Notice2025-11545
Agency Information Collection Activities; Information Collection Revision; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment
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
June 24, 2025
Issuing agencies
Treasury DepartmentComptroller of the Currency
Abstract
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning a revision to its information collection titled, "Bank Secrecy Act/Money Laundering Risk Assessment," also known as the Money Laundering Risk (MLR) System.
Full Text
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<title>Federal Register, Volume 90 Issue 119 (Tuesday, June 24, 2025)</title>
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[Federal Register Volume 90, Number 119 (Tuesday, June 24, 2025)]
[Notices]
[Pages 26902-26905]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-11545]
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection
Revision; Comment Request; Bank Secrecy Act/Money Laundering Risk
Assessment
AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.
ACTION: Notice and request for comment.
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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork
and respondent burden, invites comment on a continuing information
collection, as required by the Paperwork Reduction Act of 1995 (PRA).
In accordance with the requirements of the PRA, the OCC may not conduct
or sponsor, and the respondent is not required to respond to, an
information collection unless it displays a currently valid Office of
Management and Budget (OMB) control number. The OCC is soliciting
comment concerning a revision to its information collection titled,
``Bank Secrecy Act/Money Laundering Risk Assessment,'' also known as
the Money Laundering Risk (MLR) System.
DATES: Comments must be submitted by August 25, 2025.
ADDRESSES: Commenters are encouraged to submit comments by email, if
possible. You may submit comments by any of the following methods:
[[Page 26903]]
<bullet> Email: <a href="/cdn-cgi/l/email-protection#651517040c0b030a250a06064b11170004164b020a13"><span class="__cf_email__" data-cfemail="ee9e9c8f87808881ae818d8dc09a9c8b8f9dc0898198">[email protected]</span></a>.
<bullet> Mail: Chief Counsel's Office, Attention: Comment
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0231, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
<bullet> Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218,
Washington, DC 20219.
<bullet> Fax: (571) 293-4835.
Instructions: You must include ``OCC'' as the agency name and
``1557-0231'' in your comment. In general, the OCC will publish
comments on <a href="http://www.reginfo.gov">www.reginfo.gov</a> without change, including any business or
personal information provided, such as name and address information,
email addresses, or phone numbers. Comments received, including
attachments and other supporting materials, are part of the public
record and subject to public disclosure. Do not include any information
in your comment or supporting materials that you consider confidential
or inappropriate for public disclosure.
Following the close of this notice's 60-day comment period, the OCC
will publish a second notice with a 30-day comment period. You may
review comments and other related materials that pertain to this
information collection beginning on the date of publication of the
second notice for this collection by the method set forth in the next
bullet.
<bullet> Viewing Comments Electronically: Go to <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
Hover over the ``Information Collection Review'' tab and click on
``Information Collection Review'' from the drop down menu. From the
``Currently under Review'' drop-down menu, select ``Department of
Treasury'' and then click ``submit.'' This information collection can
be located by searching OMB control number ``1557-0231'' or ``Bank
Secrecy Act/Money Laundering Risk Assessment.'' Upon finding the
appropriate information collection, click on the related ``ICR
Reference Number.'' On the next screen, select ``View Supporting
Statement and Other Documents'' and then click on the link to any
comment listed at the bottom of the screen.
<bullet> For assistance in navigating <a href="http://www.reginfo.gov">www.reginfo.gov</a>, please
contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance
Officer, (202) 649-5490, Chief Counsel's Office, Office of the
Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219.
If you are deaf, hard of hearing, or have a speech disability, please
dial 7-1-1 to access telecommunications relay services.
SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.),
Federal agencies must obtain approval from the OMB for each collection
of information that they conduct or sponsor. ``Collection of
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to
include agency requests or requirements that members of the public
submit reports, keep records, or provide information to a third party.
Section 3506(c)(2)(A) of title 44 generally requires Federal agencies
to provide a 60-day notice in the Federal Register concerning each
proposed collection of information, including each proposed extension
of an existing collection of information, before submitting the
collection to OMB for approval. To comply with this requirement, the
OCC is publishing notice of the revision of this collection.
Title: Bank Secrecy Act/Money Laundering Risk Assessment.
OMB Control No: 1557-0231.
Type of Review: Regular.
Affected Public: Business or other for-profit.
