Agency Information Collection Activities; Proposed Renewal; Comment Request: Renewal Without Change of Information Collection Requirements in Connection With the Imposition of a Special Measure Against Commercial Bank of Syria, Including Its Subsidiary, Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern, 14442-14443 [2023-04712]
Download as PDF
14442
Federal Register / Vol. 88, No. 45 / Wednesday, March 8, 2023 / Notices
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, cost of operation and
maintenance, and cost involved in
purchasing services.
Himamauli Das,
Acting Director, Financial Crimes
Enforcement Network.
[FR Doc. 2023–04713 Filed 3–7–23; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Proposed Renewal;
Comment Request: Renewal Without
Change of Information Collection
Requirements in Connection With the
Imposition of a Special Measure
Against Commercial Bank of Syria,
Including Its Subsidiary, Syrian
Lebanese Commercial Bank, as a
Financial Institution of Primary Money
Laundering Concern
Financial Crimes Enforcement
Network (FinCEN), Treasury.
ACTION: Notice and request for
comments.
AGENCY:
As part of a continuing effort
to reduce paperwork and respondent
burden, FinCEN invites comment on a
renewal, without change, to information
collection requirements finalized on
March 15, 2006, imposing a special
measure against the Commercial Bank of
Syria, including its subsidiary, Syrian
Lebanese Commercial Bank
(collectively, the ‘‘Commercial Bank of
Syria’’), as a financial institution of
primary money laundering concern.
This request for comments is being
made pursuant to the Paperwork
Reduction Act of 1995 (PRA).
DATES: Written comments are welcome
and must be received on or before May
8, 2023.
ADDRESSES: Comments may be
submitted by any of the following
methods:
lotter on DSK11XQN23PROD with NOTICES1
VerDate Sep<11>2014
16:48 Mar 07, 2023
Jkt 259001
The legislative framework generally
referred to as the Bank Secrecy Act
(BSA) consists of the Currency and
Foreign Transactions Reporting Act of
1970, as amended by the Uniting and
Strengthening America by Providing
Appropriate Tools Required to Intercept
and Obstruct Terrorism Act of 2001
(USA PATRIOT Act), Public Law 107–
56 (October 26, 2001), and other
legislation, including the Anti-Money
Laundering Act of 2020 (AML Act).1
The BSA is codified at 12 U.S.C. 1829b,
12 U.S.C. 1951–1960, and 31 U.S.C.
5311–5314 and 5316–5336, and notes
thereto, with implementing regulations
at 31 CFR Chapter X.
The BSA authorizes the Secretary of
the Treasury (the ‘‘Secretary’’), inter
alia, 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 AML
programs and compliance procedures.2
Regulations implementing the BSA
appear at 31 CFR Chapter X. The
authority of the Secretary to administer
the BSA has been delegated to the
Director of FinCEN.3
Section 311 of the USA PATRIOT Act
(Section 311), codified at 31 U.S.C.
5318A, grants FinCEN the authority,
upon finding that reasonable grounds
exist for concluding that a foreign
jurisdiction, financial institution, class
of transactions, or type of account is of
‘‘primary money laundering concern,’’
to require domestic financial
institutions and financial agencies to
take one or more ‘‘special measures.’’
Special measures one through four,
codified at 31 U.S.C. 5318A(b)(1)–(b)(4),
impose additional recordkeeping,
information collection, and reporting
requirements on covered U.S. financial
institutions. The fifth special measure,
codified at 31 U.S.C. 5318A(b)(5),
allows FinCEN to impose prohibitions
or conditions on the opening or
maintenance of certain correspondent
accounts. Special measures are
safeguards that protect the U.S. financial
system from money laundering and
terrorist financing.
FinCEN issued a final rule on March
15, 2006, imposing the fifth special
measure to prohibit U.S. financial
institutions from opening or
maintaining a correspondent account
for, or on behalf of, the Commercial
Bank of Syria, including its subsidiary
Syrian Lebanese Commercial Bank.4
The rule requires that U.S. financial
institutions apply due diligence to
correspondent accounts they maintain
on behalf of foreign financial
institutions that is reasonably designed
to guard against the indirect use of those
accounts by the Commercial Bank of
Syria. See 31 CFR 1010.653. U.S.
financial institutions are required under
31 CFR 1010.653(b)(2)(i)(A) to notify
holders of foreign correspondent
accounts that they may not provide the
Commercial Bank of Syria with access
to such accounts. The requirement is
intended to ensure cooperation from
correspondent account holders in
denying Commercial Bank of Syria
access to the U.S. financial system. U.S.
financial institutions are required under
31 CFR1010.653(b)(3)(i) to document
1 The AML Act was enacted as Division F,
§§ 6001–6511, of the William M. (Mac) Thornberry
National Defense Authorization Act for Fiscal Year
2021, Public Law 116–283, 134 Stat 3388 (2021).
