[Federal Register Volume 78, Number 138 (Thursday, July 18, 2013)]
[Notices]
[Pages 42999-43000]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17075]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network; Comment Request; Renewal
Without Change--Administrative Rulings in Accordance With the Paperwork
Reduction Act
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: Request for comments.
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SUMMARY: The Office of Management and Budget (``OMB'') Control Number
1506-0050 approval for, Financial
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Crimes Enforcement Network (``FinCEN'') Administrative Rulings, expires
October 31, 2013. FinCEN is proposing to renew without change these
procedural requirements. This request for comment is being made
pursuant to the Paperwork Reduction Act (``PRA'') of 1995, Public Law
104-13, 44 U.S.C. 3506(c)(2)(A).
DATES: Written comments are welcome and must be received on or before
September 16, 2013.
ADDRESSES: Written comments should be submitted to: Policy Division,
Financial Crimes Enforcement Network, Department of the Treasury, P.O.
Box 39, Vienna, Virginia 22183, Attention: PRA Comments--1506-0050.
Comments also may be submitted by electronic mail to the following
Internet address: [email protected], again, with a caption in the
body of the text, ``Attention: PRA Comments--1506-0050.''
Inspection of Comments. Public comments received in response to a
``Notice and Request for Comments'' will be made available for review
as soon as possible but no earlier than five business days after the
close of the comment period. This delay is to insure submissions sent
through the U.S. Postal Service are included in the posting. Comments
received may be inspected, between 10 a.m. and 4 p.m., in the FinCEN
reading room in Vienna, VA. Persons wishing to inspect the comments
submitted must request an appointment with the Disclosure Officer by
telephoning (703) 905-5034 (not a toll free call).
FOR FURTHER INFORMATION CONTACT: The FinCEN Regulatory Helpline at
(800) 949-2732, select option 6.
SUPPLEMENTARY INFORMATION:
Title: Administrative Rulings (31 CFR 1010.711-717).
OMB Number: 1506-0050.
Abstract: The statute generally referred to as the ``Bank Secrecy
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes
the Secretary of the Treasury (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, and
regulatory investigations or proceedings, or in the conduct of
intelligence or counter-intelligence activities, to protect against
international terrorism, and to implement counter-money laundering
programs and compliance procedures.\1\ Regulations implementing Title
II of the Bank Secrecy Act (``BSA'') appear at 31 CFR Chapter X. The
authority of the Secretary to administer the BSA has been delegated to
the Director of FinCEN.
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\1\ Language expanding the scope of the Bank Secrecy Act to
intelligence or counter-intelligence activities to protect against
international terrorism was added by Section 358 of the Uniting and
Strengthening America by Providing Appropriate Tools Required to
Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001, Public
Law 107-56.
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Current action: This is a renewal without change of a currently
approved PRA burden.
Summary of proposed action: FinCEN proposes renewing the PRA burden
currently included in OMB Control Number 1506-0050. The sections under
this control number address: (a) How to submit a ruling request
(1010.711), (b) how non-conforming requests are handled (1010.712), (c)
how oral communications are treated (1010.713), (d) how rulings are
issued (1010.715), (e) how rulings are modified or rescinded
(1010.716), and (f) how information in connection with a ruling may be
disclosed (1010.717). Effective September 2009, all administrative
rulings with precedential value are published on the FinCEN Web site
and may be reviewed at http://www.fincen.gov/statutes_regs/rulings/.
Burden: The estimated number of responses (request for a ruling) is
40 annually, with a burden of one hour per submission, for a total
annual burden of 40 hours.
Type of Review: Renewal of currently approved PRA burden.
Affected Public: Businesses or other for-profit and non-profit
institutions.
Frequency: N/A.
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 pursuant to 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.
Dated: July 10, 2013.
Jennifer Shasky Calvery,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2013-17075 Filed 7-17-13; 8:45 am]
BILLING CODE 4810-02-P