Agency Information Collection Activities; Proposed Renewal: Comment Request; Renewal Without Change of Customer Identification Programs for Banks, Savings Associations, Credit Unions, Certain Non-Federally Regulated Banks, Futures Commission Merchants, and Introducing Brokers in Commodities, 46015-46016 [2018-19653]
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Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
Estimated Annual Responses: 20,000.
Estimated Burden per Response: 1
hour.
Estimated Total Burden Hours: 20,000
hours.
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 control number
assigned by the Office of Management
and Budget. 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. 2018–19655 Filed 9–10–18; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
daltland on DSKBBV9HB2PROD with NOTICES
Financial Crimes Enforcement Network
Agency Information Collection
Activities; Proposed Renewal:
Comment Request; Renewal Without
Change of Customer Identification
Programs for Banks, Savings
Associations, Credit Unions, Certain
Non-Federally Regulated Banks,
Futures Commission Merchants, and
Introducing Brokers in Commodities
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
AGENCY:
FinCEN. Therefore, FinCEN does not have an
independent means of verifying this number.
VerDate Sep<11>2014
18:49 Sep 10, 2018
Jkt 244001
Notice and request for
comments.
ACTION:
FinCEN invites comment on a
proposed renewal, without change, to
information collections found in
regulations requiring banks, savings
associations, credit unions, certain nonfederally regulated banks, futures
commission merchants, and introducing
brokers in commodities to develop and
implement customer identification
programs designed to allow the covered
financial institution to form a
reasonable belief that it knows the true
identity of each customer. This request
for comment is being made pursuant to
the Paperwork Reduction Act (‘‘PRA’’)
of 1995.
DATES: Written comments are welcome
and must be received on or before
November 13, 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–
0013 and the Office of Management and
Budget (‘‘OMB’’) control number of the
information collection(s) you wish to
comment on (OMB control numbers
1506–0022 and/or 1506–0026).
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0013 and the
OMB control number of the information
collection(s) you wish to comment on
(OMB control numbers 1506–0022 and/
or 1506–0026).
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. 5311–5314
and 5316–5332, 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
SUMMARY:
PO 00000
Frm 00141
Fmt 4703
Sfmt 4703
46015
activities to protect against international
terrorism, and to implement countermoney laundering programs and
compliance procedures.1 Title III of the
USA PATRIOT Act of 2001, Public Law
107–56, included certain amendments
to the anti-money laundering provisions
of Title II of the BSA, 31 U.S.C. 5311 et
seq., which are intended to aid in the
prevention, detection, and prosecution
of international money laundering and
terrorist financing.
Regulations implementing Title II of
the BSA appear at 31 CFR Chapter X.
The authority of the Secretary of the
Treasury to administer Title II of 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.
Section 5318(l) of the BSA requires
FinCEN to issue regulations prescribing
customer identification programs for
financial institutions. Those regulations,
at a minimum, must require financial
institutions implement reasonable
procedures for (1) verifying the identity
of any person seeking to open an
account, to the extent reasonable and
practicable; (2) maintaining records of
the information used to verify the
person’s identity, including name,
address, and other identifying
information; and (3) determining
whether the person appears on any lists
of known or suspected terrorists or
terrorist organizations provided to the
financial institution by any government
agency. The regulations are to take into
consideration the various types of
accounts maintained by various types of
financial institutions, the various
methods of opening accounts, and the
various types of identifying information
available. Regulations implementing
section 5318(l) with respect to banks,
savings associations, credit unions, and
certain non-federally regulated banks
are found at 31 CFR 1020.220.
Regulations implementing section
5318(l) with respect to futures
commission merchants and introducing
brokers in commodities are found at 31
CFR 1026.220.
In accordance with the requirements
of the PRA and its implementing
regulations, the following information is
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.
E:\FR\FM\11SEN1.SGM
11SEN1
46016
Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
daltland on DSKBBV9HB2PROD with NOTICES
presented concerning the information
collection below.
1. Title: Customer Identification
Programs for Banks, Savings
Associations, Credit Unions, and
Certain Non-Federally Regulated Banks.
(31 CFR 1020.220).
OMB Control Number: 1506–0026.
Abstract: Banks, savings associations,
credit unions, and certain non-federally
regulated banks are required to
implement and maintain customer
identification programs and provide
their customers with notice of the
programs. (See 68 FR 25090, May 9,
2003).
Current Action: Renewal without
change to existing regulations.
Type of Review: Renewal of a
currently approved information
collection.
Affected Public: Business, other forprofit institutions, and not-for-profit
institutions.
Burden:
• Estimated Number of Respondents:
15,960.2
• Estimated Average Annual
Recordkeeping Burden per Respondent:
10 hours.3
• Estimated Average Annual
Disclosure Burden per Respondent: 1
hour.
