Federal Register / Vol. 83, No. 139 / Thursday, July 19, 2018 / Notices 34299 

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, 

Public Law 107–56. 

2This is a renewal without change of a current 

program. The annual update to a financial 

institutions’ AML program is one (1) hour. 

insurance companies and non-bank 

residential mortgage lenders and 

originators to develop and implement 

written anti-money laundering programs 

reasonably designed to prevent those 

financial institutions from being used to 

facilitate money laundering and the 

financing of terrorist activities. 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 

September 17, 2018. 

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– 

0004 and OMB control number 1506– 

0035. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0004 and OMB 

control number 1506–0035. 

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– 

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 counter-money laundering 

programs and compliance procedures.1

Regulations implementing Title II of 

the BSA appear at 31 CFR Chapter X. 

The authority of the Secretary of the 

Treasury to administer the BSA has 

been delegated to the Director of 

FinCEN. 

The information collected and 

retained under the regulations 

addressed in this notice assists Federal, 

state, and local law enforcement as well 

as regulatory authorities in the 

identification, investigation, and 

prosecution of money laundering and 

other matters. In accordance with the 

requirements of the PRA, 44 U.S.C. 

3506(c)(2)(A), and its implementing 

regulations, the following information is 

presented concerning the recordkeeping 

requirements listed below. 

Title: Anti-money laundering 

programs for insurance companies, 31 

CFR 1025.210 and non-bank residential 

mortgage lenders and originators, 31 

CFR 1029.210. 

Office of Management and Budget 

(‘‘OMB’’) Control Number: 1506–0035. 

Abstract: Insurance companies and 

non-bank residential mortgage lenders 

and originators are required to establish 

and maintain written anti-money 

laundering programs. A copy of the 

written program must be maintained for 

five years. 

Current Action: Renewal without 

change of current regulations. 

Type of Review: Renewal of a 

currently approved information 

collection. 

Affected Public: Businesses and other 

for-profit institutions. 

Estimated Number of Respondents: 

1,200 Insurance Companies and 31,000 

Non-Bank Residential Mortgage Lender 

and Originators. 

Estimated Number of Responses: 

1,200 Insurance Companies and 31,000 

Non-Bank Residential Mortgage Lender 

and Originators. 

Estimated Number of Hours: 1,200 

Insurance Companies and 31,000 NonBank Residential Mortgage Lender and 

Originators.2

Total Estimated Burden Hours: 

32,200. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

unless it 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. 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2018–15401 Filed 7–18–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Proposed Collection; Comment 

Request; Renewal Without Change of 

the Registration of Money Services 

Business, Regulation and FinCEN 

Form 107 

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 comment on a 

renewal without change to a currently 

approved information collection 

contained in 31 CFR 1022.380 and the 

Registration of Money Services Business 

report, FinCEN Form 107. The form will 

be used by currency dealers or 

exchangers; check cashers; issuers of 

traveler’s checks, money orders or 

prepaid access; sellers of traveler’s 

checks, money orders or prepaid access; 

redeemers of traveler’s checks, money 

orders or prepaid access; 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 

September 17, 2018 to be assured of 

consideration. 


sradovich on DSK3GMQ082PROD with NOTICES
34300 Federal Register / Vol. 83, No. 139 / Thursday, July 19, 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, 

Public Law 107–56. 

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– 

0005 and the specific OMB control 

number 1506–0013. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0005 and the 

specific OMB control number 1506– 

0013. 

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. 5311–5332, 

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 counterintelligence activities to protect against 

international terrorism, and to 

implement counter-money laundering 

programs and compliance procedures.1

Regulations implementing Title II of 

the BSA appear at 31 CFR Chapter X. 

The authority of the Secretary of the 

Treasury to administer the BSA has 

been delegated to the Director of 

FinCEN. 

The information collected and 

retained under the regulations 

addressed in this notice assists Federal, 

state, and local law enforcement as well 

as regulatory authorities in the 

identification, investigation, and 

prosecution of money laundering and 

other matters. In accordance with the 

requirements of the PRA, 44 U.S.C. 

3506(c)(2)(A), and its implementing 

regulations, the following information is 

presented concerning the recordkeeping 

requirements listed below. 

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, among other things, 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: Business or other forprofit 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. 

Jamal El-Hindi, 

Deputy Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2018–15399 Filed 7–18–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Proposed Information Collection; 

Comment Request; Renewal Without 

Change of Bank Secrecy Act 

Suspicious Activity Reporting NonBank Requirement for Residential 

Mortgage Lenders and Originators 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), U.S. Department 

of the Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN, a bureau of the U.S. 

Department of the Treasury 

(‘‘Treasury’’), invites all interested 

parties to comment on its proposed 

renewal without change of the Bank 

Secrecy Act (‘‘BSA’’) Suspicious 

Activity Reporting regulatory 

requirements for residential mortgage 

lenders and originators. FinCEN intends 

to submit this requirement for approval 

by the Office of Management and 

Budget (‘‘OMB’’) of a three-year renewal 

of Control Number 1506–0061. This 

request for comments is made pursuant 

to the Paperwork Reduction Act 

(‘‘PRA’’) of 1995. 

DATES: Written comments should be 

received on or before September 17, 

2018 to be assured of consideration. 


sradovich on DSK3GMQ082PROD with NOTICES