Notice2022-21209
Agency Information Collection Activities; Proposed Collection; Comment Request for Persons Providing Remittance Forwarding Services to Cuba
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
October 3, 2022
Issuing agencies
Treasury DepartmentForeign Assets Control Office
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. Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC's information collection requirements for persons using remittance forwarding services related to Cuba, which are contained within the Cuban Assets Control Regulations.
Full Text
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<title>Federal Register, Volume 87 Issue 190 (Monday, October 3, 2022)</title>
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[Federal Register Volume 87, Number 190 (Monday, October 3, 2022)]
[Notices]
[Pages 59865-59866]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-21209]
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DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
[Docket No.: OFAC-2022-0004]
Agency Information Collection Activities; Proposed Collection;
Comment Request for Persons Providing Remittance Forwarding Services to
Cuba
AGENCY: Office of Foreign Assets Control, Treasury.
ACTION: Notice and request for comments.
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[[Page 59866]]
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. Currently, the Office of Foreign Assets Control (OFAC) within the
Department of the Treasury is soliciting comments concerning OFAC's
information collection requirements for persons using remittance
forwarding services related to Cuba, which are contained within the
Cuban Assets Control Regulations.
DATES: Written comments must be submitted on or before December 2, 2022
to be assured of consideration.
ADDRESSES: You may submit comments by either of the following methods:
Federal eRulemaking Portal: <a href="https://www.regulations.gov">https://www.regulations.gov</a>. Follow the
instructions on the website for submitting comments.
Email: <a href="/cdn-cgi/l/email-protection#f8b7beb9bb8a9d88978a8cb88c8a9d998b8d8a81d69f978e"><span class="__cf_email__" data-cfemail="115e5750526374617e63655165637470626463683f767e67">[email protected]</span></a> with Attn: Request for Comments
(Cuban Remittance Forwarding Services).
Instructions: All submissions received must include the agency name
and refer to Docket Number OFAC-2022-0004 and the Office of Management
and Budget (OMB) control number 1505-0167. Comments received will be
made available to the public via <a href="https://www.regulations.gov">https://www.regulations.gov</a> or upon
request, without change and including any personal information
provided.
FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs,
202-622-4855; or Assistant Director for Sanctions Compliance &
Evaluation, 202-622-2490.
SUPPLEMENTARY INFORMATION:
Title: Persons Providing Remittance Forwarding Services to Cuba.
OMB Number: 1505-0167.
Type of Review: Extension without change of a currently approved
collection.
Description: Requirements to retain records are codified in Sec.
515.572(b) of the Cuban Assets Control Regulations, 31 CFR part 515
(the ``Regulations''). Pursuant to 515.572(b)(1), persons subject to
U.S. jurisdiction who provide authorized remittance forwarding services
related to Cuba are required to maintain for at least five years from
the date of the transaction a certification from each customer
indicating the section of Regulations or, if relevant, the number of
the specific license, that authorizes the person to send the remittance
to Cuba. The recordkeeping burden associated with Sec. 515.572(b)(2)
is addressed in 1505-0164.
The records covered by this information collection must be provided
on request to the U.S. Department of the Treasury and will be used to
monitor compliance with regulations governing transactions related to
authorized remittances to or from Cuba using remittance forwarding
service providers who are persons subject to U.S. jurisdiction.
Forms: Section 515.572(b)(1) does not specify any particular form
of recordkeeping.
Affected Public: Individuals, households, businesses, non-
governmental organizations and banking institutions. The likely
respondents and record-keepers affected by this collection of
information are persons using and providing U.S. remittance forwarding
services.
Estimated Number of Unique Respondents: Based on newly acquired
data and OFAC's revised methodology, the estimated number of annual
respondents is 1,500,000.
Estimated Number of Records per Respondent: Based on newly acquired
data and OFAC's revised methodology, the estimated number of records is
approximately 1.2 records per respondent per year. (Some respondents
may produce far more records; 1.2 records per respondent is an
average.)
Estimated Total Number of Annual Records: Based on additional data
and OFAC's revised methodology, as well as the effects of the pandemic
and regulatory changes, the estimated total number of annual records is
approximately 1,800,000.
Estimated Time Per Record: OFAC assesses that there is an average
time estimate of 1 minute per record.
Estimated Total Annual Burden Hours: The estimated total annual
reporting burden is approximately 1,800,000 minutes or approximately
30,000 hours.
Request for Comments
Comments submitted in response to this notice will be summarized
and 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 has
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 required to provide information.
(Authority: 44 U.S.C. 3501 et seq.)
Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-21209 Filed 9-30-22; 8:45 am]
BILLING CODE 4810-AL-P
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