Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices 6411 

the SUPPLEMENTARY INFORMATION section 

of this document. Note that all 

comments received will be posted 

without change to http://

www.regulations.gov, including any 

personal information provided. 

Privacy Act: Anyone is able to search 

the electronic form of all comments 

received into any of our dockets by the 

name of the individual submitting the 

comment (or signing the comment, if 

submitted on behalf of an association, 

business, labor union, etc.). You may 

review DOT’s complete Privacy Act 

Statement in the Federal Register 

published on April 11, 2000 (65 FR 

19477–78) or at https://

www.transportation.gov/privacy. 

Docket: For access to the docket to 

read background documents or 

comments received, go to http://

www.regulations.gov or to the street 

address listed above. Follow the online 

instructions for accessing the dockets. 

FOR FURTHER INFORMATION CONTACT: 

Please contact us at automation@

dot.gov. 

SUPPLEMENTARY INFORMATION: 

The Comprehensive Plan document is 

available at: www.transportation.gov/av. 

Development of ADS technology is 

occurring along multiple paths and 

significant uncertainty still exists 

around what form ADS applications and 

vehicles will take in the future. Even 

with the progress the industry has made 

over the last decade, no vehicle 

equipped with an ADS is available for 

purchase in the U.S., to date. 

Technologies are still under 

development, and the deployment of 

ADS-equipped vehicles—outside of 

small-scale pilots—remains years away. 

The Comprehensive Plan addresses 

clear near-term needs while laying the 

groundwork for longer-term changes. 

This plan does not attempt to predict 

the future forms of ADS-equipped 

vehicles or the services they may 

provide. U.S. DOT will periodically 

review its activities and plans to reflect 

new technology and industry 

developments and stakeholder feedback, 

eliminate unnecessary or redundant 

initiatives, and align investments with 

emerging focus areas. Comments 

received to this Comprehensive Plan 

will assist the Department in planning 

and prioritizing its future activities, but 

comments directed at any particular 

action contained in the Plan, including 

the ongoing rulemakings, are outside of 

the scope of this request and should, 

instead, be provided in the relevant 

docket for that action during its open 

comment period. 

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number of this document in your 

comments. 

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Will the agency consider late 

comments? 

The U.S. DOT will consider all 

comments received before the close of 

business on the comment closing date 

indicated above under DATES. To the 

extent practicable, the agency will also 

consider comments received after that 

date. 

How can I read the comments submitted 

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You may read the comments received 

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COMMENTS. The hours of the docket 

are indicated above in the same 

location. You may also see the 

comments on the internet, identified by 

the docket number at the heading of this 

notice, at http://www.regulations.gov. 

Issued in Washington, DC, on January 13, 

2021 under authority delegated at 49 U.S.C. 

1.25a. 

Thomas Finch Flton, 

Deputy Assistant Secretary for Transportation 

Policy. 

[FR Doc. 2021–01115 Filed 1–19–21; 8:45 am] 

BILLING CODE 4910–9X–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Renewal Without 

Change of Purchases of Bank Checks 

and Drafts, Cashier’s Checks, Money 

Orders, and Traveler’s Checks 

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, 

the regulations require recordkeeping 

for the issuance or sale of bank checks 

and drafts, cashier’s checks, money 

orders, and traveler’s checks when the 

issuance or sale involves the use of 

currency in an amount between $3,000 

and $10,000, inclusive. Although no 

changes are proposed to the information 

collection itself, this request for 

comments covers a future expansion of 

the scope of the annual hourly burden 

and cost estimate associated with these 

regulations. This request for comments 

is made pursuant to the Paperwork 

Reduction Act of 1995. 


jbell on DSKJLSW7X2PROD with NOTICES
6412 Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / 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. Section 6101 

of the Anti-Money Laundering Act of 2020 (‘‘the 

AML Act’’) added language further expanding the 

scope of the BSA but did not disturb these 

longstanding purposes. The AML Act is Division F 

of Pub. L. 116–283 (January 1, 2021). 

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

2020). 3 31 U.S.C. 5325. 

