Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review; Bank Secrecy Act/Money Laundering Risk Assessment, 44352-44353 [2019-18158]

Download as PDF 44352 Federal Register / Vol. 84, No. 164 / Friday, August 23, 2019 / Notices review DOT’s complete Privacy Act Statement in the Federal Register published on April 11, 2000 (65 FR 19477–78) or at https:// www.transportation.gov/privacy. Docket: For access to the docket to read background documents or comments received, go to https:// www.regulations.gov or to the street address listed above. Follow the online instructions for accessing the dockets. jbell on DSK3GLQ082PROD with NOTICES Page Limits for National Environmental Policy Act Documents and Focused Analyses Consistent with the Council on Environmental Quality (CEQ) ‘‘Regulations for Implementing the Procedural Provisions of the National Environmental Policy Act’’ (NEPA), this interim policy provides that, to the extent practicable, DOT operating administrations (OAs) should limit the text of draft and final environmental impact statements (EISs) to 150 pages, unless they are of an unusual scope or complexity. The interim policy also recommends that environmental assessments not exceed 75 pages. The memorandum also discusses best practices to help comply with these page limits. DOT finds it necessary to issue this interim policy because lengthy NEPA documents, containing extraneous detail and needless data, have resulted in increases in both time and cost to complete the environmental review process and has made it increasingly difficult for agency decisionmakers and the public to find the relevant information regarding proposed actions. Setting appropriate page limits is recognized as a mechanism to reduce excessive paperwork and ensure that NEPA documentation is clear, concise, and focused. In addition to reaffirming the requirements found in CEQ regulations, this memorandum is consistent with the Department’s existing NEPA implementing procedures, DOT Order 5610.1C, ‘‘Procedures for Considering Environmental Impacts’’ (July 30, 1985). It also aligns with the goals stated in Executive Order (E.O.) 13807, Establishing Discipline and Accountability in the Environmental Review and Permitting Process for Infrastructure Projects, 82 FR 40463 (Aug. 24, 2017), to achieve more efficient and effective Federal infrastructure decisions. The E.O. includes the goal of completing all Federal environmental reviews and authorization decisions for ‘‘major infrastructure projects’’ within 2 years. VerDate Sep<11>2014 16:40 Aug 22, 2019 Jkt 247001 Application of the One Federal Decision Process to DOT Projects On August 15, 2017, the President signed E.O. 13807, Establishing Discipline and Accountability in the Environmental Review and Permitting Process for Infrastructure Projects. This E.O. mandated Federal agencies to use a One Federal Decision (OFD) process for ‘‘major infrastructure projects’’ (MIPs). MIPs are defined by the E.O. as infrastructure projects that require multiple authorizations by Federal agencies, where the lead agency has determined that the projects will require an environmental impact statement (EIS), and the project sponsor has identified the reasonable availability of funds sufficient to complete the project. The E.O. directs Federal agencies that have MIPs to prepare a permitting timetable to be tracked through the Federal Permitting Dashboard at https:// www.permits.performance.gov/, establish an elevation process when a milestone may be missed or extended through an accountability system, and prepare a single environmental document and record of decision (ROD). These projects should have one lead Federal agency to navigate the project through the environmental review and authorization process. The E.O. establishes the goal of completing the environmental review process for MIPs in two years. In addition, all Federal authorization decisions should be completed within 90 days of the issuance of the ROD. Section 5(b)(iv)(C) also makes clear that the