Proposed Renewal Without Change; Comment Request; Anti-Money Laundering Programs; Due Diligence Programs for Correspondent Accounts for Foreign Financial Institutions, 15790-15791 [2017-06300]
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15790
Federal Register / Vol. 82, No. 60 / Thursday, March 30, 2017 / Notices
Estimated Number of Responses:
1,000. (Avg. 250 per request).3
Estimated Number of Hours: 10,000.
(30 minutes per response).4
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 (‘‘OMB’’).
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.
Jamal El Hindi,
Deputy Director, Financial Crimes
Enforcement Network.
[FR Doc. 2017–06301 Filed 3–29–17; 8:45 am]
asabaliauskas on DSK3SPTVN1PROD with NOTICES
BILLING CODE 4810–02–P
in commodities (1,249), and open end mutual funds
(1,660), and money services businesses (44,300),
Residential Mortgage Lenders and Originators
(31,000), Dealers in precious metals, precious
stones, or jewels (20,000), insurance companies
(1,200), operators of credit card systems (6), and
entities required to report cash payments over
$10,000 received in a trade or business, form 8300
(46,800), each as defined under the BSA.
3 FinCEN has submitted, on average, four requests
per year each with 250 respondents.
4 The FinCEN surveys average 30 minutes to
complete. OMB has allocated 10,000 hours for the
three-year period covered by this notice.
VerDate Sep<11>2014
19:09 Mar 29, 2017
Jkt 241001
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Renewal Without Change;
Comment Request; Anti-Money
Laundering Programs; Due Diligence
Programs for Correspondent Accounts
for Foreign Financial Institutions
Financial Crimes Enforcement
Network (‘‘FinCEN’’), Department of the
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 an information collection found in
existing regulations requiring U.S.
financial institutions to establish due
diligence policies, procedures, and
controls reasonably designed to detect
and report money laundering through
correspondent accounts that U.S.
financial institutions establish or
maintain for certain foreign financial
institutions. This request for comments
is being made pursuant to the
Paperwork Reduction Act of 1995.
DATES: Written comments are welcome
and must be received on or before May
30, 2017.
ADDRESSES: Written comments should
be submitted to: Financial Crimes
Enforcement Network, P.O. Box 39,
Vienna, VA 22183, Attention:
Comments on Anti-Money Laundering
Program and Due Diligence Programs for
Correspondent Accounts for Foreign
Financial Institutions. 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: Comments on Anti-Money
Laundering Program and Due Diligence
Programs for Correspondent Accounts
for Foreign Financial Institutions.’’
Please submit by one method only.
FOR FURTHER INFORMATION CONTACT: The
FinCEN Resource Center at 800–767–
2825 or electronically at frc@fincen.gov.
SUPPLEMENTARY INFORMATION: Abstract:
The Director 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 counterintelligence activities, including
analysis, to protect against international
SUMMARY:
PO 00000
Frm 00106
Fmt 4703
Sfmt 4703
terrorism, and to implement anti-money
laundering programs and compliance
procedures.1
Title: Anti-Money Laundering
Programs and Due Diligence Programs
for Correspondent Accounts for Foreign
Financial Institutions (31 CFR
1010.610).
Office of Management and Budget
Control Number: 1506–0046.
Abstract: FinCEN is renewing,
without change, the regulation
implementing section 5318(i)(1) and (2)
of the Act, found at 31 CFR 1010.610.
In general, the regulation requires
covered financial institutions, as
defined in 31 CFR 1010.605(e)(1), to
establish due diligence and, in some
circumstances, enhanced due diligence
policies, procedures, and controls
reasonably designed to detect and report
money laundering through
correspondent accounts that covered
U.S. financial institutions establish or
maintain for certain foreign financial
institutions.
Current Action: Renewal without
change to existing regulations.
Type of Review: Extension of a
currently approved information
collection.
Affected Public: Businesses and other
for-profit institutions.
Burden: Estimated Number of
Respondents: 18,882.2
Estimated Number of Responses:
18,882.
