Notice2026-00105
Agency Information Collection Activities: Proposed New Information Collection; Survey of the Costs of AML/CFT Compliance; Comment Request
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 8, 2026
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 (AML) and Countering the Financing of Terrorism (CFT) Compliance. The instrument for the information collection is a survey. 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 Federal banking regulators and the National Credit Union Association may use the information collection to survey the entirety of the banking and credit union industry. On September 12, 2025, the FDIC requested public comment for 60 days on the proposed information collection. The comment period for the September notice expired on November 12, 2025. As described in the SUPPLEMENTARY INFORMATION section of this document, the FDIC will proceed with the information collection as proposed.
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 5 (Thursday, January 8, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 5 (Thursday, January 8, 2026)]
[Notices]
[Pages 710-712]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-00105]
=======================================================================
-----------------------------------------------------------------------
FEDERAL DEPOSIT INSURANCE CORPORATION
[OMB No. 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.
-----------------------------------------------------------------------
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 (AML) and Countering the
Financing of Terrorism
[[Page 711]]
(CFT) Compliance. The instrument for the information collection is a
survey. 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 Federal banking
regulators and the National Credit Union Association may use the
information collection to survey the entirety of the banking and credit
union industry. On September 12, 2025, the FDIC requested public
comment for 60 days on the proposed information collection. The comment
period for the September notice expired on November 12, 2025. As
described in the SUPPLEMENTARY INFORMATION section of this document,
the FDIC will proceed with the information collection as proposed.
DATES: Comments must be submitted on or before February 9, 2026.
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#1675797b7b737862655670727f7538717960"><span class="__cf_email__" data-cfemail="accfc3c1c1c9c2d8dfeccac8c5cf82cbc3da">[email protected]</span></a>. Include the name and number of
the collection in the subject line of the message.
<bullet> Mail: Robert Meiers (571) 761-3062, Senior 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.
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: Robert Meiers, Attorney, (571) 761-
3062, <a href="/cdn-cgi/l/email-protection#1b6974767e727e69685b7d7f7278357c746d"><span class="__cf_email__" data-cfemail="e1938e8c8488849392a187858882cf868e97">[email protected]</span></a>, MB-3013, Federal Deposit Insurance
Corporation, 550 17th Street NW, Washington, DC 20429.
SUPPLEMENTARY INFORMATION: In response to the 60-day notice, the FDIC
received two relevant comments, one from industry associations and one
from an FDIC-supervised institution. Both comments were supportive of
the FDIC's effort to use the information from the survey to inform and
support rulemakings that reduce compliance burden without compromising
the effectiveness of current AML/CFT frameworks.
Both comments also offered suggestions to improve the survey. Both
comments requested that the FDIC amend the survey questions to be more
specific and granular, and clearly define cost categories, suggesting,
for example, that the survey should break out different categories of
Suspicious Activity Reports (SARS) (such as structuring). Both
commenters also recommended that the survey allow respondents to report
data for multiple years rather than limiting responses to a single year
to account for highly variable AML/CFT compliance costs.
One commenter raised concerns about the confidentiality of
responses and sought explicit assurances that the responses will be
treated as Confidential Supervisory Information and exempt from
disclosure under the Freedom of Information Act. The commenter also
requested that the responses be kept anonymized.
The FDIC appreciates the suggestions to change the survey to
include more specific questions and seek more granular information.
However, after careful consideration, the FDIC has concluded that for
this survey the broader categories and questions better support the
survey's purpose of producing consistent and comparable information on
institutions' AML/CFT compliance cost. More detailed questions and
categories could also increase the cost and time of responding to the
survey and reduce comparability. The FDIC may consider additional
surveys to focus more specifically on certain categories of AML/CFT
compliance, such as SARS. However, for this survey, the FDIC concludes
that the questions, as proposed, successfully balance its desire for
easily comparable information with the costs of response and the value
of more granular information.
Similarly, the FDIC recognizes AML/CFT costs can be highly variable
and that a single year may not sufficiently capture the breadth and
depth of compliance costs for a specific institution. However, the FDIC
believes that the expected high number of responses across institutions
will mitigate the issue of highly variable costs without further
burdening respondents.
Regarding confidentiality of survey responses, survey responses are
confidential supervisory information and protected from disclosure. To
support interagency efforts to reduce burden associated with AML/CFT
compliance, the FDIC intends to share response data with other agencies
only in anonymized and aggregated form.
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: FDIC-supervised banks and savings associations.
Estimated Annual Burden: The FDIC estimates a total burden for OMB
No. 3064-NEW of 12,211 hours. The FDIC expects 1,928 respondents for
the survey and each respondent will take 6 hours and 20 minutes to
complete the survey.
General Description of Collection:
This information collection will seek information on AML/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 AML/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. Responses will not be used for examination or
enforcement and will be kept confidential.
Interested members of the public may obtain a copy of 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
[[Page 712]]
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 January 5, 2026.
Jennifer M. Jones,
Deputy Executive Secretary.
[FR Doc. 2026-00105 Filed 1-7-26; 8:45 am]
BILLING CODE 6714-01-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 January 8, 2026.
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.