65394 Federal Register / Vol. 83, No. 244 / Thursday, December 20, 2018 / Notices 

1Language expanding the scope of the BSA 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, 

P.L. 107–56 (‘‘USA PATRIOT Act’’). 

2 31 U.S.C. 5312(b)(2). 

3See 31 U.S.C. 5312(a)(1), which exempts from 

the definition of financial agency a person acting for 

a country, a monetary or financial authority acting 

as a monetary or financial authority or an 

international financial institution of which the 

United States government is a member. 

4The penalties provided in the BSA apply to both 

the FBAR reporting and recordkeeping requirement. 

Frequency: 0–6,444 complaints per 

year for each respondent (A range of the 

lowest number of complaints and an 

average of the highest number of 

complaints received over the past three 

years). 

Comments are invited on: (a) Whether 

the collection of information is 

necessary for the proper performance of 

the Department’s functions, including 

whether the information will have 

practical utility; (b) the accuracy of the 

Department’s estimate of the burden of 

the proposed information collection; (c) 

ways to enhance the quality, utility and 

clarity of the information to be 

collected; and (d) ways to minimize the 

burden of the collection of information 

on respondents, including the use of 

automated collection techniques or 

other forms of information technology. 

All responses to this notice will be 

summarized and included in the request 

for OMB approval. All comments will 

also become a matter of public record. 

Authority: The Paperwork Reduction Act 

of 1995; 44 U.S.C. Chapter 35, as amended; 

and 49 CFR part 1. 

Issued in Washington, DC, on December 

14, 2018. 

Blane A. Workie, 

Assistant General Counsel for Aviation 

Enforcement and Proceedings. 

[FR Doc. 2018–27532 Filed 12–19–18; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Reports of Foreign 

Financial Accounts Regulations and 

FinCEN Form 114, Report of Foreign 

Bank and Financial Accounts 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN invites comment on a 

renewal, without change, of existing 

information collection requirements 

concerning reports of foreign financial 

accounts and FinCEN Form 114, Report 

of Foreign Bank and Financial Accounts 

(‘‘FBAR’’). This request for comments is 

being made pursuant to the Paperwork 

Reduction Act (‘‘PRA’’) of 1995. 

DATES: Written comments are welcome 

and must be received on or before 

February 19, 2019 to be assured of 

consideration. 

ADDRESSES: Comments may be 

submitted by any of the following 

methods: 

• Federal E-rulemaking Portal: http:// 

www.regulations.gov. Follow the 

instructions for submitting comments. 

Refer to Docket Number FINCEN–2018– 

0018 and the Office of Management and 

Budget (‘‘OMB’’) control number 1506– 

0009. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0018 and OMB 

control number 1506–0009. 

Please submit comments by one 

method only. Comments will also be 

incorporated to FinCEN’s retrospective 

regulatory review process, as mandated 

by E.O. 12866 and 13563. All comments 

submitted 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. 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Resource Center at 800–767– 

2825 or electronically at frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: The Bank 

Secrecy Act (‘‘BSA’’), Titles I and II of 

Public Law 91–508, as amended, 

codified at 12 U.S.C. 1829(b), 12 U.S.C. 

1951–1959, and 31 U.S.C. 5311–5314 

and 5316–5332, authorizes the Secretary 

of the Treasury, among other things, to 

require financial institutions to keep 

records and file reports that are 

determined to have a high degree of 

usefulness in criminal, tax, and 

regulatory matters or in the conduct of 

intelligence or counter-intelligence 

activities to protect against international 

terrorism, and to implement countermoney laundering programs and 

compliance procedures.1 Title III of the 

USA PATRIOT Act of 2001, Pub. L. 

107–56, included certain amendments 

to the anti-money laundering provisions 

of Title II of the BSA, 31 U.S.C. 5311 et 

seq., which are intended to aid in the 

prevention, detection, and prosecution 

of international money laundering and 

terrorist financing. 

Regulations implementing Title II of 

the BSA appear at 31 CFR Chapter X. 

