Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Financial Crimes Enforcement Network Information Collection Requests, 47239 [2024-12002]
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Federal Register / Vol. 89, No. 106 / Friday, May 31, 2024 / Notices
production of polyoxymethylene is 0.53.
The tax rate is calculated by multiplying
the conversion factor by the tax rate for
methane (0.53 × $6.88 = $3.65).
(b) Classification numbers.
(1) The Secretary has no basis to
object to the following classification
numbers proposed by Petitioner:
(i) HTSUS number: 3907.10.0000.
(ii) Schedule B number: 3907.10.0000.
(iii) CAS number: 9002–81–7.
(2) The Secretary is unable to confirm
the following classification numbers
proposed by Petitioner: Not applicable.
Krishna P. Vallabhaneni,
Tax Legislative Counsel.
[FR Doc. 2024–11976 Filed 5–30–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Multiple
Financial Crimes Enforcement Network
Information Collection Requests
Departmental Offices,
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
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 July 1, 2024 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.
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:
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SUMMARY:
Financial Crimes Enforcement Network
(FinCEN)
1. Title: Reports by Financial
Institutions of Suspicious Transactions
VerDate Sep<11>2014
17:22 May 30, 2024
Jkt 262001
and FinCEN Form 111—Suspicious
Activity Report (SAR).
OMB Control Numbers: 1506–0001,
1506–0006, 1506–0015, 1506–0019,
1506–0029, 1506–0061, and 1506–0065.
Type of Review: Extension without
change of a currently approved
collection.
Description: 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) and other legislation, including the
Anti-Money Laundering Act of 2020
(AML Act). The BSA is codified at 12
U.S.C. 1829b and 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 (Secretary) to, inter alia,
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 terrorism,
and to implement anti-money
laundering (AML) programs and
compliance procedures. The authority
of the Secretary to administer the BSA
has been delegated to the Director of
FinCEN.
Under 31 U.S.C. 5318(g), the Secretary
is authorized to require financial
institutions to report any suspicious
transaction relevant to a possible
violation of law or regulation. These
transactions are reported on SARs.
Financial institutions submit SARs to
FinCEN electronically via the BSA Efiling system.
Form: FinCEN Form 111.
Affected Public: Financial
institutions.
Estimated Number of Respondents:
11,458.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 4,367,197.
Estimated Time per Response: 1.98
hours.
Estimated Total Annual Burden
Hours: 8,647,050.
2. Title: Bank Secrecy Act Reports of
Transactions in Currency Regulations
and FinCEN Form 112—Currency
Transaction Report (CTR).
OMB Control Numbers: 1506–0004,
1506–0005, and 1506–0064.
PO 00000
Frm 00119
Fmt 4703
Sfmt 4703
47239
Type of Review: Extension without
change of a currently approved
collection.
Description: 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) and other legislation, including the
Anti-Money Laundering Act of 2020
(AML Act). The BSA is codified at 12
U.S.C. 1829b and 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 (Secretary) to, inter alia,
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 terrorism,
and to implement anti-money
laundering (AML) programs and
compliance procedures. The authority
of the Secretary to administer the BSA
has been delegated to the Director of
FinCEN.
Under 31 U.S.C. 5313, the Secretary of
the Treasury is authorized to require
financial institutions to report currency
transactions as prescribed by regulation.
Financial institutions are required to
report currency (cash or coin)
transactions over $10,000 conducted by,
or on behalf of, one person, as well as
multiple currency transactions that
aggregate to over $10,000 in a single
day. These transactions are reported on
CTRs. Financial institutions submit
CTRs to FinCEN electronically via the
BSA E-filing system.
Form: FinCEN Form 112.
Affected Public: Financial
institutions.
Estimated Number of Respondents:
15,468.
Frequency of Response: On occasion.
Estimated Total Number of Annual
Responses: 20,564,724.
Estimated Time per Response: 8
minutes.
Estimated Total Annual Burden
Hours: 2,741,963.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024–12002 Filed 5–30–24; 8:45 am]
BILLING CODE 4810–02–P
E:\FR\FM\31MYN1.SGM
31MYN1
]]>Agencies
[Federal Register Volume 89, Number 106 (Friday, May 31, 2024)]
[Notices]
[Page 47239]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12002]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Financial Crimes Enforcement Network
Information Collection Requests
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of information collection; request for comment.
-----------------------------------------------------------------------
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.
DATES: Comments should be received on or before July 1, 2024 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.
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:
Financial Crimes Enforcement Network (FinCEN)
1. Title: Reports by Financial Institutions of Suspicious
Transactions and FinCEN Form 111--Suspicious Activity Report (SAR).
OMB Control Numbers: 1506-0001, 1506-0006, 1506-0015, 1506-0019,
1506-0029, 1506-0061, and 1506-0065.
Type of Review: Extension without change of a currently approved
collection.
Description: 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) and
other legislation, including the Anti-Money Laundering Act of 2020 (AML
Act). The BSA is codified at 12 U.S.C. 1829b and 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 (Secretary) to,
inter alia, 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 terrorism, and to implement anti-money laundering (AML)
programs and compliance procedures. The authority of the Secretary to
administer the BSA has been delegated to the Director of FinCEN.
Under 31 U.S.C. 5318(g), the Secretary is authorized to require
financial institutions to report any suspicious transaction relevant to
a possible violation of law or regulation. These transactions are
reported on SARs. Financial institutions submit SARs to FinCEN
electronically via the BSA E-filing system.
Form: FinCEN Form 111.
Affected Public: Financial institutions.
Estimated Number of Respondents: 11,458.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 4,367,197.
Estimated Time per Response: 1.98 hours.
Estimated Total Annual Burden Hours: 8,647,050.
2. Title: Bank Secrecy Act Reports of Transactions in Currency
Regulations and FinCEN Form 112--Currency Transaction Report (CTR).
OMB Control Numbers: 1506-0004, 1506-0005, and 1506-0064.
Type of Review: Extension without change of a currently approved
collection.
Description: 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) and
other legislation, including the Anti-Money Laundering Act of 2020 (AML
Act). The BSA is codified at 12 U.S.C. 1829b and 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 (Secretary) to,
inter alia, 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 terrorism, and to implement anti-money laundering (AML)
programs and compliance procedures. The authority of the Secretary to
administer the BSA has been delegated to the Director of FinCEN.
Under 31 U.S.C. 5313, the Secretary of the Treasury is authorized
to require financial institutions to report currency transactions as
prescribed by regulation. Financial institutions are required to report
currency (cash or coin) transactions over $10,000 conducted by, or on
behalf of, one person, as well as multiple currency transactions that
aggregate to over $10,000 in a single day. These transactions are
reported on CTRs. Financial institutions submit CTRs to FinCEN
electronically via the BSA E-filing system.
Form: FinCEN Form 112.
Affected Public: Financial institutions.
Estimated Number of Respondents: 15,468.
Frequency of Response: On occasion.
Estimated Total Number of Annual Responses: 20,564,724.
Estimated Time per Response: 8 minutes.
Estimated Total Annual Burden Hours: 2,741,963.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-12002 Filed 5-30-24; 8:45 am]
BILLING CODE 4810-02-P
