Agency Information Collection Activities; Submission for OMB Review; Comment Request; Purchases of Bank Checks and Drafts, Cashier's Checks, Money Orders, and Traveler's Checks, 95357 [2024-28099]

Download as PDF ddrumheller on DSK120RN23PROD with NOTICES1 Federal Register / Vol. 89, No. 231 / Monday, December 2, 2024 / Notices Property of Persons Involved in Serious Human Rights Abuse or Corruption,’’ 82 FR 60839, 3 CFR, 2017 Comp., p. 399, (E.O. 13818) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, LY, an individual concurrently designated pursuant to E.O. 13818. 4. KOH KONG RESORT (a.k.a. KOH KONG CASINO RESORT; a.k.a. KOH KONG RESORT AND CASINO; a.k.a. KOH RONG RESORT AND CASINO), Phum Cham Yeam, Khum Paklong, Srok Mondul Seyma, AH123, Khum Pak Khlang, Cambodia; Email Address info@ kohkongresort.com; Phone Number 85 51 155 5706; Organization Established Date 1998; Organization Type: Short term accommodation activities [GLOMAG] (Linked To: LY, Yong Phat). Designated pursuant to section (1)(a)(iii)(B) of Executive Order 13818 of December 20, 2017, ‘‘Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption,’’ 82 FR 60839, 3 CFR, 2017 Comp., p. 399, (E.O. 13818) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, LY, an individual concurrently designated pursuant to E.O. 13818. 5. PHNOM PENH HOTEL, No. 53 Monivong Boulevard, Phnom Penh, Phnom Penh, Cambodia; No. 53 Monivong Boulevard, Sangkat Srah Chok, P.O. Box 1131, Phnom Penh 12201, Cambodia; website www.phnompenhhotel.com; Email Address info@phnompenhhotel.com; Phone Number 855 23 991 868; Organization Established Date 2003; Organization Type: Short term accommodation activities [GLOMAG] (Linked To: LY, Yong Phat). Designated pursuant to section (1)(a)(iii)(B) of Executive Order 13818 of December 20, 2017, ‘‘Blocking the Property of Persons Involved in Serious Human Rights Abuse or Corruption,’’ 82 FR 60839, 3 CFR, 2017 Comp., p. 399, (E.O. 13818) for being owned or controlled by, or having acted or purported to act for or on behalf of, directly or indirectly, LY, an individual concurrently designated pursuant to E.O. 13818. Dated: September 12, 2024. Lisa M. Palluconi, Acting Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2024–28085 Filed 11–29–24; 8:45 am] BILLING CODE 4810–AL–P VerDate Sep<11>2014 18:25 Nov 29, 2024 Jkt 265001 DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Purchases of Bank Checks and Drafts, Cashier’s Checks, Money Orders, and Traveler’s Checks Departmental Offices, U.S. 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 January 2, 2025 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. SUMMARY: SUPPLEMENTARY INFORMATION: Financial Crimes Enforcement Network (FinCEN) Title: Purchases of Bank Checks and Drafts, Cashier’s Checks, Money Orders, and Traveler’s Checks. OMB Control Number: 1506–0057. Type of Review: Extension without change of a currently approved collection. Description: The Bank Secrecy Act (BSA) prohibits financial institutions from issuing any ‘‘bank check, cashier’s check, traveler’s check, or money order to any individual in connection with a transaction or group of such contemporaneous transactions which involves United States coins or currency (or such other monetary instruments as the Secretary may prescribe) in amounts or denominations of $3,000 or more’’ unless (1) the financial institution verifies, through a signature card or PO 00000 Frm 00190 Fmt 4703 Sfmt 4703 95357 other account documentation or information, that the individual has a transaction account with the financial institution, and records the method of verification in accordance with regulations issued by the Secretary; or (2) the individual furnishes the financial institution with such forms of identification as the Secretary may require by regulation, and the financial institution verifies and records such information in accordance with regulations issued by the Secretary. To implement these requirements, FinCEN issued a regulation requiring financial institutions to maintain records related to the issuance or sale of bank checks and drafts, cashier’s checks, money orders, and traveler’s checks. The regulation applies to all financial institutions as defined in 31 CFR 1010.100(t). However, it is FinCEN’s experience that banks and money services businesses (MSBs) are more likely than other categories of financial institution to issue or sell bank checks and drafts, cashier’s checks, money orders, and traveler’s checks. Under 31 CFR 1010.415, financial institutions are required to maintain records of certain information related to the issuance or sale of bank checks and drafts, cashier’s checks, money orders, and traveler’s checks when the issuance or sale involves currency between $3,000 and $10,000, inclusive, to any individual purchaser of one or more of these instruments. Form: None. Affected Public: Businesses or other for-profits. Estimated Number of Respondents: 23,207. Frequency of Response: On occasion. Estimated Total Number of Annual Responses: 23,207. Estimated Time per Response: 7.5 hours. Estimated Total Annual Burden Hours: 174,053. Authority: 44 U.S.C. 3501 et seq. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2024–28099 Filed 11–29–24; 8:45 am] BILLING CODE 4810–02–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; Schedule of Excess Risks Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of information collection; request for comment. AGENCY: E:\FR\FM\02DEN1.SGM 02DEN1

Agencies

[Federal Register Volume 89, Number 231 (Monday, December 2, 2024)]
[Notices]
[Page 95357]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-28099]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Purchases of Bank Checks and Drafts, Cashier's 
Checks, Money Orders, and Traveler's Checks

AGENCY: Departmental Offices, U.S. 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 January 2, 2025 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)

    Title: Purchases of Bank Checks and Drafts, Cashier's Checks, Money 
Orders, and Traveler's Checks.
    OMB Control Number: 1506-0057.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The Bank Secrecy Act (BSA) prohibits financial 
institutions from issuing any ``bank check, cashier's check, traveler's 
check, or money order to any individual in connection with a 
transaction or group of such contemporaneous transactions which 
involves United States coins or currency (or such other monetary 
instruments as the Secretary may prescribe) in amounts or denominations 
of $3,000 or more'' unless (1) the financial institution verifies, 
through a signature card or other account documentation or information, 
that the individual has a transaction account with the financial 
institution, and records the method of verification in accordance with 
regulations issued by the Secretary; or (2) the individual furnishes 
the financial institution with such forms of identification as the 
Secretary may require by regulation, and the financial institution 
verifies and records such information in accordance with regulations 
issued by the Secretary. To implement these requirements, FinCEN issued 
a regulation requiring financial institutions to maintain records 
related to the issuance or sale of bank checks and drafts, cashier's 
checks, money orders, and traveler's checks. The regulation applies to 
all financial institutions as defined in 31 CFR 1010.100(t). However, 
it is FinCEN's experience that banks and money services businesses 
(MSBs) are more likely than other categories of financial institution 
to issue or sell bank checks and drafts, cashier's checks, money 
orders, and traveler's checks.
    Under 31 CFR 1010.415, financial institutions are required to 
maintain records of certain information related to the issuance or sale 
of bank checks and drafts, cashier's checks, money orders, and 
traveler's checks when the issuance or sale involves currency between 
$3,000 and $10,000, inclusive, to any individual purchaser of one or 
more of these instruments.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 23,207.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 23,207.
    Estimated Time per Response: 7.5 hours.
    Estimated Total Annual Burden Hours: 174,053.
    Authority: 44 U.S.C. 3501 et seq.

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-28099 Filed 11-29-24; 8:45 am]
BILLING CODE 4810-02-P
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