Agency Information Collection Activities; Submission for OMB Review; Comment Request; Financial Crimes Enforcement Network (FinCEN)., 41466-41467 [2023-13514]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 41466 Federal Register / Vol. 88, No. 121 / Monday, June 26, 2023 / Notices facilitate payments and notifications and (2) disclosures to Treasury (e.g. litigation or exceptions to representations and warranties). Participants are the only parties that can provide information of this type to Treasury. Treasury will publish this form on the Treasury website. Based on this publication, Treasury will provide an opportunity for eligible applicants to review the terms and conditions of the investments prior to indicating to Treasury whether the institution intends to participate in the Program. Form Name: Letter Agreements; Applicant Notification Letter. Affected Public: Private sector, businesses or other for-profits, nonprofit institutions. Estimated Number of Respondents: 372 respondents. Frequency of Response: Once, annually. Estimated Total Number of Annual Responses: 372 total responses (186 annual responses to Letter Agreements; 186 annual responses to Applicant Notification Letter). Estimated Time per Response: 8 hours annually for Letter Agreements; 15 minutes for response to Applicant Notification Letter. Estimated Total Annual Burden Hours: 1,535 hours. 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. 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 technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services required to provide information. Authority: 44 U.S.C. 3501 et seq. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2023–13492 Filed 6–23–23; 8:45 am] BILLING CODE 4810–ak–P VerDate Sep<11>2014 19:33 Jun 23, 2023 Jkt 259001 DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Financial Crimes Enforcement Network (FinCEN). Financial Crimes Enforcement Network, U.S. Department of the Treasury. ACTION: Notice. AGENCY: As part of its continuing effort to reduce paperwork and respondent burden, FinCEN invites comments on the proposed renewal, without change, to an information collection requirement contained in FinCEN’s regulations and FinCEN Form 107— Registration of Money Services Business (RMSB). Under the regulations, money services businesses (MSBs) must register with FinCEN using FinCEN Form 107, renew their registration every two years, and maintain a list of their agents. This request for comments is made pursuant to the Paperwork Reduction Act of 1995. DATES: Comments should be received on or before July 26, 2023 to be assured of consideration. ADDRESSES: Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/ PRAMain. Find this particular information collection by selecting ‘‘Currently under 30-day Review—Open for Public Comments’’ or by using the search function. Copies of the submissions may be obtained from Melody Braswell by emailing PRA@treasury.gov, calling (202) 622–1035, or viewing the entire information collection request at www.reginfo.gov. SUMMARY: SUPPLEMENTARY INFORMATION: Financial Crimes Enforcement Network (FinCEN) Title: Registration of Money Services Businesses. OMB Control Number: 1506–0013. Form Number: FinCEN Form 107— RMSB. Abstract: FinCEN is issuing this notice to renew the OMB control number for the registration of money services business regulations at 31 CFR 1022.380 and FinCEN Form 107— RMSB. Type of Review: Extension without change of a currently approved information collection. Affected Public: Business or other forprofit institutions. PO 00000 Frm 00096 Fmt 4703 Sfmt 4703 Initial Registration Frequency: As required. Estimated Burden per Respondent: FinCEN estimates that the hourly burden of filing and maintaining a copy of the initial RMSB form is 1 hour and 10 minutes. (1 hour to fill out the form and file it, and 10 minutes to save the form electronically and print out a copy to maintain). FinCEN stipulates that the information required to be included on the form is basic information MSBs need to maintain to conduct business. The e-filing system prompts MSBs to save the registration form after submission. Estimated Number of Respondents: 3,603 MSBs. Estimated Total Annual Burden Hours: 4,204 hours. Registration Renewal Frequency: Every two years. Estimated Burden per Respondent: FinCEN estimates that the hourly burden of filing and maintaining a copy of the renewal of the RMSB form is 40 minutes (30 minutes to revise the form and file it, and 10 minutes to save the form electronically and print out a copy to maintain). FinCEN stipulates that the information required to be included on the form is basic information MSBs need to maintain to conduct business. In addition, FinCEN’s e-filing system allows MSBs to open a previously filed RMSB form and the electronic form is pre-populated with the information from the prior filing. MSBs can amend Part I by selecting item 1b (renewal) and submit the form. MSBs can update any information required on the form prior to submitting the form electronically. The e-filing system prompts MSBs to save the registration form after submission. Estimated Number of Respondents: 8,429 MSBs. Estimated Total Annual Burden Hours: 5,619 hours. Re-Registration Frequency: As required. Estimated Burden per Respondent: FinCEN estimates that the hourly burden of filing and maintaining a copy of the re-registration of the RMSB form is 40 minutes (30 minutes to revise the form and file it, and 10 minutes to save the form electronically and print out a copy to maintain). FinCEN stipulates that the information required to be included on the form is basic information MSBs need to maintain to conduct business. In addition, FinCEN’s e-filing system allows