[Federal Register: August 9, 2007 (Volume 72, Number 153)]
[Notices]               
[Page 44920-44921]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09au07-130]                         

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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency

 
Agency Information Collection Activities: Proposed Information 
Collection; 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 comment on a proposed information collection, as required 
by the Paperwork Reduction Act of 1995. An agency may not conduct or 
sponsor, and a respondent is not required to respond to, an information 
collection unless it displays a currently valid Office of Management 
and Budget (OMB) control number. The OCC is soliciting comments 
concerning an information collection titled ``Bank Secrecy Act/Money 
Laundering Risk Assessment'' (a.k.a. Money Laundering Risk (MLR) 
System.

DATES: Comments must be submitted by October 9, 2007.

ADDRESSES: Communications Division, Office of the Comptroller of the

[[Page 44921]]

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 may personally inspect and photocopy 

comments at the OCC's Public Information Room, 250 E. Street, SW., 
Washington, DC. For security reasons, the OCC requires that visitors 
make an appointment to inspect comments. You may do so by calling (202) 
874-5043. Upon arrival, visitors will be required to present valid 
government-issued photo identification and submit to security screening 
in order to inspect and photocopy comments.
    Additionally, you should send a copy of your comments to OMB Desk 
Officer, 1557-0231, by mail to U.S. Office of Management and Budget, 
725 17th St., NW., 10235, or by fax to (202) 395-6974.

FOR FURTHER INFORMATION CONTACT: You can request additional information 
or a copy of the collection and supporting documentation submitted to 
OMB by contacting: Mary Gottlieb, (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 the approval 
for the following information collection:
    Title: Bank Secrecy Act/Anti-Money Laundering Risk Assessment.
    OMB Number: 1557-0231.
    Affected Public: Businesses or other for-profit.
    Type of Review: Regular review.
    Abstract: The Risk Assessment enhances 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.
    Burden Estimates:
    Estimated Number of Respondents: 1,750.
    Estimated Number of Responses: 1,750.
    Frequency of Response: Annually.
    Estimated Annual Burden: 13,960 hours.
    Comments: All comments will be considered in formulating the 
subsequent submission and 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 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: July 20, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency.
[FR Doc. E7-15502 Filed 8-8-07; 8:45 am]

BILLING CODE 4810-33-P