Agency Information Collection Activities; Information Collection Extension With Revision; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment, 143-144 [2015-33023]
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Federal Register / Vol. 81, No. 1 / Monday, January 4, 2016 / Notices
consummation with the Board to signify
that it has exercised the authority
granted and fully abandoned the Line. If
consummation has not been effected by
UP’s filing of a notice of consummation
by January 4, 2017, and there are no
legal or regulatory barriers to
consummation, the authority to
abandon will automatically expire.
Board decisions and notices are
available on our Web site at
www.stb.dot.gov.
Decided: December 22, 2015.
By the Board, Rachel D. Campbell,
Director, Office of Proceedings.
Raina S. Contee,
Clearance Clerk.
[FR Doc. 2015–32968 Filed 12–31–15; 8:45 am]
BILLING CODE 4915–01–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities; Information Collection
Extension With Revision; Comment
Request; Bank Secrecy Act/Money
Laundering Risk Assessment
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, 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 continuing information
collection, as required by the Paperwork
Reduction Act of 1995.
In accordance with the requirements
of the Paperwork Reduction Act of 1995
(44 U.S.C. chapter 35) (PRA), the OCC
may not conduct or sponsor, and the
respondent is not required to respond
to, an information collection unless it
displays a currently valid Office of
Management and Budget (OMB) control
number.
The OCC is soliciting comment
concerning its information collection
entitled, ‘‘Bank Secrecy Act/Money
Laundering Risk Assessment,’’ also
known as the Money Laundering Risk
(MLR) System.
DATES: Comments must be submitted by
March 4, 2016.
ADDRESSES: Because paper mail in the
Washington, DC area and at the OCC is
subject to delay, commenters are
encouraged to submit comments by
email, if possible. Comments may be
sent to: Legislative and Regulatory
Activities Division, Office of the
tkelley on DSK3SPTVN1PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:43 Dec 31, 2015
Jkt 238001
Comptroller of the Currency, Attention:
1557–0231, 400 7th Street SW., Suite
3E–218, Mail Stop 9W–11, Washington,
DC 20219. In addition, comments may
be sent by fax to (571) 465–4326 or by
electronic mail to prainfo@occ.treas.gov.
You may personally inspect and
photocopy comments at the OCC, 400
7th Street SW., Washington, DC, 20219.
For security reasons, the OCC requires
that visitors make an appointment to
inspect comments. You may do so by
calling (202) 649–6700, or for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597. Upon arrival, visitors
will be required to present valid
government-issued photo identification
and submit to security screening in
order to inspect and photocopy
comments.
All comments received, including
attachments and other supporting
materials, are part of the public record
and subject to public disclosure. Do not
include any information in your
comment or supporting materials that
you consider confidential or
inappropriate for public disclosure.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance
Officer, (202) 874–5090, or for persons
who are deaf or hard of hearing, TTY,
(202) 649–5597, Legislative and
Regulatory Activities Division, Office of
the Comptroller of the Currency, 400 7th
Street SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the
PRA, Federal agencies must obtain
approval from the OMB for each
collection of information they conduct
or sponsor. ‘‘Collection of information’’
is defined in 44 U.S.C. 3502(3) and 5
CFR 1320.3(c) to include questions
posed to agencies, instrumentalities, or
employees of the United States, if the
results are to be used for general
statistical purposes, that is, if the results
are to be used for statistical
compilations of general public interest,
including compilations showing the
status or implementation of Federal
activities and programs. Section
3506(c)(2)(A) of the PRA requires
Federal agencies to provide a 60-day
notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension or revision of an existing
collection of information, before
submitting the collection to OMB for
approval. In compliance with the PRA,
the OCC is publishing notice of the
proposed extension with revision of the
collection of information set forth in
this document.