4 31 CFR 1010.415. This regulation was originally 

published in 1990 as 31 CFR 103.29. See 

Amendment to the Bank Secrecy Act Regulations 

Relating to Identification Required to Purchase 

Bank Checks and Drafts, Cashier’s Checks, Money 

Orders and Traveler’s Checks, 55 FR 20139 (May 

15, 1990). It was modified slightly in 1994. See 

Amendments to the Bank Secrecy Act Regulations 

Relating to Identification Required to Purchase 

Bank Checks and Drafts, Cashier’s Checks, Money 

Orders, and Traveler’s Checks, 59 FR 52250 

(October 17, 1994). 

5 Verification may be either through a signature 

card or other file or record at the financial 

institution provided the deposit accountholder’s 

name and address were verified previously and that 

information was recorded on the signature card or 

other file or record; or by examination of a 

document which is normally acceptable as a means 

of identification when cashing checks for 

nondepositors and which contains the name and 

address of the purchaser. If the deposit 

accountholder’s identity has not been verified 

previously, the financial institution may only verify 

the deposit accountholder’s identity by examination 

of a document which is normally acceptable within 

the banking community as a means of identification 

when cashing checks for nondepositors and which 

contains the name and address of the purchaser, 

and must also record the specific identifying 

information (e.g., State of issuance and number of 

driver’s license). 

DATES: Written comments are welcome, 

and must be received on or before 

March 22, 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–2021– 

0001 and the specific Office of 

Management and Budget (OMB) control 

number 1506–0057. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2021–0001 and OMB 

control number 1506–0057. 

Please submit comments by one 

method only. Comments will also be 

taken into account in FinCEN’s review 

of existing regulations, consistent with 

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) (Public Law 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

The BSA prohibits financial 

institutions from issuing any ‘‘bank 

check, cashier’s check, traveler’s check, 

or money order to any individual in 

connection with a transaction or group 

of such contemporaneous transactions 

which involves United States coins or 

currency (or such other monetary 

instruments as the Secretary may 

prescribe) in amounts or denominations 

of $3,000 or more’’ unless the individual 

either has a verified transaction account 

with the financial institution or 

furnishes the financial institution with 

the information required by regulations 

and that information is verified and 

recorded by the financial institution; 

financial institutions must record the 

method of account verification or the 

information required to be furnished.3

To implement these requirements, 

FinCEN issued a regulation requiring 

financial institutions to maintain 

records of the issuance or sale of bank 

checks and drafts, cashier’s checks, 

money orders, and traveler’s checks.4

The regulation on its face applies to all 

financial institutions as defined in 31 

CFR 1010.100(t). However, as a practical 

matter banks and money services 

businesses (MSBs) are the types of 

financial institutions most likely to be 

issuing or selling bank checks and 

drafts, cashier’s checks, money orders, 

and traveler’s checks. 

Under 31 CFR 1010.415, financial 

institutions are required to maintain 

records of certain information related to 

the issuance or sale of bank checks and 

drafts, cashier’s checks, money orders, 

and traveler’s checks when the issuance 

or sale involves currency between 

$3,000-$10,000, inclusive, to any 

individual purchaser of one or more of 

these instruments. Under 31 CFR 

1010.415(a)(1)(i), if the purchaser has a 

deposit account with the financial 

institution, the financial institution is 

required to maintain records of: (A) The 

name of the purchaser; (B) the date of 

purchase; (C) the type(s) of 

instrument(s) purchased; (D) the serial 

number(s) of each of the instrument(s) 

purchased; and (E) the amount in 

dollars of each of the instrument(s) 

purchased. Under 31 CFR 

1010.415(a)(1)(ii), the financial 

institution must also verify that the 

individual is a deposit accountholder or 

must verify the individual’s identity.5

Under 31 CFR 1010.415(a)(2)(i), if the 

purchaser does not have a deposit 

account with the financial institution, 

the financial institution must maintain 

a record of: (A) The name and address 

of the purchaser; (B) the social security 

number of the purchaser, or if the 

purchaser is an alien and does not have 

a social security number, the alien 

identification number; (C) the date of 

birth of the purchaser; (D) the date of 

the purchase; (E) the type(s) of 

instrument(s) purchased; (F) the serial 

number(s) of the instrument(s) 

purchased; and (G) the amount in 

dollars of each of the instrument(s) 

purchased. Under 31 CFR 

1010.415(a)(2)(ii), the financial 

institution must also verify the 

purchaser’s name and address by 

examination of a document which is 

normally acceptable as a means of 

identification when cashing checks for 

nondepositors and which contains the 

name and address of the purchaser, and 

must record the specific identifying 

information. 


jbell on DSKJLSW7X2PROD with NOTICES
Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices 6413 

6Public Law 104–13, 44 U.S.C. 3506(c)(2)(A). 

