[Federal Register: December 20, 2007 (Volume 72, Number 244)]
[Notices]
[Page 72442]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr20de07-122]
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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 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'' (MLR). The OCC is also giving notice that
it has sent the information collection to OMB for review.
DATES: Comments must be submitted by January 22, 2008.
ADDRESSES: 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 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 MLR 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. The information collection only includes community
banks.
Burden Estimates:
Estimated Number of Respondents: 1,670.
Estimated Number of Responses: 1,670.
Frequency of Response: Annually.
Estimated Annual Burden: 10,020 hours.
Comments: The OCC requested comments on the renewal of the
information collection (72 FR 44920, August 9, 2007). Two comments were
received. Comments continue to be 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: December 14, 2007.
Stuart Feldstein,
Assistant Director, Legislative and Regulatory Activities Division,
Office of the Comptroller of the Currency.
[FR Doc. E7-24722 Filed 12-19-07; 8:45 am]
BILLING CODE 4810-33-P