80_FR_78258 80 FR 78018 - Semiannual Agenda and Fiscal Year 2015 Regulatory Plan

80 FR 78018 - Semiannual Agenda and Fiscal Year 2015 Regulatory Plan

DEPARTMENT OF THE TREASURY

Federal Register Volume 80, Issue 240 (December 15, 2015)

Page Range78018-78018
FR Document2015-31005

This notice is given pursuant to the requirements of the Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory Planning and Review''), which require the publication by the Department of a semiannual agenda of regulations. EO 12866 also requires the publication by the Department of a regulatory plan for the upcoming fiscal year.

Federal Register, Volume 80 Issue 240 (Tuesday, December 15, 2015)
[Federal Register Volume 80, Number 240 (Tuesday, December 15, 2015)]
[Unknown Section]
[Page 78018]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-31005]



[[Page 78017]]

Vol. 80

Tuesday,

No. 240

December 15, 2015

Part XV





Department of the Treasury





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Semiannual Regulatory Agenda

Federal Register / Vol. 80 , No. 240 / Tuesday, December 15, 2015 / 
Unified Agenda

[[Page 78018]]


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DEPARTMENT OF THE TREASURY

31 CFR Subtitles A and B


Semiannual Agenda and Fiscal Year 2015 Regulatory Plan

AGENCY: Department of the Treasury.

ACTION: Semiannual regulatory agenda and annual regulatory plan.

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

SUMMARY: This notice is given pursuant to the requirements of the 
Regulatory Flexibility Act and Executive Order (EO) 12866 (``Regulatory 
Planning and Review''), which require the publication by the Department 
of a semiannual agenda of regulations. EO 12866 also requires the 
publication by the Department of a regulatory plan for the upcoming 
fiscal year.

FOR FURTHER INFORMATION CONTACT: The Agency Contact identified in the 
item relating to that regulation.

SUPPLEMENTARY INFORMATION: The semiannual regulatory agenda includes 
regulations that the Department has issued or expects to issue and 
rules currently in effect that are under departmental or bureau review. 
For this edition of the regulatory agenda, the most important 
significant regulatory actions and a Statement of Regulatory Priorities 
are included in the Regulatory Plan, which appears in both the online 
Unified Agenda and in part II of the Federal Register publication that 
includes the Unified Agenda.
    Beginning with the fall 2007 edition, the Internet has been the 
primary medium for disseminating the Unified Agenda. The complete 
Unified Agenda will be available online at www.reginfo.gov and 
www.regulations.gov, in a format that offers users an enhanced ability 
to obtain information from the Agenda database. Because publication in 
the Federal Register is mandated for the regulatory flexibility agenda 
required by the Regulatory Flexibility Act (5 U.S.C. 602), Treasury's 
printed agenda entries include only:
    (1) Rules that are in the regulatory flexibility agenda, in 
accordance with the Regulatory Flexibility Act, because they are likely 
to have a significant economic impact on a substantial number of small 
entities; and
    (2) Rules that have been identified for periodic review under 
section 610 of the Regulatory Flexibility Act.
    Printing of these entries is limited to fields that contain 
information required by the Regulatory Flexibility Act's Agenda 
requirements. Additional information on these entries is available in 
the Unified Agenda published on the Internet. In addition, for fall 
editions of the Agenda, the entire Regulatory Plan will continue to be 
printed in the Federal Register, as in past years.

Brian J. Sonfield,
Deputy Assistant General Counsel for General Law and Regulation.

         Financial Crimes Enforcement Network--Final Rule Stage
------------------------------------------------------------------------
                                                           Regulation
       Sequence No.                    Title             Identifier No.
------------------------------------------------------------------------
362.......................  Financial Crimes                   1506-AB25
                             Enforcement Network:
                             Customer Due Diligence
                             Requirements for
                             Financial Institutions.
------------------------------------------------------------------------


DEPARTMENT OF THE TREASURY (TREAS)

Financial Crimes Enforcement Network (FINCEN)

Final Rule Stage

362. Financial Crimes Enforcement Network: Customer Due Diligence 
Requirements for Financial Institutions

    Legal Authority: 31 U.S.C. 5311 to 5314; 12 U.S.C. 1829b
    Abstract: The Financial Crimes Enforcement Network (FinCEN), after 
consulting with staff from various Federal supervisory authorities, is 
proposing rules under the Bank Secrecy Act to clarify and strengthen 
customer due diligence requirements for: (i) Banks; (ii) brokers or 
dealers in securities; (iii) mutual funds; and (iv) futures commission 
merchants and introducing brokers in commodities. The proposed rules 
would contain explicit customer due diligence requirements and would 
include a new requirement to identify beneficial owners of legal entity 
customers, subject to certain exemptions.
    Timetable:

------------------------------------------------------------------------
               Action                    Date            FR Cite
------------------------------------------------------------------------
NPRM................................   08/04/14  79 FR 45151
NPRM Comment Period End.............   10/03/14
Final Action........................   01/00/16
------------------------------------------------------------------------

    Regulatory Flexibility Analysis Required: Yes.
    Agency Contact: Michael Vallely, Senior Regulatory Program Manager, 
Department of the Treasury, Financial Crimes Enforcement Network, 2070 
Chain Bridge Road, Vienna, VA 22183-2536, Phone: 703 905-3851, Email: 
[email protected].
    RIN: 1506-AB25