The MLR System enhances the ability
of examiners and bank management to
identify and evaluate Bank Secrecy Act/
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143
Money Laundering and Office of
Foreign Asset Control (OFAC) sanctions
risks associated with banks’ products,
services, customers, and locations. As
new products and services are
introduced, existing products and
services change, and banks expand
through mergers and acquisitions,
banks’ evaluation of money laundering
and terrorist financing risks should
evolve as well. Consequently, the MLR
risk assessment is an important tool for
the OCC’s Bank Secrecy Act/AntiMoney Laundering/OFAC supervision
activities because it allows the agency to
better identify those institutions, and
areas within institutions, that pose
heightened risk and allocate
examination resources accordingly. This
risk assessment is critical in protecting
U.S. financial institutions of all sizes
from potential abuse from money
laundering and terrorist financing.
Absent an appropriate risk assessment,
applicable controls cannot be effectively
implemented for the lines of business,
products, or entities that would elevate
Bank Secrecy Act/Money Laundering
and OFAC compliance risks.
We will collect MLR information for
all financial institutions supervised by
the OCC.
The OCC recently updated the annual
Risk Summary Form (RSF). The 2015
form has a fully automated format that
makes data entry quick and efficient and
provides an electronic record for all
parties.
The OCC estimates the burden of this
collection of information as follows:
Burden Estimates
Community Bank and Federal
Branches and Agencies populations:
Estimated Number of Respondents:
1,450.
Estimated Number of Responses:
1,450.
Frequency of Response: Annually.
Estimated Annual Burden: 8,700
hours.
Midsize Bank population:
Estimated Number of Respondents:
47.
Estimated Number of Responses: 47.
Frequency of Response: Annually.
Estimated Annual Burden: 1,175
hours.
Large Bank population:
Estimated Number of Respondents:
38.
Estimated Number of Responses: 38.
Frequency of Response: Annually.
Estimated Annual Burden: 3,040
hours.
With respect to the above collection of
information, the OCC invites comments
on these topics:
E:\FR\FM\04JAN1.SGM
04JAN1
144
Federal Register / Vol. 81, No. 1 / Monday, January 4, 2016 / Notices
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information has 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 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.
All comments will become a matter of
public record. Written comments should
address the accuracy of the burden
estimates and ways to minimize burden
including the use of automated
collection techniques or the use of other
forms of information technology as well
as other relevant aspects of the
information collection request.
BILLING CODE 4810–33–P
DEPARTMENT OF VETERANS
AFFAIRS
Commission on Care
Notice of meeting.
tkelley on DSK3SPTVN1PROD with NOTICES
In accordance with the Federal
Advisory Committee Act, 5 U.S.C., App.
2, the Commission on Care gives notice
that it will meet on Tuesday, January 19,
2016 and Thursday, January 21, 2016 at
the J.W. Marriott, Jr. ASAE Conference
Center, 1575 I St. NW., Washington, DC
20005. The meeting will convene at 8:30
a.m. and end by 6:00 p.m. on Tuesday,
January 19, 2016. The meeting will
convene at 8:30 a.m. and end by 3:00
16:43 Dec 31, 2015
Jkt 238001
[FR Doc. 2015–33051 Filed 12–31–15; 8:45 am]
BILLING CODE 8320–01–P
MyVA Federal Advisory Committee;
Notice of Meeting
[FR Doc. 2015–33023 Filed 12–31–15; 8:45 am]
VerDate Sep<11>2014
Dated: December 29, 2015.
John Goodrich,
Designated Federal Officer, Commission on
Care.
DEPARTMENT OF VETERANS
AFFAIRS
Dated: December 28, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and
Regulatory Activities Division.
ACTION:
p.m. on Thursday, January 21, 2016.
The meetings are open to the public.
The purpose of the Commission, as
described in section 202 of the Veterans
Access, Choice, and Accountability Act
of 2014, is to examine the access of
veterans to health care from the
Department of Veterans Affairs and
strategically examine how best to
organize the Veterans Health
Administration, locate health care
resources, and deliver health care to
veterans during the next 20 years.
No time will be allocated at these
meetings for receiving oral presentations
from the public. The public may submit
written statements for the Commission’s
review to commissiononcare@va.gov .
