Agency Information Collection Activities; Proposed Renewal: Comment Request; Renewal Without Change of Customer Identification Programs for Brokers or Dealers in Securities and Mutual Funds, 46011-46013 [2018-19656]
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Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
Ground Floor at 1200 New Jersey
Avenue SE, Washington, DC, between 9
a.m. and 5 p.m., Monday through
Friday, except Federal holidays.
• Fax: Fax comments to Docket
Operations at (202) 493–2251.
Privacy: In accordance with 5 U.S.C.
553(c), DOT solicits comments from the
public to better inform its rulemaking
process. DOT posts these comments,
without edit, including any personal
information the commenter provides, to
https://www.regulations.gov, as
described in the system of records
notice (DOT/ALL–14 FDMS), which can
be reviewed at https://www.dot.gov/
privacy.
Docket: Background documents or
comments received may be read at
https://www.regulations.gov at any time.
Follow the online instructions for
accessing the docket or go to the Docket
Operations in Room W12–140 of the
West Building Ground Floor at 1200
New Jersey Avenue SE, Washington,
DC, between 9 a.m. and 5 p.m., Monday
through Friday, except Federal holidays.
FOR FURTHER INFORMATION CONTACT:
Clarence Garden (202) 267–7489, Office
of Rulemaking, Federal Aviation
Administration, 800 Independence
Avenue SW, Washington, DC 20591.
This notice is published pursuant to
14 CFR 11.85.
Issued in Washington, DC, on September 5,
2018.
Lirio Liu,
Director, Office of Rulemaking.
daltland on DSKBBV9HB2PROD with NOTICES
Petition for Exemption
Docket No.: FAA–2018–0603.
Petitioner: Compass Airlines LLC.
Section(s) of 14 CFR Affected:
§§ 121.407(a)(1)(ii) and 121.439(a)(b).
Description of Relief Sought: Compass
Airlines LLC is seeking relief from 14
CFR 121.407(a)(1)(ii) to allow the use of
a modified full flight simulator
representing an Embraer 190 type
airplane in conjunction with an Embraer
175 Integrated Procedures Trainer to
provide training, checking and currency
for pilots operating Embraer 175 type
airplanes. Compass Airlines LLC is also
seeking relief from §§ 121.439(a)(b) to
allow a modified full flight simulator
representing an Embraer 190 type
airplane to be used to meet the recency
of experience requirements for an
Embraer 175 type airplane.
[FR Doc. 2018–19711 Filed 9–10–18; 8:45 am]
BILLING CODE 4910–13–P
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DEPARTMENT OF TRANSPORTATION
Federal Aviation Administration
[Summary Notice No. 2018–71]
Petition for Exemption; Summary of
Petition Received; Aero-Flite, Inc.
Federal Aviation
Administration (FAA), Department of
Transportation (DOT).
ACTION: Notice.
AGENCY:
This notice contains a
summary of a petition seeking relief
from specified requirements of Federal
Aviation Regulations. The purpose of
this notice is to improve the public’s
awareness of, and participation in, the
FAA’s exemption process. Neither
publication of this notice nor the
inclusion or omission of information in
the summary is intended to affect the
legal status of the petition or its final
disposition.
SUMMARY:
Comments on this petition must
identify the petition docket number and
must be received on or before October
1, 2018.
ADDRESSES: Send comments identified
by docket number {FAA–2018–0742}
using any of the following methods:
• Federal eRulemaking Portal: Go to
https://www.regulations.gov and follow
the online instructions for sending your
comments electronically.
• Mail: Send comments to Docket
Operations, M–30; U.S. Department of
Transportation, 1200 New Jersey
Avenue SE, Room W12–140, West
Building Ground Floor, Washington, DC
20590–0001.
• Hand Delivery or Courier: Take
comments to Docket Operations in
Room W12–140 of the West Building
Ground Floor at 1200 New Jersey
Avenue SE, Washington, DC 20590–
0001, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal
holidays.
• Fax: Fax comments to Docket
Operations at (202) 493–2251.
Privacy: In accordance with 5 U.S.C.
