Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Administrative Rulings Regulations, 51399-51400 [2023-16573]

Download as PDF Federal Register / Vol. 88, No. 148 / Thursday, August 3, 2023 / Notices encourage you to provide concise comments; however, you may attach additional documents as necessary. There is no limit on the length of the attachments. Please submit your comments, including the attachments, following the instructions provided under the above-entitled heading ADDRESSES. MARAD will consider all comments received before the close of business on the comment closing date indicated above under DATES. To the extent possible, MARAD will also consider comments received after that date. For access to the docket to submit or read comments received, go to the Docket Management Facility, U.S. Department of Transportation, 1200 New Jersey Avenue SE, West Building, Room W12–140, Washington, DC 20590. The Docket Management Facility is open 9:00 a.m. to 5:00 p.m., E.T., Monday through Friday, except on Federal holidays. To review documents, read comments or to submit comments, the docket is also available online at www.regulations.gov, keyword search ‘‘MARAD–2023–0163.’’ Please note that even after the comment period has closed, MARAD will continue to file relevant information in the Docket as it becomes available. Further, some people may submit late comments. Accordingly, MARAD recommends that you periodically check the Docket for new material. Will my comments be made available to the public? Before including your address, phone number, email address or other personal information in your comment, be aware that your entire comment, including your personal identifying information, will be made publicly available. ddrumheller on DSK120RN23PROD with NOTICES1 May I submit comments confidentially? If you wish to submit comments under a claim of confidentiality, you should submit your complete submission, including the information you claim to be confidential business information, to the Department of Transportation, Maritime Administration, Office of Legislation and Regulations, MAR–225, W24–220, 1200 New Jersey Avenue SE, Washington, DC 20590. When you submit comments containing information claimed to be confidential information, you should include a cover letter setting forth with specificity the basis for any such claim and, if possible, a summary of your submission that can be made available to the public. VerDate Sep<11>2014 17:35 Aug 02, 2023 Jkt 259001 Privacy Act Anyone can search the electronic form of all comments received into any of our dockets by the name of the individual submitting the comment (or signing the comment, if submitted on behalf of an association, business, labor union, etc.). For information on DOT’s compliance with the Privacy Act, please visit www.transportation.gov/privacy. Request for Information MARAD seeks advice and input from the public and U.S. entities who would be stakeholders participating in the Center or with competencies described above for the desired secretariat function. Please comment specifically on the following: 1. Prospective organizations for hosting the Center, detailed as follows: (a) Preferably U.S. nonprofits, or qualities of such an organization that could serve as a potential host for undertaking the secretariat function of such a Center as described in Section 3543(e) of the James M. Inhofe National Defense Authorization Act for Fiscal Year 2023. 2. The Center’s structure and organization, detailed as follows: (a) The Center for Maritime Innovation will foster industry partnerships and active collaboration to find solutions to the most pressing maritime environmental issues in the U.S. (b) The Center is envisioned to consist of a central executive committee that is guided by MARAD, supported by a nonprofit organization to act as a secretariat, and comprised of key stakeholders primarily from the maritime industry (such as ship owners and port operators) but may include representatives from NGOs and academia. (c) The Center would be responsible for identifying key focus areas of environmental concern to the U.S. maritime industry and developing, deploying, and administering dedicated working groups to address those subjects. (d) The secretariat will be responsible for recruiting the Center’s committee members, in consultation with MARAD, and for organizing, facilitating, and administration of the Center. Administration tasks may include hosting and facilitating meetings and workshops, identifying key issues for consideration by the committee, and facilitating the development of focus area working groups and the terms of reference that guide their activities. 3. The Center’s method of work, detailed as follows: (a) Once focus areas are determined by the Center, it will develop dedicated PO 00000 Frm 00141 Fmt 4703 Sfmt 4703 51399 working groups of experts and task them to break down a problem into components that can be further analyzed in order to develop recommendations. Experts will come from both the public and private sector and be matched to the level of need and ambition for specific projects. The central executive committee will assemble periodically to monitor the progress of the working groups and adjust their tasks and resources as needed and ensure that the work is aligned with the pace and substance of MARAD’s relevant strategies. At appropriate intervals, the Center will meet to assess the overall effectiveness of the Center’s work and discuss whether new focus areas and resources are needed. 4. Additional information on practical considerations that can inform implementation of the Center. (Authority: 46 U.S.C. 50307; 49 CFR 1.93(a).) By Order of the Maritime Administrator. T. Mitchell Hudson, Jr., Secretary, Maritime Administration. [FR Doc. 2023–16532 Filed 8–2–23; 8:45 am] BILLING CODE 4910–81–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Administrative Rulings Regulations Financial Crimes Enforcement Network (FinCEN), Treasury. ACTION: Notice and request for comments. 