20452 Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices 

of Money Services Business, FinCEN 

Form 107. The form will be used by 

currency dealers or exchangers; check 

cashers; issuers of traveler’s checks, 

money orders or stored value; sellers of 

traveler’s checks, money orders or 

stored value; redeemers of traveler’s 

checks, money orders or stored value; 

and money transmitters to register with 

the Department of the Treasury as 

required by statute. 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 June 

13, 2011. 

ADDRESSES: Written comments should 

be submitted to: Office of Regulatory 

Policy and Programs Division, Financial 

Crimes Enforcement Network, 

Department of the Treasury, P.O. Box 

39, Vienna, Virginia 22183, Attention: 

PRA Comments—MSB RegistrationForm 107. Comments also may be 

submitted by electronic mail to the 

following Internet address: 

regcomments@fincen.gov, again with a 

caption, in the body of the text, 

‘‘Attention: PRA Comments—MSB 

Registration-Form 107.’’ 

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 

Officer by telephoning (703) 905–5034 

(Not a toll free call). 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Regulatory helpline at (800) 

949–2732 and select Option 1. 

SUPPLEMENTARY INFORMATION: 

Title: Registration of Money Services 

Business. 

OMB Number: 1506–0013. 

Form Number: FinCEN Form 107. 

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. 

5311–5330, authorizes the Secretary of 

the Treasury, inter alia, to issue 

regulations requiring records and 

reports that are determined to have a 

high degree of usefulness in criminal, 

tax, and regulatory matters. Regulations 

implementing Title II of the Bank 

Secrecy Act (codified at 31 U.S.C. 5311– 

5330) appear at 31 CFR Chapter X. The 

authority of the Secretary to administer 

the Bank Secrecy Act has been 

delegated to the Director of FinCEN. 

Under 31 U.S.C. 5330 and its 

implementing regulations, money 

services businesses must register with 

the Department of the Treasury, 

maintain a list of their agents, and 

renew their registration every two years. 

Currently, money services businesses 

register by filing FinCEN Form 107, 

which is being renewed without change. 

The information collected on the form is 

required to comply with 31 U.S.C. 5330 

and its implementing regulations. The 

information will be used to assist 

supervisory and law enforcement 

agencies in the enforcement of criminal, 

tax, and regulatory laws and to prevent 

money services businesses from being 

used by those engaging in money 

laundering. The collection of 

information is mandatory. 

Current Actions: The current Form 

107 and instructions are being renewed 

without change. 

Type of Review: Renewal of currently 

approved collection report. 

Affected Public: Individuals, business 

or other for-profit institutions, and notfor-profit institutions. 

Frequency: As required. 

Estimated Burden: Reporting average 

of 30 minutes per response; 

recordkeeping average of 30 minutes per 

response. 

Estimated Number of Respondents: 

42,000. 

Estimated Total Annual Burden 

Hours: 42,000 hours. 

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 under 

the Bank Secrecy Act must be retained 

for five years. Generally, information 

collected pursuant to the Bank Secrecy 

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, 

maintenance and purchase of services to 

provide information. 

Dated: April 5, 2011. 

James H. Freis, Jr., 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2011–8589 Filed 4–11–11; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Unblocking of Specially Designated 

Nationals and Blocked Persons 

Pursuant to the Foreign Narcotics 

Kingpin Designation Act 

AGENCY: Office of Foreign Assets 

Control, Treasury. 

ACTION: Notice. 

SUMMARY: The Department of the 

Treasury’s Office of Foreign Assets 

Control (‘‘OFAC’’) is publishing the 

name of one entity whose property and 

interests in property has been 

unblocked pursuant to the Foreign 

Narcotics Kingpin Designation Act 

(‘‘Kingpin Act’’) (21 U.S.C. 1901–1908, 8 

U.S.C. 1182). 

DATES: The unblocking and removal 

from the list of Specially Designated 

Nationals and Blocked Persons (‘‘SDN 

List’’) of the entity identified in this 

notice whose property and interests in 

property was blocked pursuant to the 

Kingpin Act, is effective on March 30, 

2011. 

