[Federal Register Volume 79, Number 169 (Tuesday, September 2, 2014)]
[Notices]
[Pages 52107-52108]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-20705]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
August 26, 2014.
The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, Public Law 104-13, on or after the date of
publication of this notice.
DATES: Comments should be received on or before October 2, 2014 to be
assured of consideration.
ADDRESSES: Send comments regarding the burden estimate, or any other
aspect of the information collection, including suggestions for
reducing the burden, to (1) Office of Information and Regulatory
Affairs, Office of Management and Budget, Attention: Desk Officer for
Treasury, New Executive Office Building, Room 10235, Washington, DC
20503, or email at [email protected] and (2) Treasury
PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8140,
Washington, DC 20220, or email at [email protected].
FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be
obtained by emailing [email protected], calling (202) 927-5331, or
viewing the entire information collection request at www.reginfo.gov.
Financial Crimes Enforcement Network (FinCEN)
OMB Number: 1506-0043.
Type of Review: Extension without change of a currently approved
collection.
Title: Correspondent Accounts for Foreign Shell Banks;
Recordkeeping and Termination of Correspondent Accounts.
Abstract: These rules prohibit domestic financial institutions from
maintaining correspondent accounts with foreign shell banks and require
such institutions to maintain records of the owners, and agents, for
service of legal process of foreign banks.
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 306,000.
OMB Number: 1506-0050.
Type of Review: Extension without change of a currently approved
collection.
Title: Administrative Rulings.
Abstract: These sections address administrative rulings under the
Bank Secrecy Act. They explain how to submit a ruling request (31 CFR
1010.711), how nonconforming requests are handled (1010.712), how oral
communications are treated (1010.713), how rulings are issued
(1010.715), how rulings are modified or rescinded (1010.716), and how
information may be disclosed (1010.717).
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 60.
OMB Number: 1506-0051.
Type of Review: Extension without change of a currently approved
collection.
Title: Special Rules for Casinos (31 CFR 1021.210, 1021.410(b)(10),
and 1010.430).
Abstract: This section provides special rules for casinos,
including the requirement that casinos maintain a written anti-money
laundering compliance program.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 92,500.
OMB Number: 1506-0052.
Type of Review: Extension without change of a currently approved
collection.
Title: Additional Records to be Made and Retained by Currency
Dealers or Exchangers (31 CFR 1022.410 & 1010.430).
Abstract: A currency dealer or exchanger must make and maintain a
record of the taxpayer identification number of certain persons for
whom a transaction account is opened or a line of credit is extended,
and must maintain a list containing the names, addresses, and account
or credit line numbers of those persons from whom it has been unable to
secure such information. A currency dealer or exchanger must retain the
original or a copy of certain documents, as specified in section
1022.410. The required records must be maintained for five years (31
CFR 1010.430).
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 36,800.
[[Page 52108]]
OMB Number: 1506-0053.
Type of Review: Extension without change of a currently approved
collection.
Title: Additional Records to be Made and Retained by Brokers or
Dealers in Securities (31 CFR 1023.410 & 1010.430).
Abstract: A broker or dealer in securities must retain an original
or copy of certain documents, as specified in section 1023.410. The
required records must be maintained for five years (31 CFR 1010.430).
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit Institutions.
Estimated Annual Burden Hours: 830,000.
OMB Number: 1506-0054.
Type of Review: Extension without change of a currently approved
collection.
Title: Additional Records to be Made and Retained by Casinos (31
CFR 1021.410 and 1010.430).
Abstract: Casinos (and card clubs) must make and retain a record of
the name, permanent address, and taxpayer identification number each
person who deposits funds with the casino, opens an account at the
casino, or to whom the casino extends a line of credit (and maintain a
list, available to the Secretary upon request, of the names and
addresses of persons who do not furnish a taxpayer identification
number), and must retain the original or a copy of certain documents,
as specified in 31 CFR 1021.410(a)&(b)(1)-(8). Casinos must also
maintain a list of transactions with customers involving certain
instruments (31 CFR 1021.410(b)(9)). Card clubs must maintain records
of currency transactions by customers and records of activity at cages
(31 CFR 1021.410(b)(11)). Casinos that input, store, or retain required
records on computer disk, tape or other machine-readable media must
maintain the records on such media (31 CFR 1021.410(c)). Required
records must be maintained for five years (31 CFR 1010.430).
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 121,056.
OMB Number: 1506-0055.
Type of Review: Extension without change of a currently approved
collection.
Title: Reports of Transactions with Foreign Financial Agencies (31
CFR 1010.360).
Abstract: Treasury may, by regulation, require specified financial
institutions to report transactions by persons with designated foreign
financial agencies.
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 1.
OMB Number: 1506-0056.
Type of Review: Extension without change of a currently approved
collection.
Title: Reports of Certain Domestic Coin and Currency Transactions
(31 CFR 1010.370 and 1010.410(d)).
Abstract: Upon a finding that additional reporting or recordkeeping
is necessary to carry out the purposes, or prevent the evasion, of the
Bank Secrecy Act, Treasury may issue an order requiring financial
institutions or groups of financial institutions in certain geographic
locations to report certain transactions in prescribed amounts for a
limited period of time (31 CFR 1010.360). Financial institutions
subject to a geographic targeting order must maintain records for such
period of time as the order requires but not more than 5 years (31 CFR
1010.410(d)). Although the burden is stated as an annual burden in
accordance with the Paperwork Reduction Act, the estimated annual
burden is not intended to indicate that there is a geographic targeting
order in effect throughout a year or in each year.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 6,800.
OMB Number: 1506-0057.
Type of Review: Extension without change of a currently approved
collection.
Title: Purchases of Bank Checks and Drafts, Cashier's Checks, Money
Orders and Traveler's Checks (31 CFR 1010.415 & 31 CFR 1010.430).
Abstract: Financial institutions must maintain records of certain
information related to the sale of bank checks and drafts, cashier's
checks, money orders, or traveler's checks when the sale involves
currency between $3,000-$10,000. The records must be maintained for a
period of five years and be made available to Treasury upon request.
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 456,750.
OMB Number: 1506-0058.
Type of Review: Extension without change of a currently approved
collection.
Title: Records to be Made and Retained by Financial Institutions
(31 CFR 1010.410, 1022.420 and 1010.430).
Abstract: Each financial institution must retain an original or
copy of records related to extensions of credit in excess of $10,000
(other than those secured by real property), and records related to
transfers of funds, currency, other monetary instruments, checks,
investment securities, or credit of more than $10,000 to or from the
United States (31 CFR 1010.410(a)-(d)). Banks and non-bank financial
institutions must also maintain records related to, and include certain
information as part of, funds transfers or transmittals of funds
involving more than $3,000 (31 CFR 1010.410(e)-(g). The required
records must be maintained for five years (31 CFR 1010.430).
Affected Public: Private Sector: Businesses or other for-profits.
Estimated Annual Burden Hours: 2,150,200.
OMB Number: 1506-0059.
Type of Review: Extension without change of a currently approved
collection.
Title: Additional Records to be Made and Retained by Banks (31 CFR
1020.410 and 1010.430).
Abstract: A bank must retain an original or copy of certain
documents, as specified in section 1020.410. The required records must
be maintained for five years (31 CFR 1010.430).
Affected Public: Private Sector: Businesses or other for-profits;
Not-for-profit institutions.
Estimated Annual Burden Hours: 2,290,000.
Dawn D. Wolfgang,
Treasury PRA Clearance Officer.
[FR Doc. 2014-20705 Filed 8-29-14; 8:45 am]
BILLING CODE 4810-02-P