[Federal Register: December 9, 2005 (Volume 70, Number 236)]
[Notices]               
[Page 73326-73327]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09de05-144]                         

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

 
Agency Information Collection Activities: Submission for OMB 
Review; Comment Request

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to take this opportunity to comment on a continuing 
information collection, as required by the Paperwork Reduction Act of 
1995. An agency may not conduct or sponsor, and a respondent is not 
requested to respond to, and information collection unless the 
information collection displays a currently valid OMB control number. 
The OCC is soliciting comment on an information collection titled 
``Bank Secrecy Act/Money Laundering Risk Assessment.'' The OCC also 
gives notice that it has sent the information collection to OMB for 
review and approval.

DATES: Written comments should be submitted by January 9, 2006.

ADDRESSES: You should direct your comments to:
    Communications Division, Office of the Comptroller of the Currency, 
Public Information Room, Mailstop 1-5, Attention: 1557-0231, 250 E 
Street, SW., Washington, DC 20219. In addition, comments may be sent by 
fax to (202) 874-4448, or by electronic mail to 
regs.comments@occ.treas.gov. You can inspect and photocopy the comments 

at the OCC's Public Information Room, 250 E Street, SW., Washington, DC 
20219. You can make an appointment to inspect the comments by calling 
(202) 874-5043.
    Additionally, you should send a copy of your comments to OCC Desk 
Officer, 1557-0231, by mail to U.S. Office of Management and Budget, 
725, 17th Street, NW., 10235, Washington, DC 20503, or by fax 
to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection from Mary Gottlieb, OCC Clearance Officer, 
or Camille Dixon, (202) 874-5090, Legislative and Regulatory Activities 
Division, Office of the Comptroller of the Currency, 250 E Street, SW., 
Washington, DC 20219.

SUPPLEMENTARY INFORMATION: The OCC is proposing to extend OMB approval, 
without change, of the following information collection:
    Title: Bank Secrecy Act/Anti-Money laundering Risk Assessment.
    OMB Number: 1557-0231.
    Form Number: N/A.
    Abstract: The Risk Assessment will enhance the ability of examiners 
and bank management to identify and evaluate any Bank Secrecy Act/Anti-
Money Laundering risks associated with the banks' products, services, 
customers, and locations. As new products and services are introduced, 
existing products and services change, and the banks expand through 
mergers and acquisitions, management's evaluation of money laundering 
and terrorist financing risks must evolve as well. Absent appropriate 
controls, such as this risk assessment, these lines of business, 
products, or entities could elevate Bank Secrecy Act/Anti-Money 
Laundering risks.
    Type of Review: Extension of approval for three years.
    Affected Public: Businesses or other for-profit.
    Number of Respondents: 2,042.
    Total Annual Responses: 2,042.
    Frequency of Response: Annually.
    Total Annual Burden Hours: 21,364.
    Comments are invited on: (a) Whether the collection of information 
is

[[Page 73327]]

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 on respondents, 
including through the use of automated collection techniques or other 
forms of information technology; and
    (e) Estimates of capital or startup costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Dated: December 2, 2005.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division.
[FR Doc. 05-23822 Filed 12-8-05; 8:45 am]

BILLING CODE 4810-33-M