42558 Federal Register / Vol. 83, No. 163 / Wednesday, August 22, 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. 

2The term MSB includes dealer in foreign 

exchange, check casher, issuer or seller of traveler’s 

checks or money orders, provider of prepaid access, 

money transmitter, U.S. Postal Service, and seller 

of prepaid access. See 31 CFR 1010.100(ff). 

3 In addition to maintaining an AML program, 

providers and sellers of prepaid access are required 

to collect and maintain the customer’s name, date 

of birth, address, and identification number for five 

years. This collection is automated. FinCEN 

estimates that approximately 2,583,300 prepaid 

cards are issued annually. See 31 CFR 

1022.210(d)(iv). 

4See supra note 3. 

5 2,583,300 prepaid cards multiplied by 2 minutes 

per card and converted to hours equals 86,100 

hours. 

6 (324,100 + 300 + 6 + 86,110 = 413,216). 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Agency Information Collection 

Activities; Proposed Renewal; 

Comment Request; Renewal Without 

Change of Anti-Money Laundering 

Programs for Money Services 

Businesses, Mutual Funds, and 

Operators of Credit Card Systems 

AGENCY: Financial Crimes Enforcement 

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

of the Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN invites comment on 

the renewal of information collections 

in existing regulations requiring money 

services businesses (‘‘MSBs’’), mutual 

funds, and operators of credit card 

systems 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, Public Law 104– 

13, 44 U.S.C. 3506(c)(2)(A). 

DATES: Written comments are welcome 

and must be received on or before 

October 22, 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– 

0010 and the Office of Management and 

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

0020. 

• Mail: Policy Division, Financial 

Crimes Enforcement Network, P.O. Box 

39, Vienna, VA 22183. Refer to Docket 

Number FINCEN–2018–0010 and OMB 

control number 1506–0020. 

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. et seq., 

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

Title III of the USA Patriot Act of 2001, 

Public Law 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. 

In accordance with the requirements 

of the PRA and its implementing 

regulations, the following information is 

presented concerning the information 

collection below. 

Title: Anti-Money Laundering 

Programs for MSBs (31 CFR 1022.210),2

Mutual Funds (31 CFR 1024.210), and 

Operators of Credit Card Systems (31 

CFR 1028.210). 

OMB Control Number: 1506–0020. 

Abstract: MSBs, mutual funds, and 

operators of credit card systems are 

required to develop and implement 

written anti-money laundering 

programs. FinCEN recognizes a three 

hour burden for the initial development 

of an AML program. FinCEN further 

estimates an annual burden of one hour 

for maintenance of the program (i.e., 

review and update as necessary). A copy 

of the written program must be 

maintained for five years. In view of the 

additional information providers and 

sellers of prepaid access (a type of MSB) 

are required to collect and maintain to 

verify identity under their AML 

program regulations, and the degree of 

automation available to them, FinCEN 

estimates an additional annual 

maintenance burden of two minutes for 

each prepaid card issued for this MSB 

subset.3

Current Action: Renewal without 

change to existing regulations. 

Type of Review: Renewal without 

change of a currently approved 

information collection. 

Affected Public: Businesses and other 

for-profit institutions. 

Burden: 

Estimated Number of Respondents: 

327,106 broken out as follows: 

• MSBs: 31 CFR 1022.210 = 324,100 

• Mutual Funds: 31 CFR 1024.210 = 

3,000 

• Operators of Credit Card Systems: 31 

CFR 1028.120 = 6 

Estimated Annual Responses: 

2,910,406 broken out as follows: 

• MSBs (AML Programs): 31 CFR 

1022.210 = 324,100 

• MSBs (Prepaid Cards—Customer 

Identity Verification): 31 CFR 

1022.210(d)(iv) = 2,583,300 4

• Mutual Funds (AML Program): 31 

CFR 1024.210 = 3,000 

• Operators of Credit Card Systems 

(AML Program): 31 CFR 1028.210 = 6 

AML Program-Related Hourly 

Burdens, Estimated at One Hour per 

Respondent: 

• MSBs (AML Programs): 31 CFR 

1022.210 = 324,100 

• Mutual Funds: 31 CFR 1024.210 = 

3,000 

• Operators of Credit Card Systems: 31 

CFR 1028.210 = 6 

Prepaid Card-Related Hourly Burden: 

• MSBs (Prepaid Cards—Customer 

Identity Verification): 31 CFR 

1022.210(d)(iv) = 86,110.5

Estimated Total Number of Burden 

Hours: 413,216.6

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 


amozie on DSK3GDR082PROD with NOTICES1
Federal Register / Vol. 83, No. 163 / Wednesday, August 22, 2018 / Notices 42559 

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. 2018–18078 Filed 8–21–18; 8:45 am] 

BILLING CODE 4810–02–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Open Meeting of the Taxpayer 

Advocacy Panel Special Projects 

Committee; Correction 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice of meeting; correction. 

SUMMARY: In the Federal Register notice 

that was originally published on August 

9, 2018, (Volume 83, Number 154, Page 

39511) the meeting date has been 

corrected. The date of the meeting is: 

Wednesday, September 12, 2018 and 

Wednesday, September 19, 2018. 

DATES: The meeting will be held 

Wednesday, September 19, 2018. 

FOR FURTHER INFORMATION CONTACT: 

Matthew O’Sullivan at 1–888–912–1227 

or (510) 907–5274. 

