious Metals, Precious Stones, or Jewels, 42610-42611 [2015-17627]

Download as PDF 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 Federal Register / Vol. 80, No. 137 / Friday, July 17, 2015 / Notices and Budget. Records required to be retained under the Bank Secrecy Act must be retained for five years. Generally, information collected pursuant to the Bank Secrecy Act 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 Office of Management and Budget 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. 2015–17627 Filed 7–16–15; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: States Where Licensed for Surety Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104– 13 (44 U.S.C. 3506(c)(2)(A). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the ‘‘States Where Licensed for Surety.’’ DATES: Written comments should be received on or before September 15, 2015 to be assured of consideration. srobinson on DSK5SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 20:59 Jul 16, 2015 Jkt 235001 Direct all written comments to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4–A, Parkersburg, WV 26106–1328, or bruce. sharp@fiscal.treasury.gov. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies should be directed to Melvin Saunders, Supervisor, Surety Bond Section, 3700 East West Highway, Room 6D22, Hyattsville, MD 20782, (202) 874– 5283. SUPPLEMENTARY INFORMATION: Title: States Where Licensed for Surety OMB Number: 1530–0009 (Previously approved as 1510–0013 as a collection conducted by Department of the Treasury/Financial Management Service.) Transfer of OMB Control Number: The Bureau of Public Debt (BPD) and the Financial Management Service (FMS) have consolidated to become the Bureau of the Fiscal Service (Fiscal Service). Information collection requests previously held separately by BPD and FMS will now be identified by a 1530 prefix, designating Fiscal Service. Abstract: Information is collected from insurance companies in order to provide Federal bond approving officers with this information. The listing of states, by company, appears in Treasury’s Circular 570, ‘‘Surety Companies Acceptable on Federal Bonds.’’ Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: Business or other forprofit. Estimated Number of Respondents: 262. Estimated Time per Respondent: 1 hours. Estimated Total Annual Burden Hours: 262. 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 ADDRESSES: PO 00000 Frm 00145 Fmt 4703 Sfmt 4703 42611 technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: December 23, 2014. Bruce A. Sharp, Bureau Clearance Officer. Editorial Note: This document was received for publication by the Office of the Federal Register on July 14, 2015. [FR Doc. 2015–17636 Filed 7–16–15; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Collateral Security Resolution and Collateral Pledge and Security Agreement Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on a proposed and/or continuing information collection, as required by the Paperwork Reduction Act of 1995, Public Law 104– 13 (44 U.S.C. 3506(c)(2)(A)). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning ‘‘Collateral Security Resolution’’ and ‘‘Collateral Pledge and Security Agreement.’’ SUMMARY: Written comments should be received on or before September 15, 2015 to be assured of consideration. ADDRESSES: Direct all written comments and requests for further information to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4–A, Parkersburg, WV 26106–1328, or bruce.sharp@fiscal.treasury.gov. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form(s) and instructions should be directed to Mark Stromer, Bank Policy and Oversight Division, Room 314, 401 14th Street SW., Liberty Center Building, Washington, DC 20227, 202–874–7018, or mark.stromer@ fiscal.treasury.gov. DATES: SUPPLEMENTARY INFORMATION: Titles: Collateral Security Resolution and Collateral Pledge and Security Agreement. OMB Number: 1530–0017 (Previously approved as 1510–0067 as a collection conducted by Department of the E:\FR\FM\17JYN1.SGM 17JYN1

Agencies

[Federal Register Volume 80, Number 137 (Friday, July 17, 2015)]
[Notices]
[Pages 42610-42611]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-17627]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Renewal; Comment Request; Anti-Money Laundering Programs 
for Precious Metals, Precious Stones, or Jewels

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

ACTION: Notice and request for comments.

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

SUMMARY: 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 anti-money 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: Anti-
Money 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 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).
---------------------------------------------------------------------------

    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 anti-money 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 anti-money 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

[[Page 42611]]

and Budget. Records required to be retained under the Bank Secrecy Act 
must be retained for five years. Generally, information collected 
pursuant to the Bank Secrecy Act 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 Office of Management and Budget 
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. 2015-17627 Filed 7-16-15; 8:45 am]
 BILLING CODE 4810-02-P

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