[FR Doc. 2015-31005 Filed 12-14-15; 8:45 am]
BILLING CODE 4810-02-P



                                                      78018                      Federal Register / Vol. 80, No. 240 / Tuesday, December 15, 2015 / Unified Agenda

                                                      DEPARTMENT OF THE TREASURY                                  regulations that the Department has                     602), Treasury’s printed agenda entries
                                                                                                                  issued or expects to issue and rules                    include only:
                                                      31 CFR Subtitles A and B                                    currently in effect that are under                         (1) Rules that are in the regulatory
                                                                                                                  departmental or bureau review. For this                 flexibility agenda, in accordance with
                                                      Semiannual Agenda and Fiscal Year                           edition of the regulatory agenda, the                   the Regulatory Flexibility Act, because
                                                      2015 Regulatory Plan                                        most important significant regulatory                   they are likely to have a significant
                                                      AGENCY: Department of the Treasury.                         actions and a Statement of Regulatory                   economic impact on a substantial
                                                      ACTION:Semiannual regulatory agenda                         Priorities are included in the Regulatory               number of small entities; and
                                                      and annual regulatory plan.                                 Plan, which appears in both the online                     (2) Rules that have been identified for
                                                                                                                  Unified Agenda and in part II of the                    periodic review under section 610 of the
                                                      SUMMARY:   This notice is given pursuant                    Federal Register publication that                       Regulatory Flexibility Act.
                                                      to the requirements of the Regulatory                       includes the Unified Agenda.
                                                      Flexibility Act and Executive Order                                                                                    Printing of these entries is limited to
                                                                                                                     Beginning with the fall 2007 edition,
                                                      (EO) 12866 (‘‘Regulatory Planning and                                                                               fields that contain information required
                                                                                                                  the Internet has been the primary
                                                      Review’’), which require the publication                                                                            by the Regulatory Flexibility Act’s
                                                                                                                  medium for disseminating the Unified
                                                      by the Department of a semiannual                                                                                   Agenda requirements. Additional
                                                                                                                  Agenda. The complete Unified Agenda
                                                      agenda of regulations. EO 12866 also                                                                                information on these entries is available
                                                                                                                  will be available online at
                                                      requires the publication by the                                                                                     in the Unified Agenda published on the
                                                                                                                  www.reginfo.gov and
                                                      Department of a regulatory plan for the                                                                             Internet. In addition, for fall editions of
                                                                                                                  www.regulations.gov, in a format that
                                                      upcoming fiscal year.                                                                                               the Agenda, the entire Regulatory Plan
                                                                                                                  offers users an enhanced ability to
                                                      FOR FURTHER INFORMATION CONTACT: The
                                                                                                                                                                          will continue to be printed in the
                                                                                                                  obtain information from the Agenda
                                                      Agency Contact identified in the item                                                                               Federal Register, as in past years.
                                                                                                                  database. Because publication in the
                                                      relating to that regulation.                                Federal Register is mandated for the                    Brian J. Sonfield,
                                                      SUPPLEMENTARY INFORMATION: The                              regulatory flexibility agenda required by               Deputy Assistant General Counsel for General
                                                      semiannual regulatory agenda includes                       the Regulatory Flexibility Act (5 U.S.C.                Law and Regulation.

                                                                                                FINANCIAL CRIMES ENFORCEMENT NETWORK—FINAL RULE STAGE
                                                                                                                                                                                                               Regulation
                                                        Sequence No.                                                                        Title                                                             Identifier No.

                                                      362 ....................   Financial Crimes Enforcement Network: Customer Due Diligence Requirements for Financial Institutions ..                         1506–AB25



                                                      DEPARTMENT OF THE TREASURY                                  due diligence requirements for: (i)                            Action             Date          FR Cite
                                                      (TREAS)                                                     Banks; (ii) brokers or dealers in
                                                                                                                  securities; (iii) mutual funds; and (iv)                Final Action .........   01/00/16
                                                      Financial Crimes Enforcement Network
                                                                                                                  futures commission merchants and
                                                      (FINCEN)
                                                                                                                  introducing brokers in commodities.                       Regulatory Flexibility Analysis
                                                      Final Rule Stage                                            The proposed rules would contain                        Required: Yes.
                                                                                                                  explicit customer due diligence                           Agency Contact: Michael Vallely,
                                                      362. Financial Crimes Enforcement
                                                                                                                  requirements and would include a new                    Senior Regulatory Program Manager,
                                                      Network: Customer Due Diligence
                                                                                                                  requirement to identify beneficial                      Department of the Treasury, Financial
                                                      Requirements for Financial Institutions
                                                                                                                  owners of legal entity customers, subject               Crimes Enforcement Network, 2070
                                                        Legal Authority: 31 U.S.C. 5311 to                        to certain exemptions.                                  Chain Bridge Road, Vienna, VA 22183–
                                                      5314; 12 U.S.C. 1829b                                         Timetable:                                            2536, Phone: 703 905–3851, Email:
                                                        Abstract: The Financial Crimes
                                                                                                                                                                          michael.vallely@fincen.gov.
                                                      Enforcement Network (FinCEN), after                                Action                 Date         FR Cite
                                                      consulting with staff from various                                                                                    RIN: 1506–AB25
                                                      Federal supervisory authorities, is                         NPRM ..................    08/04/14    79 FR 45151      [FR Doc. 2015–31005 Filed 12–14–15; 8:45 am]
                                                      proposing rules under the Bank Secrecy                      NPRM Comment               10/03/14
                                                                                                                                                                          BILLING CODE 4810–02–P
                                                                                                                   Period End.
                                                      Act to clarify and strengthen customer
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Document Created: 2018-03-02 09:16:02
Document Modified: 2018-03-02 09:16:02
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionUnknown Section
ActionSemiannual regulatory agenda and annual regulatory plan.
ContactThe Agency Contact identified in the item relating to that regulation.
FR Citation80 FR 78018 

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