Federal Register / Vol. 80, No. 27 / Tuesday, February 10, 2015 / Notices 7527 

1Language expanding the scope of the Bank 

Secrecy Act 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. 

Abstract: In accordance with 31 CFR 

1029.320, covered financial institutions 

are required to report suspicious activity 

and maintain the records for a period of 

five years. Covered financial institutions 

may satisfy these requirements by using 

their internal records management 

system. 

Current Action: Renewal without 

change to the existing regulations. 

Type of Review: Extension of 

currently approved reporting 

requirement. 

Affected Public: Businesses or other 

for-profit institutions, and non-profit 

institutions. 

Burden: The administrative burden of 

1 hour is assigned to maintain the 

requirement in force. The burden for 

actual reporting is reflected in OMB 

Control number 1506–0065. 

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. 

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. 

Dated: February 3, 2015. 

Jennifer Shasky Calvery, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2015–02732 Filed 2–9–15; 8:45 am] 

BILLING CODE 4810–2P–P 

DEPARTMENT OF THE TREASURY 

Financial Crimes Enforcement Network 

Proposed Collection; Comment 

Request; Renewal Without Change of 

the Registration of Money Services 

Business, 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 the Registration of Money 

Services Business, FinCEN Form 107. 

The form will be used by dealers in 

foreign exchange, check cashers, issuers 

or sellers of traveler’s checks or money 

orders, issuers, sellers, or redeemers of 

stored value, 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 April 

13, 2015. 

ADDRESSES: Written comments should 

be submitted to: Policy Division, 

Financial Crimes Enforcement Network, 

U.S Department of the Treasury, P.O. 

Box 39, Vienna, VA 22183. Attention: 

PRA Comments—MSB RegistrationForm 107. Comments also may be 

submitted by electronic mail to the 

following Internet address: 

regcomments@fincen.gov, again with a 

caption, in the body of the text, 

‘‘Attention: PRA Comments—MSB 

Registration-Form 107.’’ Please cite 

specific OMB Control Number(s) listed 

above when commenting. 

Instructions. It is preferable for 

comments to be submitted by electronic 

mail. Please submit comments by one 

method only. All submissions received 

must include the agency name and the 

specific OMB control number for this 

notice. 

Inspection of comments. Comments 

may be inspected, between 10 a.m. and 

4 p.m., in the FinCEN reading room in 

Vienna, VA. Persons wishing to inspect 

the comments submitted must request 

an appointment with the Disclosure 

Officer by telephoning (703) 905–5034 

(not a toll free call). 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Regulatory helpline at (800) 

767–2825 or email frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: 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, or in the conduct of 

intelligence or counter-intelligence 

activities to protect against international 

terrorism, and to implement countermoney laundering programs and 

compliance procedures.1 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. 

Title: Registration of Money Services 

Business. 

OMB Number: 1506–0013. 

Form Number: FinCEN Form 107. 

Abstract: 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: Individuals, business 

or other for-profit institutions, and notfor-profit 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. 


rljohnson on DSK3VPTVN1PROD with NOTICES
7528 Federal Register / Vol. 80, No. 27 / Tuesday, February 10, 2015 / Notices 

1Language expanding the scope of the Bank 

Secrecy Act 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, Pub. L. 107–56. 

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. 

Dated: February 3, 2015. 

Jennifer Shasky Calvery, 

Director, Financial Crimes Enforcement 

Network. 

[FR Doc. 2015–02726 Filed 2–9–15; 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 

Requirement for Money Services 

Businesses 

AGENCY: Financial Crimes Enforcement 

Network (‘‘FinCEN’’), Treasury. 

ACTION: Notice and request for 

comments. 

SUMMARY: FinCEN invites all interested 

parties to comment on its proposed 

renewal without change of the Bank 

Secrecy Act (‘‘BSA’’) Suspicious 

Activity Reporting requirements for 

money services businesses. FinCEN 

intends to submit this requirement for 

approval by the Office of Management 

and Budget (‘‘OMB’’) of a three-year 

extension of Control Number 1506– 

0015. This request for comments is 

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 should be 

received on or before April 13, 2015 to 

be assured of consideration. 

ADDRESSES: Written comments should 

be submitted to: Policy Division, 

Financial Crimes Enforcement Network, 

U.S Department of the Treasury, P.O. 

Box 39, Vienna, VA 22183. Attention: 

PRA Comments—BSA Suspicious 

Activity Reporting Requirement for 

money services business. Comments 

also may be submitted by electronic 

mail to the following Internet address: 

regcomments@fincen.gov with the 

caption in the body of the text, 

‘‘Attention: PRA Comments—BSA 

Suspicious Activity Reporting 

Requirements 1506–0015.’’ It is 

preferable for comments to be submitted 

by electronic mail. Please submit 

comments by one method only. All 

submissions received must include the 

agency name and the specific OMB 

control number for this notice. 

Inspection of comments. Comments 

may be inspected, between 10 a.m. and 

4 p.m., in the FinCEN reading room in 

Vienna, VA. Persons wishing to inspect 

the comments submitted must request 

an appointment with the Disclosure 

Officer by telephoning (703) 905–5034 

(not a toll free call). 

FOR FURTHER INFORMATION CONTACT: The 

FinCEN Resource Center at 800–767– 

2825 or email frc@fincen.gov. 

SUPPLEMENTARY INFORMATION: The BSA, 

titles I and II of Pub. L. 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 countermoney 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 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, 44 U.S.C. 

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

regulations, the following information is 

presented concerning the recordkeeping 

requirements listed below. 

1. Title: Suspicious Activity Report by 

Money Services Businesses. 

OMB Number: 1506–0015. 

Abstract: In accordance with 31 CFR 

1022.320, covered financial institutions 

are required to report suspicious activity 

and maintain the records for a period of 

five years. Covered financial institutions 

may satisfy these requirements by using 

their internal records management 

system. 

Current Action: Renewal without 

change to the existing regulations. 

Type of Review: Extension of 

currently approved reporting 

requirement. 

Affected Public: Businesses or other 

for-profit institutions, and non-profit 

institutions. 

Estimated Burden: The administrative 

burden of 1 hour is assigned to maintain 

the requirement in force. The burden for 

actual reporting is reflected in OMB 

Control number 1506–0065. 

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. 

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 


rljohnson on DSK3VPTVN1PROD with NOTICES