7Table 1 below sets forth a breakdown of the 

types of financial institutions covered by this 

notice. 8According to the Federal Deposit Insurance 

Corporation (FDIC) there were 5,103 FDIC-insured 

banks as of March 31, 2020. According to the 

Federal Reserve Board (FRB), there were 203 other 

entities supervised by the FRB, as of June 16, 2020, 

that fall within the definition of bank (20 Edge Act 

institutions, 15 agreement corporations (as defined 

in 12 CFR 28.2) and 168 foreign banking 

organizations). According to the National Credit 

Union Administration there were 5,236 federally 

regulated credit unions as of December 31, 2019. 

Approximately 297 state-chartered non-depository 

trust companies, 228 non-federally insured credit 

unions, 12 non-federally insured state-chartered 

banks and savings and loan or building and loan 

associations, 1 private bank, 52 international 

financial entities, and 29 international banking 

entities—all of which are required to implement 

written AML program as a result of a final rule 

issued on September 15, 2020 (85 FR 57129)—are 

also required to keep the records described in this 

notice. 

9This number is derived from self-reported 

information in MSB registrations submitted to 

FinCEN. FinCEN’s MSB registration database 

available at https://www.fincen.gov/msb-stateselector. 

10 Id. 

Under 31 CFR 1010.415(b), financial 

institutions must treat contemporaneous 

purchases of the same or different types 

of instruments totaling $3,000 or more 

as one purchase. Multiple purchases 

during one business day totaling $3,000 

or more must be treated as one purchase 

if an individual employee, director, 

officer, or partner of the financial 

institution has knowledge that these 

purchases have occurred. 

Under 31 CFR 1010.415(c), financial 

institutions must retain all required 

records for a period of five years and 

make those records available to the 

Secretary upon request at any time. 

II. Paperwork Reduction Act of 1995 

(PRA) 6

Title: Purchases of bank checks and 

drafts, cashier’s checks, money orders, 

and traveler’s checks (31 CFR 1010.415). 

OMB Control Number: 1506–0057. 

Report Number: Not applicable. 

Abstract: FinCEN is issuing this 

notice to renew the OMB control 

number for the recordkeeping 

requirement for the issuance or sale of 

bank checks and drafts, cashier’s 

checks, money orders, and traveler’s 

checks when the issuance or sale 

involves the use currency in an amount 

between $3,000 and 10,000, inclusive. 

Affected Public: Businesses or other 

for-profit institutions, and non-profit 

institutions. 

Type of Review: 

• Renewal without change of a 

currently approved information 

collection. 

• Propose for review and comment a 

renewal of the portion of the PRA 

burden that has been subject to notice 

and comment in the past (the 

‘‘traditional annual PRA burden’’). 

• Propose for review and comment a 

future expansion of the scope of the 

PRA burden (the ‘‘future annual PRA 

burden’’). 

Frequency: As required. 

Estimated Number of Respondents: 

15,677 financial institutions.7

Estimated Recordkeeping Burden: 

117,579 burden hours. 

Part 1 of this notice describes the 

breakdown of the estimated number of 

financial institutions, by type. Part 2 

proposes for review and comment a 

renewal of the estimate of the traditional 

annual PRA hourly burden, which 

includes a scope and methodology 

similar to the estimate used in the past, 

with the incorporation of a more robust 

cost estimate. The scope and 

methodology used in the past was 

limited to an estimate of the burden of 

the overall regulation and did not assign 

or categorize burden estimates 

according to the specific steps to create 

and maintain records for issuances or 

sales of bank checks and drafts, 

cashier’s checks, money orders, and 

traveler’s checks between $3,000– 

$10,000, inclusive, to deposit 

accountholders or other customers. Part 

3 of this notice proposes for review and 

comment a methodology for a future 

estimate of an annual PRA burden. The 

estimate would include the PRA hourly 

burden and cost of creating and 

maintaining records related to issuances 

or sales of bank checks and drafts, 

cashier’s checks, money orders, and 

traveler’s checks between $3,000 and 

10,000, based on estimates of the 

volume of these instruments issued or 

sold, the number of depository 

accountholder or other customers 

purchasing these instruments per year, 

and the average time to verify the 

identity of depository accountholder 

and other customers. Finally, Part 4 

solicits input from the public about: (a) 