E.O. should be followed by State, tribal, or local agencies that are exercising an assignment or delegation of a Federal agency’s NEPA responsibilities. On April 9, 2018, several Departments and agencies involved in the development and approval of infrastructure projects, including DOT, executed a Memorandum of Understanding (MOU) to facilitate the implementation of the E.O. The MOU outlined the roles and responsibilities for the agencies. This included establishing a pre-scoping process, concurrence points where each agency would have to agree in writing to key decision points, an elevation process to address disputes and schedule changes, and limited exceptions for applying the OFD process. In September 26, 2018, Office of Management and Budget (OMB) released Memorandum M–18–25, Modernize Infrastructure Permitting Cross-Agency Priority Goal Performance Accountability System. This memorandum outlined how agencies would be held accountable for the PO 00000 Frm 00078 Fmt 4703 Sfmt 4703 implementation of the OFD process to their projects. The DOT interim policy on the Application of the OFD Process to DOT Projects provides DOT NEPA practitioners the processes and procedures to implement the E.O., the MOU, and the OMB accountability system guidance to DOT projects. It incorporates guidance issued by OMB and CEQ on the application of the E.O. to States participating in the NEPA Assignment Program authorized by 23 U.S.C. 327. See M–19–11, Memorandum for the Secretary of Transportation: Guidance on the Applicability of E.O. 13807 to States with NEPA Assignment Authority under the Surface Transportation Project Delivery Program (Feb. 26, 2019), https:// www.whitehouse.gov/wp-content/ uploads/2019/02/m-19-11.pdf. Issued in Washington, DC, on August 19, 2019. Loren Smith, Deputy Assistant Secretary for Transportation Policy. [FR Doc. 2019–18204 Filed 8–22–19; 8:45 am] BILLING CODE 4910–9X–P DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities; Information Collection Renewal; Submission for OMB Review; Bank Secrecy Act/Money Laundering Risk Assessment Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995. In accordance with the requirements of the Paperwork Reduction Act of 1995 (PRA), the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning its information collection entitled, ‘‘Bank Secrecy Act/Money Laundering Risk Assessment,’’ also known as the Money Laundering Risk (MLR) System. The OCC also is giving SUMMARY: E:\FR\FM\23AUN1.SGM 23AUN1 jbell on DSK3GLQ082PROD with NOTICES Federal Register / Vol. 84, No. 164 / Friday, August 23, 2019 / Notices notice that it has submitted the collection to OMB for review. DATES: Comments must be submitted by September 23, 2019. ADDRESSES: Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods: • Email: prainfo@occ.treas.gov. • Mail: Chief Counsel’s Office, Attention: Comment Processing, 1557– 0231, Office of the Comptroller of the Currency, 400 7th Street SW, Suite 3E– 218, Washington, DC 20219. • Hand Delivery/Courier: 400 7th Street SW, Suite 3E–218, Washington, DC 20219. • Fax: (571) 465–4326. Instructions: You must include ‘‘OCC’’ as the agency name and ‘‘1557– 0231’’ in your comment. In general, the OCC will publish comments on www.reginfo.gov without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0231, U.S. Office of Management and Budget, 725 17th Street NW, #10235, Washington, DC 20503 or by email to oira_submission@ omb.eop.gov. You may review comments and other related materials that pertain to this information collection 1 following the close of the 30-day comment period for this notice by any of the following methods: • Viewing Comments Electronically: Go to www.reginfo.gov. Click on the ‘‘Information Collection Review’’ tab. Underneath the ‘‘Currently under Review’’ section heading, from the dropdown menu select ‘‘Department of Treasury’’ and then click ‘‘submit.’’ This information collection can be located by searching by OMB control number ‘‘1557–0231’’ or ‘‘Bank Secrecy Act/ Money Laundering Risk Assessment.’’ Upon finding the appropriate information collection, click on the related ‘‘ICR Reference Number.’’ On the next screen, select ‘‘View Supporting Statement and Other Documents’’ and then click on the link to any comment listed at the bottom of the screen. 1 On May 10, 2019, the OCC published a 60-day notice for this information collection, 84 FR 20701. VerDate Sep<11>2014 16:40 Aug 22, 2019 Jkt 247001 • For assistance in navigating www.reginfo.gov, please contact the Regulatory Information Service Center at (202) 482–7340. • Viewing Comments Personally: You may personally inspect comments at the OCC, 400 7th Street SW, Washington, DC. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling (202) 649–6700 or, for persons who are deaf or hearing impaired, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect comments. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, (202) 649–5490, or for persons who are deaf or hearing impaired, TTY, (202) 649–5597, Chief Counsel’s Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), federal agencies must obtain approval from the OMB for each collection of information they conduct or sponsor. ‘‘Collection of information’’ is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include questions posed to agencies, instrumentalities, or employees of the United States, if the results are to be used for general statistical purposes, that is, if the results are to be used for statistical compilations of general public interest, including compilations showing the status or implementation of federal activities and programs. The OCC asks that OMB extend its approval of this collection. Title: Bank Secrecy Act/Money Laundering Risk Assessment. OMB Control No: 1557–0231. Type of Review: Regular. Affected Public: Business or other forprofit. Description: The MLR System enhances the ability of examiners and bank management to identify and evaluate Bank Secrecy Act/Money Laundering and Office of Foreign Asset Control (OFAC) sanctions risks associated with banks’ products, services, customers, and locations. As new products and services are introduced, existing products and services change, and banks expand through mergers and acquisitions, banks’ evaluation of money laundering and terrorist financing risks should evolve as well. Consequently, the MLR risk assessment is an important tool for the OCC’s Bank Secrecy Act/AntiMoney Laundering and OFAC supervision activities because it allows PO 00000 Frm 00079 Fmt 4703 Sfmt 9990 44353 the agency to better identify those institutions, and areas within institutions, that pose heightened risk and allocate examination resources accordingly. This risk assessment is critical in protecting U.S. financial institutions of all sizes from potential abuse from money laundering and terrorist financing. An appropriate risk assessment allows applicable control to be effectively implemented for the lines of business, products, or entities that would elevate Bank Secrecy Act/Money Laundering and OFAC compliance risks. We will collect MLR information for community banks supervised by the OCC. The format of OCC’s annual Risk Summary Form (RSF) is fully automated, making data entry quick and efficient and providing an electronic record for all parties. The OCC estimates the burden of this collection of information as follows: Burden Estimates: Community bank population: Estimated Number of Respondents: 1,088. Estimated Number of Responses: 1,088. Frequency of Response: Annually. Estimated Annual Burden: 6,528 hours. On May 10, 2019, the OCC issued a notice for 60 days of comment concerning this collection. No comments were received. Comments continue to be invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information has 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 on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: August 19, 2019. Theodore J. Dowd, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2019–18158 Filed 8–22–19; 8:45 am] BILLING CODE 4810–33–P E:\FR\FM\23AUN1.SGM 23AUN1

