58434 Federal Register / Vol. 81, No. 165 / Thursday, August 25, 2016 / Proposed Rules 

include information regarding the 

beneficial owners of legal entity 

customers (as defined in § 1010.230); 

and 

(3) Complies with the regulation of its 

Federal functional regulator governing 

such programs. 

(b) Anti-money laundering program 

requirements for banks lacking a 

Federal functional regulator including, 

but not limited to, private banks, nonfederally insured credit unions, and 

certain trust companies. (1) A bank 

lacking a Federal functional regulator 

shall be deemed to satisfy the 

requirements of 31 U.S.C. 5318(h)(1) if 

the bank establishes and maintains a 

written anti-money laundering program 

that: 

(i) Complies with the requirements of 

§§ 1010.610 and 1010.620 of this 

chapter; and 

(ii) Includes, at a minimum: 

(A) A system of internal controls to 

assure ongoing compliance with the 

Bank Secrecy Act and the regulations 

set forth in 31 CFR chapter X; 

(B) Independent testing for 

compliance to be conducted by bank 

personnel or by an outside party; 

(C) Designation of an individual or 

individuals responsible for coordinating 

and monitoring day-to-day compliance; 

(D) Training for appropriate 

personnel; and 

(E) Appropriate risk-based procedures 

for conducting ongoing customer due 

diligence, to include, but not be limited 

to: 

(1) Understanding the nature and 

purpose of customer relationships for 

the purpose of developing a customer 

risk profile; and 

(2) Conducting ongoing monitoring to 

identify and report suspicious 

transactions and, on a risk basis, to 

maintain and update customer 

information. For purposes of this 

paragraph, customer information shall 

include information regarding the 

beneficial owners of legal entity 

customers (as defined in § 1010.230). 

(2) The program must be approved by 

the board of directors or, if the bank 

does not have a board of directors, an 

equivalent governing body within the 

bank. The bank shall make a copy of its 

anti-money laundering program 

available to the Financial Crimes 

Enforcement Network or its designee 

upon request. 

■ 7. Amend § 1020.220 by revising the 

section heading and paragraph (a)(1) to 

read as follows: 

§ 1020.220 Customer identification 

program requirements for banks. 

(a) * * * (1) In general. A bank 

required to have an anti-money 

laundering compliance program under 

the regulations implementing 31 U.S.C. 

5318(h), 12 U.S.C. 1818(s), or 12 U.S.C. 

1786(q)(1) must implement a written 

Customer Identification Program (CIP) 

appropriate for its size and type of 

business that, at a minimum, includes 

each of the requirements of paragraphs 

(a)(1) through (5) of this section. The 

CIP must be a part of the anti-money 

laundering compliance program. 

* * * * * 

Jamal El-Hindi, 

Acting Director, Financial Crimes 

Enforcement Network. 

[FR Doc. 2016–20219 Filed 8–24–16; 8:45 am] 

BILLING CODE 4810–02–P 

ENVIRONMENTAL PROTECTION 

AGENCY 

40 CFR Part 52 

[EPA–R08–OAR–2016–0377; FRL–9951–33– 

Region 8] 

Approval and Promulgation of Air 

Quality Implementation Plans; State of 

Wyoming; Emission Inventory Rule for 

2008 Ozone NAAQS and Revisions to 

Incorporation by Reference 

AGENCY: Environmental Protection 

Agency (EPA). 

ACTION: Proposed rule. 

SUMMARY: The Environmental Protection 

Agency (EPA) is proposing to approve 

State Implementation Plan (SIP) 

revisions submitted by the State of 

Wyoming on July 1, 2014. The submittal 

requests SIP revisions to the State’s 

Incorporation by reference section as 

well as an administrative change in 

section numbering. The SIP also 

includes the addition of a section 

establishing requirements for the 

submittal of emission inventories from 

facilities or sources located in an ozone 

nonattainment area. 

DATES: Written comments must be 

received on or before September 26, 

2016. 

ADDRESSES: Submit your comments, 

identified by Docket ID No. EPA–R08– 

OAR–2016–0377, at http://

www.regulations.gov. Follow the online 

instructions for submitting comments. 

Once submitted, comments cannot be 

edited or removed from regulations.gov. 

The EPA may publish any comment 

received to its public docket. Do not 

submit electronically any information 

you consider to be Confidential 

Business Information (CBI) or other 

information whose disclosure is 

restricted by statute. Multimedia 

submissions (audio, video, etc.) must be 

accompanied by a written comment. 

The written comment is considered the 

official comment and should include 

discussion of all points you wish to 

make. The EPA will generally not 

consider comments or comment 

contents located outside of the primary 

submission (i.e., on the Web, cloud, or 

other file sharing system). For 

additional submission methods, the full 

EPA public comment policy, 

information about CBI or multimedia 

submissions, and general guidance on 

making effective comments, please visit 

http://www2.epa.gov/dockets/ 

commenting-epa-dockets. 

FOR FURTHER INFORMATION CONTACT: 

Chris Dresser, Air Program, U.S. 

Environmental Protection Agency, 

Region 8, Mail Code 8P–AR, 1595 

Wynkoop Street, Denver, Colorado 

80202–1129, (303) 312–6385, 

dresser.chris@epa.gov. 

SUPPLEMENTARY INFORMATION: In the 

‘‘Rules and Regulations’’ section of this 

Federal Register, the EPA is approving 

the State’s SIP revision as a direct final 

rule without prior proposal because the 

agency views this as a noncontroversial 

SIP revision and anticipates no adverse 

comments. A detailed rationale for the 

approval is set forth in the preamble to 

the direct final rule. 

If the EPA receives no adverse 

comments, the EPA will not take further 

action on this proposed rule. If the EPA 

receives adverse comments, the EPA 

will withdraw the direct final rule and 

it will not take effect. The EPA will 

address all public comments in a 

subsequent final rule based on this 

proposed rule. 

The EPA will not institute a second 

comment period on this action. Any 

parties interested in commenting must 

do so at this time. For further 

information, please see the ADDRESSES

section of this notice. 

Please note that if the EPA receives 

adverse comment on an amendment, 

paragraph, or section of this rule and if 

that provision may be severed from the 

remainder of the rule, the EPA may 

adopt as final those provisions of the 

rule that are not the subject of an 

adverse comment. See the information 

provided in the Direct Final action of 

the same title which is located in the 

Rules and Regulations Section of this 

Federal Register. 

Authority: 42 U.S.C. 7401 et seq. 

Dated: August 11, 2016. 

Debra Thomas, 

Deputy Regional Administrator, Region 8. 

[FR Doc. 2016–20316 Filed 8–24–16; 8:45 am] 

BILLING CODE 6560–50–P 


Lhorne on DSK30JT082PROD with PROPOSALS