[Federal Register Volume 75, Number 53 (Friday, March 19, 2010)]
[Notices]
[Pages 13343-13344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6089]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Renewal Without 
Change; Comment Request; Imposition of Special Measure Against Banco 
Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and 
Delta Asia Insurance Limited, as a Financial Institution of Primary 
Money Laundering Concern

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Notice and request for comments.

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SUMMARY: As part of our continuing effort to reduce paperwork and 
respondent burden, we invite comment on a renewal, without change, to 
information collection requirements finalized on March 19, 2007 (72 FR 
12730, RIN 1506-AA83) imposing a special measure against Banco Delta 
Asia, including its subsidiaries Delta Asia Credit Limited and Delta 
Asia Insurance Limited, as a financial institution of primary money 
laundering concern. 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 
May 18, 2010.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comment 
Request; Imposition of Special Measure against Banco Delta Asia, 
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: Comment Request; Imposition of Special 
Measure against Banco Delta Asia.''
    Inspection of comments: Comments may be inspected, between 10 a.m. 
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing 
to inspect the comments submitted must request an appointment with the 
Disclosure Officer by telephoning (703) 905-5034 (not a toll free 
call).

FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network, 
Regulatory Policy and Programs Division at (800) 949-2732, Option 6.

SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial 
Crimes Enforcement Network is the delegated administrator of the Bank 
Secrecy Act (``Act''). The Act authorizes the Director to issue 
regulations to require all financial institutions defined as such in 
the Act to maintain or file certain reports or records that have been 
determined to have a high degree of usefulness in criminal, tax, or 
regulatory investigations or proceedings, or in the conduct of 
intelligence or counter-intelligence activities, including analysis, to 
protect against international terrorism.\1\
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    \1\ Public Law 91-508, as amended and codified at 12 U.S.C. 
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. 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 of 2001, Public Law 107-56.
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    The notice of final rulemaking implementing section 5318A of title 
31, United States Code, finalized 31 CFR 103 to add 31 CFR 103.193. In 
general, the regulations require financial institutions, as defined in 
31 U.S.C. 5312(a)(2) and 31 CFR 103.11 to establish, document, and 
maintain programs as an aid in protecting and securing the U.S. 
financial system.
    Title: Imposition of Special Measure Against Banco Delta Asia, 
including its

[[Page 13344]]

subsidiaries Delta Asia Credit Limited and Delta Asia Insurance 
Limited, as a financial institution of primary money laundering 
concern.
    Office of Management and Budget Control Number: 1506-0045.
    Abstract: The Financial Crimes Enforcement Network is issuing this 
notice to renew the control number for the imposition of a special 
measure against Banco Delta Asia, including its subsidiaries Delta Asia 
Credit Limited and Delta Asia Insurance Limited, as a financial 
institution of primary money laundering concern pursuant to the 
authority contained in 31 U.S.C. 5318A.
    Current Action: Renewal without change for existing regulations.
    Type of Review: Extension of a currently approved information 
collection.
    Affected Public: Business and other for-profit institutions.
    Burden: Estimated Number of Respondents: 5,000.
    Estimated Number of Responses: 5,000.
    Estimated Number of Hours: 5,000.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a valid 
control number assigned by the Office of Management and Budget. Records 
required to be retained under the Act must be retained for five years. 
Generally, information collected pursuant to the Act is confidential 
but may be shared as provided by law with regulatory and law 
enforcement authorities.
    Request for Comments:
    Comments submitted in response to this notice will be summarized 
and/or included in the request for Office of Management and Budget 
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: March 15, 2010.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2010-6089 Filed 3-18-10; 8:45 am]
BILLING CODE 4810-02-P