[Federal Register Volume 88, Number 104 (Wednesday, May 31, 2023)]
[Notices]
[Pages 34929-34930]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-11458]


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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, 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.

DATES: Comments should be received on or before June 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.
    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)

    1. Title: Information Collection Requirements in Connection with 
the Imposition of a Special Measure Against Commercial Bank of Syria, 
Including its Subsidiary, Syrian Lebanese Commercial Bank, as a 
Financial Institution of Primary Money Laundering Concern.
    OMB Control Number: 1506-0036.
    Report Number: Not applicable.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the imposition of a special measure against the Commercial 
Bank of Syria, including its subsidiary Syrian Lebanese Commercial 
Bank, as a financial institution of primary money

[[Page 34930]]

laundering concern pursuant to the authority contained in 31 U.S.C. 
5318A. See 31 CFR 1010.653.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses or other for-profit institutions, and 
not-for-profit institutions.
    Frequency: One time notification and recordkeeping associated with 
the notification. See 31 CFR part 1010.653(b)(2)(i)(A) and 31 CFR part 
1010.653(b)(3)(i).
    Estimated Number of Respondents: 15,960.
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    \1\ All counts are from the Q3 2022 Federal Financial 
Institutions Examination Council (FFIEC) Call Report data, available 
at https://cdr.ffiec.gov/public/pws/downloadbulkdata.aspx. Data for 
institutions that are not insured, are insured under non-FDIC 
deposit insurance regimes, or do not have a Federal functional 
regulator are from the FDIC's Research Information System, available 
at https://www.fdic.gov/foia/ris/index.html.
    \2\ Credit union data are from the National Credit Union 
Administration (NCUA) for Q3 2022, available at https://ncua.gov/analysis/credit-union-corporate-call-report-data.
    \3\ According to the SEC, there are 3,527 brokers or dealers in 
securities as of the end of fiscal year 2021. See SEC, Fiscal Year 
2023 Congressional Budget Justification, p. 33, https://www.sec.gov/files/FY%202023%20Congressional%20Budget%20Justification%20Annual%20Performance%20Plan_FINAL.pdf.
    \4\ According to information provided by the SEC as of December 
2022 (including filings made through January 20, 2023), there are 
1,378 open-end registered investment companies that report on Form 
N-CEN. FinCEN assesses that such companies would be responsible for 
implementing the requirements imposed through the final rule issued 
on March 15, 2006.
    \5\ As of November 30, 2022, there are 62 futures commission 
merchants. See Commodity Futures Trading Commission, ``Financial 
Data for FCMs'', dated November 2022, available at https://www.cftc.gov/MarketReports/financialfcmdata/index.htm. Additionally, 
as of December 31, 2022, there are 974 introducing brokers in 
commodities according to the Commodity Futures Trading Commission. 
These two counts total 1,036.

              Respondent Financial Institutions by Category
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                     Type of institution                         Count
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Banks, savings associations, thrifts, trust companies \1\....      5,102
Credit Unions \2\............................................      4,917
Broker-dealers \3\...........................................      3,527
Mutual funds \4\.............................................      1,378
Futures commission merchants and introducing brokers in            1,036
 commodities \5\.............................................
                                                              ----------
    Total....................................................     15,960
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    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden: 15,960 hours (15,960 respondents x 1 
hour).
    2. Title: Information Collection Requirements in Connection with 
the Imposition of the Fifth Special Measure Against the Islamic 
Republic of Iran as a Jurisdiction of Primary Money Laundering Concern.
    OMB Control Number: 1506-0074.
    Report Number: Not applicable.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the imposition of a special measure against the Islamic 
Republic of Iran as a jurisdiction of primary money laundering concern 
pursuant to the authority contained in 31 U.S.C. 5318A. See 31 CFR 
1010.661.
    Type of Review: Extension without change of a currently approved 
collection.
    Affected Public: Businesses or other for-profit institutions, and 
not-for-profit institutions.
    Frequency: One time notification and recordkeeping associate with 
the notification. See 31 CFR 1010.661(b)(3)(i)(A) and 
1010.661(b)(4)(i).
    Estimated Number of Respondents: 15,960.
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    \6\ All counts are from the Q3 2022 Federal Financial 
Institutions Examination Council (FFIEC) Call Report data, available 
at https://cdr.ffiec.gov/public/pws/downloadbulkdata.aspx. Data for 
institutions that are not insured, are insured under non-FDIC 
deposit insurance regimes, or do not have a Federal functional 
regulator are from the FDIC's Research Information System, available 
at https://www.fdic.gov/foia/ris/index.html.
    \7\ Credit union data are from the National Credit Union 
Administration (NCUA) for Q3 2022, available at https://ncua.gov/analysis/credit-union-corporate-call-report-data.
    \8\ According to the SEC, there are 3,527 brokers or dealers in 
securities as of the end of fiscal year 2021. See SEC, Fiscal Year 
2023 Congressional Budget Justification, p. 33, https://www.sec.gov/files/FY%202023%20Congressional%20Budget%20Justification%20Annual%20Performance%20Plan_FINAL.pdf.
    \9\ According to information provided by the SEC as of December 
2022 (including filings made through January 20, 2023), there are 
1,378 open-end registered investment companies that report on Form 
N-CEN. FinCEN assesses that such companies would be responsible for 
implementing the requirements imposed through the final rule issued 
on March 15, 2006.
    \10\ As of November 30, 2022, there are 62 futures commission 
merchants. See Commodity Futures Trading Commission, ``Financial 
Data for FCMs'', dated November 2022, available at https://www.cftc.gov/MarketReports/financialfcmdata/index.htm. Additionally, 
as of December 31, 2022, there are 974 introducing brokers in 
commodities according to the Commodity Futures Trading Commission. 
These two counts total 1,036.

              Respondent Financial Institutions by Category
------------------------------------------------------------------------
                     Type of Institution                         Count
------------------------------------------------------------------------
Banks, savings associations, thrifts, trust companies \6\....      5,102
Credit Unions \7\............................................      4,917
Broker-dealers \8\...........................................      3,527
Mutual funds \9\.............................................      1,378
Futures commission merchants and introducing brokers in            1,036
 commodities \10\............................................
                                                              ----------
    Total....................................................     15,960
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    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden: 15,960 hours (15,960 respondents x 1 
hour).
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-11458 Filed 5-30-23; 8:45 am]
BILLING CODE 4810-02-P