78932 Federal Register / Vol. 85, No. 235 / Monday, December 7, 2020 / Notices 

1Section 358 of the USA PATRIOT Act added 

language expanding the scope of the BSA to 

intelligence or counter-intelligence activities to 

protect against international terrorism. 

2Treasury Order 180–01 (re-affirmed Jan. 14, 

2020). 

3 31 CFR 1010.330. Pursuant to 31 CFR 

1021.330(c), non-gaming businesses at casino hotels 

and resorts are separate trades or businesses in 

which the receipt of currency in excess of $10,000 

is reportable under 31 U.S.C. 5331 and 31 CFR 

1010.330. 

in the calculation to determine if an 

operator is a large or small operator. 

Large operators are always required to 

submit annual MIS reports whereas 

small operators are only required to 

submit MIS reports upon written 

request from PHMSA. If a small operator 

has submitted a MIS report in or after 

calendar year 2018, the PHMSA Portal 

message may state that no MIS report is 

required for calendar year 2020. If a 

small operator has grown to more than 

50 covered employees during calendar 

year 2020, the PHMSA Portal message 

will include instructions for how to 

obtain a DAMIS user name and 

password for the 2020 calendar year 

reporting period. 

If an operator is required to submit a 

MIS report in accordance with part 199, 

that report is not complete until PHMSA 

receives a MIS data report for each 

contractor that performed covered 

functions as defined in § 199.3. 

Operators must submit operator and 

contractor employee testing data in 

separate MIS reports to avoid 

duplicative reporting and inaccurate 

data that could affect the positive rate 

for the entire industry. 

Reminder of Method for Operators To 

Obtain User Name and Password for 

Electronic Reporting 

By early January 2021, the user name 

and password required for an operator 

to access DAMIS and enter calendar 

year 2020 data will be available to all 

operator staff with access to the PHMSA 

Portal. Pipeline operators have been 

submitting reports required by 49 CFR 

parts 191 and 195 through the PHMSA 

Portal (https://portal.phmsa.dot.gov/ 

pipeline) since 2011. PHMSA 

determined that distributing 

information via the Portal would be 

more effective than the previous mailing 

process. 

When the DAMIS user name and 

password are available in the PHMSA 

Portal, all registered users will receive 

an email to that effect. If operator staff 

responsible for submitting MIS reports 

do not receive the DAMIS information, 

they should coordinate with other 

registered PHMSA Portal users within 

their company to obtain the DAMIS user 

name and password. Registered PHMSA 

Portal users for an operator typically 

include operator staff or consultants 

who submit annual and incident reports 

through PHMSA F 7000- and 7100- 

series forms. 

Operators that have not previously 

registered staff in the PHMSA Portal for 

the reporting purposes of parts 191 and 

195 can register users by following the 

instructions at: https://

portal.phmsa.dot.gov/PHMSAPortal2/ 

staticContentRedesign/howto/ 

PortalAccountCreation.pdf. 

Issued in Washington, DC, on December 1, 

2020, under authority delegated in 49 CFR 

1.97. 

Alan K. Mayberry, 

Associate Administrator for Pipeline Safety. 

[FR Doc. 2020–26782 Filed 12–4–20; 8:45 am] 

BILLING CODE 4910–60–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Renewal Without 

Change of Reports Relating to 

Currency in Excess of $10,000 

Received in a Trade or Business, or 

Received as Bail by Court Clerks; 

Form 8300 

AGENCY: Financial Crimes Enforcement 

Network (FinCEN), Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: As part of its continuing effort 

to reduce paperwork and respondent 

burden, FinCEN invites comments on 

the proposed renewal, without change, 

of a currently approved information 

collection found in existing Bank 

Secrecy Act regulations. Specifically, 

FinCEN invites comment on a renewal, 

without change, of existing information 

collection requirements for reports of 

currency in excess of $10,000 received 

by a trade or business, or by court clerks 

as bail. These transactions are reported 

on Form 8300. This request for 

comments is made pursuant to the 

Paperwork Reduction Act of 1995. 

DATES: Written comments are welcome, 

and must be received on or before 

February 5, 2021. 

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–2020– 

0014 and the specific Office of 

Management and Budget (OMB) control 

number 1506–0018. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2020–0014 and OMB 

control number 1506–0018. 

Please submit comments by one 

method only. Comments will also be 

incorporated into FinCEN’s review of 

existing regulations, as provided by 

Treasury’s 2011 Plan for Retrospective 

Analysis of Existing Rules. 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 Regulatory Support Section at 

1–800–767–2825 or electronically at 

frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: 

I. Statutory and Regulatory Provisions 

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.1 Regulations implementing 

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.2

31 U.S.C. 5331 of the BSA and 26 

U.S.C. 6050I of the Internal Revenue 

Code require that certain transactions be 

reported to both FinCEN and the 

Internal Revenue Service (IRS) in the 

form and manner prescribed by the 

Secretary of the Treasury. Specifically, 

reporting is required by any person 

engaged in a trade or business who, in 

the course of such trade or business, 

receives more than $10,000 in coins or 

currency in one transaction or two or 

more related transactions.3 Reporting is 

also required by any clerk of a federal 


khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 85, No. 235 / Monday, December 7, 2020 / Notices 78933 

4 31 CFR 1010.331. 

5Currency transactions reportable under 31 

U.S.C. 5313 or 31 CFR 1010.311, 1010.313, 

1020.315, 1021.311, or 1021.313 are excluded from 

the Form 8300 reporting requirement. There are 

also several exceptions to the reporting requirement 

included in the regulation. 