The accuracy of the traditional annual 

PRA burden estimate; (b) the more 

granular calculation needed to establish 

a future annual PRA burden; (c) the 

criteria, metrics, and most appropriate 

questions FinCEN should consider 

when conducting research to obtain the 

information on which to base an 

estimate of the future annual PRA 

burden; and (d) any other comments 

about the regulations and the current 

and proposed future hourly burden and 

cost estimates of these requirements. 

Part 1. Breakdown of the Financial 

Institutions Covered by This Notice 

The breakdown of financial 

institutions, by type, covered by this 

notice is reflected in Table 1 below: 

TABLE 1—BREAKDOWN OF FINANCIAL INSTITUTIONS COVERED BY THIS NOTICE, BY TYPE OF FINANCIAL INSTITUTION

Type of financial institution 

Number of 

financial 

institutions 

Banks ................................................................................................................................................................................................... 8 11,161 

Issuers/Sellers of Money Orders ......................................................................................................................................................... 9 4,353 

Issuers/Sellers of Traveler’s Checks ................................................................................................................................................... 10 163 

Total Number of Financial Institutions ............................................................................................................................................. 15,677 

Part 2. Traditional Annual PRA Burden 

and Cost 

The scope of the traditional annual 

PRA burden and cost estimates in this 

renewal encompasses all of the 

recordkeeping requirements for the 

issuance or sale of bank checks and 

drafts, cashier’s checks, money orders, 

and traveler’s checks between $3,000– 

$10,000, inclusive. FinCEN continues to 

estimate the annual hourly burden of 

creating and maintaining records for the 

issuance or sale of bank checks and 

drafts, cashier’s checks, money orders, 

or traveler’s checks to individual 

purchasers when the sale involves 

currency between $3,000–$10,000, 

inclusive, at seven and a half hours per 

covered financial institution, 

irrespective of the volume of such 

transactions. This estimate covers the 

burden of (i) verifying the identity of 

depository accountholder and other 


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6414 Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices 

11Some of this estimated burden, particularly 

with respect to depository customers of a bank, may 

duplicate burden estimated in connection with a 

bank’s compliance with its ordinary customer 

identification program obligations under 31 CFR 

1020.220. FinCEN plans to take this other burden 

into account in future estimates. 

12The 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/news.release/ecec.nr0.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. 

13By ‘‘in general,’’ FinCEN means without regard 

to outliers. By ‘‘on average,’’ FinCEN means the 

mean of the distribution of each subset of the 

population. 

14See Table 2. 

15See Table 4. 

customers purchasing bank checks and 

drafts, cashier’s checks, money orders, 

or traveler’s checks when the issuance 

or sale involves currency between 

$3,000-$10,000, inclusive, and (ii) 

creating and maintaining records of 

certain information for a minimum of 

five years to be made available to the 

Secretary upon request.11

The estimated burden associated with 

each portion of the traditional annual 

PRA estimate is as follows: 

TABLE 2—BURDEN ASSOCIATED WITH MAINTAINING RECORDKEEPING REQUIREMENTS FOR ISSUANCE/SALE OF BANK

CHECKS AND DRAFTS, CASHIER’S CHECKS, MONEY ORDERS, OR TRAVELER’S CHECKS

Type of financial institution 

Number of 

financial 

institutions 

Time per financial institution Total burden 

hours 

Banks ............................................................................ 11,161 7.5 hour ........................................................................ 83,708 

Issuers/Sellers of Money Orders .................................. 4,353 7.5 hour ........................................................................ 32,648 

Issuers/Sellers of Travel Checks .................................. 163 7.5 hour ........................................................................ 1,223 

Total Burden Hours ............................................... ........................ ....................................................................................... 117,579 

To calculate the hourly costs of the 

burden estimate, FinCEN identified two 

roles and corresponding staff positions 

involved in verifying documentation 

and maintaining records for the 

issuance or sale of bank checks and 

drafts, cashier’s checks, money orders 

and traveler’s checks between $3,000- 

$10,000, inclusive: (i) Direct supervision 

(reviewing operational-level work and 

cross-checking all or a sample of the 

work product against supporting 

documentation) and (ii) clerical work 

(engaging in verification and 

recordkeeping). 