FOR FURTHER INFORMATION CONTACT: 

Assistant Director, Compliance 

Outreach & Implementation, U.S. 

Department of the Treasury, Office of 

Foreign Assets Control, Washington, DC 

20220, tel.: (202) 622–2420. 

SUPPLEMENTARY INFORMATION: 

Electronic and Facsimile Availability 

This document and additional 

information concerning OFAC are 

available from OFAC’s Web site 

(http://www.treas.gov/ofac) or via 

facsimile through a 24-hour fax-ondemand service at (202) 622–0077. 

Background 

The Kingpin Act became law on 

December 3, 1999. The Act provides a 

statutory framework for the President to 

impose sanctions against significant 

foreign narcotics traffickers and their 

organizations on a worldwide basis, 

with the objective of denying their 

businesses and agents access to the U.S. 

financial system and to the benefits of 

trade and transactions involving U.S. 

persons and entities. 


srobinson on DSKHWCL6B1PROD with NOTICES
Federal Register / Vol. 76, No. 70 / Tuesday, April 12, 2011 / Notices 20453 

The Kingpin Act blocks all property 

and interests in property, subject to U.S. 

jurisdiction, owned or controlled by 

significant foreign narcotics traffickers 

as identified by the President. In 

addition, the Secretary of the Treasury 

consults with the Attorney General, the 

Director of the Central Intelligence 

Agency, the Director of the Federal 

Bureau of Investigation, the 

Administrator of the Drug Enforcement 

Administration, the Secretary of 

Defense, the Secretary of State, and the 

Secretary of Homeland Security when 

designating and blocking the property or 

interests in property, subject to U.S. 

jurisdiction, of foreign persons found to 

be: (1) Materially assisting in, or 

providing financial or technological 

support for or to, or providing goods or 

services in support of, the international 

narcotics trafficking activities of a 

person designated pursuant to the 

Kingpin Act; (2) owned, controlled, or 

directed by, or acting for or on behalf of, 

a person designated pursuant to the 

Kingpin Act; or (3) playing a significant 

role in international narcotics 

trafficking. 

On March 30, 2011, the Director of 

OFAC removed from the SDN list the 

entity listed below, whose property and 

interests in property were blocked 

pursuant to the Kingpin Act: 

MERCURIO INTERNACIONAL S.A., 

Transversal 71D No. 26–94 Sur, Local 3504, 

Bogota, Colombia; Avenida Carrera 15 No. 

100–69, Oficina 303, Bogota, Colombia; 

Carrera 15 No. 93–60 Local 205, Bogota, 

Colombia; Calle 5 No. 50–103, Local C108, 

Cali, Colombia; Carrera 1 No. 61A–30, 

Locales 80 y 81, Cali, Colombia; Calle 19 No. 

6–48, Oficinas 403 y 404, Pereira, Colombia; 

Carrera 14 No. 18–56, Locales 34 y 35, Piso 

3, Armenia, Colombia; Carrera 43A No. 34– 

95, Local 253, Medellin, Colombia; Carrera 

54 No. 72–147, Local 144, Barranquilla, 

Colombia; NIT # 830063708–7 (Colombia) 

[SDNTK] 

Dated: March 30, 2011. 

Adam J. Szubin, 

Director, Office of Foreign Assets Control. 

[FR Doc. 2011–8678 Filed 4–11–11; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Form 1040 and Schedules 

A, B, C, C–EZ, D, D–1, E, EIC, F, H, J, 

R, and SE, Form 1040A, Form 1040EZ, 

Form 1040NR, Form 1040NR–EZ, Form 

1040X, and All Attachments to These 

Forms 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on proposed 

and continuing information collections, 

as required by the Paperwork Reduction 

Act of 1995 (PRA), Public Law 104–13 

(44 U.S.C. 3506(c)(2)(A)). This notice 

requests comments on all forms used by 

individual taxpayers: Form 1040, U.S. 

