FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS RELATING TO TRANSMITTAL ORDERS FOR FUNDS TRANSFERS

Forms and Documents

Document	Type	Status	Availability

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Collection	Type	Status	Form
124485	FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS RELATING TO TRANSMITTAL ORDERS FOR FUNDS TRANSFERS	Form	Migrated

ICR Details

OMB Control No: 1505-0063	ICR Reference No: 199308-1505-008
Status: Historical Active	Previous ICR Reference No: 199212-1505-002
Agency/Subagency: TREAS/DO	Agency Tracking No:
Title: FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS RELATING TO TRANSMITTAL ORDERS FOR FUNDS TRANSFERS
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/28/1993
	Date Received in OIRA: 08/25/1993
Terms of Clearance: We have combined the information collections contained in the two proposed Bank Secrecy Act NPRM's falling in Part 103 of 31 CFR and submitted separately to OMB on August 25, 1993. This review action therefore will include collections contained in Sections 103.11, 103.2 103.33(h)(1)(i) through (iii), 103.33(e), 103.33(f), and 103.33(g) as submitted. The requested burden changes for these sections has been combined. The expiration date of this docket continues to be January 1996 to indicate that the collections approved January 1, 1993 continu to be approved excepting as modified by this submission. We are approving these collections with the understanding that the Department will respond to public comments by: 1) delaying implementation sufficiently to ensure that fund transfers systems have been modified as planned to accommodate the messages required by these regulations and to provide adequate time for programing and training staff, 2) provide nonbanking institutions making wire transfe equal treat with banks with respect to the identification of regular customers, and 3) provide a cutoff for the identification of small customers such as tourists with a need for cash in emergency situation

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/1996	01/31/1996	01/31/1996
Responses	6,397,832	0	6,337,833
Time Burden (Hours)	11,510,025	0	11,492,527
Cost Burden (Dollars)	0	0	0

---

Abstract: THE TREASURY DEPARTMENT MUST ASSURE THAT NEW JERSEY AND PUERTO RICO CASINOS ARE IN COMPLIANCE WITH THE BANK SECRECY ACT AND REGULATIONS THEREUNDER, 31 CFR PART 103. THE PROPOSED REGULATIONS WOULD CORRECT HERETOFORE NONCOMPLIANCE AND AID THE IRS IN REVIEWING COMPLIANCE AND KEEP RECORDS AND FILE REPORTS THAT THE SECRETARY DETERMINES HAVE A HIG DEGREE OF USEFULNESS IN CRIMINAL, TAX, OR REGULATORY MATTERS.

---

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
FINANCIAL RECORDKEEPING AND REPORTING OF CURRENCY AND FOREIGN TRANSACTIONS RELATING TO TRANSMITTAL ORDERS FOR FUNDS TRANSFERS	IRS 4789, 8362,, CUSTOMS 4790, T 90-22.1

---

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	6,397,832	6,337,833	0	59,999	0	0
Annual Time Burden (Hours)	11,510,025	11,492,527	0	17,498	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

---

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  No

---

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 08/25/1993

---