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 found in existing Bank Secrecy Act (BSA) regulations. Specifically, the regulations provide procedures for requestors to seek, and for FinCEN to issue, administrative rulings. This request for comments is made pursuant to the Paperwork Reduction Act of 1995 (PRA). DATES: Written comments are welcome and must be received on or before October 2, 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. SUMMARY: E:\FR\FM\03AUN1.SGM 03AUN1 51400 Federal Register / Vol. 88, No. 148 / Thursday, August 3, 2023 / Notices Refer to Docket Number FINCEN–2023– 0009 and the Office of Management and Budget (OMB) control number 1506– 0050. • Mail: Policy Division, Financial Crimes Enforcement Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN–2023–0009 and OMB control number 1506–0050. Please submit comments by one method only. Comments will be reviewed consistent with the PRA 1 and applicable OMB regulations and guidance. All 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: FinCEN’s Regulatory Support Section (RSS) at 1–800–767–2825 or electronically at frc@fincen.gov. 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).2 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, or regulatory matters, risk assessments or proceedings, or in the conduct of intelligence or counter-intelligence activities to protect against international terrorism, and to implement AML programs and compliance procedures.3 1 Public Law 104–13, 44 U.S.C. 3506(c)(2)(A). AML Act was enacted as Division F, sections 6001–6511, of the William M. (Mac) Thornberry National Defense Authorization Act for Fiscal Year 2021, Public Law 116–283, 134 Stat. 3388 (2021). 3 Section 358 of the USA PATRIOT Act expanded the purpose 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 purpose of the BSA to cover such matters as preventing money laundering, tracking illicit funds, assessing risk, and establishing appropriate frameworks for information sharing. ddrumheller on DSK120RN23PROD with NOTICES1 2 The VerDate Sep<11>2014 17:35 Aug 02, 2023 Jkt 259001 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.4 A FinCEN administrative ruling is a written ruling interpreting the relationship between the regulations implementing the BSA at 31 CFR chapter X and each situation for which such a ruling has been requested in conformity with the regulatory requirements.5 The regulations implementing the procedures for requestors to submit, and for FinCEN to issue, administrative rulings appear in Part 1010, Subpart G—Administrative Rulings. Specifically, the regulations address the following: (a) how to submit a request for an administrative ruling (31 CFR 1010.711); (b) treatment of nonconforming requests (31 CFR 1010.712); (c) treatment of oral communications (31 CFR 1010.713); (d) withdrawal of administrative ruling requests (31 CFR 1010.714); (e) issuance of administrative rulings (31 CFR 1010.715); (e) modification and rescission of administrative rulings (31 CFR 1010.716); and (f) disclosure of administrative ruling (31 CFR 1010.717). An administrative ruling has precedential value, and may be relied upon by others similarly situated, only if FinCEN makes it available to the public through publication on the FinCEN website or other appropriate forum.6 II. Paperwork Reduction Act of 1995 Title: Administrative Rulings Regulations (Subpart G—31 CFR 1010.710 through 31 CFR 1010.717). OMB Control Number: 1506–0050. Report Number: Not applicable. Abstract: FinCEN is issuing this notice to renew the OMB control number for the administrative rulings regulations. Affected Public: Businesses or other for-profit institutions, non-profit institutions, and individuals. Type of Review: Renewal without change of a currently approved information collection. Frequency: As required. Estimated Number of Requests Annually: 44 requests.7 Estimated Recordkeeping Burden: FinCEN receives on average 44 4 Treasury Order 180–01 (Jan. 14, 2020). 31 CFR 1010.715. 6 Id. FinCEN’s administrative rulings are collected on the FinCEN website at the following address: https://www.fincen.gov/resources/statutesregulations/administrative-rulings. 7 In 2020, 2021, and 2022 FinCEN received a total of 132 administrative ruling requests. 132 requests divided by 3 years equals 44 requests annually. 5 See PO 00000 Frm 00142 Fmt 4703 Sfmt 4703 administrative ruling requests per year. FinCEN continues to estimate that it takes a requestor approximately two hours to draft and submit an administrative rule request to FinCEN.8 This results in an estimated total annual burden of 88 hours (44 administrative ruling requests multiplied by two hours per request). 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. Records required to be retained under the BSA must be retained for five years. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the 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 and costs of operation, maintenance, and purchase of services to provide information. Himamauli Das, Acting Director, Financial Crimes Enforcement Network. [FR Doc. 2023–16573 Filed 8–2–23; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Financial Crimes Enforcement Network Agency Information Collection Activities; Proposed Renewal; Comment Request; Renewal Without Change of Reports Relating to Currency in Excess of $10,000 Received in a Trade or Business or Received as Bail by Court Clerks; Form 8300 Financial Crimes Enforcement Network (FinCEN), Treasury. AGENCY: 8 When this OMB control number was last renewed in 2020, FinCEN estimated the total burden per requestor to draft and submit an administrative ruling request was two hours per requestor. E:\FR\FM\03AUN1.SGM 03AUN1

