[Federal Register Volume 68, Number 122 (Wednesday, June 25, 2003)]
[Notices]
[Pages 37896-37902]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16012]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Collection; 
Comment Request; Currency Transaction Report by Casinos--Nevada

AGENCY: Financial Crimes Enforcement Network (``FinCEN''), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: As part of its continuing effort to reduce paperwork and 
respondent burden, FinCEN invites comment on a proposed revision to the 
Currency Transaction Report--Nevada (``CTRC-N'') and editorial changes 
to the instructions. This request for comments is being made pursuant 
to the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 
3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
August 25, 2003.

ADDRESSES: Written comments should be submitted to: Office of Chief 
Counsel, Financial Crimes Enforcement Network, Department of the 
Treasury, P.O. Box 39, Vienna, Virginia 22183, Attention: PRA 
Comments--CTRC-N Form. Comments also may be submitted by electronic 
mail to the following Internet address: [email protected], 
again with a caption, in the body of the text, ``Attention: PRA 
Comments--CTRC-N Form.''
    Inspection of comments. Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Washington, DC. Persons 
wishing to inspect the comments submitted must request an appointment 
by telephoning (202) 354-6400.

FOR FURTHER INFORMATION CONTACT: Daniel P. Haley, Regulatory Program 
Compliance Specialist, Office of Regulatory Programs, FinCEN, at (202) 
354-6400; and Judith R. Starr, Chief Counsel and Alma Angotti, 
Enforcement Counsel, Office of Chief Counsel, FinCEN, at (703) 905-
3590.

SUPPLEMENTARY INFORMATION: Title: Currency Transaction Report by 
Casinos--Nevada (CTRC-N).
    OMB Number: 1506-0003.
    Form Number: FinCEN Form 103-N (Formerly 8852).
    Abstract: The statute generally referred to as the ``Bank Secrecy 
Act,'' Titles I and II of Public Law 91-508, as amended, codified at 12 
U.S.C. 1829b, 12 U.S.C. 1951-1959, and 31 U.S.C. 5311-5332, authorizes 
the Secretary of the Treasury, inter alia, to require financial 
institutions to keep records and file reports that are determined to 
have a high degree of usefulness in criminal, tax, and regulatory 
matters, or in the conduct of intelligence or counter-intelligence 
activities; to protect against international terrorism, and to 
implement counter-money laundering programs and compliance 
procedures.\1\ Regulations implementing Title II of the Bank Secrecy 
Act appear at 31 CFR part 103. The authority of the Secretary to 
administer the Bank Secrecy Act has been delegated to the Director of 
FinCEN.
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    \1\ Language expanding the scope of the Bank Secrecy Act to 
intelligence or counter-intelligence activities to protect against 
international terrorism was added by Section 358 of the Uniting and 
Strengthening America by Providing Appropriate Tools Required to 
Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001 (the 
``USA Patriot Act''), Pub. L. 107-56.
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    Section 5313(a) authorizes the Secretary to issue regulations that 
require a report when ``a domestic financial institution is involved in 
a transaction for the payment, receipt, or transfer of United States 
coins or currency (or other monetary instruments the Secretary of the 
Treasury prescribes), in an amount, denomination, or amount and 
denomination, or under circumstances the Secretary prescribes. 
Regulations implementing section 5313(a) are found at 31 CFR 103.22. In 
general, the regulations require the reporting of transactions in 
currency in excess of $10,000 a day.
    Pursuant to a cooperative agreement between Treasury and Nevada, 
casinos in Nevada report currency transactions using the Currency 
Transaction Report by Casinos--Nevada, FinCEN 103-N (Formerly Form 
8852).
    Action: This revision makes several editorial changes to the CTRC-
N. As part of an effort to standardize its forms, FinCEN is changing 
the form number from Form 8852 to FinCEN Form 103-N. In addition, the 
format of the country information in Part I items ``11'' and ``25,'' in 
Part II item ``35,'' and Part III item ``45'' is changed to accept two-
digit country codes instead of a text country name, and information 
about accessing state and country codes on FinCEN's website is added to 
the instructions. The format for dates entered in Part I items ``8'' 
and ``26,'' Part II item ``33,'' and Part III items ``48'' and ``51'' 
is also changed to ease data entry on electronically prepared forms and 
to conform to current form style. Finally, the Paperwork Reduction Act 
notice has been moved to page four.
    Type of Review: Regular with changes to a currently approved 
information collection.
    Affected public: Business or other for-profit and institutions.
    Frequency: As required.
    Estimated Burden: Reporting average of 19 minutes per response.\2\ 
Form recordkeeping average of 5 minutes per response, for a total of 24 
minutes.
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    \2\ This burden relates to the completion of the CTRC-N form 
only. The recordkeeping burden of 31 CFR 103.22 is reflected in the 
final rule requiring financial institutions to file currency 
transaction reports of suspicious activity.
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    Estimated number of respondents: 115.
    Estimated Total Annual Responses: 136893.
    Estimated Total Annual Burden Hours: 54,757.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Records required to be 
retained under the Bank Secrecy Act must be retained for five years.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or

[[Page 37897]]

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 shall 
have 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 of information 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.

    Dated: June 17, 2003.
James F. Sloan,
Director, Financial Crimes Enforcement Network.
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[FR Doc. 03-16012 Filed 6-24-03; 8:45 am]
BILLING CODE 4810-02-C