Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Anti-Money Laundering Programs for Insurance Companies and Non-Bank Residential Mortgage Lenders and Originators, 34298-34299 [2018-15401]
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34298
Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices
research agenda that will be developed
through this forum will help PHMSA
align its research program with the
needs of its pipeline safety mission and
make use of the best available
knowledge and expertise, as well as
considering the perspectives of
stakeholders.
Issued in Washington, DC on July 11, 2018,
under authority delegated in 49 CFR 1.97.
Alan K. Mayberry,
Associate Administrator for Pipeline Safety.
[FR Doc. 2018–15418 Filed 7–18–18; 8:45 am]
BILLING CODE 4910–60–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Information Collection;
Comment Request; Renewal Without
Change of Bank Secrecy Act
Regulations Requiring Money Services
Businesses To Report Suspicious
Activity
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
ACTION: Notice and request for
comments.
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
Secrecy Act (‘‘BSA’’) Suspicious
Activity Reporting requirements for
money services businesses (‘‘MSBs’’).
FinCEN intends to submit this
requirement for approval by the Office
of Management and Budget (‘‘OMB’’) of
a three-year renewal of Control Number
1506–0015. This request for comments
is made pursuant to the Paperwork
Reduction Act (‘‘PRA’’) of 1995, Public
Law 104–13, 44 U.S.C. 3506(c)(2)(A).
DATES: Written comments should be
received on or before September 17,
2018 to be assured of consideration.
ADDRESSES: Comments may be
submitted by any of the following
methods:
• Federal E-rulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
Refer to Docket Number FINCEN–2018–
0006 and the specific OMB control
number 1506–0015.
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0006 and the
specific OMB control number 1506–
0015.
Please submit comments by one
method only. Comments will also be
sradovich on DSK3GMQ082PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
17:34 Jul 18, 2018
Jkt 244001
incorporated to FinCEN’s retrospective
regulatory review process, as mandated
by E.O. 12866 and 13563. 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
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
Money Services Businesses.
OMB Number: 1506–0015.
Abstract: In accordance with 31 CFR
1022.320, 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: Renewal of currently
approved reporting requirement.
Affected Public: Businesses and other
for-profit institutions.
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 00201
Fmt 4703
Sfmt 4703
Estimated 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.
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.
Jamal El-Hindi,
Deputy Director, Financial Crimes
Enforcement Network.
[FR Doc. 2018–15400 Filed 7–18–18; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection
Activities; Proposed Renewal;
Comment Request; Renewal Without
Change of Anti-Money Laundering
Programs for Insurance Companies
and Non-Bank Residential Mortgage
Lenders and Originators
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
ACTION: Notice and request for
comments.
AGENCY:
FinCEN invites comment on
the renewal of information collections
in existing regulations requiring
SUMMARY:
E:\FR\FM\19JYN1.SGM
19JYN1
sradovich on DSK3GMQ082PROD with NOTICES
Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices
insurance companies and non-bank
residential mortgage lenders and
originators to develop and implement
written anti-money laundering programs
reasonably designed to prevent those
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 (‘‘PRA’’) of 1995.
DATES: Written comments are welcome
and must be received on or before
September 17, 2018.
ADDRESSES: Comments may be
submitted by any of the following
methods:
• Federal E-rulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
Refer to Docket Number FINCEN–2018–
0004 and OMB control number 1506–
0035.
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0004 and OMB
control number 1506–0035.
Please submit comments by one
method only. Comments will also be
incorporated to FinCEN’s retrospective
regulatory review process, as mandated
by E.O. 12866 and 13563. 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 Bank
Secrecy Act (‘‘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
1 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 Act of 2001,
Public Law 107–56.
VerDate Sep<11>2014
17:34 Jul 18, 2018
Jkt 244001
been delegated to the Director of
FinCEN.
The information collected and
retained under the regulations
addressed in this notice assists 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.
Title: Anti-money laundering
programs for insurance companies, 31
CFR 1025.210 and non-bank residential
mortgage lenders and originators, 31
CFR 1029.210.
Office of Management and Budget
(‘‘OMB’’) Control Number: 1506–0035.
Abstract: Insurance companies and
non-bank residential mortgage lenders
and originators 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: Renewal without
change of current regulations.