MSBs to open a previously filed RMSB form and the electronic form is pre-populated with E:\FR\FM\26JNN1.SGM 26JNN1 Federal Register / Vol. 88, No. 121 / Monday, June 26, 2023 / Notices kellen.zoom.us/meeting/register/ tJMtdOmprz4oH9J9qespeV7yoqsG7ZFYkXL. the information from the prior filing. MSBs can amend Part I by selecting item 1d (re-registration) and selecting the appropriate response in item 2. MSBs can amend the applicable information required on the form and submit it electronically. The e-filing system prompts MSBs to save the registration form after submission. Estimated Number of Respondents: 201 MSBs. Estimated Total Annual Burden Hours: 134 hours. STATUS: public. Maintenance of Agent List Frequency: Annually. Estimated Burden: FinCEN estimates that the hourly burden of drafting an agent list and revising it annually is 30 minutes per MSB. FinCEN stipulates that the information required to be included on an agent list is basic information MSBs need to maintain to conduct business. FinCEN does not require the MSB to maintain the list in any particular format; therefore, the MSB can leverage its business records to create and revise the list. Estimated Number of Respondents: 26,276. Estimated Total Annual Burden Hours: 13,138 hours. Total Annual Burden Hours for this Information Collection: 23,095 hours. Records required to be retained under the BSA must be retained for five years. Generally, information reported pursuant to the BSA is confidential or otherwise protected from disclosure but may be shared as provided by law with regulatory and law enforcement authorities. Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. BILLING CODE 4810–02–P June 27, 2023, 1:30 p.m. to 4:30 p.m., Eastern time. PLACE: This meeting shall take place at the Providence Marriott Downtown, The Angel Room, 1 Orms Street, Providence, RI 02904. This meeting will also be accessible via conference call and via Zoom Meeting and Screenshare. Any interested person may call (i) 1–929– 205–6099 (US Toll) or 1–669–900–6833 (US Toll), Meeting ID: 970 3011 5256, to listen and participate in this meeting. The website to participate via Zoom Meeting and Screenshare is https:// ddrumheller on DSK120RN23PROD with NOTICES1 VerDate Sep<11>2014 19:33 Jun 23, 2023 Jkt 259001 The Unified Carrier Registration Plan Finance Subcommittee (the ‘‘Subcommittee’’) will continue its work in developing and implementing the Unified Carrier Registration Plan and Agreement. The subject matter of this meeting will include: The UCR Finance Subcommittee Chair will lead a discussion on the investment of funds currently available for investment consistent with the UCR Investment Policy. The Subcommittee may take action to invest funds currently available for investment consistent with the Investment Policy. Proposed Agenda VI. Amendments to the Unbudgeted Expense Reserve Policy—UCR Finance Subcommittee Chair I. Call to Order—UCR Finance Subcommittee Chair The UCR Finance Subcommittee Chair will welcome attendees, call the meeting to order, call roll for the Subcommittee, confirm whether a quorum is present, and facilitate selfintroductions. II. Verification of Publication of Meeting Notice—UCR Executive Director The UCR Executive Director will verify the publication of the meeting notice on the UCR website and distribution to the UCR contact list via email followed by the subsequent publication of the notice in the Federal Register. III. Review and Approval of Subcommittee Agenda and Setting of Ground Rules—UCR Finance Subcommittee Chair For Discussion and Possible Subcommittee Action ➢ Subcommittee action only to be taken in designated areas on agenda. Sunshine Act Meetings TIME AND DATE: MATTERS TO BE CONSIDERED: Ground Rules UNIFIED CARRIER REGISTRATION PLAN V. Implementation of the UCR Investment Policy—UCR Finance Subcommittee Chair This meeting will be open to the For Discussion and Possible Subcommittee Action The agenda will be reviewed, and the Subcommittee will consider adoption of the agenda. [FR Doc. 2023–13514 Filed 6–23–23; 8:45 am] 41467 IV. Review and Approval of Subcommittee Minutes From the March 23, 2023, Meeting—UCR Finance Subcommittee Chair For Discussion and Possible Subcommittee Action Draft minutes from the March 23, 2023, Subcommittee meeting via teleconference will be reviewed. The Subcommittee will consider action to approve. PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 For Discussion and Possible Subcommittee Action The UCR Finance Subcommittee Chair will lead a discussion regarding possible amendments to the Unbudgeted Expense Reserve Policy. The Subcommittee may take action to recommend to the Board possible amendments to the Unbudgeted Expense Reserve Policy. VII. Amendments To Change the Method of Estimating Collections for the Future Months Remaining in a Registration Year—UCR Finance Subcommittee Chair For Discussion and Possible Subcommittee Action The UCR Finance Subcommittee Chair will lead a discussion regarding possible amendments to Section 6.c.ii of the Fee Change Recommendation Policy to change the method of estimating collections for the future months remaining in a registration year. The Subcommittee may take action to recommend to the Board possible amendments to Section 6.c.ii of the Fee Change Recommendation Policy. VIII. 2025 Registration Fee Analysis and Recommendation—UCR Finance Subcommittee Chair For Discussion and Possible Subcommittee Action The UCR Finance Subcommittee Chair will provide an analysis pertaining to the setting of 2025 registration fees and a 2025 registration fee recommendation. The Subcommittee may take action to recommend to the Board a 2025 registration fee recommendation. E:\FR\FM\26JNN1.SGM 26JNN1