FinCEN calculated the fully-loaded 

hourly wage for each of these two roles 

by using the median wage estimated by 

the U.S. Bureau of Labor Statistics 

(BLS),12 and computing an additional 

benefits cost as follows: 

TABLE 3—FULLY-LOADED HOURLY WAGE BY ROLE AND BLS JOB POSITION FOR ALL FINANCIAL INSTITUTIONS COVERED

BY THIS NOTICE

Role BLS-Code BLS-Name Median hourly 

wage Benefit factor Fully-loaded hourly wage 

Direct supervision ............................. 13–1041 Compliance Officer ........................... $33.20 1.50 $49.80 

Clerical work (research, review, and 

recordkeeping).

43–3099 Financial Clerk ................................. 20.40 1.50 30.60 

FinCEN estimates that, in general and 

on average,13 each role would spend 

different amounts of time on each 

portion of the traditional annual PRA 

burden. For verifying the identity of the 

purchaser and maintaining the 

recordkeeping requirement, the 

estimated cost of the hourly burden is 

$33.00, per the calculations in Table 4 

below: 

TABLE 4—WEIGHTED AVERAGE HOURLY COST OF MAINTAINING RECORDKEEPING REQUIREMENTS

Direct supervision Clerical work Weighted average hourly 

cost % time Hourly cost % time Hourly cost 

10% $4.98 90% $27.54 * $33.00 

(*) $32.52 rounded to $33.00. 

The total estimated cost of the 

traditional annual PRA burden is 

$3,880,107 as reflected in Table 5 

below: 


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Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices 6415 

16Net hourly burden and cost are the burden and 

cost a financial institution incurs to comply with 

requirements that are unique to the BSA, and that 

do not support any other business purpose or 

regulatory obligation of the financial institution. 

Burden for purposes of the PRA does not include 

the time and financial resources needed to comply 

with an information collection, if the time and 

resources are for things a business (or other person) 

does in the ordinary course of its activities if the 

agency demonstrates that the reporting activities 

needed to comply are usual and customary. 5 CFR 

1320.3(b)(2). 

TABLE 5—TOTAL COST OF TRADITIONAL ANNUAL PRA BURDEN

Steps Hourly burden Hourly cost Total cost 

Verifying and maintaining records (divided between the roles listed in Table 4) ....................... 14 117,579 15 $33 $3,880,107 

Total Cost ............................................................................................................................. ........................ ........................ $3,880,107 

Part 3. Future Annual PRA Burden 

In the future, FinCEN intends to be 

more granular in estimating the annual 

PRA burden, by including the estimated 

hourly burden and cost behind the 

individual steps required to maintain 

records for the issuance or sale of bank 

checks and drafts, cashier’s checks, 

money orders, and traveler’s checks 

between $3,000-$10,000, inclusive, to 

depository accountholder and other 

customers. In particular, FinCEN seeks 

to include in this calculation the 

number of these instruments issued or 

sold per financial institution annually, 

the number of depository accountholder 

and other customers purchasing these 

instruments per year, and the average 

time per financial institution to verify 

the identity of depository accountholder 

and other customers. FinCEN does not 

have the information to estimate the 

annual number of instruments issued or 

sold to depository accountholder and 

other customers that trigger the 

recordkeeping requirements being 

renewed in this notice. For that reason, 

FinCEN is relying on estimates used in 

prior renewals of this OMB control 

number and the applicable regulations. 

FinCEN further recognizes that after 

receiving public comments as a result of 

this notice, future traditional annual 

PRA hourly burden and cost estimates 

may vary significantly from those 

contained in this document. FinCEN 

intends to conduct more granular 

studies of the actions included in the 

proposed scope of the annual PRA 

burden in the near future, to arrive at 

more accurate estimates of net BSA 

hourly burden and cost.16 The data 

obtained in these studies also may result 

in a significant change from the 

estimated traditional annual PRA 

burden. 