The authority of the Secretary of the 

Treasury to administer Title II of the 

BSA has been delegated to the Director 

of FinCEN. The information collected 

and retained under the regulation 

addressed in this notice assist Federal, 

state, and local law enforcement as well 

as regulatory authorities in the 

identification, investigation, and 

prosecution of money laundering and 

other matters. 

Under 31 U.S.C. 5314, the Secretary is 

authorized to require any ‘‘resident or 

citizen of the United States or a person 

in, and doing business in, the United 

States, to . . . keep records and file 

reports, when the resident, citizen, or 

person makes a transaction or maintains 

a relation for any person with a foreign 

financial agency.’’ The term ‘‘foreign 

financial agency’’ encompasses the 

activities found in the statutory 

definition of ‘‘financial agency,’’ 2 which 

means, in pertinent part, ‘‘a person 

acting for a person as a financial 

institution, bailee, depository trustee, or 

agent, or acting in a similar way related 

to money, credit, securities, gold, or a 

transaction in money, credit, securities, 

or gold.’’ 3 The Secretary is also 

authorized to prescribe exemptions to 

the reporting requirement and to 

prescribe other matters the Secretary 

considers necessary to carry out section 

5314. 

Pursuant to the authority in section 

5314, 31 CFR 1010.350 generally 

requires each U.S. person having a 

financial interest in, or signature or 

other authority over, a bank, securities, 

or other financial account in a foreign 

country to report such relationship to 

the Commissioner of Internal Revenue 

for each year in which such relationship 

exists, and to provide and report such 

information specified in a reporting 

form prescribed under 31 U.S.C. 5314. 

Section 1010.350 provides certain 

exceptions from reporting. FinCEN 

Form 114 (the FBAR) is the form used 

to file the required information. The 

recordkeeping requirements associated 

with foreign financial accounts required 

to be reported under section 1010.350 

are set forth in 31 CFR 1010.420. 

Specifically, filers must retain records of 

such accounts for a period of 5 years 

and make the records available for 

inspection as authorized by law.4

In accordance with the requirements 

of the PRA and its implementing 

regulations, the following information is 

presented concerning the information 

collection below. 

Title: Reports of foreign financial 

accounts and records to be made and 

retained by persons having financial 


khammond on DSK30JT082PROD with NOTICES
Federal Register / Vol. 83, No. 244 / Thursday, December 20, 2018 / Notices 65395 

5The total number of FBARs reported for foreign 

financial accounts reported for calendar year 2016 

is 1,090,774. 

interests in foreign financial accounts 

(31 CFR 1010.350, 1010.420) and 

FinCEN Form 114, Report of Foreign 

Bank and Financial Accounts. 

OMB Control Number: 1506–0009. 

Form Number: FinCEN Form 114. 

Abstract: Each U.S. person having a 

financial interest in, or signature or 

other authority over, a bank, securities, 

or other financial account in a foreign 

country shall report such relationship to 

the Commissioner of Internal Revenue 

for each year in which such relationship 

exists and shall provide such 

information as shall be specified in a 

reporting form prescribed under 31 

U.S.C. 5314 to be filed by such persons. 

This information will be provided on 

the FinCEN Form 114. Records of 

accounts required by § 1010.350 to be 

reported shall be retained by each 

person having a financial interest in or 

signature or other authority over any 

such account. Such records shall be 

retained for a period of 5 years and shall 

be kept at all times available for 

inspection as authorized by law. 

Type of Review: Renewal without 

change to a currently approved 

information collection. 

Affected Public: Individuals, 

businesses or other for-profit 

institutions, and non-profit institutions. 

Burden: 

• Estimated Number of Respondents: 

1,090,774.5

• Estimated Number of Responses: 

1,090,774. 

• Estimated Average Annual Burden 

Per Response: The estimated average 

burden associated with the 

recordkeeping requirements in the rules 

will vary depending on the number of 

reportable accounts. We estimate that 

the recordkeeping burden will range 

from five minutes to sixty minutes, and 

that the average burden will be 30 

minutes. The estimated average burden 

associated with the reporting 

requirement (i.e., FBAR form 

completion) will also vary depending on 

the number of reportable accounts and 

whether the filer will be able to take 

advantage of the exceptions provided in 

the rule. We estimate that the average 

reporting burden will range from 

approximately 15 minutes to 50 minutes 

and that the average reporting burden 

will be approximately 30 minutes. The 

estimated total annual recordkeeping 

and reporting burden per response will 

be 1 hour. 

