80 FR 38276 - Proposed Collection; Comment Request for Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control

Federal Register Volume 80, Issue 127 (July 2, 2015)

Page Range		38276-38277
FR Document		2015-16370

The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the Office of Foreign Assets Control (OFAC) within the Department of the Treasury is soliciting comments concerning OFAC's Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts.

Federal Register, Volume 80 Issue 127 (Thursday, July 2, 2015)

[Federal Register Volume 80, Number 127 (Thursday, July 2, 2015)]
[Notices]
[Pages 38276-38277]
From the Federal Register Online [www.thefederalregister.org]
[FR Doc No: 2015-16370]

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DEPARTMENT OF THE TREASURY

Office of Foreign Assets Control

Proposed Collection; Comment Request for Iranian Financial
Sanctions Regulations Report on Closure by U.S. Financial Institutions
of Correspondent Accounts and Payable-Through Accounts

AGENCY: Office of Foreign Assets Control, Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other federal agencies to comment on proposed and/or
continuing information collections, as required by the Paperwork
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)).
Currently, the Office of Foreign Assets Control (OFAC) within the
Department of the Treasury is soliciting comments concerning OFAC's
Iranian Financial Sanctions Regulations Report on Closure by U.S.
Financial Institutions of Correspondent Accounts and Payable-Through
Accounts.

DATES: Written comments must be submitted on or before August 31, 2015
to be assured of consideration.

ADDRESSES: You may submit comments by any of the following methods:
Federal eRulemaking Portal: www.regulations.gov. Follow the
instructions on the Web site for submitting comments.
Fax: Attn: Request for Comments (Iranian Financial Sanctions
Regulations Report on Closure by U.S. Financial Institutions of
Correspondent Accounts and Payable-Through Accounts) 202-622-1657.
Mail: Attn: Request for Comments (Iranian Financial Sanctions
Regulations Report on Closure by U.S. Financial Institutions of
Correspondent Accounts and Payable-Through Accounts), Office of Foreign
Assets Control, Department of the Treasury, 1500 Pennsylvania Avenue
NW., Washington, DC 20220.
Instructions: All submissions received must include the agency name
and the Federal Register Doc. number that appears at the end of this
document. Comments received will be made available to the public via
regulations.gov or upon request, without change and including any
personal information provided.

FOR FURTHER INFORMATION CONTACT: Assistant Director for Licensing,
tel.: 202-622-2480, Assistant Director for Policy, tel.: 202-622-2746,
Assistant

[[Page 38277]]

Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director
for Sanctions Compliance & Evaluation, tel.: 202-622-2490, Office of
Foreign Assets Control, or Chief Counsel (Foreign Assets Control),
tel.: 202-622-2410, Office of the General Counsel, Department of the
Treasury (not toll free numbers).

SUPPLEMENTARY INFORMATION:
Title: Iranian Financial Sanctions Regulations Report on Closure by
U.S. Financial Institutions of Correspondent Accounts and Payable-
Through Accounts.
OMB Number: 1505-0243.
Abstract: Section 561.504(b) of the Iranian Financial Sanctions
Regulations, 31 CFR part 561 (the IFSR), specifies that a U.S.
financial institution that maintained a correspondent account or
payable-through account for a foreign financial institution whose name
is added to the part 561 List on OFAC's Web site (www.treasury.gov/ofac) as subject to a prohibition on the maintaining of such accounts
must file a report with OFAC that provides full details on the closing
of each such account within 30 days of the closure of the account. This
collection of information assists in verifying that U.S. financial
institutions are complying with prohibitions on maintaining
correspondent accounts or payable-through accounts for foreign
financial institutions listed on the part 561 List. The reports will be
reviewed by the U.S. Department of the Treasury and may be used for
compliance and enforcement purposes by the agency.
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: U.S. financial institutions operating
correspondent or payable-through accounts for foreign financial
institutions.
Estimated Number of Respondents: The likely respondents and record-
keepers affected by this collection of information in Sec. 561.504(b)
are U.S. financial institutions operating correspondent accounts or
payable through accounts for foreign financial institutions. Since the
date this reporting requirement was added to the IFSR (February 27,
2012) through June 18, 2015, OFAC added the names of two foreign
financial institutions to the part 561 List, of which one remains. The
number of respondents to this collection has been zero. For future
notices, OFAC will continue to report retrospectively on the number of
respondents during the reporting period.
Estimated Time per Respondent: 2 hours per response.
Estimated Total Annual Burden Hours: Because the Sec. 561.504(b)
reporting requirement applies to those U.S. financial institutions that
operate correspondent or payable-through accounts for a foreign
financial institution whose name is added to the part 561 List, OFAC
cannot predict the response rate for the Sec. 561.504(b) reporting
requirement at this time. Since the date this reporting requirement was
added to the IFSR (February 27, 2012) through June 18, 2015, the number
of respondents to this collection has been zero. For future notices,
OFAC will continue to report retrospectively on the response rate
during the previous reporting period.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid Office of Management and Budget (OMB)
control number. Books or records relating to a collection of
information must be retained for five years.

