Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Anti-Money Laundering/Countering the Financing of Terrorism Compliance-12 CFR Parts 21 and 163

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Suspicious Activity Report	Form	Modified	Available
Reports of Suspicious Activities - Reporting	Form	Modified	Repair queued
1557-0180 Supporting Statement AML-CFT NPR Final (Submitted to OMB).docx	Supporting Statement A	Uploaded 2024-10-04	Available
1557-0180 Supporting Statement AML-CFT NPR Final (Submitted to OMB).docx	Supporting Statement A	Uploaded 2024-10-04	Missing upstream

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
43923	Reports of Suspicious Activities - Reporting	Form	Modified	Suspicious Activity Report
43923	Reports of Suspicious Activities - Reporting	Form	Modified
271381	Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) program requirements. Maintain AML/CFT Program – (Ongoing)		New
271380	Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) program requirements. Establish AML/CFT Program – (Implementation)		New
243226	Request for SAR Exemption		Unchanged
236812	Bank Secrecy Act - Recordkeeping - Large Banks		Removed
236811	Bank Secrecy Act - Recordkeeping - Mid-Size		Removed
236810	Bank Secrecy Act - Recordkeeping - Community Banks		Removed
236809	Minimum Security Devices and Procedures - Recordkeeping		Modified
236808	Reports of Suspicious Activities - Recordkeeping		Modified

ICR Details

OMB Control No: 1557-0180	ICR Reference No: 202410-1557-002
Status: Historical Inactive	Previous ICR Reference No: 202203-1557-002
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Minimum Security Devices and Procedures, Reports of Suspicious Activities, and Anti-Money Laundering/Countering the Financing of Terrorism Compliance-12 CFR Parts 21 and 163
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 12/04/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 10/09/2024
Terms of Clearance: OIRA will review the submission again upon finalization of the rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2025	36 Months From Approved	06/30/2025
Responses	521,807	0	521,807
Time Burden (Hours)	615,380	0	615,380
Cost Burden (Dollars)	0	0	0

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Abstract: These recordkeeping and reporting requirements are needed to promote and monitor institution security and to ensure institution safety. The information is used by institutions, the OCC, and other agencies for bank security and law enforcement purposes. This ICR is being submitted in connection with a proposed rule that would amend the requirements issued by the Office of the Comptroller of the Currency (OCC), the Board of Governors of the Federal Reserve System (Board), Federal Deposit Insurance Corporation (FDIC), and the National Credit Union Administration (NCUA) (collectively, “the agencies”) for its supervised banks (currently referred to as “Bank Secrecy Act (BSA) compliance programs”) to establish, implement, and maintain effective, risk-based, and reasonably designed Anti-Money Laundering (AML) and Countering the Financing of Terrorism (CFT) programs. The amendments are intended to align with changes that are being concurrently proposed by the Financial Crimes Enforcement Network (FinCEN) as a result of the Anti-Money Laundering Act of 2020 (AML Act).

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Authorizing Statute(s): US Code: 12 USC 1 et seq. Name of Law: The National Bank Act
   US Code: 31 USC 5318(g) Name of Law: Bank Secrecy Act
   US Code: 12 USC 1461 et seq. Name of Law: Homeowners' Loan Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1557-AF14	Proposed rulemaking	89 FR 65260	08/09/2024

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 6

table that charts list of burden

IC Title	Form No.	Form Name
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) program requirements. Establish AML/CFT Program – (Implementation)
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) program requirements. Maintain AML/CFT Program – (Ongoing)
Bank Secrecy Act - Recordkeeping - Community Banks
Bank Secrecy Act - Recordkeeping - Large Banks
Bank Secrecy Act - Recordkeeping - Mid-Size
Minimum Security Devices and Procedures - Recordkeeping
Reports of Suspicious Activities - Recordkeeping
Reports of Suspicious Activities - Reporting	N/A	Suspicious Activity Report
Request for SAR Exemption

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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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The increase and decrease in the burden are due to the proposed regulation.

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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.     No

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.     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? 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: 10/09/2024

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