2 Section 358 of the USA PATRIOT Act expanded
the scope of the BSA by including a reference to
reports and records ‘‘that have a high degree of
usefulness in intelligence or counterintelligence
activities to protect against international terrorism.’’
Section 6101 of the AML Act further expanded the
scope of the BSA to cover such matters as
preventing money laundering, tracking illicit funds,
assessing risk, and establishing appropriate
frameworks for information sharing.
3 Treasury Order 180–01 (Jan. 14, 2020).
Therefore, references to the authority of the
Secretary under Section 311 of the USA PATRIOT
Act apply equally to the Director of FinCEN.
4 FinCEN, Final Rule—Imposition of a Special
Measure Against Commercial Bank of Syria,
Including its Subsidiary, Syrian Lebanese
Commercial Bank, as a Financial Institution of
Primary Money Laundering Concern, 71 FR 13260
(Mar. 15, 2006).
I. Statutory and Regulatory Provisions
Financial Crimes Enforcement Network
SUMMARY:
• Federal E-rulemaking Portal: https://
www.regulations.gov. Follow the
instructions for submitting comments.
Refer to Docket Number FINCEN–2023–
0004 and the specific Office of
Management and Budget (OMB) control
number 1506–0036.
• Mail: Global Investigations
Division, Financial Crimes Enforcement
Network, P.O. Box 39, Vienna, VA
22183. Refer to Docket Number
FINCEN–2023–0004 and OMB control
number 1506–0036.
Please submit comments by one
method only. Comments will be
reviewed consistent with the PRA and
applicable OMB regulations and
guidance. 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 1–800–767–
2825 or electronically at https://
www.fincen.gov/contact.
SUPPLEMENTARY INFORMATION:
PO 00000
Frm 00118
Fmt 4703
Sfmt 4703
E:\FR\FM\08MRN1.SGM
08MRN1
Federal Register / Vol. 88, No. 45 / Wednesday, March 8, 2023 / Notices
compliance with the notification
requirement. The information is used by
federal agencies and certain selfregulatory organizations to verify
compliance with 31 CFR 1010.653.
II. Paperwork Reduction Act of 1995 5
Title: Information Collection
Requirements in Connection with the
Imposition of a Special Measure Against
Commercial Bank of Syria, Including its
Subsidiary, Syrian Lebanese
Commercial Bank, as a Financial
Institution of Primary Money
Laundering Concern.
OMB Control Number: 1506–0036.
Report Number: Not applicable.
Abstract: FinCEN is issuing this
notice to renew the OMB control
number for the imposition of a special
measure against the Commercial Bank of
Syria, including its subsidiary Syrian
Lebanese Commercial Bank, as a
financial institution of primary money
laundering concern pursuant to the
authority contained in 31 U.S.C. 5318A.
See 31 CFR 1010.653
Type of Review: Renewal without
change of a currently approved
collection.
Affected Public: Businesses or other
for-profit institutions, and not-for-profit
institutions.
Frequency: One time notification and
recordkeeping associated with the
notification. See 31 CFR part
1010.653(b)(2)(i)(A) and 31 CFR part
1010.653(b)(3)(i).
Estimated Number of Respondents:
15,960.
5 Public
Law 104–13, 44 U.S.C. 3506(c)(2)(A).
counts are from the Q3 2022 Federal
Financial Institutions Examination Council (FFIEC)
Call Report data, available at https://cdr.ffiec.gov/
public/pws/downloadbulkdata.aspx. Data for
institutions that are not insured, are insured under
non-FDIC deposit insurance regimes, or do not have
a Federal functional regulator are from the FDIC’s
Research Information System, available at https://
www.fdic.gov/foia/ris/.
7 Credit union data are from the National Credit
Union Administration (NCUA) for Q3 2022,
available at https://ncua.gov/analysis/credit-unioncorporate-call-report-data.
8 According to the SEC, there are 3,527 brokers or
dealers in securities as of the end of fiscal year
2021. See SEC, Fiscal Year 2023 Congressional
Budget Justification, p. 33, https://www.sec.gov/
files/FY%202023%20Congressional
%20Budget%20Justification
%20Annual%20Performance%20Plan_FINAL.pdf.
