Agency Information Collection Activities: Proposed Collection; Comment Request; Monitoring Bank Secrecy Act Compliance, 53476 [2019-21801]

Download as PDF 53476 Federal Register / Vol. 84, No. 194 / Monday, October 7, 2019 / Notices NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Monitoring Bank Secrecy Act Compliance National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: The National Credit Union Administration (NCUA), as part of a continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995. DATES: Written comments should be received on or before December 6, 2019 to be assured consideration. ADDRESSES: Interested persons are invited to submit written comments on the information collection to Mackie Malaka, National Credit Union Administration, 1775 Duke Street, Suite 6018, Alexandria, Virginia 22314; Fax No. 703–519–8579; or email at PRAComments@NCUA.gov. FOR FURTHER INFORMATION CONTACT: Address requests for additional information to Mackie Malaka at the address above or telephone 703–548– 2704. SUMMARY: SUPPLEMENTARY INFORMATION: OMB Number: 3133–0108. Title: Monitoring Bank Secrecy, 12 CFR Part § 748.2. Type of Review: Extension of a previously approved collection. Abstract: Section 748.2 of NCUA’s regulations, directs credit unions to establish a Bank Secrecy Act (BSA) compliance program that maintains procedures designed to assure and monitor compliance with the requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301–5329), the Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000– 1099), Financial Crimes Enforcement Network, Department of the Treasury. Each federally insured credit union (FICU) must develop and provide for the continued administration of a BSA compliance program to assure and monitor compliance with the recordkeeping and recording requirements prescribed by the BSA. At a minimum, a compliance program shall provide for a system of internal controls, independent testing for compliance, designation of an individual responsible for coordinating and monitoring day-today compliance; and training. NCUA VerDate Sep<11>2014 18:29 Oct 04, 2019 Jkt 250001 examiners review the program to determine whether the credit union’s procedures comply with all BSA requirements. Affected Public: Private Sector: Notfor-profit institutions. Estimated No. of Respondents: 5,308. Estimated No. of Responses per Respondent: 1. Estimated Total Annual Responses: 5,308. Estimated Burden Hours per Response: 16. Estimated Total Annual Burden Hours: 84,928. Reason for change: Adjustment are being made to the number of respondents to accurately reflect the current number of federally insured credit unions (FICUs). Request for Comments: Comments submitted in response to this notice will be summarized and included in the request for Office of Management and Budget approval. All comments will become a matter of public record. The public is invited to submit comments concerning: (a) whether the collection of information is necessary for the proper execution of the function of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information, including the validity of the methodology and assumptions used; (c) ways to enhance the quality, utility, and clarity of the information to be collected; and (d) ways to minimize the burden of the collection of the information on the respondents, including the use of automated collection techniques or other forms of information technology. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on October 2, 2019. Dated: October 2, 2019. Mackie I. Malaka, NCUA PRA Clearance Officer. [FR Doc. 2019–21801 Filed 10–4–19; 8:45 am] BILLING CODE 7535–01–P NATIONAL CREDIT UNION ADMINISTRATION Agency Information Collection Activities: Proposed Collection; Comment Request; Production of NonPublic Records and Testimony of Employees in Legal Proceedings (Touhy Request) National Credit Union Administration (NCUA). ACTION: Notice and request for comment. AGENCY: The National Credit Union Administration (NCUA), as part of a SUMMARY: PO 00000 Frm 00079 Fmt 4703 Sfmt 4703 continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the following extension of a currently approved collection, as required by the Paperwork Reduction Act of 1995. DATES: Written comments should be received on or before November 6, 2019 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of this information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) NCUA PRA Clearance Officer, 1775 Duke Street, Suite 5080, Alexandria, VA 22314, or email at PRAComments@ncua.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submission may be obtained by contacting Mackie Malaka at (703) 548–2704, emailing PRAComments@ncua.gov, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: OMB Number: 3133–0146. Title: Production of Non-public Records and Testimony of Employees in Legal Proceedings (Touhy Request). Type of Review: Extension of a currently approved collection. Abstract: 12 CFR part 792, subpart C requires anyone requesting NCUA nonpublic records for use in legal proceedings, or similarly the testimony of NCUA personnel, to provide NCUA with information regarding the requester’s grounds for the request. This process is also known as a ‘‘Touhy Request’’. The information collected will help NCUA decide whether to release non-public records or permit employees to testify in legal proceedings. NCUA regulations also require an entity or person in possession of NCUA records to notify the NCUA upon receipt of a subpoena for those records. The NCUA requires this notice to protect its records and, when necessary, intervene in litigation or file an objection to the disclosure of its confidential information in the appropriate court or tribunal. Affected Public: Private Sector: Businesses or other for-profits. Estimated Total Annual Burden Hours: 80. By Gerard Poliquin, Secretary of the Board, the National Credit Union Administration, on October 2, 2019. E:\FR\FM\07OCN1.SGM 07OCN1

Agencies

[Federal Register Volume 84, Number 194 (Monday, October 7, 2019)]
[Notices]
[Page 53476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-21801]



[[Page 53476]]

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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Monitoring Bank Secrecy Act Compliance

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before December 6, 
2019 to be assured consideration.

ADDRESSES: Interested persons are invited to submit written comments on 
the information collection to Mackie Malaka, National Credit Union 
Administration, 1775 Duke Street, Suite 6018, Alexandria, Virginia 
22314; Fax No. 703-519-8579; or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Address requests for additional 
information to Mackie Malaka at the address above or telephone 703-548-
2704.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0108.
    Title: Monitoring Bank Secrecy, 12 CFR Part Sec.  748.2.
    Type of Review: Extension of a previously approved collection.
    Abstract: Section 748.2 of NCUA's regulations, directs credit 
unions to establish a Bank Secrecy Act (BSA) compliance program that 
maintains procedures designed to assure and monitor compliance with the 
requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301-5329), the 
Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000-
1099), Financial Crimes Enforcement Network, Department of the 
Treasury. Each federally insured credit union (FICU) must develop and 
provide for the continued administration of a BSA compliance program to 
assure and monitor compliance with the recordkeeping and recording 
requirements prescribed by the BSA. At a minimum, a compliance program 
shall provide for a system of internal controls, independent testing 
for compliance, designation of an individual responsible for 
coordinating and monitoring day-to-day compliance; and training. NCUA 
examiners review the program to determine whether the credit union's 
procedures comply with all BSA requirements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated No. of Respondents: 5,308.
    Estimated No. of Responses per Respondent: 1.
    Estimated Total Annual Responses: 5,308.
    Estimated Burden Hours per Response: 16.
    Estimated Total Annual Burden Hours: 84,928.
    Reason for change: Adjustment are being made to the number of 
respondents to accurately reflect the current number of federally 
insured credit unions (FICUs).
    Request for Comments: Comments submitted in response to this notice 
will be summarized and included in the request for Office of Management 
and Budget approval. All comments will become a matter of public 
record. The public is invited to submit comments concerning: (a) 
whether the collection of information is necessary for the proper 
execution of the function of the agency, including whether the 
information will have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information, 
including the validity of the methodology and assumptions used; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; and (d) ways to minimize the burden of the collection of 
the information on the respondents, including the use of automated 
collection techniques or other forms of information technology.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on October 2, 2019.

    Dated: October 2, 2019.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2019-21801 Filed 10-4-19; 8:45 am]
 BILLING CODE 7535-01-P
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