Request for Comments

Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a matter of public record. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information has
practical utility; (b) the accuracy of the agency's estimate of the
burden of the collection of information, including the validity of the
methodology and assumptions used; (c) ways to enhance the quality,
utility, and clarity of the information to be collected; (d) ways to
minimize the burden of the collection of information on respondents,
including through the use of automated collection techniques or other
forms of information technology; and (e) estimates of capital or start-
up costs and costs of operation, maintenance, and purchase of services
to provide information.

John E. Smith,
Acting Director, Office of Foreign Assets Control.
[FR Doc. 2015-16370 Filed 7-1-15; 8:45 am]
BILLING CODE 4810-AL-P

38276 Federal Register / Vol. 80, No. 127 / Thursday, July 2, 2015 / Notices

SUMMARY: The Treasury Department’s ABDUL MAJID, Afif); DOB 26 Apr 1952; POB DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control (OFAC) Pacitan, East Java, Indonesia; nationality
is publishing the name of one Indonesia (individual) [SDGT] Office of Foreign Assets Control
individual and supplemental 2. RUSDAN, Abu (a.k.a. ‘‘ABU THORIQ’’;
information for four individuals whose a.k.a. ‘‘RUSDJAN’’; a.k.a. ‘‘RUSJAN’’; a.k.a. Proposed Collection; Comment
property and interests in property are ‘‘RUSYDAN’’; a.k.a. ‘‘THORIQUDDIN’’; a.k.a. Request for Iranian Financial
blocked pursuant to Executive Order ‘‘THORIQUIDDIN’’; a.k.a. ‘‘THORIQUIDIN’’; Sanctions Regulations Report on
(E.O.) 13224 and whose names have a.k.a. ‘‘TORIQUDDIN’’); DOB 16 Aug 1960; Closure by U.S. Financial Institutions
been added to OFAC’s list of Specially POB Kudus, Central Java, Indonesia; citizen of Correspondent Accounts and
Designated Nationals and Blocked Indonesia; National ID No. 1608600001 Payable-Through Accounts
Persons (SDN List). OFAC is also (Indonesia) (individual) [SDGT]
3. SYAWAL, Yassin (a.k.a. IDA, Laode;
AGENCY: Office of Foreign Assets
removing the name of one individual, Control, Treasury.
whose property and interests in a.k.a. KHAN, Mohd Shahwal; a.k.a.
MOCHTAR, Yasin Mahmud; a.k.a. ACTION: Notice and request for
property were blocked pursuant to comments.
Executive Order 13224, from the list of MUBARAK, Laode Agussalim; a.k.a.
SDN List. MUBAROK, Muhamad; a.k.a. MUHAMMAD,
SUMMARY: The Department of the
Ustad Haji Laudi Agus Salim; a.k.a.
DATES: OFAC’s actions described in this Treasury, as part of its continuing effort
SYAWAL, Muhammad; a.k.a. YASIN, Abdul
notice were effective June 24, 2015. to reduce paperwork and respondent
Hadi; a.k.a. YASIN, Salim; a.k.a. YASIN,
FOR FURTHER INFORMATION CONTACT: burden, invites the general public and
Syawal; a.k.a. ‘‘ABU MUAMAR’’; a.k.a.
Associate Director for Global Targeting, other federal agencies to comment on
‘‘ABU SETA’’; a.k.a. ‘‘AGUS SALIM’’; a.k.a.
tel.: 202/622–2420, Assistant Director proposed and/or continuing information
‘‘MAHMUD’’); DOB 03 Sep 1962; POB
for Sanctions Compliance & Evaluation, Makassar, Indonesia; nationality Indonesia;
collections, as required by the
tel.: 202/622–2490, Assistant Director citizen Indonesia (individual) [SDGT]
Paperwork Reduction Act of 1995,
for Licensing, tel.: 202/622–2480, Office 4. AMEEN AL-PESHAWARI, Fazeel-A-Tul
Public Law 104–13 (44 U.S.C.
of Foreign Assets Control, or Chief Shaykh Abu Mohammed (a.k.a. AL- 3506(c)(2)(A)). Currently, the Office of
Counsel (Foreign Assets Control), tel.: BISHAURI, Abu Mohammad Shaykh Foreign Assets Control (OFAC) within
