Agency Information Collection Activities; Comment Request; Renewal Without Change of Bank Secrecy Act Regulations Requiring Depository Institutions and Insurance Companies To Report Suspicious Activity, 5829-5830 [2018-02583]

Download as PDF Federal Register / Vol. 83, No. 28 / Friday, February 9, 2018 / Notices The following paragraph applies to the reporting and recordkeeping requirements addressed in this notice. 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: February 5, 2018. Jamal El-Hindi, Deputy Director, Financial Crimes Enforcement Network. [FR Doc. 2018–02584 Filed 2–8–18; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Agency Information Collection Activities; Comment Request; Renewal Without Change of Bank Secrecy Act Regulations Requiring Depository Institutions and Insurance Companies To Report Suspicious Activity Financial Crimes Enforcement Network (‘‘FinCEN’’), U.S. Department of the Treasury. ACTION: Notice and request for comments. sradovich on DSK3GMQ082PROD with NOTICES AGENCY: FinCEN, a bureau of the U.S. Department of the Treasury (‘‘Treasury’’), invites all interested parties to comment on its proposed renewal without change of the Bank SUMMARY: VerDate Sep<11>2014 16:57 Feb 08, 2018 Jkt 244001 Secrecy Act (‘‘BSA’’) Suspicious Activity Reporting regulations for certain financial institutions, i.e., depository institutions and insurance companies. FinCEN intends to submit these requirements for approval by the Office of Management and Budget (‘‘OMB’’) of a three-year extension of Control Numbers 1506–0001, and 1506– 0029. This request for comments is made pursuant to the Paperwork Reduction Act (‘‘PRA’’) of 1995. DATES: Written comments should be received on or before April 10, 2018 to be assured of consideration. ADDRESSES: Comments may be submitted by any of the following methods: • Federal E-rulemaking Portal: http:// www.regulations.gov. Follow the instructions for submitting comments. Refer to Docket Number FINCEN–2017– 0011 and the specific OMB control number affected. • Mail: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN–2017–0011 and the specific OMB control number affected. Please submit comments by one method only. All comments submitted 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. FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800–767– 2825 or electronically at frc@fincen.gov. SUPPLEMENTARY INFORMATION: The BSA, Titles I and II of Public Law 91–508, as amended, codified at 12 U.S.C. 1829(b), 12 U.S.C.1951–1959, and 31 U.S.C. 5311–5332, authorizes the Secretary of the Treasury, among other things, to require financial institutions to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, and regulatory matters, or in the conduct of intelligence or counter-intelligence activities to protect against international terrorism, and to implement countermoney laundering programs and compliance procedures.1 Regulations implementing Title II of the BSA appear at 31 CFR Chapter X. The authority of the Secretary of the Treasury to administer the BSA has been delegated to the Director of FinCEN. The information collected and retained under the regulation addressed in this 1 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. PO 00000 Frm 00076 Fmt 4703 Sfmt 4703 5829 notice assist Federal, state, and local law enforcement, as well as regulatory authorities, in the identification, investigation, and prosecution of money laundering and other matters. In accordance with the requirements of the PRA, 44 U.S.C. 3506(c)(2)(A), and its implementing regulations, the following information is presented concerning the recordkeeping requirements listed below. 1. Title: Suspicious Activity Report by Depository Institutions. OMB Number: 1506–0001. Abstract: In accordance with 31 CFR 1020.320, covered financial institutions are required to report suspicious activity and maintain the records for a period of five years. Covered financial institutions may satisfy these requirements by using their internal records management system. Current Action: Renewal without change to the existing regulations. Type of Review: Extension of currently approved reporting requirement. Affected Public: Businesses or other for-profit institutions, and non-profit institutions. Burden: The administrative burden of 1 hour is assigned to maintain the requirement in force. The burden for actual reporting is reflected in OMB Control number 1506–0065. 2. Title: Suspicious Activity Report by Insurance Companies. OMB Number: 1506–0029. Abstract: In accordance with 31 CFR 1025.320, covered financial institutions are required to report suspicious activity and maintain the records for a period of five years. Covered financial institutions may satisfy these requirements by using their internal records management system. Current Action: Renewal without change to the existing regulations. Type of Review: Extension of currently approved reporting requirement. Affected Public: Businesses or other for-profit institutions, and non-profit institutions. Burden: The administrative burden of 1 hour is assigned to maintain the requirement in force. The burden for actual reporting is reflected in OMB Control number 1506–0065. The following paragraph applies to the reporting and recordkeeping requirements addressed in this notice. 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. E:\FR\FM\09FEN1.SGM 09FEN1 5830 Federal Register / Vol. 83, No. 28 / Friday, February 9, 2018 / Notices 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: February 5, 2018. Jamal El-Hindi, Deputy Director, Financial Crimes Enforcement Network. [FR Doc. 2018–02583 Filed 2–8–18; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Internal Revenue Service Notice. This notice is provided in accordance with IRC section 6039G of the Health Insurance Portability and Accountability Act (HIPPA) of 1996, as amended. This listing contains the name of each individual losing United States citizenship (within the meaning of section 877(a) or 877A) with respect to whom the Secretary received information during the quarter ending December 31, 2017. For purposes of this listing, long-term residents, as defined in section 877(e)(2), are treated as if they were citizens of the United States who lost citizenship. SUMMARY: Quarterly Publication of Individuals, Who Have Chosen To Expatriate, as Required by Section 6039G Internal Revenue Service (IRS), Treasury. AGENCY: Last name sradovich on DSK3GMQ082PROD with NOTICES ACTION: First name AAROE ............................................................... AARON .............................................................. ABBOTT ............................................................. ABE .................................................................... ABEND ............................................................... ABORD DE CHATILLON ................................... ABOUSLEIMAN ................................................. ABUGHAZALEH ................................................ ADAMS .............................................................. ADAMS .............................................................. ADAMS-GN ........................................................ ADLER ............................................................... AEBI ................................................................... ALBERT ............................................................. AL-DOSSARY .................................................... ALLEN ................................................................ ALLEN ................................................................ ALLEN ................................................................ AL-THANI ........................................................... ALTMANN .......................................................... ANDERS ............................................................ ANDERSON ....................................................... ANDERSON ....................................................... ANG ................................................................... ANGLIN .............................................................. ANSEL ............................................................... ANSEL ............................................................... ANZAI ................................................................. ANZAI ................................................................. ANZAI ................................................................. ANZAI ................................................................. ARCEMENT ....................................................... AREITIO ............................................................. ARGYROS ......................................................... ARONSON ......................................................... ARORA .............................................................. ARRABI .............................................................. ARRABI .............................................................. ARSENAULT ...................................................... ARTEAGA .......................................................... AYLEN ............................................................... AYLEN ............................................................... BACKHOUSE ..................................................... BAKER ............................................................... BARAKAT .......................................................... BARIBEAU ......................................................... BARRIGA ........................................................... ALEXANDER .................................................... BERNARD ........................................................ KATHERINE ..................................................... DAISUKE LINDA ............................................................... HENRI RANDA HANI ................................................................. PAUL ................................................................ TAMARACK ..................................................... DOROTHY ....................................................... KRISTEN .......................................................... CHRISTIAN ...................................................... MICHELLE RAIED .............................................................. ALEXANDRA .................................................... KATY ................................................................ THOMAS .......................................................... ABDULAZIZ ...................................................... ARYEH ............................................................. LAURA ............................................................. ABBE ................................................................ CHRISTINE ...................................................... JOHN ................................................................ GAIL ................................................................. CLIFFORD REBECCA ........................................................ AMANDA .......................................................... HIROYUKI RYAN ............................................................... TAIGA ............................................................... GREGORY ....................................................... ALEXANDRA .................................................... SANDRA BARR ............................................................... RUPINDER ....................................................... IMAD ................................................................ LEILA ................................................................ ADELE .............................................................. CHRISTOPHER ............................................... CARL ................................................................ MARITA ............................................................ HAZEL .............................................................. CONSTANCE ................................................... YUSRA ............................................................. JUDITH ............................................................. PABLO VerDate Sep<11>2014 16:57 Feb 08, 2018 Jkt 244001 PO 00000 Frm 00077 Fmt 4703 Sfmt 4703 Middle name/initials TROXLER SAMUEL ELISE ESCHENBACH MAHER EDWARD LYNN WAN PIO ELIZABETH LUC IBRAHIM SANDY ELIZABETH MARK SAOUD SALOMON ELIZABETH LANE DIANE WEI-EN PANTLEY LIBA KIM HIRO KIM WORTHY LUISA SHMUEL KAUR AHMAD MOHAMED HELENE JON ARTHUR WILLIAM FRANCES MARY JOHANNA WALEED EDNA E:\FR\FM\09FEN1.SGM 09FEN1

Agencies

[Federal Register Volume 83, Number 28 (Friday, February 9, 2018)]
[Notices]
[Pages 5829-5830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-02583]


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

DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Agency Information Collection Activities; Comment Request; 
Renewal Without Change of Bank Secrecy Act Regulations Requiring 
Depository Institutions and Insurance Companies To Report Suspicious 
Activity

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), U.S. 
Department of the Treasury.