9 According to information provided by the SEC
as of December 2022 (including filings made
through January 20, 2023), there are 1,378 open-end
registered investment companies that report on
Form N–CEN. FinCEN assesses that such companies
would be responsible for implementing the
requirements imposed through the final rule issued
on March 15, 2006.
10 As of November 30, 2022, there are 62 futures
commission merchants. See Commodity Futures
Trading Commission, ‘‘Financial Data for FCMs’’,
dated November 2022, available at https://
www.cftc.gov/MarketReports/financialfcmdata/
lotter on DSK11XQN23PROD with NOTICES1
6 All
VerDate Sep<11>2014
16:48 Mar 07, 2023
Jkt 259001
RESPONDENT FINANCIAL INSTITUTIONS
BY CATEGORY
Type of institution
Count
Banks, savings associations,
thrifts, trust companies 6 ...
Credit unions 7 ......................
Brokers or dealers in securities 8 ..................................
Mutual funds 9 .......................
Futures commission merchants and introducing
brokers in commodities 10
1,036
Total ...............................
15,960
5,102
4,917
3,527
1,378
Estimated Time per Respondent: 1
hour.
Estimated Total Annual Burden:
15,960 hours (15,960 respondents × 1
hour).
When the final rule was published on
March 15, 2006, FinCEN estimated that
5,000 U.S. financial institutions were
affected by the rule. FinCEN has since
revised its estimate upward to account
for all domestic financial institutions
that could potentially maintain
correspondent accounts for foreign
banks. There are approximately 15,960
such financial institutions doing
business in the United States.
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
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a valid OMB control
number. Comments submitted in
response to this notice will be
summarized and/or included in a
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;
index.htm. Additionally, as of December 31, 2022,
there are 974 introducing brokers in commodities
according to the Commodity Futures Trading
Commission. These two counts total 1,036.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
14443
and (e) estimates of capital or start-up
costs, cost of operation and
maintenance, and cost involved in
purchasing services.
Himamauli Das,
Acting Director, Financial Crimes
Enforcement Network.
[FR Doc. 2023–04712 Filed 3–7–23; 8:45 am]
BILLING CODE 4810–02–P
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Notice of OFAC Sanctions Actions
Office of Foreign Assets
Control, Treasury.
ACTION: Notice.
AGENCY:
The U.S. Department of the
Treasury’s Office of Foreign Assets
Control (OFAC) is publishing the names
of one or more persons that have been
placed on OFAC’s Specially Designated
Nationals and Blocked Persons List
(SDN List) based on OFAC’s
determination that one or more
applicable legal criteria were satisfied.
All property and interests in property
subject to U.S. jurisdiction of these
persons are blocked, and U.S. persons
are generally prohibited from engaging
in transactions with them. Additionally,
OFAC is publishing updates to the
identifying information of one person
currently included on the SDN List.
DATES: See SUPPLEMENTARY INFORMATION
section for applicable date(s).
FOR FURTHER INFORMATION CONTACT:
OFAC: Andrea Gacki, Director, tel.:
202–622–2490; Associate Director for
Global Targeting, tel.: 202–622–2420;
Assistant Director for Licensing, tel.:
202–622–2480; Assistant Director for
Regulatory Affairs, tel.: 202–622–4855;
or the Assistant Director for Sanctions
Compliance & Evaluation, tel.: 202–622–
2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic Availability
The SDN List and additional
information concerning OFAC sanctions
programs are available on OFAC’s
website (www.treasury.gov/ofac).
Notice of OFAC Actions
A. On February 28, 2023, OFAC
determined that the property and
interests in property subject to U.S.
jurisdiction of the following person are
blocked under the relevant sanctions
authority listed below.
1. CISNEROS HERNANDEZ, Jesus, Mexico;
DOB 08 Jun 1989; POB Jalisco, Mexico;
nationality Mexico; Gender Male; C.U.R.P.
E:\FR\FM\08MRN1.SGM
08MRN1
Agencies
[Federal Register Volume 88, Number 45 (Wednesday, March 8, 2023)]
[Notices]
[Pages 14442-14443]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-04712]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Agency Information Collection Activities; Proposed Renewal;
Comment Request: Renewal Without Change of Information Collection
Requirements in Connection With the Imposition of a Special Measure
Against Commercial Bank of Syria, Including Its Subsidiary, Syrian
Lebanese Commercial Bank, as a Financial Institution of Primary Money
Laundering Concern
AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: As part of a continuing effort to reduce paperwork and
respondent burden, FinCEN invites comment on a renewal, without change,
to information collection requirements finalized on March 15, 2006,
imposing a special measure against the Commercial Bank of Syria,
including its subsidiary, Syrian Lebanese Commercial Bank
(collectively, the ``Commercial Bank of Syria''), as a financial
institution of primary money laundering concern. This request for
comments is being made pursuant to the Paperwork Reduction Act of 1995
(PRA).