• Estimated Total Annual 

Respondent Burden: 1,090,774 hours 

(one hour per report). 

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 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: December 11, 2018. 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2018–27513 Filed 12–19–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Office of Foreign Assets Control 

Notice of OFAC Sanctions Actions 

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 names 

of one or more persons that have been 

placed on OFAC’s Specially Designated 

Nationals and Blocked Persons List 

based on OFAC’s determination that one 

or more applicable legal criteria were 

satisfied. All property and interests in 

property subject to U.S. jurisdiction of 

these persons are blocked, and U.S. 

persons are generally prohibited from 

engaging in transactions with them. 

DATES: See SUPPLEMENTARY INFORMATION

section. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Associate Director for Global 

Targeting, tel.: 202–622–2420; Assistant 

Director for Sanctions Compliance & 

Evaluation, tel.: 202–622–2490; 

Assistant Director for Licensing, tel.: 

202–622–2480; Assistant Director for 

Regulatory Affairs, tel. 202–622–4855; 

or the Department of the Treasury’s 

Office of the General Counsel: Office of 

the Chief Counsel (Foreign Assets 

Control), tel.: 202–622–2410. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The Specially Designated Nationals 

and Blocked Persons List and additional 

information concerning OFAC sanctions 

programs are available on OFAC’s 

website (www.treasury.gov/ofac). 

Notice of OFAC Action(s) 

On December 14, 2018, OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following persons are 

blocked under the relevant sanctions 

authorities listed below. 

Individuals 

1. DIMITRY, Gregory Vasili (a.k.a. ADUOL, 

Gregory Deng Kuac; a.k.a. KUAC, Gregory 

Deng; a.k.a. KUACH, Gregory Deng; a.k.a. 

YALOURIS, Gregory Vasilis Dimitry), Juba, 

South Sudan; DOB 01 Jan 1961; POB Ajogo, 

South Sudan; nationality South Sudan; 

Gender Male (individual) [SOUTH SUDAN]. 

Designated pursuant to Section 1(a)(i)(A) of 

Executive Order 13664 of April 3, 2014, 

‘‘Blocking Property of Certain Persons With 

Respect to South Sudan’’ (E.O. 13664) for 

being responsible for or complicit in, or 

having engaged in, directly or indirectly, in 

or in relation to South Sudan, actions or 

policies that threaten the peace, security, or 

stability of South Sudan. 

2. ZIV, Israel (a.k.a. ZILBERSTEIN, Israel 

Baruch; a.k.a. ZIV, Israel Baruch; a.k.a. ZIV, 

Yisrael), Haela 16, Har Hadar, Israel; Haela 

40, Har Adar, Israel; DOB 06 Jul 1957; 

nationality Israel; Gender Male; Passport 

29037166 (Israel); National ID No. 5490537 

(individual) [SOUTH SUDAN]. 

Designated pursuant to Section 1(a)(ii) of 

E.O. 13664 for being a leader of an entity that 

has, or whose members have, engaged in 

actions or policies that have the purpose or 

effect of expanding or extending the conflict 

in South Sudan or obstructing reconciliation 

or peace talks or processes. 

3. OLAWO, Obac William (a.k.a. OLAH, 

Ubac William; a.k.a. OLAU, Obaj William), 

South Sudan; DOB 01 Jan 1962; POB 

Malakal, South Sudan; Gender Male; 

Passport M6200000021304 (South Sudan) 

(individual) [SOUTH SUDAN]. 

Designated pursuant to Section 1(a)(ii) of 

E.O. 13664 for being a leader of an entity that 

has, or whose members have, engaged in 

actions or policies that have the purpose or 

effect of expanding or extending the conflict 

in South Sudan or obstructing reconciliation 

or peace talks or processes. 


khammond on DSK30JT082PROD with NOTICES