[Federal Register Volume 78, Number 138 (Thursday, July 18, 2013)]
[Notices]
[Pages 43000-43001]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-17077]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network
Financial Crimes Enforcement Network; Proposed Renewal Without
Change; Comment Request; Imposition of Special Measure Against
Commercial Bank of Syria, Including its Subsidiary Syrian Lebanese
Commercial Bank, as a Financial Institution of Primary Money Laundering
Concern
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: Request for comments.
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SUMMARY: As part of our continuing effort to reduce paperwork and
respondent burden, we invite comment on a proposed renewal, without
change, to information collection requirements found in existing
regulations imposing a special measure against the Commercial Bank of
Syria, including its subsidiary Syrian Lebanese Commercial Bank, as a
financial institution of primary money laundering concern. This request
for comments is being made pursuant to the Paperwork Reduction Act of
1995 (``PRA''), 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: Financial Crimes
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comment
Request; Imposition of Special Measure against Commercial Bank of
Syria. 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: Comment Request;
Imposition of Special Measure against Commercial Bank of Syria.''
Inspection of comments: Comments 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
[[Page 43001]]
Officer by telephoning (703) 905-5034 (not a toll free call).
FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network,
Policy Division at (800) 949-2732. Select option 6.
SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial
Crimes Enforcement Network (``FinCEN'') is the delegated administrator
of the Bank Secrecy Act (``BSA''). The Act authorizes the Director to
issue regulations to require all financial institutions defined as such
pursuant to the Act to maintain or file certain reports or records that
have been determined to have a high degree of usefulness in criminal,
tax, or regulatory investigations or proceedings, or in the conduct of
intelligence or counter-intelligence activities, including analysis, to
protect against international terrorism.\1\ Regulations implementing
section 5318A of title 31, United States Code can be found in part at
31 CFR 1010.653. In general, the regulations require financial
institutions, as defined at 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100,
to establish, document, and maintain programs as an aid in protecting
and securing the U.S. financial system.
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\1\ Public Law 91-508, as amended and codified at 12 U.S.C.
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. 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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Title: Imposition of Special Measure against Commercial Bank of
Syria, Including its Subsidiary Syrian Lebanese Commercial Bank, as a
Financial Institution of Primary Money Laundering Concern.
Office of Management and Budget Control Number: 1506-0036.
Abstract: FinCEN is issuing this notice to renew the imposition of
a special measure against the Commercial Bank of Syria, including its
subsidiary Syrian Lebanese Commercial Bank, as a financial institution
of primary money laundering concern, pursuant to the authority
contained in 31 U.S.C. 5318A.
Current Action: Renewal without change to existing regulations.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and other for-profit institutions.
Burden: Estimated Number of Respondents: 5000.
Estimated Number of Responses: 5000.
Estimated Number of Hours: 5000. (Estimated at one hour per
respondent).
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
control number assigned by the Office of Management and Budget
(``OMB''). Records required to be retained under the BSA must be
retained for five years. Generally, information collected pursuant to
the BSA is confidential but may be shared as provided by law with
regulatory and law enforcement authorities.
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. 2013-17077 Filed 7-17-13; 8:45 am]
BILLING CODE 4810-02-P