Registration of Money Services Business, 31 CFR 1022.380

Forms and Documents

Document Name	Status
Form FinCEN Form 107 Registration of Money Services Business, 31 CFR 1022.380 Form and Instruction	Modified
Supplement to form 83-I RMSB 2012.doc Supporting Statement B	2012-02-03
Supplement to form 83-I RMSB 2012[1].doc Supporting Statement A	2012-04-05

IC Document Collections

IC ID	Document Title	Status
15303	Registration of Money Services Business, 31 CFR 1022.380 Form and Instruction	Modified

ICR Details

OMB Control No: 1506-0013	ICR Reference No: 201201-1506-002
Status: Historical Active	Previous ICR Reference No: 201106-1506-001
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Registration of Money Services Business, 31 CFR 1022.380
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 04/06/2012
	Date Received in OIRA: 02/03/2012
Terms of Clearance: Supporting statement revised to address public comments.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2015	36 Months From Approved	08/31/2014
Responses	44,300	0	42,000
Time Burden (Hours)	44,300	0	42,000
Cost Burden (Dollars)	0	0	0

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Abstract: Money services businesses file form 107 to register with the Department of the Treasury pursuant to 31 USC 5330 and 31 CFR 1022.380. The information on the form is used by criminal investigators, and taxation and regulatory enforcement authorities, during the course of investigations involving financial crimes.

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Authorizing Statute(s): US Code: 31 USC 5330 Name of Law: Money and Finance
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1506-AB07	Final or interim final rulemaking	76 FR 45403	07/29/2011

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 62149	10/06/2011
Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Registration of Money Services Business, 31 CFR 1022.380	FinCEN Form 107	Registration of Money Services Business

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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	44,300	42,000	0	2,300	0	0
Annual Time Burden (Hours)	44,300	42,000	0	2,300	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: Changing Regulations

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

Burden Reduction Due to:

Short Statement: This change adds 700 providers of prepaid access to this ICR. See Reference 201006-1506-004. Additionally, the 1600 difference reflects an increase in the total number of MSB's registered.

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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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 02/03/2012

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