Agencies

[Federal Register Volume 84, Number 164 (Friday, August 23, 2019)]
[Notices]
[Pages 44352-44353]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-18158]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities; Information Collection 
Renewal; Submission for OMB Review; Bank Secrecy Act/Money Laundering 
Risk Assessment

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

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

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995.
    In accordance with the requirements of the Paperwork Reduction Act 
of 1995 (PRA), the OCC may not conduct or sponsor, and the respondent 
is not required to respond to, an information collection unless it 
displays a currently valid Office of Management and Budget (OMB) 
control number.
    The OCC is soliciting comment concerning its information collection 
entitled, ``Bank Secrecy Act/Money Laundering Risk Assessment,'' also 
known as the Money Laundering Risk (MLR) System. The OCC also is giving

[[Page 44353]]

notice that it has submitted the collection to OMB for review.

DATES: Comments must be submitted by September 23, 2019.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, 1557-0231, Office of the Comptroller of the Currency, 400 
7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 465-4326.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0231'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. Comments received, including 
attachments and other supporting materials, are part of the public 
record and subject to public disclosure. Do not include any information 
in your comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0231, U.S. Office of Management and Budget, 725 17th 
Street NW, #10235, Washington, DC 20503 or by email to 
[email protected].
    You may review comments and other related materials that pertain to 
this information collection \1\ following the close of the 30-day 
comment period for this notice by any of the following methods:
---------------------------------------------------------------------------

    \1\ On May 10, 2019, the OCC published a 60-day notice for this 
information collection, 84 FR 20701.
---------------------------------------------------------------------------

     Viewing Comments Electronically: Go to www.reginfo.gov. 
Click on the ``Information Collection Review'' tab. Underneath the 
``Currently under Review'' section heading, from the drop-down menu 
select ``Department of Treasury'' and then click ``submit.'' This 
information collection can be located by searching by OMB control 
number ``1557-0231'' or ``Bank Secrecy Act/Money Laundering Risk 
Assessment.'' Upon finding the appropriate information collection, 
click on the related ``ICR Reference Number.'' On the next screen, 
select ``View Supporting Statement and Other Documents'' and then click 
on the link to any comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.
     Viewing Comments Personally: You may personally inspect 
comments at the OCC, 400 7th Street SW, Washington, DC. For security 
reasons, the OCC requires that visitors make an appointment to inspect 
comments. You may do so by calling (202) 649-6700 or, for persons who 
are deaf or hearing impaired, TTY, (202) 649-5597. Upon arrival, 
visitors will be required to present valid government-issued photo 
identification and submit to security screening in order to inspect 
comments.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, (202) 649-5490, or for persons who are deaf or hearing 
impaired, TTY, (202) 649-5597, Chief Counsel's Office, Office of the 
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), 
federal agencies must obtain approval from the OMB for each collection 
of information they conduct or sponsor. ``Collection of information'' 
is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include 
questions posed to agencies, instrumentalities, or employees of the 
United States, if the results are to be used for general statistical 
purposes, that is, if the results are to be used for statistical 
compilations of general public interest, including compilations showing 
the status or implementation of federal activities and programs. The 
OCC asks that OMB extend its approval of this collection.
    Title: Bank Secrecy Act/Money Laundering Risk Assessment.
    OMB Control No: 1557-0231.
    Type of Review: Regular.
    Affected Public: Business or other for-profit.
    Description: The MLR System enhances the ability of examiners and 
bank management to identify and evaluate Bank Secrecy Act/Money 
Laundering and Office of Foreign Asset Control (OFAC) sanctions risks 
associated with banks' products, services, customers, and locations. As 
new products and services are introduced, existing products and 
services change, and banks expand through mergers and acquisitions, 
banks' evaluation of money laundering and terrorist financing risks 
should evolve as well. Consequently, the MLR risk assessment is an 
important tool for the OCC's Bank Secrecy Act/Anti-Money Laundering and 
OFAC supervision activities because it allows the agency to better 
identify those institutions, and areas within institutions, that pose 
heightened risk and allocate examination resources accordingly. This 
risk assessment is critical in protecting U.S. financial institutions 
of all sizes from potential abuse from money laundering and terrorist 
financing. An appropriate risk assessment allows applicable control to 
be effectively implemented for the lines of business, products, or 
entities that would elevate Bank Secrecy Act/Money Laundering and OFAC 
compliance risks.
    We will collect MLR information for community banks supervised by 
the OCC.
    The format of OCC's annual Risk Summary Form (RSF) is fully 
automated, making data entry quick and efficient and providing an 
electronic record for all parties.
    The OCC estimates the burden of this collection of information as 
follows:
    Burden Estimates: Community bank population:
    Estimated Number of Respondents: 1,088.
    Estimated Number of Responses: 1,088.
    Frequency of Response: Annually.
    Estimated Annual Burden: 6,528 hours.
    On May 10, 2019, the OCC issued a notice for 60 days of comment 
concerning this collection. No comments were received. Comments 
continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information has 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 on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: August 19, 2019.
Theodore J. Dowd,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2019-18158 Filed 8-22-19; 8:45 am]
BILLING CODE 4810-33-P
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