[Federal Register Volume 85, Number 81 (Monday, April 27, 2020)]
[Notices]
[Page 23436]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08827]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple Financial Crimes Enforcement Network 
Information Collection Requests

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 May 27, 2020 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network (FinCEN)

    1. Title: Registration of Money Services Business.
    OMB Control Number: 1506-0013.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Under 31 U.S.C. 5330 and its implementing regulation 
(31 CFR 1022.380), money services businesses must file an initial 
registration report with FinCEN, renew their registration every two 
years, re-register under certain circumstances, and maintain a list of 
their agents.
    Form: FinCEN Report 107.
    Affected Public: Business or other for-profit institutions.
    Estimated Number of Respondents: 36,408.
    Frequency of Response: As required, Every two years, and Annually.
    Estimated Total Number of Annual Responses: 36,408.
    Estimated Time per Response: Varies from 30-70 minutes depending on 
type of registration.
    Estimated Total Annual Burden Hours: 22,007.
    2. Title: Imposition of Special Measure concerning the Islamic 
Republic of Iran as a Jurisdiction of Primary Money Laundering Concern.
    OMB Control Number: 1506-0074.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: FinCEN issued a final rule on November 4, 2019, 
imposing the fifth special measure to prohibit U.S. financial 
institutions from opening or maintaining a correspondent account for, 
or on behalf of, Iranian banking institutions. (84 FR 59302). The rule 
further prohibits U.S. financial institutions from processing 
transactions for the correspondent account of a foreign bank in the 
United States if such a transaction involves an Iranian financial 
institution, and requires institutions to apply special due diligence 
to guard against such use by Iranian financial institutions. See 31 CFR 
1010.661.
    Form: None.
    Affected Public: Business or other for-profit institutions.
    Estimated Number of Respondents: 23,615.
    Frequency of Response: One-time notification.
    Estimated Total Number of Annual Responses: 23,615.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 23,615.

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

    Dated: April 21, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-08827 Filed 4-24-20; 8:45 am]
 BILLING CODE 4810-02-P