[Federal Register Volume 87, Number 186 (Tuesday, September 27, 2022)]
[Notices]
[Page 58645]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-20820]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Financial Crimes Enforcement Network (FinCEN)

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

ACTION: Notice.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other federal agencies to comment on proposed or continuing 
information collections, as required by the Paperwork Reduction Act of 
1995.

DATES: Comments should be received on or before October 27, 2022 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.
    Copies of the submissions may be obtained from Melody Braswell by 
emailing [email protected], calling (202) 622-1035, or viewing the 
entire information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Financial Crimes Enforcement Network (FinCEN)

    Title: Information Sharing Between Government Agencies and 
Financial Institutions.
    OMB Control Number: 1506-0049.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for regulations requiring information sharing between government 
agencies and financial institutions.
    Affected Public: Businesses or other for-profit and non-profit 
institutions.
    Type of Review: Extension of a currently approved collection.
    Frequency: As required.
    Estimated Number of Respondents: 14,960.
    Estimated Annual Responses per Respondent: 365 searches/responses.
    Estimated Reporting and Recordkeeping Burden: In general, FinCEN 
receives requests from law enforcement, reviews those requests, posts 
those requests on a secure internet website, and sends notifications to 
designated contacts within financial institutions across the United 
States once every two weeks. Financial institutions must query their 
records for data matches, including accounts maintained by the named 
subject during the preceding 12 months and transactions conducted 
within the last six months. Financial institutions have two weeks from 
the posting date of the request to respond with any positive matches. 
FinCEN estimates that it will take approximately 4 minutes to research 
and report, as necessary, each subject of a 314(a) request. FinCEN has 
been estimating a burden of 4 minutes per subject in PRA renewals since 
the expansion of the rule in 2010.
    Estimated Burden Hours per Respondent: 24 hours annually.
    Estimated Total Annual Burden Hours: 363,827.
    Estimated Total Annual Cost: $34,563,565.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-20820 Filed 9-26-22; 8:45 am]
BILLING CODE 4810-02-P