Suspicious Activity Report by Depository Institutions

ICR 201804-1506-001

OMB: 1506-0001

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1506-0001 201804-1506-001
Historical Active 201411-1506-001
Suspicious Activity Report by Depository Institutions
Extension without change of a currently approved collection   No
Approved without change 03/22/2019
Retrieve Notice of Action (NOA) 04/26/2018
FinCEN will work with the Office of Information and Regulatory Affairs during the next 15 months to develop a better process and methodology for accurately estimating the burden and practical utility associated with the collection of Suspicious Activity Reports, and how to report such information under the Paperwork Reduction Act for each industry subject to the relevant regulations issued in implementing the Bank Secrecy Act.
  Inventory as of this Action Requested Previously Approved
07/31/2020 36 Months From Approved 03/31/2019
1 0 1
1 0 1
0 0 0

Under 31 CFR 1020.320, FinCEN requires depository institutions, to report on a consolidated form, to a single location, reports of suspicious transactions. The form is used by criminal investigators, and taxation and regulatory enforcement authorities, during the course of investigations involving financial crimes. This action renews the regulation only.

US Code: 31 USC 5318(g) Name of Law: Money and Finance

Not associated with rulemaking

  83 FR 5829 02/09/2018
83 FR 18394 04/26/2018

IC Title Form No. Form Name
Suspicious Activity Report by Depository Institutions FinCEN 111 Suspicious Activity Report

  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 1 1 0 0 0 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Russell Stephenson 202 354-6012


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.

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