Agencies

[Federal Register Volume 88, Number 148 (Thursday, August 3, 2023)]
[Notices]
[Pages 51399-51400]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-16573]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Agency Information Collection Activities; Proposed Renewal; 
Comment Request; Renewal Without Change of Administrative Rulings 
Regulations

AGENCY: Financial Crimes Enforcement Network (FinCEN), Treasury.

ACTION: Notice and request for comments.

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

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 found in existing Bank 
Secrecy Act (BSA) regulations. Specifically, the regulations provide 
procedures for requestors to seek, and for FinCEN to issue, 
administrative rulings. This request for comments is made pursuant to 
the Paperwork Reduction Act of 1995 (PRA).

DATES: Written comments are welcome and must be received on or before 
October 2, 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.

[[Page 51400]]

Refer to Docket Number FINCEN-2023-0009 and the Office of Management 
and Budget (OMB) control number 1506-0050.
     Mail: Policy Division, Financial Crimes Enforcement 
Network, P.O. Box 39, Vienna, VA 22183. Refer to Docket Number FINCEN-
2023-0009 and OMB control number 1506-0050.
    Please submit comments by one method only. Comments will be 
reviewed consistent with the PRA \1\ and applicable OMB regulations and 
guidance. All 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.
---------------------------------------------------------------------------

    \1\ Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).

FOR FURTHER INFORMATION CONTACT: FinCEN's Regulatory Support Section 
---------------------------------------------------------------------------
(RSS) at 1-800-767-2825 or electronically at [email protected].

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).\2\ 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.
---------------------------------------------------------------------------

    \2\ The AML Act was enacted as Division F, sections 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, or regulatory matters, risk assessments or 
proceedings, or in the conduct of intelligence or counter-intelligence 
activities to protect against international terrorism, and to implement 
AML programs and compliance procedures.\3\ 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.\4\
---------------------------------------------------------------------------

    \3\ Section 358 of the USA PATRIOT Act expanded the purpose 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 purpose of the BSA to cover 
such matters as preventing money laundering, tracking illicit funds, 
assessing risk, and establishing appropriate frameworks for 
information sharing.
    \4\ Treasury Order 180-01 (Jan. 14, 2020).
---------------------------------------------------------------------------

    A FinCEN administrative ruling is a written ruling interpreting the 
relationship between the regulations implementing the BSA at 31 CFR 
chapter X and each situation for which such a ruling has been requested 
in conformity with the regulatory requirements.\5\ The regulations 
implementing the procedures for requestors to submit, and for FinCEN to 
issue, administrative rulings appear in Part 1010, Subpart G--
Administrative Rulings. Specifically, the regulations address the 
following: (a) how to submit a request for an administrative ruling (31 
CFR 1010.711); (b) treatment of non-conforming requests (31 CFR 
1010.712); (c) treatment of oral communications (31 CFR 1010.713); (d) 
withdrawal of administrative ruling requests (31 CFR 1010.714); (e) 
issuance of administrative rulings (31 CFR 1010.715); (e) modification 
and rescission of administrative rulings (31 CFR 1010.716); and (f) 
disclosure of administrative ruling (31 CFR 1010.717). An 
administrative ruling has precedential value, and may be relied upon by 
others similarly situated, only if FinCEN makes it available to the 
public through publication on the FinCEN website or other appropriate 
forum.\6\
---------------------------------------------------------------------------

    \5\ See 31 CFR 1010.715.
    \6\ Id. FinCEN's administrative rulings are collected on the 
FinCEN website at the following address: https://www.fincen.gov/resources/statutes-regulations/administrative-rulings.
---------------------------------------------------------------------------

II. Paperwork Reduction Act of 1995

    Title: Administrative Rulings Regulations (Subpart G--31 CFR 
1010.710 through 31 CFR 1010.717).
    OMB Control Number: 1506-0050.
    Report Number: Not applicable.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the administrative rulings regulations.
    Affected Public: Businesses or other for-profit institutions, non-
profit institutions, and individuals.
    Type of Review: Renewal without change of a currently approved 
information collection.
    Frequency: As required.
    Estimated Number of Requests Annually: 44 requests.\7\
---------------------------------------------------------------------------

    \7\ In 2020, 2021, and 2022 FinCEN received a total of 132 
administrative ruling requests. 132 requests divided by 3 years 
equals 44 requests annually.
---------------------------------------------------------------------------

    Estimated Recordkeeping Burden: FinCEN receives on average 44 
administrative ruling requests per year. FinCEN continues to estimate 
that it takes a requestor approximately two hours to draft and submit 
an administrative rule request to FinCEN.\8\ This results in an 
estimated total annual burden of 88 hours (44 administrative ruling 
requests multiplied by two hours per request).
---------------------------------------------------------------------------

    \8\ When this OMB control number was last renewed in 2020, 
FinCEN estimated the total burden per requestor to draft and submit 
an administrative ruling request was two hours per requestor.
---------------------------------------------------------------------------

    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. Records required to be 
retained under the BSA must be retained for five years.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the 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 and costs of operation, 
maintenance, and purchase of services to provide information.

Himamauli Das,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2023-16573 Filed 8-2-23; 8:45 am]
BILLING CODE 4810-02-P
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