Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Bank Secrecy Act Compliance Program, 17881-17882 [2025-07341]
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Federal Register / Vol. 90, No. 81 / Tuesday, April 29, 2025 / Notices
Abstract: The Uniform Financial
Reporting Requirements are used as a
basis for preparing and filing semiannual and annual financial statements
with the Maritime Administration.
Regulations requiring financial reports
to the Maritime Administration are
authorized by Section 801 of the
Merchant Marine Act, 1936. Financial
reports are also required by regulation of
purchasers of ships from MARAD on
credit, companies chartering ships from
MARAD, and of companies having Title
XI guarantee obligations.
Respondents: Vessel owners and
vessel managers.
Affected Public: Business or other for
profit.
Estimated Number of Respondents:
50.
Estimated Number of Responses: 100.
Estimated Hours per Response: 9.5.
Annual Estimated Total Annual
Burden Hours: 950.
Frequency of Response: Annually.
(Authority: The Paperwork Reduction Act
of 1995; 44 U.S.C. Chapter 35, as amended;
and 49 CFR 1.49.)
By Order of the Maritime Administration.
T. Mitchell Hudson, Jr.,
Secretary, Maritime Administration.
[FR Doc. 2025–07364 Filed 4–28–25; 8:45 am]
BILLING CODE 4910–81–P
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the
Currency
Agency Information Collection
Activities: Information Collection
Renewal; Submission for OMB Review;
Minimum Security Devices and
Procedures, Reports of Suspicious
Activities, and Bank Secrecy Act
Compliance Program
Office of the Comptroller of the
Currency (OCC), Treasury.
ACTION: Notice and request for comment.
AGENCY:
The OCC, as part of its
continuing effort to reduce paperwork
and respondent burden, invites
comment on a continuing information
collection, as required by the Paperwork
Reduction Act of 1995 (PRA). In
accordance with the requirements of the
PRA, the OCC may not conduct or
sponsor, and the respondent is not
required to respond to, an information
collection unless it displays a currently
valid Office of Management and Budget
(OMB) control number. The OCC is
soliciting comment concerning the
renewal of its information collection
titled, ‘‘Minimum Security Devices and
Procedures, Reports of Suspicious
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
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18:58 Apr 28, 2025
Jkt 265001
Activities, and Bank Secrecy Act
Compliance Program.’’ The OCC also is
giving notice that it has sent the
collection to OMB for review.
DATES: Comments must be received by
May 29, 2025.
ADDRESSES: Commenters are encouraged
to submit comments by email, if
possible. You may submit comments by
any of the following methods:
• Email: prainfo@occ.treas.gov.
• Mail: Chief Counsel’s Office,
Attention: Comment Processing, Office
of the Comptroller of the Currency,
Attention: 1557–0180, 400 7th Street
SW, Suite 3E–218, Washington, DC
20219.
• Hand Delivery/Courier: 400 7th
Street SW, Suite 3E–218, Washington,
DC 20219.
• Fax: (571) 293–4835.
Instructions: You must include
‘‘OCC’’ as the agency name and ‘‘1557–
0180’’ in your comment. In general, the
OCC will publish comments on
www.reginfo.gov without change,
including any business or personal
information provided, such as name and
address information, email addresses, or
phone numbers. Comments received,
including attachments and other
supporting materials, are part of the
public record and subject to public
disclosure. Do not include any
information in your comment or
supporting materials that you consider
confidential or inappropriate for public
disclosure.
Written comments and
recommendations for the proposed
information collection should also be
sent within 30 days of publication of
this notice to www.reginfo.gov/public/
do/PRAMain. You can find this
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
You may review comments and other
related materials that pertain to this
information collection following the
close of the 30-day comment period for
this notice by the method set forth in
the next bullet.
• Viewing Comments Electronically:
Go to www.reginfo.gov. Hover over the
‘‘Information Collection Review’’ tab
and click on ‘‘Information Collection
Review’’ from the drop-down menu.
From the ‘‘Currently under Review’’
drop-down menu, select ‘‘Department of
Treasury’’ and then click ‘‘submit.’’ This
information collection can be located by
searching OMB control number ‘‘1557–
0180’’ or ‘‘Minimum Security Devices
and Procedures, Reports of Suspicious
Activities, and Bank Secrecy Act
Compliance Program.’’ Upon finding the
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Fmt 4703
Sfmt 4703
17881
appropriate information collection, click
on the related ‘‘ICR Reference Number.’’
