[Federal Register Volume 84, Number 239 (Thursday, December 12, 2019)]
[Notices]
[Page 67963]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-26767]


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NATIONAL CREDIT UNION ADMINISTRATION


Agency Information Collection Activities: Proposed Collection; 
Comment Request; Monitoring Bank Secrecy Act Compliance

AGENCY: National Credit Union Administration (NCUA).

ACTION: Notice and request for comment.

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SUMMARY: The National Credit Union Administration (NCUA), as part of a 
continuing effort to reduce paperwork and respondent burden, invites 
the general public and other Federal agencies to comment on the 
following extension of a currently approved collection, as required by 
the Paperwork Reduction Act of 1995.

DATES: Written comments should be received on or before January 13, 
2020 to be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of this 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 
NCUA, New Executive Office Building, Room 10235, Washington, DC 20503, 
or email at [email protected] and (2) NCUA PRA Clearance 
Officer, 1775 Duke Street, Suite 5080, Alexandria, VA 22314, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by contacting Mackie Malaka at (703) 548-2704, emailing 
[email protected], or viewing the entire information collection 
request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    OMB Number: 3133-0108.
    Title: Monitoring Bank Secrecy, 12 CFR part 748.2.
    Form: NCUA 1092, 1093, and 1093C.
    Type of Review: Extension of a currently approved collection.
    Abstract: Section 748.2 of NCUA's regulations, directs credit 
unions to establish a Bank Secrecy Act (BSA) compliance program that 
maintains procedures designed to assure and monitor compliance with the 
requirement of 31 U.S.C., Chap. 53, Subchapter II (sec. 5301-5329), the 
Bank Secrecy Act (31 U.S.C. 5318(g)), and 31 CFR Chapter X (parts 1000-
1099), Financial Crimes Enforcement Network, Department of the 
Treasury. Each federally insured credit union (FICU) must develop and 
provide for the continued administration of a BSA compliance program to 
assure and monitor compliance with the recordkeeping and recording 
requirements prescribed by the BSA. At a minimum, a compliance program 
shall provide for a system of internal controls, independent testing 
for compliance, designation of an individual responsible for 
coordinating and monitoring day-to-day compliance; and training. NCUA 
examiners review the program to determine whether the credit union's 
procedures comply with all BSA requirements.
    Affected Public: Private Sector: Not-for-profit institutions.
    Estimated Total Annual Burden Hours: 84,928.

    By Gerard Poliquin, Secretary of the Board, the National Credit 
Union Administration, on December 9, 2019.

    Dated: December 9, 2019.
Mackie I. Malaka,
NCUA PRA Clearance Officer.
[FR Doc. 2019-26767 Filed 12-11-19; 8:45 am]
 BILLING CODE 7535-01-P