[Federal Register Volume 81, Number 143 (Tuesday, July 26, 2016)]
[Notices]
[Pages 48886-48887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-17631]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network; Proposed Renewal Without
Change; Comment Request; Imposition of Special Measure Against Banco
Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and
Delta Asia Insurance Limited, as a Financial Institution of Primary
Money Laundering Concern
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: Notice and request for comments.
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SUMMARY: As part of a continuing effort to reduce paperwork and
respondent burden, the Financial Crimes Enforcement Network
(``FinCEN'') invites comment on a renewal, without change, to
information collection requirements finalized on March 19, 2007 (72 FR
12730, RIN 1506-AA83) imposing a special measure against Banco Delta
Asia, including its subsidiaries Delta Asia Credit Limited and Delta
Asia Insurance Limited, as a financial institution of primary money
laundering concern. This request for comments is being made pursuant to
the Paperwork Reduction Act 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 26, 2016.
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 Banco Delta Asia.
Comments also may be submitted by electronic mail to the
following Internet address: [email protected], with the caption,
``Attention: Comment Request; Imposition of Special Measure against
Banco Delta Asia'' in the body of the text.
Please submit by one method only. All comments submitted
by either method in response to this notice will become a matter of
public record. Therefore, you should submit only information that you
wish to make publicly available.
Inspection of comments: Comments will be posted on the FinCEN
public Web site. Persons wishing to review the comments submitted may
access the posted comments by going to https://www.fincen.gov/statutes_regs/frn/.
FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 1-800-767-
2825 or 1-703-905-3591 (not a toll free number) and select option 3 for
regulatory questions. Email inquiries can be sent to [email protected].
SUPPLEMENTARY INFORMATION:
Abstract: The Director of FinCEN is the delegated administrator of
the Bank Secrecy Act (``Act''). The Act authorizes the Director to
issue regulations to require all financial institutions defined as such
in 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\
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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 Act of 2001, Public Law 107-56.
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The notice of final rulemaking implemented section 5318A of Title
31, United States Code, by adding section Sec. 1010.655 to 31 CFR
Chapter X. In general, the regulations require covered financial
institutions to establish, document, and maintain programs as an aid in
protecting and securing the U.S. financial system.
Title: Imposition of Special Measure against Banco Delta Asia,
including its subsidiaries Delta Asia Credit Limited and Delta Asia
Insurance Limited, as a financial institution of primary money
laundering concern.
Office of Management and Budget (``OMB'') Control Number: 1506-
0045.
Abstract: FinCEN is issuing this notice to renew the OMB control
number for the imposition of a special measure against Banco Delta
Asia, including its subsidiaries Delta Asia Credit Limited and Delta
Asia Insurance Limited, 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 for existing proposed
regulations.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Businesses and certain not-for-profit
institutions.
Burden: Estimated Number of Respondents: 5,000.
Estimated Number of Responses: 5,000.
Estimated Number of Hours: 5,000.
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 OMB. Records required to be retained under
the Act must be retained for five years. Generally, information
collected pursuant to the Act 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,
[[Page 48887]]
maintenance and purchase of services to provide information.
Dated: July 21, 2016.
Jamal El-Hindi,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2016-17631 Filed 7-25-16; 8:45 am]
BILLING CODE 4810-02-P