76662 Federal Register / Vol. 85, No. 230 / Monday, November 30, 2020 / Notices 

III. Request for Comment 

Public comment is requested on all 

aspects of this joint notice. Comment is 

specifically invited on: 

(a) Whether the proposed revisions to 

the collections of information that are 

the subject of this notice are necessary 

for the proper performance of the 

agencies’ functions, including whether 

the information has practical utility; 

(b) The accuracy of the agencies’ 

estimates of the burden of the 

information collections as they are 

proposed to be revised, including the 

validity of the methodology and 

assumptions used; 

(c) Ways to enhance the quality, 

utility, and clarity of the information to 

be collected; 

(d) Ways to minimize the burden of 

information collections 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. 

Comments submitted in response to 

this joint notice will be shared among 

the agencies. 

Theodore J. Dowd, 

Deputy Chief Counsel, Office of the 

Comptroller of the Currency. 

Board of Governors of the Federal Reserve 

System. 

Michelle Taylor Fennell, 

Deputy Associate Secretary of the Board. 

Dated at Washington, DC, on or about 

November 24, 2020. 

Federal Deposit Insurance Corporation. 

James P. Sheesley, 

Assistant Executive Secretary. 

[FR Doc. 2020–26388 Filed 11–27–20; 8:45 am] 

BILLING CODE 4810–33– 6210–01– 6714–01–P 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Comment Request; Financial 

Crimes Enforcement Network Due 

Diligence Programs for Correspondent 

Accounts for Foreign Financial 

Institutions and Private Banking 

Accounts 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: 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, on or after the 

date of publication of this notice. The 

public is invited to submit comments on 

these requests. 

DATES: Comments should be received on 

or before December 30, 2020 to be 

assured of consideration. 

ADDRESSES: Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to www.reginfo.gov/public/do/ 

PRAMain. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. 

FOR FURTHER INFORMATION CONTACT: 

Copies of the submissions may be 

obtained from Molly Stasko by emailing 

PRA@treasury.gov, calling (202) 622– 

8922, or viewing the entire information 

collection request at www.reginfo.gov. 

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network 

(FinCEN) 

1. Title: Due diligence programs for 

correspondent accounts for foreign 

financial institutions and private 

banking accounts (31 CFR 1010.610 and 

31 CFR 1010.620). 

OMB Control Number: 1506–0046. 

Type of Review: Extension without 

change of a currently approved 

collection. 

Description: The legislative 

framework generally referred to as the 

Bank Secrecy Act (BSA) consists of the 

Currency and Financial Transactions 

Reporting Act of 1970, as amended by 

the Uniting and Strengthening America 

by Providing Appropriate Tools 

Required to Intercept and Obstruct 

Terrorism Act of 2001 (USA PATRIOT 

Act) (Pub. L. 107–56) and other 

legislation. The BSA is codified at 12 

U.S.C. 1829b, 12 U.S.C. 1951–1959, 31 

U.S.C. 5311–5314 and 5316–5332, and 

notes thereto, with implementing 

regulations at 31 CFR Chapter X. 

The BSA authorizes the Secretary of 

the Treasury, inter alia, 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 anti-money laundering 

(AML) programs and compliance 

procedures. Regulations implementing 

Title II of the BSA appear at 31 CFR 

chapter X. The authority of the 

Secretary to administer the BSA has 

been delegated to the Director of 

FinCEN. 

Section 312 of the USA PATRIOT Act 

added subsection (h) to 31 U.S.C. 5318 

of the BSA. Section 312 mandates that 

each financial institution that 

establishes, maintains, administers, or 

manages a correspondent account or a 

private banking account in the United 

States for non-U.S. persons subject such 

accounts to certain anti-money 

laundering compliance measures. In 

particular, a financial institution must 

establish appropriate, specific, and, 

where necessary, enhanced, due 

diligence (EDD) or enhanced scrutiny 

policies, procedures, and controls that 

are reasonably designed to detect and 

report instances of money laundering 

through those accounts. The regulations 

implementing the due diligence 

requirements for maintaining foreign 

correspondent accounts and private 

banking accounts are found at 31 CFR 

1010.610 and 31 CFR 1010.620, 

respectively, and apply to covered 

financial institutions defined as banks, 

brokers or dealers in securities, futures 

commission merchants, introducing 

brokers in commodities, and mutual 

funds. 

Form: Not applicable. 

Affected Public: Businesses or other 

for-profit institutions; Not-for-profit 

institutions. 

Estimated Number of Respondents: 

16,938. 

Frequency of Response: As required. 

Estimated Total Number of Annual 

Responses: 16,938. 

Estimated Time per Response: 2 

hours. 

Estimated Total Annual Burden 

Hours: 33,876 hours. 

(Authority: 44 U.S.C. 3501 et seq.) 

Dated: November 23, 2020. 

Molly Stasko, 

Treasury PRA Clearance Officer. 

[FR Doc. 2020–26286 Filed 11–27–20; 8:45 am] 

BILLING CODE 4810–02–P 

UNIFIED CARRIER REGISTRATION 

PLAN 

Sunshine Act Meeting Notice; Unified 

Carrier Registration Plan Board 

Subcommittee Meeting 

TIME AND DATE: December 3, 2020, from 

Noon to 2 p.m., Eastern time. 

PLACE: This meeting will be accessible 

via conference call and via Zoom 

Meeting and Screenshare. Any 

interested person may call (i) 1–929– 

205–6099 (US Toll) or 1–669–900–6833 

(US Toll) or (ii) 1–877–853–5247 (US 

Toll Free) or 1–888–788–0099 (US Toll 

Free), Meeting ID: 965 1818 4622, to 

listen and participate in this meeting. 


TKELLEY on DSKBCP9HB2PROD with NOTICES