DATES: Written comments are welcome and must be received on or before
May 8, 2023.
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-2023-0004 and the specific Office of Management and Budget (OMB)
control number 1506-0036.
Mail: Global Investigations Division, Financial Crimes
Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket
Number FINCEN-2023-0004 and OMB control number 1506-0036.
Please submit comments by one method only. Comments will be
reviewed consistent with the PRA and applicable OMB regulations and
guidance. 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 1-800-
767-2825 or electronically at https://www.fincen.gov/contact.
SUPPLEMENTARY INFORMATION:
I. Statutory and Regulatory Provisions
The legislative framework generally referred to as the Bank Secrecy
Act (BSA) consists of the Currency and Foreign Transactions Reporting
Act of 1970, as amended by the Uniting and Strengthening America by
Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001 (USA PATRIOT Act), Public Law 107-56 (October 26,
2001), and other legislation, including the Anti-Money Laundering Act
of 2020 (AML Act).\1\ The BSA is codified at 12 U.S.C. 1829b, 12 U.S.C.
1951-1960, and 31 U.S.C. 5311-5314 and 5316-5336, and notes thereto,
with implementing regulations at 31 CFR Chapter X.
---------------------------------------------------------------------------
\1\ The AML Act was enacted as Division F, Sec. Sec. 6001-6511,
of the William M. (Mac) Thornberry National Defense Authorization
Act for Fiscal Year 2021, Public Law 116-283, 134 Stat 3388 (2021).
---------------------------------------------------------------------------
The BSA authorizes the Secretary of the Treasury (the
``Secretary''), inter alia, 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 AML programs and compliance
procedures.\2\ Regulations implementing the BSA appear at 31 CFR
Chapter X. The authority of the Secretary to administer the BSA has
been delegated to the Director of FinCEN.\3\
---------------------------------------------------------------------------
\2\ Section 358 of the USA PATRIOT Act expanded the scope of the
BSA by including a reference to reports and records ``that have a
high degree of usefulness in intelligence or counterintelligence
activities to protect against international terrorism.'' Section
6101 of the AML Act further expanded the scope of the BSA to cover
such matters as preventing money laundering, tracking illicit funds,
assessing risk, and establishing appropriate frameworks for
information sharing.
\3\ Treasury Order 180-01 (Jan. 14, 2020). Therefore, references
to the authority of the Secretary under Section 311 of the USA
PATRIOT Act apply equally to the Director of FinCEN.
---------------------------------------------------------------------------
Section 311 of the USA PATRIOT Act (Section 311), codified at 31
U.S.C. 5318A, grants FinCEN the authority, upon finding that reasonable
grounds exist for concluding that a foreign jurisdiction, financial
institution, class of transactions, or type of account is of ``primary
money laundering concern,'' to require domestic financial institutions
and financial agencies to take one or more ``special measures.''
Special measures one through four, codified at 31 U.S.C.
5318A(b)(1)-(b)(4), impose additional recordkeeping, information
collection, and reporting requirements on covered U.S. financial
institutions. The fifth special measure, codified at 31 U.S.C.
5318A(b)(5), allows FinCEN to impose prohibitions or conditions on the
opening or maintenance of certain correspondent accounts. Special
measures are safeguards that protect the U.S. financial system from
money laundering and terrorist financing.
FinCEN issued a final rule on March 15, 2006, imposing the fifth
special measure to prohibit U.S. financial institutions from opening or
maintaining a correspondent account for, or on behalf of, the
Commercial Bank of Syria, including its subsidiary Syrian Lebanese
Commercial Bank.\4\ The rule requires that U.S. financial institutions
apply due diligence to correspondent accounts they maintain on behalf
of foreign financial institutions that is reasonably designed to guard
against the indirect use of those accounts by the Commercial Bank of
Syria. See 31 CFR 1010.653. U.S. financial institutions are required
under 31 CFR 1010.653(b)(2)(i)(A) to notify holders of foreign
correspondent accounts that they may not provide the Commercial Bank of
Syria with access to such accounts. The requirement is intended to
ensure cooperation from correspondent account holders in denying
Commercial Bank of Syria access to the U.S. financial system. U.S.
financial institutions are required under 31 CFR1010.653(b)(3)(i) to
document
[[Page 14443]]
compliance with the notification requirement. The information is used
by federal agencies and certain self-regulatory organizations to verify
compliance with 31 CFR 1010.653.