• Estimated Total Annual
Respondent Burden: 175,560 hours.4
2. Title: Customer Identification
Programs for Futures Commission
Merchants and Introducing Brokers in
Commodities (31 CFR 1026.220).
OMB Control Number: 1506–0022.
Abstract: Futures commission
merchants and introducing brokers in
commodities are required to implement
and maintain customer identification
programs and provide their customers
with notice of the programs. (See 68 FR
25149, May 9, 2003).
Current Action: Renewal without
change to existing regulations.
Type of Review: Renewal of a
currently approved information
collection.
Affected Public: Business and other
for-profit institutions.
2 This number is a total of the institutions
represented in the 2017 annual reports of the
following regulators: The National Credit Union
Administration reported 5,573 institutions, the
Federal Reserve reported 5,180 institutions, the
Federal Deposit Insurance Corporation reported
3,636 institutions, the Office of the Comptroller of
the Currency reported 1,446 institutions. In
addition, a report from the Government
Accountability Office indicated that approximately
125 credit unions were insured privately, for a total
of 15,960 institutions.
3 FinCEN did not receive comments on the
previous estimate of 10 hours of annual
recordkeeping burden and 1 hour of annual
disclosure burden per respondent.
4 15,960 respondents multiplied by 11 hours
equals 175,560 hours.
VerDate Sep<11>2014
18:49 Sep 10, 2018
Jkt 244001
Burden:
• Estimated Number of Respondents:
1,228.5
• Estimated Average Annual
Recordkeeping Burden per Respondent:
10 hours.6
• Estimated Average Annual
Disclosure Burden per Respondent: 1
hour.
• Estimated Total Annual
Respondent Burden: 13,508.7
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.
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Open Meeting of the Taxpayer
Advocacy Panel Toll-Free Phone Line
Project Committee
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice of meeting.
AGENCY:
An open meeting of the
Taxpayer Advocacy Panel Toll-Free
Phone Line Project Committee will be
conducted. The Taxpayer Advocacy
Panel is soliciting public comments,
ideas, and suggestions on improving
customer service at the Internal Revenue
Service.
DATES: The meeting will be held
Tuesday, October 9, 2018.
FOR FURTHER INFORMATION CONTACT:
Rosalind Matherne at 1–888–912–1227
or 202–317–4115.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to Section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Taxpayer
Advocacy Panel Toll-Free Phone Line
Project Committee will be held Tuesday,
October 9, 2018, at 3:00 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
Rosalind Matherne. For more
information please contact Rosalind
Matherne at 1–888–912–1227 or 202–
317–4115, or write TAP Office, 1111
Constitution Ave. NW, Room 1509,
Washington, DC 20224 or contact us at
the website: https://www.improveirs.org.
The agenda will include various IRS
issues.
The committee will be discussing
Toll-free issues and public input is
welcomed.
SUMMARY:
Dated: September 1, 2018.
Kevin Brown,
Acting Director, Taxpayer Advocacy Panel.
[FR Doc. 2018–19678 Filed 9–10–18; 8:45 am]
[FR Doc. 2018–19653 Filed 9–10–18; 8:45 am]
BILLING CODE 4830–01–P
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
5 According
to the National Futures Association,
there are currently 1,164 registered introducing
brokers in commodities, and 64 futures commission
merchants.
6 FinCEN did not receive comments on the
previous estimate of 10 hours of annual
recordkeeping burden and 1 hour of annual
disclosure burden per respondent.
7 1,228 respondents multiplied by 11 hours
equals 13,508 hours.
PO 00000
Frm 00142
Fmt 4703
Sfmt 4703
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5495
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
E:\FR\FM\11SEN1.SGM
11SEN1
]]>Agencies
[Federal Register Volume 83, Number 176 (Tuesday, September 11, 2018)]
[Notices]
[Pages 46015-46016]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19653]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Proposed Renewal:
Comment Request; Renewal Without Change of Customer Identification
Programs for Banks, Savings Associations, Credit Unions, Certain Non-
Federally Regulated Banks, Futures Commission Merchants, and
Introducing Brokers in Commodities
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), U.S.
Department of the Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN invites comment on a proposed renewal, without change,
to information collections found in regulations requiring banks,
savings associations, credit unions, certain non-federally regulated
banks, futures commission merchants, and introducing brokers in
commodities to develop and implement customer identification programs
designed to allow the covered financial institution to form a
reasonable belief that it knows the true identity of each customer.
This request for comment is being made pursuant to the Paperwork
Reduction Act (``PRA'') of 1995.
DATES: Written comments are welcome and must be received on or before
November 13, 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-2018-0013 and the Office of Management and Budget (``OMB'')
control number of the information collection(s) you wish to comment on
(OMB control numbers 1506-0022 and/or 1506-0026).
Mail: Policy Division, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2018-0013 and the OMB control number of the information collection(s)
you wish to comment on (OMB control numbers 1506-0022 and/or 1506-
0026).
