[Federal Register Volume 75, Number 11 (Tuesday, January 19, 2010)]
[Notices]
[Page 2929]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-770]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION:  Notice and request for comments.

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SUMMARY:  The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to comment on a proposed information collection, as required 
by the Paperwork Reduction Act of 1995. An agency may not conduct or 
sponsor, and a 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 comments 
concerning an information collection titled ``Bank Secrecy Act/Money 
Laundering Risk Assessment'' (a.k.a. Money Laundering Risk (MLR) 
System). The OCC also gives notice that it has sent the information 
collection to OMB for review.

DATES:  Comments must be submitted by February 18, 2010.

ADDRESSES: Communications Division, Office of the Comptroller of the 
Currency, Mailstop 2-3, Attention: 1557-0231, 250 E Street, SW., 
Washington, DC 20219. In addition, comments may be sent by fax to (202) 
874-5274, or by electronic mail to [email protected]. You may 
personally inspect and photocopy comments at the OCC, 250 E Street, 
SW., Washington, DC. For security reasons, the OCC requires that 
visitors make an appointment to inspect comments. You may do so by 
calling (202) 874-4700. Upon arrival, visitors will be required to 
present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to OMB Desk 
Officer, 1557-0231, by mail to U.S. Office of Management and Budget, 
725 17th St., NW., 10235, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT:  You can request additional 
information or a copy of the collection and supporting documentation 
submitted to OMB by contacting: Mary H. Gottlieb, (202) 874-5090, 
Legislative and Regulatory Activities Division, Office of the 
Comptroller of the Currency, 250 E Street, SW., Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend the approval 
for the following information collection:
    Title: Bank Secrecy Act/Anti-Money Laundering Risk Assessment.
    OMB Number: 1557-0231.
    Affected Public: Businesses or other for-profit.
    Type of Review: Regular review.
    Abstract: The MLR System enhances the ability of examiners and bank 
management to identify and evaluate any Bank Secrecy Act/Anti-Money 
Laundering risks associated with the 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, management's evaluation of money laundering and 
terrorist financing risks must evolve as well. Absent appropriate 
controls, such as this risk assessment, these lines of business, 
products, or entities could elevate Bank Secrecy Act/Anti-Money 
Laundering risks.
    Burden Estimates:

Estimated Number of Respondents: 1,467.
Estimated Number of Responses: 1,467.

Frequency of Response: Annually.
Estimated Annual Burden: 8,802 hours.
    The OCC issued a 60-day Federal Register notice on November 3, 
2009. 74 FR 56922. No comments were received. Comments continue to be 
invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimate of the information 
collection burden;
    (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 of 
operation, maintenance, and purchase of services to provide 
information.

    Dated: January 12, 2010.
Michele Meyer,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 2010-770 Filed 1-15-10; 8:45 am]
BILLING CODE 4810-33-P