Estimated Number of Hours: 37,764.
(Two hours per response).
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 (‘‘OMB’’).
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
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
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
(‘‘USA PATRIOT’’) Act of 2001, Public Law 107–
56.
2 This number includes depository institutions
(10,772), broker-dealers in securities (5,100), future
commission merchants (101), introducing brokers
in commodities (1,249), and open-end mutual funds
(1,660), each as defined under the BSA.
E:\FR\FM\30MRN1.SGM
30MRN1
Federal Register / Vol. 82, No. 60 / Thursday, March 30, 2017 / Notices
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.
Notice of OFAC Actions
On March 27, 2017, OFAC, in
consultation with the U.S. Department
of State, removed from the SDN List the
individual listed below, whose property
and interests in property were blocked
pursuant to Executive Order 13391 (E.O.
13391).
1. GAMBE, Theophilus Pharaoh; DOB
20 Jun 1959; Passport ZA567403
(Zimbabwe); Chairman, Electoral
Supervisory Commission (individual)
[ZIMBABWE—E.O. 13391].
Dated: March 27, 2017.
Andrea M. Gacki,
Acting Director, Office of Foreign Assets
Control.
[FR Doc. 2017–06302 Filed 3–29–17; 8:45 am]
BILLING CODE 4810–AL–P
Jamal El Hindi,
Deputy Director, Financial Crimes
Enforcement Network.
DEPARTMENT OF THE TREASURY
[FR Doc. 2017–06300 Filed 3–29–17; 8:45 am]
Internal Revenue Service
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Open Meeting of the Taxpayer
Advocacy Panel Special Projects
Committee
Office of Foreign Assets Control
AGENCY:
Unblocking of Specially Designated
Nationals and Blocked Persons
Pursuant to Executive Order 13391
ACTION:
Internal Revenue Service (IRS),
Treasury.
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the name
of one individual whose property and
interests in property have been
unblocked pursuant to Executive Order
13391 of November 22, 2005, ‘‘Blocking
Property of Additional Persons
Undermining Democratic Processes or
Institutions in Zimbabwe.’’
DATES: OFAC’s actions described in this
notice are effective as of March 27,
2017.
FOR FURTHER INFORMATION CONTACT:
Associate Director for Global Targeting,
tel.: 202/622–2420, Assistant Director
for Sanctions Compliance & Evaluation,
tel.: 202/622–2490, Assistant Director
for Licensing, tel.: 202/622–2480, Office
of Foreign Assets Control, or Chief
Counsel (Foreign Assets Control), tel.:
202/622–2410 (not toll free numbers).
SUPPLEMENTARY INFORMATION:
asabaliauskas on DSK3SPTVN1PROD with NOTICES
SUMMARY:
Electronic Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available from OFAC’s
Web site (www.treasury.gov/ofac).
19:09 Mar 29, 2017
Jkt 241001
An open meeting of the
Taxpayer Advocacy Panel Special
Projects Committee will be conducted.
The Taxpayer Advocacy Panel is
soliciting public comments, ideas, and
suggestions on improving customer
service at the Internal Revenue Service.
SUMMARY:
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
VerDate Sep<11>2014
Notice of meeting.
The meeting will be held
Tuesday, April 11, 2017.
DATES:
FOR FURTHER INFORMATION CONTACT:
Matthew O’Sullivan at 1–888–912–1227
or (510) 907–5274.
Notice is
hereby given pursuant to Section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that a meeting of the Taxpayer
Advocacy Panel Special Projects
Committee will be held Tuesday, April
11, 2017, at 1:00 p.m. Eastern Time via
teleconference. The public is invited to
make oral comments or submit written
statements for consideration. Due to
limited conference lines, notification of
intent to participate must be made with
Matthew O’Sullivan. For more
information please contact Matthew
O’Sullivan at 1–888–912–1227 or (510)
907–5274, or write TAP Office, 1301
Clay Street, Oakland, CA 94612–5217 or
contact us at the Web site: https://
www.improveirs.org. The agenda will
include various IRS issues.