553(c), DOT solicits comments from the
public to better inform its rulemaking
process. DOT posts these comments,
without edit, including any personal
information the commenter provides, to
https://www.regulations.gov, as
described in the system of records
notice (DOT/ALL–14 FDMS), which can
be reviewed at https://www.dot.gov/
privacy.
Docket: Background documents or
comments received may be read at
https://www.regulations.gov at any time.
Follow the online instructions for
accessing the docket or go to the Docket
DATES:
PO 00000
Frm 00137
Fmt 4703
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46011
Operations in Room W12–140 of the
West Building Ground Floor at 1200
New Jersey Avenue SE, Washington, DC
20590–0001, between 9 a.m. and 5 p.m.,
Monday through Friday, except Federal
holidays.
FOR FURTHER INFORMATION CONTACT:
Clarence Garden (202) 267–7489, Office
of Rulemaking, Federal Aviation
Administration, 800 Independence
Avenue SW, Washington, DC 20591.
This notice is published pursuant to
14 CFR 11.85.
Issued in Washington, DC, on September 5,
2018.
Lirio Liu,
Executive Director, Office of Rulemaking.
Petition for Exemption
Docket No.: FAA–2018–0742.
Petitioner: Aero-Flite, Inc.
Section(s) of 14 CFR Affected: 91.213.
Description of Relief Sought: AeroFlite, Inc. (Aero-Flite) is seeking
exemption for relief from the
requirement in § 91.213 that no person
may take off an aircraft with inoperative
instruments or equipment installed
unless, among other things, an approved
Minimum Equipment List (MEL) exists
for that aircraft. Aero-Flite notes that an
MEL does not exist for the CL–415
aircraft that it operations. As such,
Aero-Flite cannot operate such aircraft
unless all instruments and equipment
are operative at all times. Under the
relief requested, Aero-Flite would
conduct a risk assessment to determine
if an inoperative instrument or
equipment could be deferred and
operations continued.
[FR Doc. 2018–19712 Filed 9–10–18; 8:45 am]
BILLING CODE 4910–13–P
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection
Activities; Proposed Renewal:
Comment Request; Renewal Without
Change of Customer Identification
Programs for Brokers or Dealers in
Securities and Mutual Funds
Financial Crimes Enforcement
Network (‘‘FinCEN’’), U.S. Department
of the Treasury.
ACTION: Notice and request for
comments.
AGENCY:
FinCEN invites comment on a
proposed renewal, without change, to
information collections found in
regulations requiring brokers or dealers
in securities and mutual funds to
develop and implement customer
identification programs designed to
SUMMARY:
E:\FR\FM\11SEN1.SGM
11SEN1
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46012
Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
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–
0015 and the Office of Management and
Budget (‘‘OMB’’) control number of the
information collection(s) you wish to
comment on (OMB control numbers
1506–0033 and/or 1506–0034).
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0015 and the
OMB control number of the information
collection(s) you wish to comment on
(OMB control numbers 1506–0033 and/
or 1506–0034).
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
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
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
18:49 Sep 10, 2018
Jkt 244001
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 brokers
or dealers in securities and mutual
funds are found at 31 CFR 1023.220 and
1024.220, respectively.
In accordance with the requirements
of the PRA and its implementing
regulations, the following information is
presented concerning the information
collection below.
1. Title: Customer Identification
Program for Brokers or Dealers in
Securities (31 CFR 1023.220).
OMB Control Number: 1506–0034.
Abstract: Brokers or dealers in
securities are required to establish and
maintain customer identification
programs and provide their customers
with notice of the programs. (See 68 FR
25113, May 9, 2003).
Current Action: Renewal without
change to existing regulations.
Type of Review: Renewal of a
currently approved information
collection.
PO 00000
Frm 00138
Fmt 4703
Sfmt 4703
Affected Public: Business and other
for-profit institutions.