Estimated Recordkeeping Burden: The 

average estimated annual PRA burden, 

measured in hours per respondent, is 

seven and a half hours. 

Estimated Number of Respondents: 

15,677, as set out in Table 1. 

Estimated Total Annual 

Recordkeeping Burden: The estimated 

total annual PRA burden is 117,579 

hours, as set out in Table 2. 

Estimated Total Annual 

Recordkeeping Cost: The estimated total 

annual PRA cost is $3,880,107, as set 

out in Table 5. 

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. 

Part 4. Request for Comments 

(a) Specific Request for Comments on 

the Traditional Annual PRA Hourly 

Burden and Cost 

FinCEN invites comments on any 

aspect of the traditional annual PRA 

burden, as set out in Part 2 of this 

notice. In particular, FinCEN seeks 

comments on the adequacy of: (i) 

FinCEN’s assumptions underlying its 

burden estimate; (ii) the estimated 

number of hours required by each 

portion of the burden; and (iii) the 

organizational roles of the financial 

institution engaged in each portion of 

the burden, the roles’ estimated hourly 

remuneration, and the estimated 

proportion of time spent by each role on 

the requirements. FinCEN encourages 

commenters to include any publicly 

available sources for alternative 

estimates or methodologies. 

(b) Specific Request for Comments on 

the Proposed Criteria for Determining 

the Scope of a Future Annual PRA 

Hourly Burden and Cost Estimate 

FinCEN invites comments on any 

aspect of the criteria for an estimate of 

the future annual PRA burden, as set out 

in Part 3 of this notice. 

(c) Specific Request for Comments on 

the Appropriate Criteria, Methodology, 

and Questionnaire Required To Obtain 

Information to More Precisely Estimate 

the Future Annual PRA Hourly Burden 

and Cost 

FinCEN invites comments on the most 

appropriate and comprehensive means 

to question financial institutions about 

the annual hourly burden and cost 

attributable solely to creating and 

maintaining records for the issuance or 

sale of bank checks and drafts, cashier’s 

checks, money orders and traveler’s 

checks between $3,000-$10,000, 

inclusive (i.e., the hourly burden and 

cost of complying with the 

recordkeeping requirements imposed 

exclusively by the BSA; the volume of 

these instruments issued or sold; the 

number of depository accountholder 

and other customers purchasing these 

instruments per year; and the average 

time to verify the identity of depository 

accountholder and other customers). 

The future annual PRA hourly burden 

and cost estimate of the recordkeeping 

necessary to comply with maintaining 

records for issuance or sale of bank 

checks and drafts, cashier’s checks, 

money orders and traveler’s checks 

between $3,000-$10,000, inclusive, to 

any individual purchaser must take into 

consideration only the effort involved in 

obtaining those data elements that are 

used exclusively for complying with 

requirements under 31 CFR 1010.415. 

FinCEN seeks comments from the 

public regarding any questions we 

should consider posing in future 

notices, in addition to the specific 

questions for comment outlined directly 

below. Also, due to the evident 

difficulty involved in estimating the 

volume of bank checks and drafts, 

cashier’s checks, money orders and 

traveler’s checks issued or sold that 

involve currency between $3,000- 

$10,000, inclusive, the annual number 

of depository accountholder and other 

customers purchasing these 

instruments, and the average time to 

verify the identity of depository 

accountholder and other customers, 

FinCEN welcomes any suggestions as to 

how to derive these estimates by using 

publicly available financial information. 


jbell on DSKJLSW7X2PROD with NOTICES
6416 Federal Register / Vol. 86, No. 12 / Thursday, January 21, 2021 / Notices 

(d) Specific Questions for Comment 

Associated With Recordkeeping 

Requirements for Issuance or Sale of 

Bank Checks and Drafts, Cashier’s 

Checks, Money Orders and Traveler’s 

Checks That Involve Currency Between 

$3,000-$10,000, Inclusive, by 

Depository Accountholder and Other 

Customers 

• Annually, on average, how often 

does your financial institution issue or 

sell bank checks and drafts, cashier’s 

checks, money orders, or traveler’s 

checks that involve currency between 

$3,000-$10,000, inclusive? 