Description: The MLR System enhances the ability of examiners and
bank management to identify and evaluate Bank Secrecy Act/Money
Laundering and Office of Foreign Asset Control (OFAC) sanctions risks
associated with banks' products, services, customers, and locations. As
new products and services are introduced, existing products and
services change, and banks expand through mergers and acquisitions,
banks' evaluation of money laundering and terrorist financing risks
should evolve as well. Consequently, the MLR risk assessment is an
important tool for the OCC's Bank Secrecy Act/Anti-Money Laundering and
OFAC supervision activities because it allows the agency to better
identify those institutions, and areas within institutions, that pose
heightened risk and allocate examination resources accordingly. This
risk assessment is critical for protecting U.S. financial institutions
of all sizes from potential abuse from money laundering and terrorist
financing. An appropriate risk assessment allows applicable control to
be effectively implemented for the lines of business, products, or
entities that would elevate Bank Secrecy Act/Money Laundering and OFAC
compliance risks.
The OCC will collect MLR information for community banks and trust
banks supervised by the OCC. The OCC's annual Risk Summary Form (RSF)
is fully automated making data entry quick and efficient and providing
an electronic record for all parties. For 2025, the RSF will include
three significant changes to the products, services, and customers
(PSCs) collected:
1. The addition of one new PSC: bank-fintech partnerships.
2. The deletion of one existing PSC: payable through accounts.
3. The consolidation of fourteen existing PSCs into the following
seven: Payable Upon Proper Identification (PUPID) wire transfers
(domestic and international), foreign/international remote deposit
capture, prepaid card program managers and providers, reloadable
prepaid cards and card programs, non-reloadable prepaid cards and card
programs, prepaid card programs--bank sponsored, and prepaid
cardholders.
The net reduction of seven PSCs decreases the number of data
collection points from 71 to 68 as shown in the table below (* PSC
changes are denoted in bold):
------------------------------------------------------------------------
Number Existing PSCs Number New PSCs
------------------------------------------------------------------------
1............ Cash Transactions.... 1........... Convenience Stores.
2............ Marijuana Related 2........... Liquor Stores.
Businesses.
3............ ATM Operators........ 3........... Independent ATM
Owners/Operators.
4............ Crypto-Assets Custody 4........... Domestic Charitable
Organizations.
5............ Stablecoin Issuance.. 5........... Jewelry, Gem &
Precious Metal
Dealers.
6............ Stablecoin Payments.. 6........... Casinos.
7............ Convenience Stores... 7........... Car Dealers.
8............ Liquor Stores........ 8........... Domestic Private
Bankings.
9............ Domestic Charitable 9........... Domestic Commercial
Organizations. Letters of Credits.
10........... Jewelry, Gem and 10.......... Stand-by Letters of
Precious Metals Credits.
Dealers.
11........... Casinos.............. 11.......... Marijuana Related
Businesses.
[[Page 26904]]
12........... Car Dealers.......... 12.......... Customers/Accounts
opened through the
Internet, Mail,
Wire or Phone (non-
branch).
13........... Domestic Private 13.......... Domestic Deposit
Banking. Brokers.
14........... Domestic Commercial 14.......... Travel Agencies.
Letters of Credit.
15........... Stand-by Letters of 15.......... Broker Dealers.
Credit.
16........... Customers/Accounts 16.......... Telemarketers.
opened through the
Internet, Mail, Wire
or Phone (non-
branch).
17........... Domestic Deposit 17.......... Remotely Created
Brokers. Check Customers.
18........... Travel Agencies...... 18.......... Domestic Remote
Deposit Capture
Customers.
19........... Broker Dealers....... 19.......... Third Party Senders.
20........... Telemarketers........ 20.......... Cash Transactions.
21........... Remotely Created 21.......... Issuance of
Check Customers. Traveler's Checks,
Official Bank
Checks & Money
Orders.
22........... Domestic Remote 22.......... Domestic Wire
Deposit Capture Transfers.
Customers.
23........... Third Party Senders.. 23.......... PUPID Wire Transfers
(Domestic and
International).
24........... Issuance of 24.......... ACHs.
Traveler's Checks,
Official Bank Checks
& Money Orders.
25........... Domestic Wire 25.......... Remotely Created
Transfers. Checks.
26........... Domestic PUPID Wire 26.......... Domestic Remote
Transfers. Deposit Captures.
27........... ACH.................. 27.......... Non-Resident Alien
Accounts.
28........... Remotely Created 28.......... Politically Exposed
Checks. Persons.