On the next screen, select ‘‘View
Supporting Statement and Other
Documents’’ and then click on the link
to any comment listed at the bottom of
the screen.
• For assistance in navigating
www.reginfo.gov, please contact the
Regulatory Information Service Center
at (202) 482–7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, Clearance Officer,
(202) 649–5490, Chief Counsel’s Office,
Office of the Comptroller of the
Currency, 400 7th Street SW,
Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech
disability, please dial 7–1–1 to access
telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the
PRA (44 U.S.C. 3501 et seq.), Federal
agencies must obtain approval from the
OMB for each collection of information
that they conduct or sponsor.
‘‘Collection of information’’ is defined
in 44 U.S.C. 3502(3) and 5 CFR
1320.3(c) to include agency requests or
requirements that members of the public
submit reports, keep records, or provide
information to a third party. The OCC
asks the OMB to extend its approval of
the collection in this notice.
Title: Minimum Security Devices and
Procedures, Reports of Suspicious
Activities, and Bank Secrecy Act
Compliance Program.
OMB Control No.: 1557–0180.
Type of Review: Regular.
Affected Public: Businesses or other
for-profit.
Description: Minimum Security
Devices and Procedures: Under 12 CFR
21.2, 21.4, 168.2, and 168.4, national
banks and Federal savings associations
are required to designate a security
officer who must develop and
administer a written security program.
The security officer shall report at least
annually to the institution’s board of
directors on the effectiveness of the
security program. The substance of the
report shall be reflected in the board’s
minutes. These requirements ensure
that the security officer is responsible
for the security program and that the
institution’s management and the board
of directors are aware of the content and
effectiveness of the program. These
requirements also ensure prudent
institution management and institution
safety and soundness.
Suspicious Activity Report (SAR): In
1992, the Department of the Treasury
was granted broad authority to require
suspicious transaction reporting under
the Bank Secrecy Act (BSA). See, 31
U.S.C. 5318(g). The Financial Crimes
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17882
Federal Register / Vol. 90, No. 81 / Tuesday, April 29, 2025 / Notices
lotter on DSK11XQN23PROD with NOTICES1
Enforcement Network (FinCEN), which
has been delegated the authority to
administer the BSA, joined with the
bank regulators in 1996 in requiring, on
a consolidated form (i.e., SAR), reports
of suspicious transactions. See, 31 CFR
1020.320(a) (formerly 31 CFR 103.18(a)).
The filing of SARs is necessary to
prevent and detect crimes involving
depository institution funds, institution
insiders, criminal transactions, and
money laundering. These requirements
are necessary to ensure institution safety
and soundness. National banks and
Federal savings associations are
required to maintain a copy of any SAR
filed and the original or business record
equivalent of any supporting
documentation for a period of five years.
The documents are necessary for
criminal investigations and
prosecutions. FinCEN and the Federal
financial institution supervisory
agencies 1 adopted the SAR form to
simplify the process through which
depository institutions inform their
regulators and law enforcement about
suspected criminal activity.2
Procedures for Monitoring Bank
Secrecy Act Compliance: Under 12 CFR
21.21, national banks and Federal
savings associations are required to
develop and provide for the continued
administration of a program reasonably
designed to assure and monitor their
compliance with the BSA and
applicable Treasury regulations. The
compliance program must be in writing,
approved by the board of directors, and
reflected in the minutes of the national
bank or Federal savings association.
These requirements are necessary to
ensure institution compliance with the
BSA and applicable Treasury
regulations.
Estimated Burden:
Estimated Frequency of Response: On
occasion.
Estimated Number of Respondents:
1,036.
Estimated Total Annual Burden:
1,266,791 hours.
1 The Federal financial institution supervisory
agencies are the OCC, Board of Governors of the
Federal Reserve System (Board), Federal Deposit
Insurance Corporation (FDIC), and National Credit
Union Administration (NCUA). The Office of Thrift
Supervision, which was in existence at the time the
SAR was adopted, was merged into the OCC in
2011.
2 The OCC estimates one hour of burden per SAR
filed in recognition of the fact that most SARs are
also required by FinCEN’s SAR regulations and are
accordingly already covered under the burden
estimates for those regulations. The OCC’s estimates
are based on the number of SARs filed by OCCregulated depository institutions in the most recent
12-month period, as reported in FinCEN’s
published SAR statistics, available at https://
www.fincen.gov/reports/sar-stats.
