Financial Crimes Enforcement Network; Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Banco Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and Delta Asia Insurance Limited, as a Financial Institution of Primary Money Laundering Concern, 48886-48887 [2016-17631]

Agencies

• DEPARTMENT OF THE TREASURY

[Federal Register Volume 81, Number 143 (Tuesday, July 26, 2016)]
[Notices]
[Pages 48886-48887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17631]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Renewal Without 
Change; Comment Request; Imposition of Special Measure Against Banco 
Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and 
Delta Asia Insurance Limited, as a Financial Institution of Primary 
Money Laundering Concern

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Notice and request for comments.

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SUMMARY: As part of a continuing effort to reduce paperwork and 
respondent burden, the Financial Crimes Enforcement Network 
(``FinCEN'') invites comment on a renewal, without change, to 
information collection requirements finalized on March 19, 2007 (72 FR 
12730, RIN 1506-AA83) imposing a special measure against Banco Delta 
Asia, including its subsidiaries Delta Asia Credit Limited and Delta 
Asia Insurance Limited, as a financial institution of primary money 
laundering concern. 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 26, 2016.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comment 
Request; Imposition of Special Measure against Banco Delta Asia.
     Comments also may be submitted by electronic mail to the 
following Internet address: regcomments@fincen.gov, with the caption, 
``Attention: Comment Request; Imposition of Special Measure against 
Banco Delta Asia'' in the body of the text.
     Please submit by one method only. All comments submitted 
by either method in response to this notice will become a matter of 
public record. Therefore, you should submit only information that you 
wish to make publicly available.
    Inspection of comments: Comments will be posted on the FinCEN 
public Web site. Persons wishing to review the comments submitted may 
access the posted comments by going to https://www.fincen.gov/statutes_regs/frn/.

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: The Director of FinCEN is the delegated administrator of 
the Bank Secrecy Act (``Act''). The Act authorizes the Director to 
issue regulations to require all financial institutions defined as such 
in the Act to maintain or file certain reports or records that have 
been determined to have a high degree of usefulness in criminal, tax, 
or regulatory investigations or proceedings, or in the conduct of 
intelligence or counter-intelligence activities, including analysis, to 
protect against international terrorism.\1\
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    \1\ Public Law 91-508, as amended and codified at 12 U.S.C. 
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. Language 
expanding the scope of the Bank Secrecy Act 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.
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    The notice of final rulemaking implemented section 5318A of Title 
31, United States Code, by adding section Sec.  1010.655 to 31 CFR 
Chapter X. In general, the regulations require covered financial 
institutions to establish, document, and maintain programs as an aid in 
protecting and securing the U.S. financial system.
    Title: Imposition of Special Measure against Banco Delta Asia, 
including its subsidiaries Delta Asia Credit Limited and Delta Asia 
Insurance Limited, as a financial institution of primary money 
laundering concern.
    Office of Management and Budget (``OMB'') Control Number: 1506-
0045.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the imposition of a special measure against Banco Delta 
Asia, including its subsidiaries Delta Asia Credit Limited and Delta 
Asia Insurance Limited, as a financial institution of primary money 
laundering concern pursuant to the authority contained in 31 U.S.C. 
5318A.
    Current Action: Renewal without change for existing proposed 
regulations.
    Type of Review: Extension of a currently approved information 
collection.
    Affected Public: Businesses and certain not-for-profit 
institutions.
    Burden: Estimated Number of Respondents: 5,000.
    Estimated Number of Responses: 5,000.
    Estimated Number of Hours: 5,000.
    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 OMB. Records required to be retained under 
the Act must be retained for five years. Generally, information 
collected pursuant to the 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 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,

[[Page 48887]]

maintenance and purchase of services to provide information.

    Dated: July 21, 2016.
Jamal El-Hindi,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2016-17631 Filed 7-25-16; 8:45 am]
 BILLING CODE 4810-02-P