[Federal Register Volume 75, Number 53 (Friday, March 19, 2010)]
[Notices]
[Pages 13343-13344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-6089]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network; Proposed Renewal Without
Change; Comment Request; Imposition of Special Measure Against Banco
Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and
Delta Asia Insurance Limited, as a Financial Institution of Primary
Money Laundering Concern
AGENCY: Financial Crimes Enforcement Network, Department of the
Treasury.
ACTION: Notice and request for comments.
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SUMMARY: As part of our continuing effort to reduce paperwork and
respondent burden, we invite comment on a renewal, without change, to
information collection requirements finalized on March 19, 2007 (72 FR
12730, RIN 1506-AA83) imposing a special measure against Banco Delta
Asia, including its subsidiaries Delta Asia Credit Limited and Delta
Asia Insurance Limited, as a financial institution of primary money
laundering concern. This request for comments is being made pursuant to
the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C.
3506(c)(2)(A).
DATES: Written comments are welcome and must be received on or before
May 18, 2010.
ADDRESSES: Written comments should be submitted to: Financial Crimes
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comment
Request; Imposition of Special Measure against Banco Delta Asia,
Comments also may be submitted by electronic mail to the following
Internet address: [email protected], again with a caption, in the
body of the text, ``Attention: Comment Request; Imposition of Special
Measure against Banco Delta Asia.''
Inspection of comments: Comments may be inspected, between 10 a.m.
and 4 p.m., in the FinCEN reading room in Vienna, VA. Persons wishing
to inspect the comments submitted must request an appointment with the
Disclosure Officer by telephoning (703) 905-5034 (not a toll free
call).
FOR FURTHER INFORMATION CONTACT: Financial Crimes Enforcement Network,
Regulatory Policy and Programs Division at (800) 949-2732, Option 6.
SUPPLEMENTARY INFORMATION: Abstract: The Director of the Financial
Crimes Enforcement Network is the delegated administrator of the Bank
Secrecy Act (``Act''). The Act authorizes the Director to issue
regulations to require all financial institutions defined as such in
the Act to maintain or file certain reports or records that have been
determined to have a high degree of usefulness in criminal, tax, or
regulatory investigations or proceedings, or in the conduct of
intelligence or counter-intelligence activities, including analysis, to
protect against international terrorism.\1\
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\1\ Public Law 91-508, as amended and codified at 12 U.S.C.
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. Language
expanding the scope of the Bank Secrecy Act to intelligence or
counter-intelligence activities to protect against international
terrorism was added by section 358 of the Uniting and Strengthening
America by Providing Appropriate Tools Required to Intercept and
Obstruct Terrorism (USA PATRIOT) Act of 2001, Public Law 107-56.
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The notice of final rulemaking implementing section 5318A of title
31, United States Code, finalized 31 CFR 103 to add 31 CFR 103.193. In
general, the regulations require financial institutions, as defined in
31 U.S.C. 5312(a)(2) and 31 CFR 103.11 to establish, document, and
maintain programs as an aid in protecting and securing the U.S.
financial system.
Title: Imposition of Special Measure Against Banco Delta Asia,
including its
[[Page 13344]]
subsidiaries Delta Asia Credit Limited and Delta Asia Insurance
Limited, as a financial institution of primary money laundering
concern.
Office of Management and Budget Control Number: 1506-0045.
Abstract: The Financial Crimes Enforcement Network is issuing this
notice to renew the control number for the imposition of a special
measure against Banco Delta Asia, including its subsidiaries Delta Asia
Credit Limited and Delta Asia Insurance Limited, as a financial
institution of primary money laundering concern pursuant to the
authority contained in 31 U.S.C. 5318A.
Current Action: Renewal without change for existing regulations.
Type of Review: Extension of a currently approved information
collection.
Affected Public: Business and other for-profit institutions.
Burden: Estimated Number of Respondents: 5,000.
Estimated Number of Responses: 5,000.
Estimated Number of Hours: 5,000.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a valid
control number assigned by the Office of Management and Budget. Records
required to be retained under the Act must be retained for five years.
Generally, information collected pursuant to the Act is confidential
but may be shared as provided by law with regulatory and law
enforcement authorities.
Request for Comments:
Comments submitted in response to this notice will be summarized
and/or included in the request for Office of Management and Budget
approval. All comments will 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 shall have 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 of information on respondents, including through the use of
automated collection techniques or other forms of information
technology; and (e) estimates of capital or start-up costs and costs of
operation, maintenance and purchase of services to provide information.
Dated: March 15, 2010.
James H. Freis, Jr.,
Director, Financial Crimes Enforcement Network.
[FR Doc. 2010-6089 Filed 3-18-10; 8:45 am]
BILLING CODE 4810-02-P