Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Insurance Companies, Loan or Finance Companies, and Banks Lacking a Federal Functional Regulator

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
1506-0035_AML Program NPRM Supporting Statement_4_22_2026 FINAL.docx	Supporting Statement A	Uploaded 2026-04-28	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
280119	AML/CFT Programs for Banks Lacking a Federal Functional Regulator		New
280118	AML/CFT Programs for Loan or Finance Companies		New
15347	AML/CFT Programs for Insurance Companies		Modified

ICR Details

OMB Control No: 1506-0035	ICR Reference No: 202604-1506-004
Status: Received in OIRA	Previous ICR Reference No: 202406-1506-005
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Insurance Companies, Loan or Finance Companies, and Banks Lacking a Federal Functional Regulator
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	14,424	18,278
Time Burden (Hours)	49,503	21,924
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 insurance companies, loan or finance companies, and banks lacking a Federal functional regulator.

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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: 3

table that charts list of burden

IC Title	Form No.	Form Name
AML/CFT Programs for Banks Lacking a Federal Functional Regulator
AML/CFT Programs for Insurance Companies
AML/CFT Programs for Loan or Finance Companies

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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	14,424	18,278	0	-3,854	0	0
Annual Time Burden (Hours)	49,503	21,924	0	27,579	0	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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The change in burden presented in Table 2 of the supporting statements is a result of (1) the newly articulated pro forma average annual 50-hour burden that banks lacking an FFR already incur associated with ongoing customer due diligence (18,250 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 insurance companies and loan and finance companies (14,059 hours). In part, the change in aggregate burden is also attributable to certain changes in baseline populations of affected financial institutions, including (1) a decrease of 235 in the expected population of banks lacking an FFR (from 600 to 365), (2) a decrease of 3,961 in the expected population of insurance companies (from 4,678 to 717), and (3) an increase of 342 in the expected population of loan and finance companies (from 13,000 to 13,342).

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Annual Cost to Federal Government: $800,000

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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