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Code · REGISTER · 2014-10-31 · DEPARTMENT OF THE TREASURY · Notices

Notices. DEPARTMENT OF THE TREASURY

408 words·~2 min read·/register/2014/10/31/2014-25918·

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BILLING CODE 4915-01-P DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request October 28, 2014. The Department of the Treasury will submit the following information collection request to the Office of Management and Budget
(OMB)for review and clearance in accordance with the Paperwork Reduction Act of 1995, Public Law 104-13, on or after the date of publication of this notice. DATES: Comments should be received on or before December 1, 2014 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to
(1)Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at *OIRA_Submission@OMB.EOP.gov* and
(2)Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8141, Washington, DC 20220, or email at *PRA@treasury.gov.* FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be obtained by emailing *PRA@treasury.gov,* calling
(202)622-1295, or viewing the entire information collection request at *www.reginfo.gov.* Financial Crimes Enforcement Network (FinCEN) *OMB Number:* 1506-0065. *Type of Review:* Revision of a currently approved collection. *Title:* Bank Secrecy Act Suspicious Activity Report (BSA-SAR). *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. 5311-5332, 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 anti-money laundering programs and compliance procedures. Regulations implementing Title II of the BSA appear at 31 CFR Chapter X. The authority of the Secretary to administer the BSA has been delegated to the Director of FinCEN. The information collected on the “report” is required to be provided pursuant to 31 U.S.C. 5318(g), as implemented by FinCEN regulations found at 31 CFR 1020.320, 1021.320, 1022.320, 1023.320, 1024.320, 1025.320, 1026.320, 1029.320. The information collected under this requirement is made available to appropriate agencies and organizations as disclosed in FinCEN's Privacy Act System of Records Notice relating to BSA Reports. *Affected Public:* Businesses or other for-profits; not-for-profit institutions. *Estimated Annual Burden Hours:* 3,284,320. Brenda Simms, Treasury PRA Clearance Officer. [FR Doc. 2014-25918 Filed 10-30-14; 8:45 am]
Connectionstraces to 3
4 references not yet in our index
  • Pub. L. 104-13
  • Pub. L. 91-508
  • 12 USC 1951-1959
  • 31 USC 5311-5332
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Notices
DEPARTMENT OF THE TREASURY
Pub. L.Pub. L. 104-13
Pub. L.Pub. L. 91-508
Cite12 USC 1951-1959
Cite31 USC 5311-5332
Cites 7Cited by 0 across 0 sources
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