[Federal Register Volume 83, Number 165 (Friday, August 24, 2018)]
[Notices]
[Page 42981]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-18332]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Comprehensive Iran Sanctions, Accountability, 
and Divestment Act of 2010 (``CISADA'') Reporting Requirements

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before September 24, 2018 to 
be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network (FinCEN)

    Title: Comprehensive Iran Sanctions, Accountability, and Divestment 
Act of 2010 (``CISADA'') Reporting Requirements under Section 104(e).
    OMB Control Number: 1506-0066.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: FinCEN, to comply with the congressional mandate to 
prescribe regulations under section 104(e) of the Comprehensive Iran 
Sanctions, Accountability, and Divestment Act of 2010 (``CISADA'') and 
consistent with its statutory mission under 31 U.S.C. 310, issued 
regulations that would require a U.S. bank that maintains a 
correspondent account for a foreign bank to inquire of the foreign 
bank, and report to FinCEN, with respect to whether the foreign bank 
maintains a correspondent account for, or has processed one or more 
transfers of funds within the preceding 90 calendar days, other than 
through a correspondent account, related to any financial institution 
designated by the U.S. Government in connection with Iran's 
proliferation of weapons of mass destruction or delivery systems for 
weapons of mass destruction, or in connection with Iran's support for 
international terrorism. In addition, FinCEN is requiring a U.S. bank 
that maintains a correspondent account for a foreign bank to inquire of 
the foreign bank, and report to FinCEN, with respect to whether the 
foreign bank has processed one or more transfers of funds within the 
preceding 90 calendar days related to Iran's Islamic Revolutionary 
Guard Corps (``IRGC'') or any of its agents or affiliates designated by 
the U.S. Government. Under the regulations, U.S. banks will only be 
required to report this information to FinCEN upon receiving a specific 
written request from FinCEN.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,825.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: August 21, 2018.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2018-18332 Filed 8-23-18; 8:45 am]
 BILLING CODE 4810-02-P