202/622–2410, Office of the General Aminullah; a.k.a. AL-PESHAWARI, Shaykh the Department of the Treasury is
Counsel, Department of the Treasury Abu Mohammed Ameen; a.k.a. AL- soliciting comments concerning OFAC’s
(not toll free numbers). PESHAWARI, Shaykh Aminullah; a.k.a. Iranian Financial Sanctions Regulations
SUPPLEMENTARY INFORMATION: BISHAWRI, Abu Mohammad Amin; a.k.a. Report on Closure by U.S. Financial
GUL AL-PAKISTANI, Niaz Muhammad Institutions of Correspondent Accounts
Electronic and Facsimile Availability and Payable-Through Accounts.
Muhammada; a.k.a. MUHAMMAD, Niaz;
The SDN List and additional a.k.a. PESHAWARI, Abu Mohammad DATES: Written comments must be
information concerning OFAC sanctions Aminullah; a.k.a. ‘‘AMINULLAH, Shaykh’’; submitted on or before August 31, 2015
programs are available from OFAC’s a.k.a. ‘‘AMINULLAH, Sheik’’; a.k.a. to be assured of consideration.
Web site (www.treas.gov/ofac). Certain ‘‘SHAYKH AMEEN’’), Ganj District, ADDRESSES: You may submit comments
general information pertaining to Peshawar, Khyber Pakhtunkhwa, Pakistan; by any of the following methods:
OFAC’s sanctions programs is also House number T–876 Galli Mohallah, Sheikh Federal eRulemaking Portal:
available via facsimile through a 24- Abad number 4, Peshawar, Khyber www.regulations.gov. Follow the
hour fax-on-demand service, tel.: 202/ Pakhtunkhwa, Pakistan; Saudi Arabia; DOB instructions on the Web site for
622–0077. circa 01 Jan 1961; POB Shunkrai village, submitting comments.
Sarkani District, Konar Province, Fax: Attn: Request for Comments
Notice of OFAC Actions Afghanistan; Passport FU0152122 (Pakistan) (Iranian Financial Sanctions Regulations
On June 24, 2015, OFAC blocked the expires 24 Apr 2017; alt. Passport FU0152121 Report on Closure by U.S. Financial
property and interests in property of the (Pakistan) (Linked To: JAMIA TALEEM-UL- Institutions of Correspondent Accounts
following individual pursuant to E.O. QURAN-WAL-HADITH MADRASSA; Linked and Payable-Through Accounts) 202–
13224, ‘‘Blocking Property and To: TALIBAN; Linked To: LASHKAR E- 622–1657.
Prohibiting Transactions With Persons TAYYIBA) (individual) [SDGT] Mail: Attn: Request for Comments
Who Commit, Threaten To Commit, or (Iranian Financial Sanctions Regulations
Support Terrorism’’: OFAC removed the following
Report on Closure by U.S. Financial
individual from the SDN List: Institutions of Correspondent Accounts
RASHID BALUCH, Abdul (a.k.a. RASHID
BAHRAWI, Abdul; a.k.a. RASHID BALOCH, BIN MUHADJIR, Son Hadi (a.k.a. BIN and Payable-Through Accounts), Office
Abdul; a.k.a. RASHID, Abdul; a.k.a. RASHID, MUHADJR, Son Hadi; a.k.a. BIN MUJAHIR, of Foreign Assets Control, Department
Hafiz Abdul; a.k.a. RASHID, Mullah Abdul; Son Hadi; a.k.a. MUHADJIR, Son bn Hadi), of the Treasury, 1500 Pennsylvania
a.k.a. RASHID, Qari Abdul), Dalbandin, Jalan Raya Gongdanglegi, RT/RW 1/13, Avenue NW., Washington, DC 20220.
Balochistan Province, Pakistan; Afghanistan; Cangkring Malang, Beji, Pasuran 67154,
DOB 1970 to 1972; POB Dishu District,
Instructions: All submissions received
Indonesia; DOB 12 May 1971; POB Pasuran, must include the agency name and the
Helmand Province, Afghanistan; Maulawi
(individual) [SDGT] East Java, Indonesia; nationality Indonesia; Federal Register Doc. number that
OFAC supplemented the Passport R057803 (Indonesia); National ID appears at the end of this document.
identification information for four No. 3514131205710004 (Indonesia) Comments received will be made
asabaliauskas on DSK5VPTVN1PROD with NOTICES

