Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Money Services Businesses (MSBs), Mutual Funds, and Operators of Credit Card Systems

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
1506-0020_AML Program NPRM Supporting Statement 4_22_2026 FINAL.docx	Supporting Statement A	Uploaded 2026-04-27	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
280104	AML/CFT Programs for Operators of Credit Card Systems		New
280103	AML/CFT Programs for Mutual Funds		New
280102	AML/CFT Programs for MSBs - Agents		New
200947	AML/CFT Programs for MSBs - Principals - Providers and Sellers of Prepaid Access		Modified
15322	AML/CFT Programs for MSBs -Principals- Other than Providers/Sellers of Prepaid Access		Modified

ICR Details

OMB Control No: 1506-0020	ICR Reference No: 202604-1506-001
Status: Received in OIRA	Previous ICR Reference No: 202406-1506-003
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Money Services Businesses (MSBs), Mutual Funds, and Operators of Credit Card Systems
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 05/07/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved	09/30/2027
Responses	333,427	2,858,065
Time Burden (Hours)	262,419	159,982
Cost Burden (Dollars)	0	0

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Abstract: FinCEN is submitting this information collection request to support its request that OMB approve a proposed revision to a collection of information associated with NPRM in support of the Bank Secrecy Act (BSA). The proposed rule implements section 6101(b) of the Anti-Money Laundering Act of 2020 (AML Act). On April 10, 2026, FinCEN published in the Federal Register a notice and request for comments on a proposed rule to fundamentally reform the requirements for financial institutions’ AML/CFT programs. The NPRM aims to ensure that financial institutions establish and maintain AML/CFT programs that better achieve the purposes of the BSA and lead to more effective outcomes for financial institutions as well as law enforcement and national security agencies. Through this rulemaking, consistent with its statutory authority as the administrator of the BSA, FinCEN is also proposing measures to modernize and reform federal supervision of AML/CFT programs by enhancing FinCEN’s role in AML/CFT supervision and enforcement in coordination with Federal banking regulators. In addition, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCEN’s program requirements for different types of financial institutions. This information collection request covers the AML/CFT program requirements for MSBs, mutual funds, and operators of credit card systems.

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Authorizing Statute(s): US Code: 31 USC 5318(h) 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:
1506-AB72	Proposed rulemaking	91 FR 18704	04/10/2026

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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: 5

table that charts list of burden

IC Title	Form No.	Form Name
AML/CFT Programs for MSBs - Agents
AML/CFT Programs for MSBs - Principals - Providers and Sellers of Prepaid Access
AML/CFT Programs for MSBs -Principals- Other than Providers/Sellers of Prepaid Access
AML/CFT Programs for Mutual Funds
AML/CFT Programs for Operators of Credit Card Systems

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ICR Summary of Burden

table that charts list 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	333,427	2,858,065	0	0	-2,524,638	0
Annual Time Burden (Hours)	262,419	159,982	0	92,610	9,827	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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: No

Burden Reduction Due to:

Short Statement: The change in burden presented in Table 2 of the supporting statement is a result of (1) the newly articulated pro forma average annual 50-hour burden that mutual funds already incur associated with ongoing customer due diligence (67,750 hours), and (2) the newly articulated pro forma average annual one-hour burden associated with program approval for financial institution types that do not already have PRA burden associated with that activity. In this case, the new one-hour burden applies to MSB principals and operators of credit card systems (24,860 hours). In part, the change in aggregate burden is also attributable to certain changes in baseline populations of affected financial institutions, including (1) an increase of 275 in the expected population of MSB principals that are providers and sellers of prepaid access (from 2,605 to 2,880), (2) a decrease of 2,919 in the expected population of MSB principals that are not providers and sellers of prepaid access (from 24,895 to 21,976), (3) an increase of 78,051 in the expected population of MSB agents (from 229,161 to 307,212), and (4) a decrease of 45 in the expected population of mutual funds (from 1,400 to 1,355).

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Annual Cost to Federal Government: $1,100,000

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: 05/07/2026

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