Notice2022-20820
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Financial Crimes Enforcement Network (FinCEN)
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
September 27, 2022
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed or continuing information collections, as required by the Paperwork Reduction Act of 1995.
Full Text
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<title>Federal Register, Volume 87 Issue 186 (Tuesday, September 27, 2022)</title>
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[Federal Register Volume 87, Number 186 (Tuesday, September 27, 2022)]
[Notices]
[Page 58645]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-20820]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Financial Crimes Enforcement Network (FinCEN)
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other federal agencies to comment on proposed or continuing
information collections, as required by the Paperwork Reduction Act of
1995.
DATES: Comments should be received on or before October 27, 2022 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Copies of the submissions may be obtained from Melody Braswell by
emailing <a href="/cdn-cgi/l/email-protection#d484869594a0a6b1b5a7a1a6adfab3bba2"><span class="__cf_email__" data-cfemail="3c6c6e7d7c484e595d4f494e45125b534a">[email protected]</span></a>, calling (202) 622-1035, or viewing the
entire information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Financial Crimes Enforcement Network (FinCEN)
Title: Information Sharing Between Government Agencies and
Financial Institutions.
OMB Control Number: 1506-0049.
Abstract: FinCEN is issuing this notice to renew the OMB control
number for regulations requiring information sharing between government
agencies and financial institutions.
Affected Public: Businesses or other for-profit and non-profit
institutions.
Type of Review: Extension of a currently approved collection.
Frequency: As required.
Estimated Number of Respondents: 14,960.
Estimated Annual Responses per Respondent: 365 searches/responses.
Estimated Reporting and Recordkeeping Burden: In general, FinCEN
receives requests from law enforcement, reviews those requests, posts
those requests on a secure internet website, and sends notifications to
designated contacts within financial institutions across the United
States once every two weeks. Financial institutions must query their
records for data matches, including accounts maintained by the named
subject during the preceding 12 months and transactions conducted
within the last six months. Financial institutions have two weeks from
the posting date of the request to respond with any positive matches.
FinCEN estimates that it will take approximately 4 minutes to research
and report, as necessary, each subject of a 314(a) request. FinCEN has
been estimating a burden of 4 minutes per subject in PRA renewals since
the expansion of the rule in 2010.
Estimated Burden Hours per Respondent: 24 hours annually.
Estimated Total Annual Burden Hours: 363,827.
Estimated Total Annual Cost: $34,563,565.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-20820 Filed 9-26-22; 8:45 am]
BILLING CODE 4810-02-P
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