Type of Review: Renewal of a
currently approved information
collection.
Affected Public: Businesses and other
for-profit institutions.
Estimated Number of Respondents:
1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender
and Originators.
Estimated Number of Responses:
1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender
and Originators.
Estimated Number of Hours: 1,200
Insurance Companies and 31,000 NonBank Residential Mortgage Lender and
Originators.2
Total Estimated Burden Hours:
32,200.
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 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
is a renewal without change of a current
program. The annual update to a financial
institutions’ AML program is one (1) hour.
PO 00000
2 This
Frm 00202
Fmt 4703
Sfmt 4703
34299
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. 2018–15401 Filed 7–18–18; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Proposed Collection; Comment
Request; Renewal Without Change of
the Registration of Money Services
Business, Regulation and FinCEN
Form 107
Financial Crimes Enforcement
Network (‘‘FinCEN’’), Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
As part of its continuing effort
to reduce paperwork and respondent
burden, FinCEN invites comment on a
renewal without change to a currently
approved information collection
contained in 31 CFR 1022.380 and the
Registration of Money Services Business
report, FinCEN Form 107. The form will
be used by currency dealers or
exchangers; check cashers; issuers of
traveler’s checks, money orders or
prepaid access; sellers of traveler’s
checks, money orders or prepaid access;
redeemers of traveler’s checks, money
orders or prepaid access; and money
transmitters to register with the
Department of the Treasury as required
by statute. 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).
SUMMARY:
Written comments are welcome
and must be received on or before
September 17, 2018 to be assured of
consideration.
DATES:
E:\FR\FM\19JYN1.SGM
19JYN1
]]>Agencies
[Federal Register Volume 83, Number 139 (Thursday, July 19, 2018)]
[Notices]
[Pages 34298-34299]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15401]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Proposed Renewal;
Comment Request; Renewal Without Change of Anti-Money Laundering
Programs for Insurance Companies and Non-Bank Residential Mortgage
Lenders and Originators
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), U.S.
Department of the Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN invites comment on the renewal of information
collections in existing regulations requiring
[[Page 34299]]
insurance companies and non-bank residential mortgage lenders and
originators to develop and implement written anti-money laundering
programs reasonably designed to prevent those 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 (``PRA'') of 1995.
DATES: Written comments are welcome and must be received on or before
September 17, 2018.
ADDRESSES: Comments may be submitted by any of the following methods:
Federal E-rulemaking Portal: https://www.regulations.gov.
Follow the instructions for submitting comments. Refer to Docket Number
FINCEN-2018-0004 and OMB control number 1506-0035.
Mail: Policy Division, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2018-0004 and OMB control number 1506-0035.
Please submit comments by one method only. Comments will also be
incorporated to FinCEN's retrospective regulatory review process, as
mandated by E.O. 12866 and 13563. 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 Bank Secrecy Act (``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\
---------------------------------------------------------------------------
\1\ 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 Act of 2001, Public Law 107-56.
---------------------------------------------------------------------------
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 regulations
addressed in this notice assists 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.
Title: Anti-money laundering programs for insurance companies, 31
CFR 1025.210 and non-bank residential mortgage lenders and originators,
31 CFR 1029.210.
Office of Management and Budget (``OMB'') Control Number: 1506-
0035.
Abstract: Insurance companies and non-bank residential mortgage
lenders and originators 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: Renewal without change of current regulations.
Type of Review: Renewal of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Estimated Number of Respondents: 1,200 Insurance Companies and
31,000 Non-Bank Residential Mortgage Lender and Originators.
Estimated Number of Responses: 1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender and Originators.
Estimated Number of Hours: 1,200 Insurance Companies and 31,000
Non-Bank Residential Mortgage Lender and Originators.\2\
---------------------------------------------------------------------------
\2\ This is a renewal without change of a current program. The
annual update to a financial institutions' AML program is one (1)
hour.
---------------------------------------------------------------------------
Total Estimated Burden Hours: 32,200.
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
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.
Jamal El-Hindi,
Deputy Director, Financial Crimes Enforcement Network.
[FR Doc. 2018-15401 Filed 7-18-18; 8:45 am]
BILLING CODE 4810-02-P