Individual Income Tax Return, and 

Schedules A, B, C, C–EZ, D, D–1, E, EIC, 

F, H, J, R, and SE; Form 1040A; Form 

1040EZ; Form 1040NR; Form 1040NR– 

EZ; Form 1040X; and all attachments to 

these forms (see the Appendix to this 

notice). 

DATES: Written comments should be 

received on or before May 12, 2011 to 

be assured of consideration. 

ADDRESSES: This collection is available 

for comment on http:// 

www.PRAComment.gov. Comments may 

be made through the Web site 

electronically and anonymously. 

Respondents may also direct written 

comments to Shagufta Ahmed, Office of 

Management and Budget, New 

Executive Office Building, Room 10235, 

Washington, DC 20503; (202) 395–7873 

and to Yvette Lawrence, Internal 

Revenue Service, 1111 Constitution 

Avenue, NW., Washington, DC 20224; 

(202) 927–4374. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information 

should be directed to Chief, 

RAS:R:TAM, NCA 7th Floor, Internal 

Revenue Service, 1111 Constitution 

Avenue, NW., Washington, DC 20224. 

SUPPLEMENTARY INFORMATION: 

PRA Approval of Forms Used by 

Individual Taxpayers 

Under the PRA, OMB assigns a 

control number to each ‘‘collection of 

information’’ that it reviews and 

approves for use by an agency. The PRA 

also requires agencies to estimate the 

burden for each collection of 

information. Burden estimates for each 

control number are displayed in (1) PRA 

notices that accompany collections of 

information, (2) Federal Register notices 

such as this one, and (3) OMB’s 

database of approved information 

collections. 

Taxpayer Burden Model 

The Individual Taxpayer Burden 

Model (ITBM) estimates burden 

experienced by individual taxpayers 

when complying with Federal tax laws 

and incorporates results from a survey 

of tax year 2007 individual taxpayers, 

conducted in 2008 and 2009. The 

approach to measuring burden focuses 

on the characteristics and activities 

undertaken by individual taxpayers in 

meeting their tax return filing 

obligations. 

Burden is defined as the time and outof-pocket costs incurred by taxpayers in 

complying with the Federal tax system 

and are estimated separately. Out-ofpocket costs include any expenses 

incurred by taxpayers to prepare and 

submit their tax returns. Examples 

include tax return preparation fees, the 

purchase price of tax preparation 

software, submission fees, photocopying 

costs, postage, and phone calls (if not 

toll-free). 

The methodology distinguishes 

among preparation method, taxpayer 

activities, taxpayer type, filing method, 

and income level. Indicators of tax law 

and administrative complexity, as 

reflected in the tax forms and 

instructions, are incorporated into the 

model. 

Preparation methods reflected in the 

model are as follows: 

• Self-prepared without software, 

• Self-prepared with software, and 

• Use of a paid preparer or tax 

professional. 

Types of taxpayer activities reflected 

in the model are as follows: 

• Recordkeeping, 

• Tax planning, 

• Gathering tax materials, 

• Use of services (IRS and other), 

• Form completion, and 

• Form submission (electronic and 

paper). 

Taxpayer Burden Estimates 

Summary level results using this 

methodology are presented in Table 1 

below. The data shown are the best 

forward-looking estimates available for 

income tax returns filed for tax year 

2010. Note that the estimates presented 

in this table differ from those published 

in the tax form instructions and 

publications. Revised estimates 

presented herein reflect legislation 

approved after the IRS Forms and 

Publications print deadline. 

Table 1 shows burden estimates by 

form type and type of taxpayer. Time 

burden is further broken out by taxpayer 

activity. The largest component of time 

burden for all taxpayers is 

recordkeeping, as opposed to form 

completion and submission. In addition, 

the time burden associated with form 

completion and submission activities is 

closely tied to preparation method. 

Both time and cost burdens are 

national averages and do not necessarily 


srobinson on DSKHWCL6B1PROD with NOTICES