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18:58 Apr 28, 2025
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Comments: On February 20, 2025, the
OCC published a 60-day notice for this
information collection, (90 FR 10036).
The OCC received one comment, which
recommended broader reforms to
increase the effectiveness of compliance
efforts but did not specifically object to
the estimates in or justification for this
information collection.
Comments continue to be invited on:
(a) Whether the collection of
information is necessary for the proper
performance of the functions of the
OCC, including whether the information
has practical utility;
(b) The accuracy of the OCC’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 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.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller
of the Currency.
[FR Doc. 2025–07341 Filed 4–28–25; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Proposed Collection;
Comment Request; Prohibition on
Funding of Unlawful Internet Gambling
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other federal agencies to comment on
the proposed information collection
listed below, in accordance with the
Paperwork Reduction Act of 1995.
DATES: Written comments must be
received on or before June 30, 2025.
ADDRESSES: Send comments regarding
the burden estimate, or any other aspect
of the information collection, including
suggestions for reducing the burden, to
Treasury PRA Clearance Officer, 1750
Pennsylvania Ave. NW, Suite 8100,
Washington, DC 20220, or email at
PRA@treasury.gov.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
SUMMARY:
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Frm 00127
Fmt 4703
Sfmt 4703
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:
Title: Prohibition on Funding of
Unlawful Internet Gambling.
OMB Control Number: 1505–0204.
Type of Review: Extension without
change of a currently approved
collection.
Description: The Unlawful Internet
Gambling Enforcement Act of 2006 (Act)
(enacted as Title VIII of the Security and
Accountability For Every Port Act of
2006, Pub. L. 109–347, 120 Stat. 1884,
and codified at 31 U.S.C. 5361–5367)
required the Secretary of the Treasury
(Treasury) and the Board of Governors
of the Federal Reserve System (Board),
in consultation with the Attorney
General, to prescribe regulations
requiring designated payment systems
and all participants therein to prevent or
prohibit unlawful internet gambling
transactions (referred to in the Act as
‘‘restricted transactions’’) through the
establishment of reasonably designed
policies and procedures. 31 U.S.C.
5364(a).
To carry out the Act, the Treasury’s
Departmental Offices and the Board,
after consulting with the Justice
Department, published a final rule on
November 18, 2008 in the Federal
Register (73 FR 69382) requiring
designated payment systems and all
participants therein (referred to
collectively in the final rule as
‘‘participants in designated payment
systems’’) to establish and implement
written policies and procedures
reasonably designed to prevent or
prohibit restricted transactions.
Form: None.
Affected Public: Businesses or other
for-profits.
Estimated Number of Respondents:
6,038.
Frequency of Response: On Occasion.
Estimated Total Number of Annual
Responses: 6,038.
Estimated Time per Response: 100
hours to establish new written policies
and procedures. 8 hours to maintain
them once established.
Estimated Total Annual Burden
Hours: 48,604.
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
E:\FR\FM\29APN1.SGM
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]]>Agencies
[Federal Register Volume 90, Number 81 (Tuesday, April 29, 2025)]
[Notices]
[Pages 17881-17882]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-07341]
=======================================================================
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities: Information Collection
Renewal; Submission for OMB Review; Minimum Security Devices and
Procedures, Reports of Suspicious Activities, and Bank Secrecy Act
Compliance Program
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
-----------------------------------------------------------------------
SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The OCC is soliciting
comment concerning the renewal of its information collection titled,
``Minimum Security Devices and Procedures, Reports of Suspicious
Activities, and Bank Secrecy Act Compliance Program.'' The OCC also is
giving notice that it has sent the collection to OMB for review.
DATES: Comments must be received by May 29, 2025.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
Email: [email protected].
Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0180, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0180'' in your comment. In general, the OCC will publish
comments on www.reginfo.gov without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Written comments and recommendations for the proposed information
collection should also be sent within 30 days of publication of this
notice to www.reginfo.gov/public/do/PRAMain. You can find this
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
You may review comments and other related materials that pertain to
this information collection following the close of the 30-day comment
period for this notice by the method set forth in the next bullet.
Viewing Comments Electronically: Go to www.reginfo.gov.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop-down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0180'' or ``Minimum
Security Devices and Procedures, Reports of Suspicious Activities, and
Bank Secrecy Act Compliance Program.'' Upon finding the appropriate
information collection, click on the related ``ICR Reference Number.''
