Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Anti-Money Laundering Programs for Precious Metals, Precious Stones, or Jewels, 46014-46015 [2018-19655]
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46014
Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
Estimated Number of Respondents:
280,000.2
Estimated Burden per Respondent: 30
minutes.3
Estimated Total Annual Burden
Hours: 140,000 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 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. 2018–19654 Filed 9–10–18; 8:45 am]
daltland on DSKBBV9HB2PROD with NOTICES
BILLING CODE 4810–02–P
2 DHS indicates that different numbers of CMIRs
are filed each year. In 2014, approximately 235,000
CMIRs were filed, the highest number of filings
between 2012 and 2017. In addition, the number of
filings display an upward trend.
3 During the last information collection renewal,
FinCEN did not receive any comments suggesting
or requesting a different estimated burden.
VerDate Sep<11>2014
18:49 Sep 10, 2018
Jkt 244001
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 Precious Metals,
Precious Stones, or Jewels
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
ACTION: Notice and request for
comments.
AGENCY:
FinCEN invites comment on a
renewal, without change, to information
collections found in existing regulations
requiring dealers in precious metals,
stones, or jewels, 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.
SUMMARY:
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–
0014 and the Office of Management and
Budget (‘‘OMB’’) control number 1506–
0030.
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0014 and OMB
control number 1506–0030.
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. et seq.,
authorizes the Secretary of the Treasury,
DATES:
PO 00000
Frm 00140
Fmt 4703
Sfmt 4703
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 counterintelligence 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.
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.
In accordance with the requirements
of the PRA and its implementing
regulations, the following information is
presented concerning the information
collection below.
Title: Anti-Money Laundering
Programs for Dealers in Precious Metals,
Precious Stones, or Jewels (31 CFR
1027.210).
OMB Control Number: 1506–0030.
Abstract: Dealers in precious metals,
precious stones, or jewels are required
to develop and implement written antimoney laundering programs. A copy of
the written program must be maintained
for five years.
Current Action: Renewal without
change to existing regulations.
Type of Review: Renewal without
change to a currently approved
information collection.
Affected Public: Business and other
for-profit institutions.
Burden: Estimated Number of
Respondents: 20,000.2
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.
2 During the last information collection renewal,
FinCEN did not receive any comments suggesting
or requesting a different estimated number of
respondents. The respondents are required to
develop, implement, and maintain a copy of their
program, but there is no requirement to report it to
E:\FR\FM\11SEN1.SGM
11SEN1
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
]]>Agencies
[Federal Register Volume 83, Number 176 (Tuesday, September 11, 2018)]
[Notices]
[Pages 46014-46015]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19655]
-----------------------------------------------------------------------
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 Precious Metals, Precious Stones, or Jewels
AGENCY: Financial Crimes Enforcement Network (``FinCEN''), U.S.
Department of the Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: FinCEN invites comment on a renewal, without change, to
information collections found in existing regulations requiring dealers
in precious metals, stones, or jewels, 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
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-2018-0014 and the Office of Management and Budget (``OMB'')
control number 1506-0030.
Mail: Policy Division, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2018-0014 and OMB control number 1506-0030.
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. et seq., 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.
In accordance with the requirements of the PRA and its implementing
regulations, the following information is presented concerning the
information collection below.
Title: Anti-Money Laundering Programs for Dealers in Precious
Metals, Precious Stones, or Jewels (31 CFR 1027.210).
OMB Control Number: 1506-0030.
Abstract: Dealers in precious metals, precious stones, or jewels
are required to develop and implement written anti-money laundering
programs. A copy of the written program must be maintained for five
years.
Current Action: Renewal without change to existing regulations.
Type of Review: Renewal without change to a currently approved
information collection.
Affected Public: Business and other for-profit institutions.
Burden: Estimated Number of Respondents: 20,000.\2\
---------------------------------------------------------------------------
\2\ During the last information collection renewal, FinCEN did
not receive any comments suggesting or requesting a different
estimated number of respondents. The respondents are required to
develop, implement, and maintain a copy of their program, but there
is no requirement to report it to FinCEN. Therefore, FinCEN does not
have an independent means of verifying this number.
---------------------------------------------------------------------------
[[Page 46015]]
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