individuals whose property and (individual) [SDGT]. available to the public via
interests in property are blocked regulations.gov or upon request, without
Dated: June 24, 2015.
pursuant to Executive Order 13224. The change and including any personal
supplemental identification information John E. Smith, information provided.
for the individuals is as follows: Acting Director, Office of Foreign Assets FOR FURTHER INFORMATION CONTACT:
Control. Assistant Director for Licensing, tel.:
1. ABDUL MAJID, Afif (a.k.a. ABDUL AL
MAJID, Afif; a.k.a. ABDUL MADJID, Afif; [FR Doc. 2015–16328 Filed 7–1–15; 8:45 am] 202–622–2480, Assistant Director for
a.k.a. BIN ABDUL MADJID, Afief; a.k.a. BIN BILLING CODE 4810–AL–P Policy, tel.: 202–622–2746, Assistant

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Federal Register / Vol. 80, No. 127 / Thursday, July 2, 2015 / Notices 38277

Director for Regulatory Affairs, tel.: 202– Estimated Total Annual Burden DEPARTMENT OF THE TREASURY
622–4855, Assistant Director for Hours: Because the § 561.504(b)
Sanctions Compliance & Evaluation, reporting requirement applies to those Monitoring Availability and
tel.: 202–622–2490, Office of Foreign U.S. financial institutions that operate Affordability of Auto Insurance
Assets Control, or Chief Counsel correspondent or payable-through
(Foreign Assets Control), tel.: 202–622– AGENCY: Federal Insurance Office,
accounts for a foreign financial Departmental Offices, Treasury.
2410, Office of the General Counsel, institution whose name is added to the
Department of the Treasury (not toll free ACTION: Notice; Request for Information.
part 561 List, OFAC cannot predict the
numbers). response rate for the § 561.504(b) SUMMARY: The Federal Insurance Office
SUPPLEMENTARY INFORMATION: reporting requirement at this time. Since
Title: Iranian Financial Sanctions (FIO) of the Department of the Treasury
the date this reporting requirement was (Treasury) issues this notice pursuant to
Regulations Report on Closure by U.S.
added to the IFSR (February 27, 2012) its authority to monitor the extent to
Financial Institutions of Correspondent
through June 18, 2015, the number of which traditionally underserved
Accounts and Payable-Through
Accounts. respondents to this collection has been communities (including rural areas) and
OMB Number: 1505–0243. zero. For future notices, OFAC will consumers, minorities, and low- and
Abstract: Section 561.504(b) of the continue to report retrospectively on the moderate-income (LMI) persons
Iranian Financial Sanctions Regulations, response rate during the previous (collectively ‘‘Affected Persons’’) have
31 CFR part 561 (the IFSR), specifies reporting period. access to affordable personal auto
that a U.S. financial institution that insurance. In particular, FIO seeks
The following paragraph applies to all
maintained a correspondent account or comments from state insurance
of the collections of information covered
payable-through account for a foreign regulators, consumer organizations,
by this notice:
financial institution whose name is representatives of the insurance
added to the part 561 List on OFAC’s An agency may not conduct or industry, policyholders, academia, and
Web site (www.treasury.gov/ofac) as sponsor, and a person is not required to others regarding: FIO’s proposed
subject to a prohibition on the respond to, a collection of information working definition of ‘‘affordability’’ in
maintaining of such accounts must file unless the collection of information relation to personal auto insurance
a report with OFAC that provides full displays a valid Office of Management (which, at this stage, is solely for the
details on the closing of each such and Budget (OMB) control number. purpose of inviting further comment);
account within 30 days of the closure of Books or records relating to a collection the key factors FIO proposes to use to
the account. This collection of of information must be retained for five calculate an affordability index for
information assists in verifying that U.S. years. Affected Persons (e.g., premium,
financial institutions are complying income, and other metrics); and how
with prohibitions on maintaining Request for Comments best to obtain appropriate data to
correspondent accounts or payable- monitor effectively the affordability of
Comments submitted in response to
through accounts for foreign financial personal auto insurance for Affected