---------------------------------------------------------------------------
\4\ FinCEN, Final Rule--Imposition of a Special Measure Against
Commercial Bank of Syria, Including its Subsidiary, Syrian Lebanese
Commercial Bank, as a Financial Institution of Primary Money
Laundering Concern, 71 FR 13260 (Mar. 15, 2006).
---------------------------------------------------------------------------
II. Paperwork Reduction Act of 1995 5
---------------------------------------------------------------------------
\5\ Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).
---------------------------------------------------------------------------
Title: Information Collection Requirements in Connection with the
Imposition of a Special Measure Against Commercial Bank of Syria,
Including its Subsidiary, Syrian Lebanese Commercial Bank, as a
Financial Institution of Primary Money Laundering Concern.
OMB Control Number: 1506-0036.
Report Number: Not applicable.
Abstract: FinCEN is issuing this notice to renew the OMB control
number for the imposition of a special measure against the Commercial
Bank of Syria, including its subsidiary Syrian Lebanese Commercial
Bank, as a financial institution of primary money laundering concern
pursuant to the authority contained in 31 U.S.C. 5318A. See 31 CFR
1010.653
Type of Review: Renewal without change of a currently approved
collection.
Affected Public: Businesses or other for-profit institutions, and
not-for-profit institutions.
Frequency: One time notification and recordkeeping associated with
the notification. See 31 CFR part 1010.653(b)(2)(i)(A) and 31 CFR part
1010.653(b)(3)(i).
Estimated Number of Respondents: 15,960.
---------------------------------------------------------------------------
\6\ All counts are from the Q3 2022 Federal Financial
Institutions Examination Council (FFIEC) Call Report data, available
at https://cdr.ffiec.gov/public/pws/downloadbulkdata.aspx. Data for
institutions that are not insured, are insured under non-FDIC
deposit insurance regimes, or do not have a Federal functional
regulator are from the FDIC's Research Information System, available
at https://www.fdic.gov/foia/ris/.
\7\ Credit union data are from the National Credit Union
Administration (NCUA) for Q3 2022, available at https://ncua.gov/analysis/credit-union-corporate-call-report-data.
\8\ According to the SEC, there are 3,527 brokers or dealers in
securities as of the end of fiscal year 2021. See SEC, Fiscal Year
2023 Congressional Budget Justification, p. 33, https://www.sec.gov/files/FY%202023%20Congressional%20Budget%20Justification%20Annual%20Performance%20Plan_FINAL.pdf.
\9\ According to information provided by the SEC as of December
2022 (including filings made through January 20, 2023), there are
1,378 open-end registered investment companies that report on Form
N-CEN. FinCEN assesses that such companies would be responsible for
implementing the requirements imposed through the final rule issued
on March 15, 2006.
\10\ As of November 30, 2022, there are 62 futures commission
merchants. See Commodity Futures Trading Commission, ``Financial
Data for FCMs'', dated November 2022, available at https://www.cftc.gov/MarketReports/financialfcmdata/index.htm. Additionally,
as of December 31, 2022, there are 974 introducing brokers in
commodities according to the Commodity Futures Trading Commission.
These two counts total 1,036.
Respondent Financial Institutions by Category
------------------------------------------------------------------------
Type of institution Count
------------------------------------------------------------------------
Banks, savings associations, thrifts, trust companies 5,102
\6\....................................................
Credit unions \7\....................................... 4,917
Brokers or dealers in securities \8\.................... 3,527
Mutual funds \9\........................................ 1,378
Futures commission merchants and introducing brokers in 1,036
commodities \10\.......................................
---------------
Total............................................... 15,960
------------------------------------------------------------------------
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden: 15,960 hours (15,960 respondents x 1
hour).
When the final rule was published on March 15, 2006, FinCEN
estimated that 5,000 U.S. financial institutions were affected by the
rule. FinCEN has since revised its estimate upward to account for all
domestic financial institutions that could potentially maintain
correspondent accounts for foreign banks. There are approximately
15,960 such financial institutions doing business in the United States.
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
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
OMB control number. Comments submitted in response to this notice will
be summarized and/or included in a 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, cost of operation and
maintenance, and cost involved in purchasing services.
Himamauli Das,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2023-04712 Filed 3-7-23; 8:45 am]
BILLING CODE 4810-02-P