Notice2024-01921
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Imposition of Special Measure Against Bank of Dandong as a Financial Institution of Primary Money Laundering Concern
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
January 31, 2024
Issuing agencies
Treasury Department
Abstract
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, on or after the date of publication of this notice. The public is invited to submit comments on this request.
Full Text
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<title>Federal Register, Volume 89 Issue 21 (Wednesday, January 31, 2024)</title>
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[Federal Register Volume 89, Number 21 (Wednesday, January 31, 2024)]
[Notices]
[Pages 6178-6179]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-01921]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Imposition of Special Measure Against Bank of
Dandong as a Financial Institution of Primary Money Laundering Concern
AGENCY: Departmental Offices, Department of the Treasury.
[[Page 6179]]
ACTION: Notice of information collection; request for comment.
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SUMMARY: 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, on or after the date of publication of this
notice. The public is invited to submit comments on this request.
DATES: Comments should be received on or before March 1, 2024 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 Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#114143505165637470626463683f767e67"><span class="__cf_email__" data-cfemail="d181839091a5a3b4b0a2a4a3a8ffb6bea7">[email protected]</span></a>, calling
(202) 927-5331, 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: Imposition of Special Measure against Bank of Dandong as a
Financial Institution of Primary Money Laundering Concern.
OMB Control Number: 1506-0072.
Type of Review: Extension without change of a currently approved
collection.
Description: FinCEN issued a final rule on November 8, 2017,
imposing the fifth special measure to prohibit U.S. financial
institutions from opening or maintaining a correspondent account for,
or on behalf of, Bank of Dandong. The rule requires that covered U.S.
financial institutions apply due diligence to correspondent accounts
they maintain on behalf of foreign financial institutions that is
reasonably designed to guard against the indirect use of those accounts
by Bank of Dandong. Covered U.S. financial institutions are required
under 31 CFR 1010.660(b)(3)(i)(A) to notify holders of foreign
correspondent accounts that they may not provide Bank of Dandong with
access to such accounts. The requirement is intended to ensure
cooperation from correspondent account holders in denying Bank of
Dandong access to the U.S. financial system. Covered U.S. financial
institutions are required under 31 CFR 1010.660(b)(4)(i) to document
compliance with the notification requirement. The information is used
by federal agencies and certain self-regulatory organizations to verify
compliance with 31 CFR 1010.660.
Form: None.
Affected Public: Businesses or other for-profits.
Estimated Number of Respondents: 15,876.
Frequency of Response: Once.
Estimated Total Number of Annual Responses: 15,876.
Estimated Time per Response: 1 hour.
Estimated Total Annual Burden Hours: 15,876.
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2024-01921 Filed 1-30-24; 8:45 am]
BILLING CODE 4810-02-P
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</html>Indexed from Federal Register on January 31, 2024.
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