Any member of the public wanting to
attend may also register their intention
to attend by emailing the same address.
The Department of Veterans Affairs
(VA) gives notice under the Federal
Advisory Committee Act, 5 U.S.C. App.
2., that the MyVA Advisory Committee
(MVAC) will meet February 1–2, 2016,
at the Department of Veterans Affairs,
Veterans Benefits Administration
Training Academy, 31 Hopkins Plaza,
Baltimore, MD 21201.
The purpose of the Committee is to
advise the Secretary, through the
Executive Director, MyVA Task Force
Office regarding the My VA initiative
and VA’s ability to rebuild trust with
Veterans and other stakeholders,
improve service delivery with a focus
on Veteran outcomes, and set the course
for longer-term excellence and reform of
VA.
On February 1, from 8:00 a.m. to 9:45
a.m., the Committee will convene a
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closed session in order to protect
Veteran privacy as the Committee tours
the Veterans Benefits Administration
Training Academy, 31 Hopkins Plaza,
Baltimore, MD 21201. 5 U.S.C.
552b(b)(6). From 10:00 a.m. to 5:45 p.m.,
the Committee will reconvene in an
open session to discuss the progress on
and the integration of the work in the
five key MyVA work streams—Veteran
Experience (explaining the efforts
conducted to improve the Veteran’s
experience), Employees Experience,
Support Services Excellence (such as
information technology, human
resources, and finance), Performance
Improvement (projects undertaken to
date and those upcoming), and VA
Strategic Partnerships.
On February 2, from 8:00 a.m. to 3:30
p.m., the Committee will meet at the
Veterans Benefits Administration
Training Academy, 31 Hopkins Plaza,
Baltimore, MD 21201, to discuss and
recommend areas for improvement on
VA’s work to date, plans for the future,
and integration of the MyVA efforts.
This session is open to the public. No
time will be allocated at this meeting for
receiving oral presentations from the
public. However, the public may submit
written statements for the Committee’s
review to Debra Walker, Designated
Federal Officer, MyVA Program
Management Office, Department of
Veterans Affairs, 1800 G Street NW.,
Room 880–40, Washington, DC 20420,
or email at Debra.Walker3@va.gov. Any
member of the public wishing to attend
the meeting or seeking additional
information should contact Ms. Walker.
Because the meeting will be held in
a Government building, anyone
attending must be prepared to show a
valid photo government issued ID.
Please allow a minimum of one hour to
move through the security process,
which includes a metal detector, prior
to the start of the meeting.
Dated: December 29, 2015.
Jelessa Burney,
Federal Advisory Committee Management
Officer.
[FR Doc. 2015–33040 Filed 12–31–15; 8:45 am]
BILLING CODE P
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04JAN1
Agencies
[Federal Register Volume 81, Number 1 (Monday, January 4, 2016)]
[Notices]
[Pages 143-144]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-33023]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection
Extension With Revision; Comment Request; Bank Secrecy Act/Money
Laundering Risk Assessment
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, 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 continuing
information collection, as required by the Paperwork Reduction Act of
1995.
In accordance with the requirements of the Paperwork Reduction Act
of 1995 (44 U.S.C. chapter 35) (PRA), the OCC may not conduct or
sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number.
The OCC is soliciting comment concerning its information collection
entitled, ``Bank Secrecy Act/Money Laundering Risk Assessment,'' also
known as the Money Laundering Risk (MLR) System.
DATES: Comments must be submitted by March 4, 2016.
ADDRESSES: Because paper mail in the Washington, DC area and at the OCC
is subject to delay, commenters are encouraged to submit comments by
email, if possible. Comments may be sent to: Legislative and Regulatory
Activities Division, Office of the Comptroller of the Currency,
Attention: 1557-0231, 400 7th Street SW., Suite 3E-218, Mail Stop 9W-
11, Washington, DC 20219. In addition, comments may be sent by fax to
(571) 465-4326 or by electronic mail to prainfo@occ.treas.gov. You may
personally inspect and photocopy comments at the OCC, 400 7th Street
SW., Washington, DC, 20219. For security reasons, the OCC requires that
visitors make an appointment to inspect comments. You may do so by
calling (202) 649-6700, or for persons who are deaf or hard of hearing,
TTY, (202) 649-5597. Upon arrival, visitors will be required to present
valid government-issued photo identification and submit to security
screening in order to inspect and photocopy comments.