Agencies

[Federal Register Volume 88, Number 121 (Monday, June 26, 2023)]
[Notices]
[Pages 41466-41467]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-13514]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Financial Crimes Enforcement Network (FinCEN).

AGENCY: Financial Crimes Enforcement Network, U.S. Department of the 
Treasury.

ACTION: Notice.

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

SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, FinCEN invites comments on the proposed renewal, 
without change, to an information collection requirement contained in 
FinCEN's regulations and FinCEN Form 107--Registration of Money 
Services Business (RMSB). Under the regulations, money services 
businesses (MSBs) must register with FinCEN using FinCEN Form 107, 
renew their registration every two years, and maintain a list of their 
agents. This request for comments is made pursuant to the Paperwork 
Reduction Act of 1995.

DATES: Comments should be received on or before July 26, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    Copies of the submissions may be obtained from Melody Braswell by 
emailing [email protected], calling (202) 622-1035, or viewing the 
entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Financial Crimes Enforcement Network (FinCEN)

    Title: Registration of Money Services Businesses.
    OMB Control Number: 1506-0013.
    Form Number: FinCEN Form 107--RMSB.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the registration of money services business regulations at 
31 CFR 1022.380 and FinCEN Form 107--RMSB.
    Type of Review: Extension without change of a currently approved 
information collection.
    Affected Public: Business or other for-profit institutions.

Initial Registration

    Frequency: As required.
    Estimated Burden per Respondent: FinCEN estimates that the hourly 
burden of filing and maintaining a copy of the initial RMSB form is 1 
hour and 10 minutes. (1 hour to fill out the form and file it, and 10 
minutes to save the form electronically and print out a copy to 
maintain). FinCEN stipulates that the information required to be 
included on the form is basic information MSBs need to maintain to 
conduct business. The e-filing system prompts MSBs to save the 
registration form after submission.
    Estimated Number of Respondents: 3,603 MSBs.
    Estimated Total Annual Burden Hours: 4,204 hours.

Registration Renewal

    Frequency: Every two years.
    Estimated Burden per Respondent: FinCEN estimates that the hourly 
burden of filing and maintaining a copy of the renewal of the RMSB form 
is 40 minutes (30 minutes to revise the form and file it, and 10 
minutes to save the form electronically and print out a copy to 
maintain). FinCEN stipulates that the information required to be 
included on the form is basic information MSBs need to maintain to 
conduct business. In addition, FinCEN's e-filing system allows MSBs to 
open a previously filed RMSB form and the electronic form is pre-
populated with the information from the prior filing. MSBs can amend 
Part I by selecting item 1b (renewal) and submit the form. MSBs can 
update any information required on the form prior to submitting the 
form electronically. The e-filing system prompts MSBs to save the 
registration form after submission.
    Estimated Number of Respondents: 8,429 MSBs.
    Estimated Total Annual Burden Hours: 5,619 hours.

Re-Registration

    Frequency: As required.
    Estimated Burden per Respondent: FinCEN estimates that the hourly 
burden of filing and maintaining a copy of the re-registration of the 
RMSB form is 40 minutes (30 minutes to revise the form and file it, and 
10 minutes to save the form electronically and print out a copy to 
maintain). FinCEN stipulates that the information required to be 
included on the form is basic information MSBs need to maintain to 
conduct business. In addition, FinCEN's e-filing system allows MSBs to 
open a previously filed RMSB form and the electronic form is pre-
populated with

[[Page 41467]]

the information from the prior filing. MSBs can amend Part I by 
selecting item 1d (re-registration) and selecting the appropriate 
response in item 2. MSBs can amend the applicable information required 
on the form and submit it electronically. The e-filing system prompts 
MSBs to save the registration form after submission.
    Estimated Number of Respondents: 201 MSBs.
    Estimated Total Annual Burden Hours: 134 hours.

Maintenance of Agent List

    Frequency: Annually.
    Estimated Burden: FinCEN estimates that the hourly burden of 
drafting an agent list and revising it annually is 30 minutes per MSB. 
FinCEN stipulates that the information required to be included on an 
agent list is basic information MSBs need to maintain to conduct 
business. FinCEN does not require the MSB to maintain the list in any 
particular format; therefore, the MSB can leverage its business records 
to create and revise the list.
    Estimated Number of Respondents: 26,276.
    Estimated Total Annual Burden Hours: 13,138 hours.
    Total Annual Burden Hours for this Information Collection: 23,095 
hours.
    Records required to be retained under the BSA must be retained for 
five years. Generally, information reported pursuant to the BSA is 
confidential or otherwise protected from disclosure but may be shared 
as provided by law with regulatory and law enforcement authorities.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-13514 Filed 6-23-23; 8:45 am]
BILLING CODE 4810-02-P
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