[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Unknown Section]
[Page 78018]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31005]
[[Page 78017]]
Vol. 80
Tuesday,
No. 240
December 15, 2015
Part XV
Department of the Treasury
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Semiannual Regulatory Agenda
Federal Register / Vol. 80 , No. 240 / Tuesday, December 15, 2015 /
Unified Agenda
[[Page 78018]]
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DEPARTMENT OF THE TREASURY
31 CFR Subtitles A and B
Semiannual Agenda and Fiscal Year 2015 Regulatory Plan
AGENCY: Department of the Treasury.
ACTION: Semiannual regulatory agenda and annual regulatory plan.
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SUMMARY: This notice is given pursuant to the requirements of the
Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory
Planning and Review''), which require the publication by the Department
of a semiannual agenda of regulations. EO 12866 also requires the
publication by the Department of a regulatory plan for the upcoming
fiscal year.
FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the
item relating to that regulation.
SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes
regulations that the Department has issued or expects to issue and
rules currently in effect that are under departmental or bureau review.
For this edition of the regulatory agenda, the most important
significant regulatory actions and a Statement of Regulatory Priorities
are included in the Regulatory Plan, which appears in both the online
Unified Agenda and in part II of the Federal Register publication that
includes the Unified Agenda.
Beginning with the fall 2007 edition, the Internet has been the
primary medium for disseminating the Unified Agenda. The complete
Unified Agenda will be available online at www.reginfo.gov and
www.regulations.gov, in a format that offers users an enhanced ability
to obtain information from the Agenda database. Because publication in
the Federal Register is mandated for the regulatory flexibility agenda
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's
printed agenda entries include only:
(1) Rules that are in the regulatory flexibility agenda, in
accordance with the Regulatory Flexibility Act, because they are likely
to have a significant economic impact on a substantial number of small
entities; and
(2) Rules that have been identified for periodic review under
section 610 of the Regulatory Flexibility Act.
Printing of these entries is limited to fields that contain
information required by the Regulatory Flexibility Act's Agenda
requirements. Additional information on these entries is available in
the Unified Agenda published on the Internet. In addition, for fall
editions of the Agenda, the entire Regulatory Plan will continue to be
printed in the Federal Register, as in past years.
Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.
Financial Crimes Enforcement Network--Final Rule Stage
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Regulation
Sequence No. Title Identifier No.
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362....................... Financial Crimes 1506-AB25
Enforcement Network:
Customer Due Diligence
Requirements for
Financial Institutions.
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DEPARTMENT OF THE TREASURY (TREAS)
Financial Crimes Enforcement Network (FINCEN)
Final Rule Stage
362. Financial Crimes Enforcement Network: Customer Due Diligence
Requirements for Financial Institutions
Legal Authority: 31 U.S.C. 5311 to 5314; 12 U.S.C. 1829b
Abstract: The Financial Crimes Enforcement Network (FinCEN), after
consulting with staff from various Federal supervisory authorities, is
proposing rules under the Bank Secrecy Act to clarify and strengthen
customer due diligence requirements for: (i) Banks; (ii) brokers or
dealers in securities; (iii) mutual funds; and (iv) futures commission
merchants and introducing brokers in commodities. The proposed rules
would contain explicit customer due diligence requirements and would
include a new requirement to identify beneficial owners of legal entity
customers, subject to certain exemptions.
Timetable:
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Action Date FR Cite
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NPRM................................ 08/04/14 79 FR 45151
NPRM Comment Period End............. 10/03/14
Final Action........................ 01/00/16
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Regulatory Flexibility Analysis Required: Yes.
Agency Contact: Michael Vallely, Senior Regulatory Program Manager,
Department of the Treasury, Financial Crimes Enforcement Network, 2070
Chain Bridge Road, Vienna, VA 22183-2536, Phone: 703 905-3851, Email:
[email protected].
RIN: 1506-AB25
[FR Doc. 2015-31005 Filed 12-14-15; 8:45 am]
BILLING CODE 4810-02-P