[Federal Register Volume 87, Number 249 (Thursday, December 29, 2022)]
[Notices]
[Pages 80261-80262]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-28350]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Persons Providing Remittance Forwarding 
Services to Cuba

AGENCY: Departmental Offices, U.S. 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. 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: Comments should be received on or before January 30, 2023 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 Melody Braswell by emailing [email protected], calling 
(202) 622-1035, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 
    Title: Persons Providing Remittance Forwarding Services to Cuba.
    OMB Number: 1505-0167.
    Type of Review: Revision 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 Sec.  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

[[Page 80262]]

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 
Coronavirus Disease 2019 (COVID-19) pandemic and regulatory changes 
affecting remittances, 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.

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

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2022-28350 Filed 12-28-22; 8:45 am]
BILLING CODE 4810-AL-P