Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR. The agency shall examine public comment in
response to the NPRM and will describe in the supporting statement
of its next collection any public comments received regarding the
collection as well as why (or why it did not) incorporate the
commenter’s recommendation. The next submission to OMB must include
the draft final rule.
Inventory as of this Action
Requested
Previously Approved
12/31/2016
36 Months From Approved
03/31/2017
10,843,875
0
10,843,875
7,041,290
0
7,041,290
0
0
0
: FinCEN is issuing final rules under
the Bank Secrecy Act to clarify and strengthen customer due
diligence requirements for: banks; brokers or dealers in
securities; mutual funds; and futures commission merchants and
introducing brokers in commodities. The rules contain explicit
customer due diligence requirements and include a new requirement
to identify and verify the identity of beneficial owners of legal
entity customers, subject to certain exclusions and
exemptions.
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:
(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;
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.