this notice will be summarized and/or
institutions listed on the part 561 List. Persons.
included in the request for OMB
The reports will be reviewed by the U.S. DATES: Comments must be received on
approval. All comments will become a
Department of the Treasury and may be or before August 31, 2015.
used for compliance and enforcement matter of public record. Comments are
invited on: (a) Whether the collection of ADDRESSES: Please submit comments
purposes by the agency.
Current Actions: There are no changes information is necessary for the proper electronically through the Federal
being made to the notice at this time. performance of the functions of the eRulemaking Portal: http://
Type of Review: Extension of a agency, including whether the www.regulations.gov or by mail (if hard
currently approved collection. information has practical utility; (b) the copy, preferably an original and two
Affected Public: U.S. financial accuracy of the agency’s estimate of the copies) to the Federal Insurance Office,
institutions operating correspondent or burden of the collection of information, Attention: Lindy Gustafson, Room 1319
payable-through accounts for foreign including the validity of the MT, Department of the Treasury, 1500
financial institutions. methodology and assumptions used; (c) Pennsylvania Avenue NW., Washington,
Estimated Number of Respondents: ways to enhance the quality, utility, and DC 20220. As postal mail may be subject
The likely respondents and record- clarity of the information to be to processing delay, it is recommended
keepers affected by this collection of that comments be submitted
collected; (d) ways to minimize the
information in § 561.504(b) are U.S. electronically. All comments should be
burden of the collection of information
financial institutions operating captioned with ‘‘Monitoring Availability
on respondents, including through the and Affordability of Auto Insurance.’’
correspondent accounts or payable
use of automated collection techniques Please include your name, group
through accounts for foreign financial
institutions. Since the date this or other forms of information affiliation, if any, address, email address
reporting requirement was added to the technology; and (e) estimates of capital and telephone number(s) in your
IFSR (February 27, 2012) through June or start-up costs and costs of operation, comment. In general, comments
18, 2015, OFAC added the names of two maintenance, and purchase of services received will be posted on http://
foreign financial institutions to the part to provide information. www.regulations.gov without change,
asabaliauskas on DSK5VPTVN1PROD with NOTICES

561 List, of which one remains. The John E. Smith, including any business or personal
number of respondents to this collection information provided. Comments
Acting Director, Office of Foreign Assets
has been zero. For future notices, OFAC received, including attachments and
Control.
will continue to report retrospectively other supporting materials, will be part
[FR Doc. 2015–16370 Filed 7–1–15; 8:45 am]
on the number of respondents during of the public record and subject to
the reporting period. BILLING CODE 4810–AL–P public disclosure. Do not enclose any
Estimated Time per Respondent: 2 information in your comment or
hours per response. supporting materials that you consider

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Document Created: 2015-12-15 13:14:59
Document Modified: 2015-12-15 13:14:59

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments must be submitted on or before August 31, 2015 to be assured of consideration.
Contact		Assistant Director for Licensing, tel.: 202-622-2480, Assistant Director for Policy, tel.: 202-622-2746, Assistant Director for Regulatory Affairs, tel.: 202-622-4855, Assistant Director for Sanctions Compliance & Evaluation, tel.: 202-622-2490, Office of Foreign Assets Control, or Chief Counsel (Foreign Assets Control), tel.: 202-622-2410, Office of the General Counsel, Department of the Treasury (not toll free numbers).
FR Citation		80 FR 38276

80 FR 38276 - Proposed Collection; Comment Request for Iranian Financial Sanctions Regulations Report on Closure by U.S. Financial Institutions of Correspondent Accounts and Payable-Through Accounts

DEPARTMENT OF THE TREASURYOffice of Foreign Assets Control

Federal Register Volume 80, Issue 127 (July 2, 2015)

DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control