29........... Domestic Remote 29.......... Foreign Off-Shore
Deposit Capture. Corporations.
30........... Non-Resident Alien 30.......... Foreign Deposit
Accounts. Brokers.
31........... Politically Exposed 31.......... Foreign Charitable
Persons. Organizations.
32........... Foreign Off-Shore 32.......... Import/Exports.
Corporations.
33........... Foreign Deposit 33.......... Foreign/
Brokers. International
Remote Deposit
Capture.
34........... Foreign Charitable 34.......... Foreign
Organizations. Correspondent
Accounts.
35........... Import/Export........ 35.......... Pouch Services.
36........... Foreign Remote 36.......... Foreign Bank
Deposit Capture Affiliate (e.g.,
Customers. Parallel Banks).
37........... Foreign Correspondent 37.......... International
Accounts. Departments.
38........... Payable Through 38.......... International
Accounts. Private Bankings.
39........... Pouch Services....... 39.......... Embassy & Consulate
Bankings.
40........... Foreign Bank 40.......... International
Affiliate. Commercial Letters
of Credits.
41........... International 41.......... International Bank
Department. Drafts.
42........... International Private 42.......... International Wire
Banking. Transfers.
43........... Embassy & Consulate 43.......... Remittance Products.
Banking.
44........... International 44.......... Cross-Border ACHs.
Commercial Letters
of Credit.
45........... International Bank 45.......... Domestic Casas de
Drafts. Cambio/Currency
Exchanges.
46........... International Wire 46.......... Foreign Casas de
Transfers. Cambio/Currency
Exchanges.
47........... International PUPID 47.......... Money Transmitters.
Wire Transfers.
48........... Remittance Products.. 48.......... Check Cashers.
49........... Cross-Border ACH..... 49.......... Issuers or Sellers
of Traveler's
Checks or Money
Orders.
50........... International Remote 50.......... Prepaid Card
Deposit Capture. Providers and
Managers.
51........... Domestic Casas de 51.......... Sellers of Prepaid
Cambio/Currency Access.
Exchange.
52........... Foreign Casas de 52.......... Bank-Fintech
Cambio/Currency Partnerships.
Exchange.
53........... Money Transmitters... 53.......... Reloadable Prepaid
Cards and Card
Programs.
54........... Check Cashers........ 54.......... Non-Reloadable
Prepaid Cards and
Card Programs.
55........... Issuers or Sellers of 55.......... Prepaid Card
Traveler Checks or Programs--Bank
Money Orders. Sponsored
(Reloadable and Non-
Reloadable).
56........... Providers of Prepaid 56.......... Prepaid Cardholders
Access. (Reloadable and Non-
Reloadable).
57........... Sellers of Prepaid 57.......... Domestic Charitable
Access. Trusts &
Foundations.
58........... Prepaid Cards........ 58.......... Foreign Charitable
Trusts &
Foundations.
59........... Prepaid Card 59.......... Custodial Accounts.
Programs--Third
Party Sponsored.
60........... Prepaid Card 60.......... Investment Advisory
Programs--Bank Accounts.
Sponsored.
61........... Prepaid Cardholders.. 61.......... Revocable Trusts.
62........... Prepaid Card Program 62.......... Foreign Grantor or
Managers. Beneficiaries.
63........... Domestic Charitable 63.......... Loans to Closely
Trusts & Foundations. Held Corporations.
64........... Foreign Charitable 64.......... Brokerage Department/
Trusts & Foundations. Operations.
65........... Custodial Accounts... 65.......... Investment Advisory/
Managements.
66........... Investment Advisory 66.......... Crypto-Assets
Accounts. Custodys.
67........... Revocable Trusts..... 67.......... Stablecoin
Issuances.
68........... Foreign Grantor or 68.......... Stablecoin Payments.
Beneficiaries.
69........... Loans to Closely Held
Corporations.
70........... Brokerage Department/
Operations.
71........... Investment Advisory/
Management.
------------------------------------------------------------------------
The OCC estimates the burden of this collection of information as
follows:
Estimated Burden
Community bank population:
Estimated Number of Respondents: 609.
Estimated Number of Responses: 609.
Frequency of Response: Annually.
Estimated Annual Burden: 3,350 hours.
[[Page 26905]]
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 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 to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-11545 Filed 6-23-25; 8:45 am]
BILLING CODE 4810-33-P
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</html>Indexed from Federal Register on June 24, 2025.
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.