Agency Information Collection Activities; Submission for OMB Review; Comment Request; Hizballah Financial Sanctions Regulations-Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts, 65899-65900 [2019-25875]

Download as PDF khammond on DSKJM1Z7X2PROD with NOTICES Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices a return showing the aggregate amount of interest paid to a payee. Regulations sections 1.6049 4 and 1.6049 7 require Form 1099–INT to be used to report this information. IRC section 6041 and Regulations section 1.6041 1 require persons paying interest (that is not covered under section 6049) of $600 or more in the course of their trades or businesses to report that interest on Form 1099–INT. IRS uses Form 1099– INT to verify compliance with the reporting rules and to verify that the recipient has included the proper amount of interest on his or her income tax return. Current Actions: There is no change to the burden previously approved by OMB. This form is being submitted for renewal purposes only. Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations, Federal Government, individuals or households, and not-for-profit institutions. Estimated Number of Responses: 141,555,000. Estimated Time per Respondent: 13 min. Estimated Total Annual Burden Hours: 46,403,150. The following paragraph applies to all the collections of information covered by this notice: 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. Books or records relating to a collection of information must be retained if their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Desired Focus of Comments: The Internal Revenue Service (IRS) is particularly interested in comments that: • Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; • Evaluate the accuracy of the agency’s estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; • Enhance the quality, utility, and clarity of the information to be collected; and • Minimize the burden of the collection of information on those who are to respond, including using VerDate Sep<11>2014 16:49 Nov 27, 2019 Jkt 250001 appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., by permitting electronic submissions of responses. Comments submitted in response to this notice will be summarized and/or included in the ICR for OMB approval of the extension of the information collection; they will also become a matter of public record. Approved: November 22, 2019. R. Joseph Durbala, IRS Tax Analyst. [FR Doc. 2019–25881 Filed 11–27–19; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. DATES: Comments should be received on or before December 30, 2019 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the 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 Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. SUMMARY: SUPPLEMENTARY INFORMATION: PO 00000 Frm 00124 Fmt 4703 Sfmt 4703 65899 Financial Crimes Enforcement Network (FinCEN) Title: Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern. OMB Control Number: 1506–0071. Type of Review: Extension without change of a currently approved collection. Description: The Director of FinCEN found that the Democratic People’s Republic of Korea (‘‘North Korea’’) is a jurisdiction of primary money laundering concern. FinCEN issued regulations that prohibit covered financial institutions from opening or maintaining a correspondent account in the United States for or on behalf of a North Korean banking institution and which prohibit the use of foreign banking institutions’ correspondent accounts at covered U.S. financial institutions to process transactions involving North Korean financial institutions. Form: None. Affected Public: Businesses or other for-profits. Estimated Number of Respondents: 23,615. Frequency of Response: On Occasion. Estimated Total Number of Annual Responses: 23,615. Estimated Time per Response: 1 hour. Estimated Total Annual Burden Hours: 23,615. Authority: 44 U.S.C. 3501 et seq. Dated: November 25, 2019. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2019–25876 Filed 11–27–19; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Hizballah Financial Sanctions Regulations— Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests. SUMMARY: E:\FR\FM\29NON1.SGM 29NON1 65900 Federal Register / Vol. 84, No. 230 / Friday, November 29, 2019 / Notices Comments should be received on or before December 30, 2019 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the 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 Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: DATES: khammond on DSKJM1Z7X2PROD with NOTICES Office of Foreign Assets Control (OFAC) Title: Hizballah Financial Sanctions Regulations—Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts. OMB Control Number: 1505–0255. Type of Review: Extension without change of a currently approved collection. Description: The Department of the Treasury’s Office of Foreign Assets Control (OFAC) added the Hizballah Financial Sanctions Regulations to 31 CFR chapter V, in order to implement the Hizballah International Financing Prevention Act of 2015, Public Law 114–102 (HIFPA). The Regulations require a U.S. financial institution that maintained a correspondent account or a payable-through account for a foreign financial institution for which the maintaining of such an account has VerDate Sep<11>2014 16:49 Nov 27, 2019 Jkt 250001 been prohibited to file a report with OFAC that provides full details on the closing of each such account within 30 days of the closure of the account. The report must include complete information on all transactions processed or executed in winding down and closing the account. This collection of information is required by OFAC to monitor compliance with regulatory requirements regarding the closure of correspondent accounts and payablethrough accounts maintained by a U.S. financial institution for a foreign financial institution when the maintaining of such accounts for a foreign financial institution has been prohibited pursuant to the Regulations. Form: None. Affected Public: Businesses or other for-profits. Estimated Number of Respondents: 1. Frequency of Response: Once. Estimated Total Number of Annual Responses: 1. Estimated Time per Response: 2 hours. Estimated Total Annual Burden Hours: 2. Authority: 44 U.S.C. 3501 et seq. Dated: November 25, 2019. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2019–25875 Filed 11–27–19; 8:45 am] BILLING CODE 4810–AL–P DEPARTMENT OF VETERANS AFFAIRS Advisory Committee on Women Veterans, Notice of Meeting The Department of Veterans Affairs (VA) gives notice under the Federal Advisory Committee Act that the Advisory Committee on Women Veterans will meet on December 17–19, 2019, at the VA Central Office, 810 PO 00000 Frm 00125 Fmt 4703 Sfmt 9990 Vermont Avenue NW, Sonny Montgomery Conference Room 230, Washington, DC The meeting sessions will begin at 8:30 a.m. and end 12:00 p.m. each day. The meeting sessions are open to the public. The purpose of the Committee is to advise the Secretary of Veterans Affairs regarding the needs of women Veterans with respect to health care, rehabilitation, compensation, outreach, and other programs and activities administered by VA designed to meet such needs. The Committee makes recommendations to the Secretary regarding such programs and activities. The agenda will include updates from the Veterans Health Administration, the Veterans Benefits Administration, and Staff Offices, as well as briefings on other issues impacting women Veterans. No time will be allocated at this meeting for receiving oral presentations from the public. Interested parties should provide written comments for review by the Committee to Ms. Shannon L. Middleton, VA Center for Women Veterans (00W), 810 Vermont Avenue NW, Washington, DC 20420, or email at 00W@mail.va.gov, or fax to (202) 273–7092. Because the meeting is being held in a government building, a photo I.D. must be presented at the Guard’s Desk as a part of the screening process. Due to an increase in security protocols, you should allow an additional 30 minutes before the meeting begins. Any member of the public who wishes to attend the meeting or wants additional information should contact Ms. Middleton at (202) 461– 6193. Dated: November 25, 2019. Jelessa M. Burney, Federal Advisory Committee Management Officer. [FR Doc. 2019–25874 Filed 11–27–19; 8:45 am] BILLING CODE 8320–01–P E:\FR\FM\29NON1.SGM 29NON1

