Notice2025-20493
Agency Information Collection Activities; Proposed Collection; Comment Request; Request for a New OMB Control Number: Cost of AML/CFT Compliance Survey
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
November 21, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 223 (Friday, November 21, 2025)</title>
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[Federal Register Volume 90, Number 223 (Friday, November 21, 2025)]
[Notices]
[Pages 52764-52765]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-20493]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-XXXX]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Request for a New OMB Control Number: Cost of AML/CFT
Compliance Survey
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is soliciting comments on the
proposed collection of information. The collection of information is in
the form of a survey and will seek information on Bank Secrecy Act
(``BSA'') \1\ Anti-Money Laundering (``AML'')/Countering the Financing
of Terrorism (``CFT'') compliance costs and related topics. The
collection of information is voluntary. The purpose of the collection
of information is to better understand the cost of AML/CFT compliance
for entities registered with the Commission that have AML/CFT
obligations under the BSA. The information collected will help assess
the cumulative impact of BSA AML/CFT regulations and may inform efforts
to adjust regulatory obligations 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. Subject to the provisions
of the Freedom of Information Act, 5 U.S.C. 552, and the Commission's
rules thereunder (17 CFR 200.80(b)(4)(iii)), the Commission will not
generally publish or make available information contained in any
reports, summaries, analyses, letters, or memoranda arising out of this
collection. As such, individual responses to the survey will not be
made publicly available and will not be
[[Page 52765]]
used for examination or enforcement purposes.
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\1\ 31 U.S.C. 5311 et seq.
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There are approximately 3,289 registered broker-dealers and 1,355
registered mutual funds. The staff estimates that the average amount of
time necessary to complete the survey will be eight hours. Each
respondent choosing to respond would only need to complete the survey
once. The total burden, if all respondents reply, would therefore be
37,152 hours.
Interested members of the public may view the proposed survey on at
the following web page: <a href="https://www.sec.gov/files/sec-bsa-aml-cft-burden-survey.pdf">https://www.sec.gov/files/sec-bsa-aml-cft-burden-survey.pdf</a>.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the 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,
electronic collection techniques or other forms of information
technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#0f5f6e7f6a7d78607d645d6a6b7a6c7b6660614e6c7b4f7c6a6c21686079"><span class="__cf_email__" data-cfemail="88d8e9f8edfaffe7fae3daedecfdebfce1e7e6c9ebfcc8fbedeba6efe7fe">[email protected]</span></a> by January 20, 2026. There will be a
second opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: November 18, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-20493 Filed 11-20-25; 8:45 am]
BILLING CODE 8011-01-P
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