Notice2022-28350
Agency Information Collection Activities; Submission for OMB Review; Comment Request; 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
December 29, 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. 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
<html>
<head>
<title>Federal Register, Volume 87 Issue 249 (Thursday, December 29, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 249 (Thursday, December 29, 2022)]
[Notices]
[Pages 80261-80262]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-28350]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Persons Providing Remittance Forwarding
Services to Cuba
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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: Comments should be received on or before January 30, 2023 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.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#1f4f4d5e5f6b6d7a7e6c6a6d6631787069"><span class="__cf_email__" data-cfemail="d181839091a5a3b4b0a2a4a3a8ffb6bea7">[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:
Title: Persons Providing Remittance Forwarding Services to Cuba.
OMB Number: 1505-0167.
Type of Review: Revision 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 Sec. 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
[[Page 80262]]
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
Coronavirus Disease 2019 (COVID-19) pandemic and regulatory changes
affecting remittances, 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.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-28350 Filed 12-28-22; 8:45 am]
BILLING CODE 4810-AL-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on December 29, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.