Agencies

[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
[Notices]
[Pages 65899-65900]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25875]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Hizballah Financial Sanctions Regulations--
Report on Closure by U.S. Financial Institutions of Correspondent 
Accounts and Payable-Through Accounts

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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

SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

[[Page 65900]]


DATES: Comments should be received on or before December 30, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the 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 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Office of Foreign Assets Control (OFAC)

    Title: Hizballah Financial Sanctions Regulations--Report on Closure 
by U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
    OMB Control Number: 1505-0255.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The Department of the Treasury's Office of Foreign 
Assets Control (OFAC) added the Hizballah Financial Sanctions 
Regulations to 31 CFR chapter V, in order to implement the Hizballah 
International Financing Prevention Act of 2015, Public Law 114-102 
(HIFPA). The Regulations require a U.S. financial institution that 
maintained a correspondent account or a payable-through account for a 
foreign financial institution for which the maintaining of such an 
account has been prohibited to file a report with OFAC that provides 
full details on the closing of each such account within 30 days of the 
closure of the account. The report must include complete information on 
all transactions processed or executed in winding down and closing the 
account. This collection of information is required by OFAC to monitor 
compliance with regulatory requirements regarding the closure of 
correspondent accounts and payable-through accounts maintained by a 
U.S. financial institution for a foreign financial institution when the 
maintaining of such accounts for a foreign financial institution has 
been prohibited pursuant to the Regulations.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 1.
    Frequency of Response: Once.
    Estimated Total Number of Annual Responses: 1.
    Estimated Time per Response: 2 hours.
    Estimated Total Annual Burden Hours: 2.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: November 25, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-25875 Filed 11-27-19; 8:45 am]
 BILLING CODE 4810-AL-P
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