On the next screen, select ``View Supporting Statement and Other
Documents'' and then click on the link to any comment listed at the
bottom of the screen.
For assistance in navigating www.reginfo.gov, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer,
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf,
hard of hearing, or have a speech disability, please dial 7-1-1 to
access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from the OMB for each collection
of information that they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to
include agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
The OCC asks the OMB to extend its approval of the collection in this
notice.
Title: Minimum Security Devices and Procedures, Reports of
Suspicious Activities, and Bank Secrecy Act Compliance Program.
OMB Control No.: 1557-0180.
Type of Review: Regular.
Affected Public: Businesses or other for-profit.
Description: Minimum Security Devices and Procedures: Under 12 CFR
21.2, 21.4, 168.2, and 168.4, national banks and Federal savings
associations are required to designate a security officer who must
develop and administer a written security program. The security officer
shall report at least annually to the institution's board of directors
on the effectiveness of the security program. The substance of the
report shall be reflected in the board's minutes. These requirements
ensure that the security officer is responsible for the security
program and that the institution's management and the board of
directors are aware of the content and effectiveness of the program.
These requirements also ensure prudent institution management and
institution safety and soundness.
Suspicious Activity Report (SAR): In 1992, the Department of the
Treasury was granted broad authority to require suspicious transaction
reporting under the Bank Secrecy Act (BSA). See, 31 U.S.C. 5318(g). The
Financial Crimes
[[Page 17882]]
Enforcement Network (FinCEN), which has been delegated the authority to
administer the BSA, joined with the bank regulators in 1996 in
requiring, on a consolidated form (i.e., SAR), reports of suspicious
transactions. See, 31 CFR 1020.320(a) (formerly 31 CFR 103.18(a)). The
filing of SARs is necessary to prevent and detect crimes involving
depository institution funds, institution insiders, criminal
transactions, and money laundering. These requirements are necessary to
ensure institution safety and soundness. National banks and Federal
savings associations are required to maintain a copy of any SAR filed
and the original or business record equivalent of any supporting
documentation for a period of five years. The documents are necessary
for criminal investigations and prosecutions. FinCEN and the Federal
financial institution supervisory agencies \1\ adopted the SAR form to
simplify the process through which depository institutions inform their
regulators and law enforcement about suspected criminal activity.\2\
---------------------------------------------------------------------------
\1\ The Federal financial institution supervisory agencies are
the OCC, Board of Governors of the Federal Reserve System (Board),
Federal Deposit Insurance Corporation (FDIC), and National Credit
Union Administration (NCUA). The Office of Thrift Supervision, which
was in existence at the time the SAR was adopted, was merged into
the OCC in 2011.
\2\ The OCC estimates one hour of burden per SAR filed in
recognition of the fact that most SARs are also required by FinCEN's
SAR regulations and are accordingly already covered under the burden
estimates for those regulations. The OCC's estimates are based on
the number of SARs filed by OCC-regulated depository institutions in
the most recent 12-month period, as reported in FinCEN's published
SAR statistics, available at https://www.fincen.gov/reports/sar-stats.
---------------------------------------------------------------------------
Procedures for Monitoring Bank Secrecy Act Compliance: Under 12 CFR
21.21, national banks and Federal savings associations are required to
develop and provide for the continued administration of a program
reasonably designed to assure and monitor their compliance with the BSA
and applicable Treasury regulations. The compliance program must be in
writing, approved by the board of directors, and reflected in the
minutes of the national bank or Federal savings association. These
requirements are necessary to ensure institution compliance with the
BSA and applicable Treasury regulations.
Estimated Burden:
Estimated Frequency of Response: On occasion.
Estimated Number of Respondents: 1,036.
Estimated Total Annual Burden: 1,266,791 hours.
Comments: On February 20, 2025, the OCC published a 60-day notice
for this information collection, (90 FR 10036). The OCC received one
comment, which recommended broader reforms to increase the
effectiveness of compliance efforts but did not specifically object to
the estimates in or justification for this information collection.
Comments continue to be invited on:
(a) Whether the collection of information is necessary for the
proper performance of the functions of the OCC, including whether the
information has practical utility;
(b) The accuracy of the OCC'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 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.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-07341 Filed 4-28-25; 8:45 am]
BILLING CODE 4810-33-P
