Report of Transportation of Currency or Monetary Instruments

Forms and Documents

Document Name	Status
Form FinCEN 105 Report of Transportation of Currency or Monetary Instruments Form and Instruction	Modified
1506-0014- CMIR Supporting Statement 05242022 FINAL.docx Supporting Statement A	2022-05-24

IC Document Collections

IC ID	Document Title	Status
15307	Report of Transportation of Currency or Monetary Instruments Form and Instruction	Modified

ICR Details

OMB Control No: 1506-0014	ICR Reference No: 202205-1506-001
Status: Received in OIRA	Previous ICR Reference No: 201808-1506-007
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Report of Transportation of Currency or Monetary Instruments
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/01/2022

	Requested	Previously Approved
Expiration Date	36 Months From Approved	06/30/2022
Responses	184,709	280,000
Time Burden (Hours)	49,751	140,000
Cost Burden (Dollars)	0	0

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Abstract: 31 U.S.C. 5316 requires, with limited exceptions, that a person, or an agent or bailee of the person, file a report when the person, agent, or bailee knowingly: (i) transports, is about to transport, or has transported monetary instruments of more than $10,000 at one time from a place in the United States to or through a place outside the United States, or to a place in the United States from or through a place outside the United States; or (ii) receives monetary instruments of more than $10,000 at one time transported into the United States from or through a place outside the United States. The regulations implementing this statutory requirement are found at 31 CFR 1010.340.

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Authorizing Statute(s): US Code: 31 USC 5316 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:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 16548	03/23/2022
30-day Notice:	Federal Register Citation:	Citation Date:
	87 FR 32504	05/31/2022
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Report of Transportation of Currency or Monetary Instruments	FinCEN 105	CMIR

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ICR Summary of Burden

	Total Request	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	184,709	280,000	0	0	-95,291	0
Annual Time Burden (Hours)	49,751	140,000	0	0	-90,249	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The estimated total annual burden hours decreased by 90,249 hours from 140,000 hours in 2018, to 49,751 hours in 2022. The decrease is due to two factors. First, the annual hourly burden estimate per respondent changed from 30 minutes for all reports in 2018, to, in 2022, (i) 15 minutes per report filed by travelers reporting transactions involving their own currency or monetary instruments, and (ii) 30 minutes per report filed by currency transporters reporting transactions on behalf of others. Second, the reduction in burden is a result of a decrease in the estimated annual CMIRs from 280,000 in 2018, to 184,709 in 2022.

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Annual Cost to Federal Government: $1,434,835

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? No

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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: 05/31/2022

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