6 31 CFR 1010.330(e)(2); 31 CFR 1010.331(c)(2). 

7 31 CFR 1010.330(e)(3); 31 CFR 1010.331(c)(1) 

(incorporating the requirements of 26 CFR 1.6050I– 

2(c)(3)(i)). 

8Public Law 104–13, 44 U.S.C. 3506(c)(2)(A). 

9 In 2019, FinCEN received form 8300s from 

32,462 unique filers based on their tax 

identification numbers (TIN). FinCEN is 

conservatively rounding this estimate to 32,500 

respondents annually. 

10The U.S. Bureau of Labor Statistics, 

Occupational Employment Statistics-National, May 

2019, available at https://www.bls.gov/oes/ 

tables.htm. The most recent data from the BLS 

corresponds to May 2019. For the benefits 

component of total compensation, see U.S. Bureau 

of Labor Statistics, Employer’s Cost per Employee 

Compensation as of December 2019, available at 

https://www.bls.gov/oes/tables.htm. The ratio 

between benefits and wages for financial activities 

is $15.95 (hourly benefits)/$32.05 (hourly wages) = 

0.50. The benefit factor is 1 plus the benefit/wages 

ratio, or 1.50. Multiplying each hourly wage by the 

benefit factor produces the fully-loaded hourly 

wage per position. The May 2019 Bureau of Labor 

Statistics average hourly wage for ‘‘43–3099 

Financial Clerk’’ is $20.40. ($20.40 x 1.50 = $30.60). 

or state court who receives more than 

$10,000 in currency as bail for any 

individual charged with a specified 

criminal offense.4 Reports filed under 

these authorities are made through the 

joint FinCEN/IRS Form 8300.5

Furthermore, verification requirements 

apply to transactions requiring the filing 

of Form 8300.6 Reports filed under 31 

CFR 1010.330 and 31 CFR 1010.331 

must be maintained for five years after 

the date of filing.7

II. Paperwork Reduction Act of 1995 

(PRA) 8

Title: Reports Relating to Currency in 

Excess of $10,000 Received in a Trade 

or Business, or Received as Bail by 

Court Clerks; Form 8300 (31 CFR 

1010.330 and 31 CFR 1010.331). 

OMB Control Number: 1506–0018. 

Report Number: Form 8300. 

Abstract: FinCEN is issuing this 

notice to renew the OMB control 

number for the requirements for (1) any 

person in a trade or business who, in the 

course of the trade or business, receives 

more than $10,000 in coin or currency 

in one or more related transactions to 

report it to FinCEN, and (2) any clerk of 

a federal or state court who receives 

more than $10,000 in currency as bail 

for any individual charged with a 

specified criminal offense to make 

report of information with respect to 

receipt of that currency. 

Affected Public: Businesses or other 

for-profit institutions, and non-profit 

institutions. 

Type of Review: 

• Renewal without change of a 

currently approved information 

collection. 

Frequency: As required. 

Estimated Number of Respondents: 

32,500 respondents.9

Estimated Recordkeeping and 

Reporting Burden: 

The information required to be 

reported on the Form 8300 is basic 

information to which a filer would have 

access to in the course of doing 

business. For instance, the Form 8300 

requires a trade or business or court 

clerk to report identifying information 

about the individual from whom the 

cash was received, as well as any person 

on whose behalf the transaction was 

conducted. The Form 8300 also requires 

the filer to report a description of the 

transaction and method of payment, as 

well as identifying information for the 

business that received the cash. As this 

information is readily available to a 

trade or business or court clerk, FinCEN 

estimates that reporting this information 

will take 20 minutes on average. 

Additionally, while the Form 8300 may 

be filed electronically, which allows the 

filer to save an electronic version of the 

form and satisfy the recordkeeping 

requirement, many filers choose to file 

a paper copy of the Form 8300. 

Therefore, FinCEN estimates that the 

recordkeeping requirement will take 10 

minutes on average. FinCEN estimates 

total hourly burden of reporting and 

recordkeeping for each Form 8300 is 30 

minutes. 

Estimated Total Annual Responses: 

323,067 Form 8300s were filed in 

calendar year 2019. 

Estimated Total Annual 

Recordkeeping Burden: The estimated 

total annual PRA burden is 161,534 

hours (323,067 Form 8300s filed in 

calendar year 2019 multiplied by 30 

minutes and converted to hours). 

Estimated Total Annual 

Recordkeeping Cost: FinCEN estimates 

the following annual burden cost: 

161,534 × $30.60 per hour 10 = 

$4,942,940. 

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. 

General 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: (i) 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; 

(ii) the accuracy of the agency’s estimate 

of the burden of the collection of 

information; (iii) ways to enhance the 

quality, utility, and clarity of the 

information to be collected; (iv) 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 (v) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Michael G. Mosier, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2020–26883 Filed 12–4–20; 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, Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The U.S. Department of the 

Treasury’s Office of Foreign Assets 

Control (OFAC) is publishing the names 

of 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 the date that sanctions 

become effective. 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Associate Director for Global 

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

Director for Licensing, tel.: 202–622– 

2480; Assistant Director for Regulatory 

Affairs, tel.: 202–622–4855; or Assistant 

Director for Sanctions Compliance & 

Evaluation, tel.: 202–622–2490. 

SUPPLEMENTARY INFORMATION: 

Electronic Availability 

The Specially Designated Nationals 

and Blocked Persons List (SDN List) and 

additional information concerning 

OFAC sanctions programs are available 

on OFAC’s website (https://

www.treasury.gov/ofac). 


khammond on DSKJM1Z7X2PROD with NOTICES