ACTION: Notice and request for comments.

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

SUMMARY: FinCEN, a bureau of the U.S. Department of the Treasury 
(``Treasury''), invites all interested parties to comment on its 
proposed renewal without change of the Bank Secrecy Act (``BSA'') 
Suspicious Activity Reporting regulations for certain financial 
institutions, i.e., depository institutions and insurance companies. 
FinCEN intends to submit these requirements for approval by the Office 
of Management and Budget (``OMB'') of a three-year extension of Control 
Numbers 1506-0001, and 1506-0029. This request for comments is made 
pursuant to the Paperwork Reduction Act (``PRA'') of 1995.

DATES: Written comments should be received on or before April 10, 2018 
to be assured of consideration.

ADDRESSES: Comments may be submitted by any of the following methods:
     Federal E-rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments. Refer to Docket Number 
FINCEN-2017-0011 and the specific OMB control number affected.
     Mail: Policy Division, Financial Crimes Enforcement 
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2017-0011 and the specific OMB control number affected.
    Please submit comments by one method only. All comments submitted 
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.

FOR FURTHER INFORMATION CONTACT: The FinCEN Resource Center at 800-767-
2825 or electronically at [email protected].

SUPPLEMENTARY INFORMATION: The BSA, Titles I and II of Public Law 91-
508, as amended, codified at 12 U.S.C. 1829(b), 12 U.S.C.1951-1959, and 
31 U.S.C. 5311-5332, authorizes the Secretary of the Treasury, among 
other things, to require financial institutions to keep records and 
file reports that are determined to have a high degree of usefulness in 
criminal, tax, and regulatory matters, or in the conduct of 
intelligence or counter-intelligence activities to protect against 
international terrorism, and to implement counter-money laundering 
programs and compliance procedures.\1\ Regulations implementing Title 
II of the BSA appear at 31 CFR Chapter X. The authority of the 
Secretary of the Treasury to administer the BSA has been delegated to 
the Director of FinCEN. The information collected and retained under 
the regulation addressed in this notice assist Federal, state, and 
local law enforcement, as well as regulatory authorities, in the 
identification, investigation, and prosecution of money laundering and 
other matters. In accordance with the requirements of the PRA, 44 
U.S.C. 3506(c)(2)(A), and its implementing regulations, the following 
information is presented concerning the recordkeeping requirements 
listed below.
---------------------------------------------------------------------------

    \1\ 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.
---------------------------------------------------------------------------

    1. Title: Suspicious Activity Report by Depository Institutions.
    OMB Number: 1506-0001.
    Abstract: In accordance with 31 CFR 1020.320, covered financial 
institutions are required to report suspicious activity and maintain 
the records for a period of five years. Covered financial institutions 
may satisfy these requirements by using their internal records 
management system.
    Current Action: Renewal without change to the existing regulations.
    Type of Review: Extension of currently approved reporting 
requirement.
    Affected Public: Businesses or other for-profit institutions, and 
non-profit institutions.
    Burden: The administrative burden of 1 hour is assigned to maintain 
the requirement in force. The burden for actual reporting is reflected 
in OMB Control number 1506-0065.
    2. Title: Suspicious Activity Report by Insurance Companies.
    OMB Number: 1506-0029.
    Abstract: In accordance with 31 CFR 1025.320, covered financial 
institutions are required to report suspicious activity and maintain 
the records for a period of five years. Covered financial institutions 
may satisfy these requirements by using their internal records 
management system.
    Current Action: Renewal without change to the existing regulations.
    Type of Review: Extension of currently approved reporting 
requirement.
    Affected Public: Businesses or other for-profit institutions, and 
non-profit institutions.
    Burden: The administrative burden of 1 hour is assigned to maintain 
the requirement in force. The burden for actual reporting is reflected 
in OMB Control number 1506-0065.
    The following paragraph applies to the reporting and recordkeeping 
requirements addressed in this notice. 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.

[[Page 5830]]

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: February 5, 2018.
Jamal El-Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2018-02583 Filed 2-8-18; 8:45 am]
 BILLING CODE 4810-02-P