SUPPLEMENTARY INFORMATION: Notice is 

hereby given pursuant to Section 

10(a)(2) of the Federal Advisory 

Committee Act, 5 U.S.C. App. (1988) 

that a meeting of the Taxpayer 

Advocacy Panel Special Projects 

Committee will be held Wednesday, 

September 19, 2018, at 2:00 p.m. Eastern 

Time via teleconference. The public is 

invited to make oral comments or 

submit written statements for 

consideration. Due to limited 

conference lines, notification of intent 

to participate must be made with 

Matthew O’Sullivan. For more 

information please contact Matthew 

O’Sullivan at 1–888–912–1227 or (510) 

907–5274, or write TAP Office, 1301 

Clay Street, Oakland, CA 94612–5217 or 

contact us at the website: http://

www.improveirs.org. The agenda will 

include various IRS issues. 

The agenda will include a discussion 

on various special topics with IRS 

processes. 

Dated: August 15, 2018. 

Antoinette Ross, 

Acting Director, Taxpayer Advocacy Panel. 

[FR Doc. 2018–18134 Filed 8–21–18; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Internal Revenue Service 

Proposed Collection; Comment 

Request for Forms 990, 990 EZ SCH B 

(BR), (BR), 990–EZ SCH L (LP), 990–EZ, 

990–PF, 990–SCH B, 990–C, 990–EZ, 

990–EZ (BR), 990–N, OR 990–EZ (SCH 

A), 990–EZ (SCH C), 990–EZ (SCH E), 

990–EZ (SCH G), 990–EZ (SCH L), 990– 

EZ (SCH N), 990–EZ (SCH N–1), 990–EZ 

(SCH O), 990–EZ(SCH O)(BR), 990–PF. 

990–PF (BR), 990–SCH A (BR), 990– 

SCH D, 990–SCH D (BR), 990–SCH F, 

990–SCH F–1, 990–SCH H, 990–SCH I, 

990–SCH I (BR), 990–SCH I–1, 990– 

SCH J, 990–SCH J (BR), 990–SCH J–1, 

990–SCH J–2, 990–SCH K, 990–SCH M, 

990–SCH R, 990–SCH R (BR), 990–SCH 

R–1, 990–T, 990–T SCH M, 990–T (BR), 

990–W, 1023, 990–(BR), 990–I, 1024, 

1028, 1028–BR, 5578, 5884 C, 8038, 

8038 B, 8038 CP, 8030 G, 8038 GC, 

8038 R, 8038 T 8038 TC, 8328, 8718, 

8282, 8453–E.O., 8453–X, 8868, 8868– 

(BR), 8870, 8871, 8872, 8879–E.O., 

8886–T, 8899 

AGENCY: Internal Revenue Service (IRS), 

Treasury. 

ACTION: Notice and request for 

comments. 

The Internal Revenue Service, 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 proposed 

and continuing information collections, 

as required by the Paperwork Reduction 

Act of 1995 (PRA). This notice requests 

comments on all forms used by taxexempt organizations: 

Forms 

• 990, 990(BR), 990 EZ SCH B (BR), 

990–EZ SCH L (LP), 990–EZ, 990–PF, 

990–SCH B, 990–C, 990–EZ, 990–EZ 

(BR), 990–N, OR 990–EZ (SCH A), 990– 

EZ (SCH C), 990–EZ (SCH E), 990–EZ 

(SCH G), 990–EZ (SCH L), 990–EZ (SCH 

N), 990–EZ (SCH N–1), 990–EZ (SCH 

O), 990–EZ(SCH O)(BR), 990–PF. 990– 

PF (BR), 990–SCH A (BR), 990–SCH D, 

990–SCH D (BR), 990–SCH F, 990–SCH 

F–1, 990–SCH H, 990–SCH I, 990–SCH 

I (BR), 990–SCH I–1, 990–SCH J, 990– 

SCH J (BR), 990–SCH J–1, 990–SCH J– 

2, 990–SCH K, 990–SCH M, 990–SCH R, 

990–SCH R (BR), 990–SCH R–1, 990–T, 

990–T SCH M, 990–T (BR), 990–W, 

1023, 990–(BR), 990–I, 1024, 1028, 

1028–BR, 5578, 5884 C, 8038, 8038 B, 

8038 CP, 8030 G, 8038 GC, 8038 R, 8038 

T, 8038 TC, 8282, 8328, 8453–E.O., 

8453–X, 8718, 8868, 8868–(BR), 8870, 

8871, 8872, 8879–E.O., 8886–T, 8899 

and all attachments to these forms (see 

the Appendix A to this notice). With 

this notice, the IRS is also announcing 

significant changes to (1) the manner in 

which tax forms used by tax-exempt 

organizations will be approved under 

the PRA and (2) its method of estimating 

the paperwork burden imposed on all 

tax-exempt organizations. 

Related Internal Revenue Service and 

The Department of Treasury Guidance 

EE–111–80 (TD 8019—Final) Public 

Inspection of Exempt Organization 

Return 

TD 8033 (TEMP) Tax Exempt Entity 

Leasing (REG–209274–85) 

Revenue Procedure 98–19, Exceptions 

to the notice and reporting 

requirements of section 6033(e)(1) and 

the tax imposed by section 6033(e)(2) 

REG–246256–96 (Final TD 8978) Excise 

Taxes on Excess Benefit Transactions 

T.D. 8861, Private Foundation 

Disclosure Rules 

Notice 2006–109—Interim Guidance 

Regarding Supporting Organizations 

and Donor Advised Funds 

Disclosure by taxable party to the taxexempt entity 

Reinstatement and Retroactive 

Reinstatement for Reasonable Cause 

(Rev. Proc. 2014–11) and Transitional 

Relief for Small Organizations (Notice 

2011–43) under IRC § 6033(j) 

TD 8086—Election for $10 Million 

Limitation on Exempt Small Issues of 

Industrial Development Bonds; 

Supplemental Capital Expenditure 

Statements (LR–185–84 Final) 

Arbitrage Restrictions and Guidance on 

Issue Price Definition for Tax Exempt 

Bonds 


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