Notice2025-17593
Agency Information Collection Activities: Proposed New Information Collection; Survey of the Costs of AML/CFT Compliance; Comment Request
Primary source
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Published
September 12, 2025
Issuing agencies
Federal Deposit Insurance Corporation
Abstract
The Federal Deposit Insurance Corporation (FDIC), as part of its obligations under the Paperwork Reduction Act of 1995 (PRA), invites the general public and other Federal agencies to take this opportunity to comment on a proposed information collection, a Survey of the Costs of Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Compliance. The survey seeks to gather information on the direct compliance costs incurred by FDIC-supervised insured depository institutions and, to the extent these expenses overlap with those of other activities (such as fraud and credit card monitoring), the amount attributable to AML/CFT compliance. The FDIC is seeking a new OMB Control Number for this information collection. The FDIC expects to submit this information collection as a common form so that the other federal banking agencies and the National Credit Union Administration may use the information collection to survey the entirety of the banking and credit union industry.
Full Text
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<title>Federal Register, Volume 90 Issue 175 (Friday, September 12, 2025)</title>
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[Federal Register Volume 90, Number 175 (Friday, September 12, 2025)]
[Notices]
[Page 44191]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-17593]
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FEDERAL DEPOSIT INSURANCE CORPORATION
[3064-NEW]
Agency Information Collection Activities: Proposed New
Information Collection; Survey of the Costs of AML/CFT Compliance;
Comment Request
AGENCY: Federal Deposit Insurance Corporation.
ACTION: Notice and request for comment.
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SUMMARY: The Federal Deposit Insurance Corporation (FDIC), as part of
its obligations under the Paperwork Reduction Act of 1995 (PRA),
invites the general public and other Federal agencies to take this
opportunity to comment on a proposed information collection, a Survey
of the Costs of Anti-Money Laundering and Countering the Financing of
Terrorism (AML/CFT) Compliance. The survey seeks to gather information
on the direct compliance costs incurred by FDIC-supervised insured
depository institutions and, to the extent these expenses overlap with
those of other activities (such as fraud and credit card monitoring),
the amount attributable to AML/CFT compliance. The FDIC is seeking a
new OMB Control Number for this information collection. The FDIC
expects to submit this information collection as a common form so that
the other federal banking agencies and the National Credit Union
Administration may use the information collection to survey the
entirety of the banking and credit union industry.
DATES: Comments must be submitted on or before November 12, 2025.
ADDRESSES: Interested parties are invited to submit written comments to
the FDIC by any of the following methods:
<bullet> Agency Website: <a href="https://www.fdic.gov/federal-register-publications">https://www.fdic.gov/federal-register-publications</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#ef8c8082828a819b9caf898b868cc1888099"><span class="__cf_email__" data-cfemail="b5d6dad8d8d0dbc1c6f5d3d1dcd69bd2dac3">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Robert Meiers, Attorney, MB-3013, Federal Deposit
Insurance Corporation, 550 17th Street NW, Washington, DC 20429.
<bullet> Hand Delivery: Comments may be hand-delivered to the guard
station at the rear of the 17th Street Building (located on F Street),
on business days between 7 a.m. and 5 p.m.
All comments should refer to ``Survey of the Costs of AML/CFT
Compliance.'' A copy of the comments may also be submitted to the OMB
desk officer for the FDIC: Office of Information and Regulatory
Affairs, Office of Management and Budget, New Executive Office
Building, Washington, DC 20503.
FOR FURTHER INFORMATION CONTACT: Robert Meiers, Attorney, (571) 761-
3062, <a href="/cdn-cgi/l/email-protection#ddafb2b0b8b4b8afae9dbbb9b4bef3bab2ab"><span class="__cf_email__" data-cfemail="7d0f12101814180f0e3d1b19141e531a120b">[email protected]</span></a>, MB-3013, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: The FDIC is requesting OMB approval for the
following collection of information:
Title: Cost of AML/CFT Compliance Survey.
OMB Number: 3064-NEW.
Frequency of Response: Once.
Affected Public: Insured State nonmember banks.
Estimated Annual Burden: The FDIC estimates a total burden for OMB
No. 3064-NEW of 15,424 hours. The FDIC expects 1,928 respondents for
the survey and expects each respondent will take 8 hours to complete
the survey. This is a high estimate to account for the use of the
survey instrument by other agencies with more complex respondents.
General Description of Collection: This information collection will
seek information on Bank Secrecy Act (BSA)/CFT compliance costs and
related topics via survey. The survey is voluntary. The purpose of the
survey is to better understand the cost of AML/CFT compliance for FDIC-
supervised insured depository institutions. The information gathered
will help assess the cumulative impact of BSA/CFT regulations and may
inform efforts to adjust regulatory obligations in accordance with
safety and soundness principles and advance deregulatory proposals
consistent with the executive orders of the Trump administration. The
data may also support the development of deregulatory rulemakings or
guidance to reduce compliance burden without compromising the
effectiveness of current AML/CFT frameworks. Reponses will not be used
for supervisory purposes.
Interested members of the public may view the proposed survey
questionnaire on the following web page: <a href="https://www.fdic.gov/federal-register-publications/survey-costs-amlcft-compliance">https://www.fdic.gov/federal-register-publications/survey-costs-amlcft-compliance</a>.
Request for Comment
Comments are invited on (a) whether the collection of information
is necessary for the proper performance of the FDIC's functions,
including whether the information has practical utility; (b) the
accuracy of the estimates of the burden of the information collections,
including the validity of the methodology and assumptions used; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (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. All
comments will become a matter of public record.
Federal Deposit Insurance Corporation.
Dated at Washington, DC, on September 9, 2025.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2025-17593 Filed 9-11-25; 8:45 am]
BILLING CODE 6714-01-P
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