• On average, how long does it take 

your institution to create a record for the 

issuance or sale of bank checks and 

drafts, cashier’s checks, money orders, 

or traveler’s checks that involve 

currency between $3,000-$10,000, 

inclusive? 

• On average, what is the cost to 

maintain records of the issuance or sale 

of bank checks and drafts, cashier’s 

checks, money orders, or traveler’s 

checks that involve currency between 

$3,000-$10,000, inclusive? 

• On average, what is the amount of 

time and cost to verify and maintain a 

record for depository customers that 

purchase bank checks and drafts, 

cashier’s checks, money orders, or 

traveler’s checks that involve currency 

between $3,000-$10,000, inclusive, for a 

period of five years? 

• On average, what is the amount of 

time and cost to verify and maintain a 

record for customers who do not hold 

depository accounts that purchase bank 

checks and drafts, cashier’s checks, 

money orders, or traveler’s checks that 

involve currency between $3,000- 

$10,000, inclusive, for a period of five 

years? 

(e) 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. 

Kenneth A. Blanco, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2021–01187 Filed 1–19–21; 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 individuals 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 

individuals blocked, and U.S. persons 

are generally prohibited from engaging 

in transactions with them. 

DATES: See SUPPLEMENTARY INFORMATION

section for effective date(s). 

FOR FURTHER INFORMATION CONTACT: 

OFAC: Andrea Gacki, Director, tel.: 

202–622–2480; 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; or Assistant Director 

for Regulatory Affairs, tel.: 202–622– 

4855. 

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 (https://www.treasury.gov/ofac). 

Notice of OFAC Actions 

On December 30, 2020 OFAC 

determined that the property and 

interests in property subject to U.S. 

jurisdiction of the following individuals 

are blocked under the relevant sanctions 

authority listed below. 

Individuals 

1. CORNIELLES RUIZ, Lorena 

Carolina, Coche Miguel Otero Silva 

Vereda 80, Casa 3, Caracas, Venezuela; 

DOB 03 Jul 1988; nationality Venezuela; 

Gender Female; Cedula No. V–18967792 

(Venezuela) (individual) [VENEZUELA]. 

Designated pursuant to section 

1(a)(ii)(C) of E.O. 13692, as amended by 

E.O. 13857, for being a current or former 

official of the Government of Venezuela. 

2. TORRES ESPINOZA, Ramon 

Antonio, Castillejo Principal del Portico 

0301, Guatire, Venezuela; DOB 13 Sep 

1968; nationality Venezuela; Gender 

Male; Cedula No. V–6303894 

(Venezuela) (individual) [VENEZUELA]. 

Designated pursuant to section 

1(a)(ii)(C) of E.O. 13692, as amended by 

E.O. 13857, for being a current or former 

official of the Government of Venezuela. 

Dated: December 30, 2020. 

Bradley T. Smith, 

Deputy Director, Office of Foreign Assets 

Control, Department of the Treasury. 

[FR Doc. 2020–29153 Filed 1–19–21; 8:45 am] 

BILLING CODE 4810–AL–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Regulation Project 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: The Internal Revenue Service 

(IRS), 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 information 

collections, as required by the 

Paperwork Reduction Act of 1995. The 

IRS is soliciting comments concerning 

Diesel Fuel and Kerosene Excise Tax; 

Dye Injection. 

DATES: Written comments should be 

received on or before March 22, 2021 to 

be assured of consideration. 

ADDRESSES: Direct all written comments 

to Kinna Brewington, Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224. 

FOR FURTHER INFORMATION CONTACT: 

Requests for additional information or 

copies of the regulations should be 

directed to Sara Covington, at (737) 

800–6149 or at Internal Revenue 

Service, Room 6526, 1111 Constitution 

Avenue NW, Washington, DC 20224, or 

through the internet at 

Sara.L.Covington@irs.gov. 

SUPPLEMENTARY INFORMATION: 

Title: Diesel Fuel and Kerosene Excise 

Tax; Dye Injection. 

OMB Number: 1545–1418. 

Regulation Project Number: T.D. 9199. 

Abstract: In order for diesel fuel and 

kerosene that is used in a nontaxable 


jbell on DSKJLSW7X2PROD with NOTICES