Currency Transaction Reporting Requirements for Casinos

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form FinCEN 112 Electronic currency transaction report	Form and Instruction	Modified	Available
Form FinCEN 112 Currency Transaction Report by Casinos	Form and Instruction	Modified	Repair queued
CTR Supporting Statement 5_29_2024 Final.docx	Supporting Statement A	Uploaded 2024-05-29	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
15278	Currency Transaction Report by Casinos	Form and Instruction	Modified	Electronic currency transaction report
15278	Currency Transaction Report by Casinos	Form and Instruction	Modified

ICR Details

OMB Control No: 1506-0005	ICR Reference No: 202405-1506-004
Status: Active	Previous ICR Reference No: 202007-1506-004
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Currency Transaction Reporting Requirements for Casinos
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/24/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 05/31/2024
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2027	36 Months From Approved	09/30/2024
Responses	1	0	1
Time Burden (Hours)	1	0	1
Cost Burden (Dollars)	0	0	0

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Abstract: Under 31 U.S.C. 5313, the Secretary of the Treasury is authorized to require financial institutions to report currency transactions as prescribed by regulation. Regulations implementing 31 U.S.C. 5313 are found at 31 CFR 1010.310 through 1010.314, 31 CFR 1021.311, and 31 CFR 1021.313. The regulations and related form correspond to the following OMB control numbers: 1506-0004, 1506-0005, and 1506-0064. This supporting statement is being issued in connection with the renewal of OMB control numbers 1506-0004, 1506-0005, and 1506-0064. An administrative burden of one hour is assigned to each of the two CTR regulation OMB control numbers 1506-0004 and 1506-0005 in order to maintain the requirements in force. The full reporting and recordkeeping burden associated with the reporting requirement is accounted for in FinCEN Form 112 – Currency Transaction Report (CTR) under OMB control number 1506-0064. The rationale for assigning the nominal amount of one burden hour to the two CTR regulation OMB control numbers 1506-0004 and 1506-0005 is that the annual burden hours would be double counted if FinCEN estimated the full burden of reporting in each CTR regulation OMB control number and in the CTR – Form 112 OMB control number.

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Authorizing Statute(s): US Code: 31 USC 5313 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:
	89 FR 7767	02/05/2024
30-day Notice:	Federal Register Citation:	Citation Date:
	89 FR 47239	05/31/2024
Did the Agency receive public comments on this ICR? Yes

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

table that charts list of burden

IC Title	Form No.	Form Name
Currency Transaction Report by Casinos	FinCEN 112	Electronic currency transaction report

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ICR Summary of Burden

table that charts list 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	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

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:

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Annual Cost to Federal Government: $0

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: 05/31/2024

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