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. 5311-5314 and 5316-5332, 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\ Title
III of the USA PATRIOT Act of 2001, Public Law 107-56, included certain
amendments to the anti-money laundering provisions of Title II of the
BSA, 31 U.S.C. 5311 et seq., which are intended to aid in the
prevention, detection, and prosecution of international money
laundering and terrorist financing.
---------------------------------------------------------------------------
\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
Title II of 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.
Section 5318(l) of the BSA requires FinCEN to issue regulations
prescribing customer identification programs for financial
institutions. Those regulations, at a minimum, must require financial
institutions implement reasonable procedures for (1) verifying the
identity of any person seeking to open an account, to the extent
reasonable and practicable; (2) maintaining records of the information
used to verify the person's identity, including name, address, and
other identifying information; and (3) determining whether the person
appears on any lists of known or suspected terrorists or terrorist
organizations provided to the financial institution by any government
agency. The regulations are to take into consideration the various
types of accounts maintained by various types of financial
institutions, the various methods of opening accounts, and the various
types of identifying information available. Regulations implementing
section 5318(l) with respect to banks, savings associations, credit
unions, and certain non-federally regulated banks are found at 31 CFR
1020.220. Regulations implementing section 5318(l) with respect to
futures commission merchants and introducing brokers in commodities are
found at 31 CFR 1026.220.
In accordance with the requirements of the PRA and its implementing
regulations, the following information is
[[Page 46016]]
presented concerning the information collection below.
1. Title: Customer Identification Programs for Banks, Savings
Associations, Credit Unions, and Certain Non-Federally Regulated Banks.
(31 CFR 1020.220).
OMB Control Number: 1506-0026.
Abstract: Banks, savings associations, credit unions, and certain
non-federally regulated banks are required to implement and maintain
customer identification programs and provide their customers with
notice of the programs. (See 68 FR 25090, May 9, 2003).
Current Action: Renewal without change to existing regulations.
Type of Review: Renewal of a currently approved information
collection.
Affected Public: Business, other for-profit institutions, and not-
for-profit institutions.
Burden:
Estimated Number of Respondents: 15,960.\2\
---------------------------------------------------------------------------
\2\ This number is a total of the institutions represented in
the 2017 annual reports of the following regulators: The National
Credit Union Administration reported 5,573 institutions, the Federal
Reserve reported 5,180 institutions, the Federal Deposit Insurance
Corporation reported 3,636 institutions, the Office of the
Comptroller of the Currency reported 1,446 institutions. In
addition, a report from the Government Accountability Office
indicated that approximately 125 credit unions were insured
privately, for a total of 15,960 institutions.
---------------------------------------------------------------------------
Estimated Average Annual Recordkeeping Burden per
Respondent: 10 hours.\3\
---------------------------------------------------------------------------
\3\ FinCEN did not receive comments on the previous estimate of
10 hours of annual recordkeeping burden and 1 hour of annual
disclosure burden per respondent.
---------------------------------------------------------------------------
Estimated Average Annual Disclosure Burden per Respondent:
1 hour.
Estimated Total Annual Respondent Burden: 175,560
hours.\4\
---------------------------------------------------------------------------
\4\ 15,960 respondents multiplied by 11 hours equals 175,560
hours.
---------------------------------------------------------------------------
2. Title: Customer Identification Programs for Futures Commission
Merchants and Introducing Brokers in Commodities (31 CFR 1026.220).
OMB Control Number: 1506-0022.
Abstract: Futures commission merchants and introducing brokers in
commodities are required to implement and maintain customer
identification programs and provide their customers with notice of the
programs. (See 68 FR 25149, May 9, 2003).
Current Action: Renewal without change to existing regulations.
Type of Review: Renewal of a currently approved information
collection.
Affected Public: Business and other for-profit institutions.
Burden:
Estimated Number of Respondents: 1,228.\5\
---------------------------------------------------------------------------
\5\ According to the National Futures Association, there are
currently 1,164 registered introducing brokers in commodities, and
64 futures commission merchants.
---------------------------------------------------------------------------
Estimated Average Annual Recordkeeping Burden per
Respondent: 10 hours.\6\
---------------------------------------------------------------------------
\6\ FinCEN did not receive comments on the previous estimate of
10 hours of annual recordkeeping burden and 1 hour of annual
disclosure burden per respondent.
---------------------------------------------------------------------------
Estimated Average Annual Disclosure Burden per Respondent:
1 hour.
Estimated Total Annual Respondent Burden: 13,508.\7\
---------------------------------------------------------------------------
\7\ 1,228 respondents multiplied by 11 hours equals 13,508
hours.
---------------------------------------------------------------------------
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. 2018-19653 Filed 9-10-18; 8:45 am]
BILLING CODE 4810-02-P