Burden:
• Estimated Number of Respondents:
3,839.2
• Estimated Number of Responses:
9,000,000 new brokers or dealers in
securities accounts opened annually.3
• Estimated Average Annual Burden
per Response: The estimated average
burden associated with fulfilling the
requirements of this rule is 2 minutes
per response.4
• Estimated Total Annual
Respondent Burden: 300,000 hours.5
2. Title: Customer Identification
Programs for Mutual Funds (31 CFR
1024.220).
OMB Control Number: 1506–0033.
Abstract: Mutual funds are required to
implement and maintain customer
identification programs and provide
their customers with notice of the
programs. (See 68 FR 25131, 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:
1,591.6
• Estimated Number of Responses:
20,000,000 new mutual fund accounts
opened annually.7
• Estimated Average Annual Burden
per Response: The estimated average
burden associated with fulfilling the
requirements of this rule is 2 minutes
per response.8
• Estimated Total Annual
Respondent Burden: 666,667 hours.9
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
2 This number was provided to FinCEN by the
U.S. Securities and Exchange Commission (‘‘SEC’’),
and is based on forms filed with the SEC in 2017.
3 This number was provided to FinCEN by the
SEC, and is based on forms filed with the SEC in
2017.
4 FinCEN did not receive comments on the
previous estimate of 2 minutes of burden per
response.
5 9 million responses multiplied by 2 minutes per
responses converted to hours equals 300,000 hours.
6 This number was provided to FinCEN by the
SEC, and is based on forms filed with the SEC in
2017.
7 This estimate was provided to FinCEN by the
SEC, and is based on publicly available information
as of 2017.
8 FinCEN did not receive comments on the
previous estimate of 2 minutes of burden per
response.
9 20 million responses multiplied by 2 minutes
per responses converted to hours equals 666,667
hours.
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Federal Register / Vol. 83, No. 176 / Tuesday, September 11, 2018 / Notices
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. 2018–19656 Filed 9–10–18; 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 the Report of International
Transportation of Currency or
Monetary Instruments
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 an information collection
requirement concerning the Report of
International Transportation of
Currency or Monetary Instruments
(‘‘CMIR’’). This request for comment is
being made pursuant to the Paperwork
Reduction Act of 1995.
DATES: Written comments are welcome
and must be received on or before
November 13, 2018.
daltland on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
18:49 Sep 10, 2018
Jkt 244001
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–
0012 and the specific Office of
Management and Budget (‘‘OMB’’)
control number 1506–0014.
• Mail: Policy Division, Financial
Crimes Enforcement Network, P.O. Box
39, Vienna, VA 22183. Refer to Docket
Number FINCEN–2018–0012 and OMB
control number 1506–0014.
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,
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
ADDRESSES:
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.
PO 00000
Frm 00139
Fmt 4703
Sfmt 4703
46013
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: Report of Transportation of
Currency or Monetary Instruments. (31
CFR 1010.340.)
OMB Control Number: 1506–0014.
Form Number: FinCEN Form 105,
Report of International Transportation
of Currency or Monetary Instruments. A
copy of the form may be obtained from
the FinCEN website at https://
www.fincen.gov/sites/default/files/
shared/fin105_cmir.pdf.
Abstract: Pursuant to the BSA, the
requirement of 31 U.S.C. 5316(a) has
been implemented through a regulation
promulgated at 31 CFR 1010.340 and
through the instructions for the CMIR as
follows:
(1) Each person who physically
transports, mails, or ships, or causes to
be physically transported, mailed, or
shipped currency or other monetary
instruments in an aggregate amount
exceeding $10,000 at one time from the
United States to any place outside the
United States or into the United States
from any place outside the United
States, and
(2) Each person who receives in the
United States currency or other
monetary instruments in an aggregate
amount exceeding $10,000 at one time
which have been transported, mailed, or
shipped to the person from any place
outside the United States.
A transfer of funds through normal
banking procedures, which does not
involve the physical transportation of
currency or monetary instruments, is
not required to be reported on the CMIR.
Information collected on the CMIR is
made available, in accordance with
strict safeguards, to appropriate criminal
law enforcement and regulatory
personnel in the official performance of
their duties. The information collected
is of use in investigations involving
international and domestic money
laundering, tax evasion, fraud, and other
financial crimes.
