[Federal Register Volume 89, Number 210 (Wednesday, October 30, 2024)]
[Notices]
[Pages 86412-86414]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-25231]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple FinCEN Information Collection 
Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of Information Collection; request for comment.

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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 November 29, 2024 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/

[[Page 86413]]

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 Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#fbaba9babb8f899e9a888e8982d59c948d"><span class="__cf_email__" data-cfemail="b8e8eaf9f8cccaddd9cbcdcac196dfd7ce">[email protected]</span></a>, calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Financial Crimes Enforcement Network (FinCEN)

    1. Title: Transactions of Exempt Persons Regulations, and FinCEN 
Form 110, Designation of Exempt Persons (DOEP) Report.
    OMB Control Number: 1506-0012.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Under 31 U.S.C. 5313, the Secretary is authorized to 
require financial institutions to report certain currency transactions. 
Regulations implementing 31 U.S.C. 5313 are found at 31 CFR 1010.310 
through 1010.314, 1021.311, and 1021.313. The Money Laundering 
Suppression Act of 1994 amended the BSA to create certain mandatory 
exemptions applicable to banks from the requirement for financial 
institutions to file currency transaction reports (CTRs), and to give 
the Secretary authority to create additional such exemptions. 
Regulations implementing this exemption authority, including by 
requiring the collection of information on FinCEN Form 110, Designation 
of Exempt Person (DOEP Report), are found at 31 CFR 1020.315.
    Form: FinCEN Form 110.
    Affected Public: Banks.
    Estimated Number of Respondents: 10,062.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 15,105.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 15,105.
    2. Title: Anti-Money Laundering Program Requirements for Casinos.
    OMB Control Number: 1506-0051.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Pursuant to 31 U.S.C. 5318(h)(1), financial 
institutions must establish AML/CFT programs to guard against money 
laundering and the financing of terrorism. Such programs must include, 
at a minimum: (a) the development of internal policies, procedures, and 
controls; (b) the designation of a compliance officer; (c) an ongoing 
employee training program; and (d) an independent audit function to 
test programs. On March 12, 1993, FinCEN issued regulations, under 
separate statutory authority codified at 31 U.S.C. 5318(a)(2), 
requiring casinos to develop and implement written BSA compliance 
programs. FinCEN subsequently amended those regulations after passage 
of the USA PATRIOT Act to state that a casino would be ``deemed to 
satisfy the requirements of 31 U.S.C. 5318(h)(1) if it implements and 
maintains'' an AML program, as described in'' 31 CFR 1021.210(b).
    Form: None.
    Affected Public: Casinos.
    Estimated Number of Respondents: 1,277.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 1,277.
    Estimated Time per Response: 100 hours and 10 minutes.
    Estimated Total Annual Burden Hours: 127,912.
    3. Title: Regulations Requiring Additional Records to be Made and 
Retained by Dealers in Foreign Exchange (31 CFR 1022.410).
    OMB Control Number: 1506-0052.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Pursuant to 31 CFR 1022.410(a), a dealer in foreign 
exchange must secure and maintain a record of the taxpayer 
identification number of certain persons for whom a transaction account 
is opened or a line of credit is extended. The taxpayer identification 
number must be obtained and recorded within 30 days of the date the 
account is opened or credit line extended, or longer if the person 
opening the account or seeking the line of credit needs to apply for a 
taxpayer identification or social security number. For non-resident 
aliens, a dealer in foreign exchange is required to record the person's 
passport number or a description of some other government document used 
to verify his or her identity. Pursuant to 31 CFR 1022.410(b), a dealer 
in foreign exchange must also retain the original or a copy of nine 
types of documents as further detailed in the supporting statement.
    Form: None.
    Affected Public: Dealers in Foreign Exchange.
    Estimated Number of Respondents: 3,623.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 3,623.
    Estimated Time per Response: 16 hours.
    Estimated Total Annual Burden Hours: 57,968 hours.
    4. Title: Regulations Requiring Additional Records to be Made and 
Retained by Brokers or Dealers in Securities (31 CFR 1023.410).
    OMB Control Number: 1506-0053.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Pursuant 31 CFR 1023.410(a), a broker or dealer in 
securities is required to secure and maintain a record of certain 
identifying information for persons who have opened brokerage accounts 
during the period from June 30, 1972 to October 1, 2003. The customer 
identification program (CIP) requirement for brokers or dealers in 
securities has effectively superseded that requirement, and CIP 
requirements are not considered in connection with this OMB control 
number renewal.
    Pursuant to 31 CFR 1023.410(b), a broker or dealer in securities 
must retain an original or copy of: (1) each document granting 
signature or trading authority over each customer's account; (2) a 
record of each remittance or transfer of funds, or of currency, checks, 
other monetary instruments, investment securities, or credit, of more 
than $10,000 to a person, account, or place outside the United States; 
(3) a record of each receipt of currency, other monetary instruments, 
investment securities, or checks, and of each transfer of funds or 
credit, of more than $10,000 on any one occasion, not through a 
domestic financial institution, from any person, account, or place 
outside the United States; and (4) each record described in 17 CFR 
240.17a-3(a)(1) through (3) and (5) through (9). To the extent that 
these records include originals or copies of checks, drafts, monetary 
instruments, investment securities, or other similar instruments, 
copies of front and back of such instruments must generally be 
retained. If no record is made in the ordinary course of business of 
any transaction with respect to which records are required to be 
retained, then such a record shall be prepared in writing. Records must 
be maintained for five years.
    Form: None.
    Affected Public: Brokers or Dealers in Securities.
    Estimated Number of Respondents: 3,478.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 3,478.
    Estimated Time per Response: 100 hours.
    Estimated Total Annual Burden Hours: 347,800.

[[Page 86414]]

    5. Title: Records to be made and retained by financial institutions 
(31 CFR 1010.410 and 31 CFR 1022.420).
    OMB Control Number: 1506-0058.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Each financial institution must retain an original or 
copy of records related to extensions of credit in excess of $10,000 
(other than those secured by real property), and records related to 
transfers of funds, currency, other monetary instruments, checks, 
investment securities, or credit of more than $10,000 to or from the 
United States (31 CFR 1010.410(a) through (d)). Banks and non-bank 
financial institutions must also maintain records related to, and 
include certain information as part of, funds transfers or transmittals 
of funds involving more than $3,000 (31 CFR 1010.410(e) and (f)).
    In addition, under 31 CFR 1022.420, each provider or seller of 
prepaid access is required to maintain access to transactional records 
generated in the ordinary course of business that would be needed to 
reconstruct prepaid access activation, loads, reloads, purchases, 
withdrawals, transfers, or other prepaid-related transactions.
    Form: None.
    Affected Public: Financial Institutions.
    Estimated Number of Respondents: 273,832.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 320,352.
    Estimated Time per Response: Varies from 5 to 50 hours depending on 
requirement and type of institution.
    Estimated Total Annual Burden Hours: 4,015,839.
    6. Title: Additional Records to be Made and Retained by Banks (31 
CFR 1020.410).
    OMB Control Number: 1506-0059.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: A bank must retain an original or copy of certain 
records, as specified in section 31 CFR 1020.410.
    Form: None.
    Affected Public: Banks.
    Estimated Number of Respondents: 10,062.
    Frequency of Response: On occasion.
    Estimated Total Number of Annual Responses: 10,062.
    Estimated Time per Response: 100 hours.
    Estimated Total Annual Burden Hours: 1,006,200.

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

Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-25231 Filed 10-29-24; 8:45 am]
BILLING CODE 4810-02-P


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