[Federal Register Volume 87, Number 190 (Monday, October 3, 2022)]
[Notices]
[Pages 59865-59866]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-21209]


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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

[Docket No.: OFAC-2022-0004]


Agency Information Collection Activities; Proposed Collection; 
Comment Request for Persons Providing Remittance Forwarding Services to 
Cuba

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice and request for comments.

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[[Page 59866]]

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. Currently, the Office of Foreign Assets Control (OFAC) within the 
Department of the Treasury is soliciting comments concerning OFAC's 
information collection requirements for persons using remittance 
forwarding services related to Cuba, which are contained within the 
Cuban Assets Control Regulations.

DATES: Written comments must be submitted on or before December 2, 2022 
to be assured of consideration.

ADDRESSES: You may submit comments by either of the following methods:
    Federal eRulemaking Portal: https://www.regulations.gov. Follow the 
instructions on the website for submitting comments.
    Email: [email protected] with Attn: Request for Comments 
(Cuban Remittance Forwarding Services).
    Instructions: All submissions received must include the agency name 
and refer to Docket Number OFAC-2022-0004 and the Office of Management 
and Budget (OMB) control number 1505-0167. Comments received will be 
made available to the public via https://www.regulations.gov or upon 
request, without change and including any personal information 
provided.

FOR FURTHER INFORMATION CONTACT: OFAC: Assistant Director for 
Licensing, 202-622-2480; Assistant Director for Regulatory Affairs, 
202-622-4855; or Assistant Director for Sanctions Compliance & 
Evaluation, 202-622-2490.

SUPPLEMENTARY INFORMATION: 
    Title: Persons Providing Remittance Forwarding Services to Cuba.
    OMB Number: 1505-0167.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: Requirements to retain records are codified in Sec.  
515.572(b) of the Cuban Assets Control Regulations, 31 CFR part 515 
(the ``Regulations''). Pursuant to 515.572(b)(1), persons subject to 
U.S. jurisdiction who provide authorized remittance forwarding services 
related to Cuba are required to maintain for at least five years from 
the date of the transaction a certification from each customer 
indicating the section of Regulations or, if relevant, the number of 
the specific license, that authorizes the person to send the remittance 
to Cuba. The recordkeeping burden associated with Sec.  515.572(b)(2) 
is addressed in 1505-0164.
    The records covered by this information collection must be provided 
on request to the U.S. Department of the Treasury and will be used to 
monitor compliance with regulations governing transactions related to 
authorized remittances to or from Cuba using remittance forwarding 
service providers who are persons subject to U.S. jurisdiction.
    Forms: Section 515.572(b)(1) does not specify any particular form 
of recordkeeping.
    Affected Public: Individuals, households, businesses, non-
governmental organizations and banking institutions. The likely 
respondents and record-keepers affected by this collection of 
information are persons using and providing U.S. remittance forwarding 
services.
    Estimated Number of Unique Respondents: Based on newly acquired 
data and OFAC's revised methodology, the estimated number of annual 
respondents is 1,500,000.
    Estimated Number of Records per Respondent: Based on newly acquired 
data and OFAC's revised methodology, the estimated number of records is 
approximately 1.2 records per respondent per year. (Some respondents 
may produce far more records; 1.2 records per respondent is an 
average.)
    Estimated Total Number of Annual Records: Based on additional data 
and OFAC's revised methodology, as well as the effects of the pandemic 
and regulatory changes, the estimated total number of annual records is 
approximately 1,800,000.
    Estimated Time Per Record: OFAC assesses that there is an average 
time estimate of 1 minute per record.
    Estimated Total Annual Burden Hours: The estimated total annual 
reporting burden is approximately 1,800,000 minutes or approximately 
30,000 hours.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and included in the request for OMB approval. All comments will become 
a matter of public record. Comments are invited on: (a) whether the 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services required to provide information.

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

Andrea Gacki,
Director, Office of Foreign Assets Control.
[FR Doc. 2022-21209 Filed 9-30-22; 8:45 am]
BILLING CODE 4810-AL-P