Current Actions: Renewal without
change to the existing regulations.
Type of Review: Renewal without
change of a currently approved
information collection.
Affected Public: Individuals, business
or other for-profit institutions, and notfor-profit institutions.
Frequency: As required.
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]]>Agencies
[Federal Register Volume 83, Number 176 (Tuesday, September 11, 2018)]
[Notices]
[Pages 46011-46013]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-19656]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Proposed Renewal:
Comment Request; Renewal Without Change of Customer Identification
Programs for Brokers or Dealers in Securities and Mutual Funds
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 brokers or
dealers in securities and mutual funds to develop and implement
customer identification programs designed to
[[Page 46012]]
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-2018-0015 and the Office of Management and Budget (``OMB'')
control number of the information collection(s) you wish to comment on
(OMB control numbers 1506-0033 and/or 1506-0034).
Mail: Policy Division, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2018-0015 and the OMB control number of the information collection(s)
you wish to comment on (OMB control numbers 1506-0033 and/or 1506-
0034).
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 brokers or dealers in securities and
mutual funds are found at 31 CFR 1023.220 and 1024.220, respectively.
In accordance with the requirements of the PRA and its implementing
regulations, the following information is presented concerning the
information collection below.
1. Title: Customer Identification Program for Brokers or Dealers in
Securities (31 CFR 1023.220).
OMB Control Number: 1506-0034.
Abstract: Brokers or dealers in securities are required to
establish and maintain customer identification programs and provide
their customers with notice of the programs. (See 68 FR 25113, 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: 3,839.\2\
---------------------------------------------------------------------------
\2\ This number was provided to FinCEN by the U.S. Securities
and Exchange Commission (``SEC''), and is based on forms filed with
the SEC in 2017.
---------------------------------------------------------------------------
Estimated Number of Responses: 9,000,000 new brokers or
dealers in securities accounts opened annually.\3\
---------------------------------------------------------------------------
\3\ This number was provided to FinCEN by the SEC, and is based
on forms filed with the SEC in 2017.
---------------------------------------------------------------------------
Estimated Average Annual Burden per Response: The
estimated average burden associated with fulfilling the requirements of
this rule is 2 minutes per response.\4\
---------------------------------------------------------------------------
\4\ FinCEN did not receive comments on the previous estimate of
2 minutes of burden per response.
---------------------------------------------------------------------------
Estimated Total Annual Respondent Burden: 300,000
hours.\5\
---------------------------------------------------------------------------
\5\ 9 million responses multiplied by 2 minutes per responses
converted to hours equals 300,000 hours.
---------------------------------------------------------------------------
2. Title: Customer Identification Programs for Mutual Funds (31 CFR
1024.220).
OMB Control Number: 1506-0033.
Abstract: Mutual funds are required to implement and maintain
customer identification programs and provide their customers with
notice of the programs. (See 68 FR 25131, 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: 1,591.\6\
---------------------------------------------------------------------------
\6\ This number was provided to FinCEN by the SEC, and is based
on forms filed with the SEC in 2017.
---------------------------------------------------------------------------
Estimated Number of Responses: 20,000,000 new mutual fund
accounts opened annually.\7\
---------------------------------------------------------------------------
\7\ This estimate was provided to FinCEN by the SEC, and is
based on publicly available information as of 2017.
---------------------------------------------------------------------------
Estimated Average Annual Burden per Response: The
estimated average burden associated with fulfilling the requirements of
this rule is 2 minutes per response.\8\
---------------------------------------------------------------------------
\8\ FinCEN did not receive comments on the previous estimate of
2 minutes of burden per response.
---------------------------------------------------------------------------
Estimated Total Annual Respondent Burden: 666,667
hours.\9\
---------------------------------------------------------------------------
\9\ 20 million responses multiplied by 2 minutes per responses
converted to hours equals 666,667 hours.
---------------------------------------------------------------------------
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information
[[Page 46013]]
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. 2018-19656 Filed 9-10-18; 8:45 am]
BILLING CODE 4810-02-P