All comments received, including attachments and other supporting
materials, are part of the public record and subject to public
disclosure. Do not include any information in your comment or
supporting materials that you consider confidential or inappropriate
for public disclosure.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 874-5090, or for persons who are deaf or hard of
hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities
Division, Office of the Comptroller of the Currency, 400 7th Street
SW., Washington, DC 20219.
SUPPLEMENTARY INFORMATION: Under the PRA, Federal agencies must obtain
approval from the OMB for each collection of information they conduct
or sponsor. ``Collection of information'' is defined in 44 U.S.C.
3502(3) and 5 CFR 1320.3(c) to include questions posed to agencies,
instrumentalities, or employees of the United States, if the results
are to be used for general statistical purposes, that is, if the
results are to be used for statistical compilations of general public
interest, including compilations showing the status or implementation
of Federal activities and programs. Section 3506(c)(2)(A) of the PRA
requires Federal agencies to provide a 60-day notice in the Federal
Register concerning each proposed collection of information, including
each proposed extension or revision of an existing collection of
information, before submitting the collection to OMB for approval. In
compliance with the PRA, the OCC is publishing notice of the proposed
extension with revision of the collection of information set forth in
this document.
The MLR System enhances the ability of examiners and bank
management to identify and evaluate Bank Secrecy Act/Money Laundering
and Office of Foreign Asset Control (OFAC) sanctions risks associated
with banks' products, services, customers, and locations. As new
products and services are introduced, existing products and services
change, and banks expand through mergers and acquisitions, banks'
evaluation of money laundering and terrorist financing risks should
evolve as well. Consequently, the MLR risk assessment is an important
tool for the OCC's Bank Secrecy Act/Anti-Money Laundering/OFAC
supervision activities because it allows the agency to better identify
those institutions, and areas within institutions, that pose heightened
risk and allocate examination resources accordingly. This risk
assessment is critical in protecting U.S. financial institutions of all
sizes from potential abuse from money laundering and terrorist
financing. Absent an appropriate risk assessment, applicable controls
cannot be effectively implemented for the lines of business, products,
or entities that would elevate Bank Secrecy Act/Money Laundering and
OFAC compliance risks.
We will collect MLR information for all financial institutions
supervised by the OCC.
The OCC recently updated the annual Risk Summary Form (RSF). The
2015 form has a fully automated format that makes data entry quick and
efficient and provides an electronic record for all parties.
The OCC estimates the burden of this collection of information as
follows:
Burden Estimates
Community Bank and Federal Branches and Agencies populations:
Estimated Number of Respondents: 1,450.
Estimated Number of Responses: 1,450.
Frequency of Response: Annually.
Estimated Annual Burden: 8,700 hours.
Midsize Bank population:
Estimated Number of Respondents: 47.
Estimated Number of Responses: 47.
Frequency of Response: Annually.
Estimated Annual Burden: 1,175 hours.
Large Bank population:
Estimated Number of Respondents: 38.
Estimated Number of Responses: 38.
Frequency of Response: Annually.
Estimated Annual Burden: 3,040 hours.
With respect to the above collection of information, the OCC
invites comments on these topics:
[[Page 144]]
(a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information has 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 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.
All comments will become a matter of public record. Written
comments should address the accuracy of the burden estimates and ways
to minimize burden including the use of automated collection techniques
or the use of other forms of information technology as well as other
relevant aspects of the information collection request.
Dated: December 28, 2015.
Mary H. Gottlieb,
Regulatory Specialist, Legislative and Regulatory Activities Division.
[FR Doc. 2015-33023 Filed 12-31-15; 8:45 am]
BILLING CODE 4810-33-P