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
15791
The agenda will include a discussion
on various special topics with IRS
processes.
Dated: March 22, 2017.
Kevin Brown,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2017–06236 Filed 3–29–17; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8655 and Revenue
Procedure 2012–32
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 8655,
Reporting Agent Authorization and
Revenue Procedure 2012–32.
DATES: Written comments should be
received on or before May 30, 2017 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington, at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW.,
Washington DC 20224, or through the
internet, at Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Reporting Agent Authorization.
OMB Number: 1545–1058.
Form Number: Form 8655 and
Revenue Procedure 2012–32.
Abstract: Form 8655 allows a taxpayer
to designate a reporting agent to file
certain employment tax returns
electronically or on magnetic tape, to
receive copies of notices and other tax
information, and to submit Federal tax
deposits. This form allows IRS to
disclose tax account information and to
provide duplicate copies of taxpayer
correspondence to authorized agents.
Revenue Procedure 2012–32 provides
the requirements for completing and
submitting Form 8655, Reporting Agent
SUMMARY:
E:\FR\FM\30MRN1.SGM
30MRN1
]]>Agencies
[Federal Register Volume 82, Number 60 (Thursday, March 30, 2017)]
[Notices]
[Pages 15790-15791]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-06300]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Renewal Without Change; Comment Request; Anti-Money
Laundering Programs; Due Diligence Programs for Correspondent Accounts
for Foreign Financial Institutions
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Department
of the 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 an information collection found in existing regulations
requiring U.S. financial institutions to establish due diligence
policies, procedures, and controls reasonably designed to detect and
report money laundering through correspondent accounts that U.S.
financial institutions establish or maintain for certain foreign
financial institutions. This request for comments is being made
pursuant to the Paperwork Reduction Act of 1995.
DATES: Written comments are welcome and must be received on or before
May 30, 2017.
ADDRESSES: Written comments should be submitted to: Financial Crimes
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comments
on Anti-Money Laundering Program and Due Diligence Programs for
Correspondent Accounts for Foreign Financial Institutions. 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: Comments on Anti-Money Laundering Program and
Due Diligence Programs for Correspondent Accounts for Foreign Financial
Institutions.'' Please submit by one method only.
FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800-767-
2825 or electronically at frc@fincen.gov.
SUPPLEMENTARY INFORMATION: Abstract: The Director 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, and to implement anti-money laundering programs and
compliance procedures.\1\
---------------------------------------------------------------------------
\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 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 (``USA PATRIOT'') Act of 2001, Public Law 107-56.
---------------------------------------------------------------------------
Title: Anti-Money Laundering Programs and Due Diligence Programs
for Correspondent Accounts for Foreign Financial Institutions (31 CFR
1010.610).
Office of Management and Budget Control Number: 1506-0046.
Abstract: FinCEN is renewing, without change, the regulation
implementing section 5318(i)(1) and (2) of the Act, found at 31 CFR
1010.610. In general, the regulation requires covered financial
institutions, as defined in 31 CFR 1010.605(e)(1), to establish due
diligence and, in some circumstances, enhanced due diligence policies,
procedures, and controls reasonably designed to detect and report money
laundering through correspondent accounts that covered U.S. financial
institutions establish or maintain for certain foreign financial
institutions.
Current Action: Renewal without change to existing regulations.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Burden: Estimated Number of Respondents: 18,882.\2\
---------------------------------------------------------------------------
\2\ This number includes depository institutions (10,772),
broker-dealers in securities (5,100), future commission merchants
(101), introducing brokers in commodities (1,249), and open-end
mutual funds (1,660), each as defined under the BSA.
---------------------------------------------------------------------------
Estimated Number of Responses: 18,882.
Estimated Number of Hours: 37,764. (Two hours per response).
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
(``OMB''). 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
[[Page 15791]]
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.
Jamal El Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2017-06300 Filed 3-29-17; 8:45 am]
BILLING CODE 4810-02-P
