[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Proposed Rules]
[Page 78018]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-31005]



[[Page 78017]]

Vol. 80

Tuesday,

No. 240

December 15, 2015

Part XV





Department of the Treasury





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Semiannual Regulatory Agenda

  Federal Register / Vol. 80 , No. 240 / Tuesday, December 15, 2015 / 
Unified Agenda  

[[Page 78018]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Fiscal Year 2015 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

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SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory 
Planning and Review''), which require the publication by the Department 
of a semiannual agenda of regulations. EO 12866 also requires the 
publication by the Department of a regulatory plan for the upcoming 
fiscal year.

FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review. 
For this edition of the regulatory agenda, the most important 
significant regulatory actions and a Statement of Regulatory Priorities 
are included in the Regulatory Plan, which appears in both the online 
Unified Agenda and in part II of the Federal Register publication that 
includes the Unified Agenda.
    Beginning with the fall 2007 edition, the Internet has been the 
primary medium for disseminating the Unified Agenda. The complete 
Unified Agenda will be available online at www.reginfo.gov and 
www.regulations.gov, in a format that offers users an enhanced ability 
to obtain information from the Agenda database. Because publication in 
the Federal Register is mandated for the regulatory flexibility agenda 
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's 
printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda published on the Internet. In addition, for fall 
editions of the Agenda, the entire Regulatory Plan will continue to be 
printed in the Federal Register, as in past years.

Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

         Financial Crimes Enforcement Network--Final Rule Stage
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                                                           Regulation
       Sequence No.                    Title             Identifier No.
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362.......................  Financial Crimes                   1506-AB25
                             Enforcement Network:
                             Customer Due Diligence
                             Requirements for
                             Financial Institutions.
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DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Final Rule Stage

362. Financial Crimes Enforcement Network: Customer Due Diligence 
Requirements for Financial Institutions

    Legal Authority: 31 U.S.C. 5311 to 5314; 12 U.S.C. 1829b
    Abstract: The Financial Crimes Enforcement Network (FinCEN), after 
consulting with staff from various Federal supervisory authorities, is 
proposing rules under the Bank Secrecy Act to clarify and strengthen 
customer due diligence requirements for: (i) Banks; (ii) brokers or 
dealers in securities; (iii) mutual funds; and (iv) futures commission 
merchants and introducing brokers in commodities. The proposed rules 
would contain explicit customer due diligence requirements and would 
include a new requirement to identify beneficial owners of legal entity 
customers, subject to certain exemptions.
    Timetable:

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               Action                    Date            FR Cite
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NPRM................................   08/04/14  79 FR 45151
NPRM Comment Period End.............   10/03/14
Final Action........................   01/00/16
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    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Michael Vallely, Senior Regulatory Program Manager, 
Department of the Treasury, Financial Crimes Enforcement Network, 2070 
Chain Bridge Road, Vienna, VA 22183-2536, Phone: 703 905-3851, Email: 
[email protected].
    RIN: 1506-AB25

[FR Doc. 2015-31005 Filed 12-14-15; 8:45 am]
BILLING CODE 4810-02-P