81 FR 48886 - Financial Crimes Enforcement Network; Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Banco Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and Delta Asia Insurance Limited, as a Financial Institution of Primary Money Laundering Concern

DEPARTMENT OF THE TREASURY

Federal Register Volume 81, Issue 143 (July 26, 2016)

Page Range		48886-48887
FR Document		2016-17631

As part of a continuing effort to reduce paperwork and respondent burden, the Financial Crimes Enforcement Network (``FinCEN'') invites comment on a renewal, without change, to information collection requirements finalized on March 19, 2007 (72 FR 12730, RIN 1506-AA83) imposing a special measure against Banco Delta Asia, including its subsidiaries Delta Asia Credit Limited and Delta Asia Insurance Limited, as a financial institution of primary money laundering concern. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).

Federal Register, Volume 81 Issue 143 (Tuesday, July 26, 2016)

[Federal Register Volume 81, Number 143 (Tuesday, July 26, 2016)]
[Notices]
[Pages 48886-48887]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-17631]


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DEPARTMENT OF THE TREASURY


Financial Crimes Enforcement Network; Proposed Renewal Without 
Change; Comment Request; Imposition of Special Measure Against Banco 
Delta Asia, Including Its Subsidiaries Delta Asia Credit Limited and 
Delta Asia Insurance Limited, as a Financial Institution of Primary 
Money Laundering Concern

AGENCY: Financial Crimes Enforcement Network, Department of the 
Treasury.

ACTION: Notice and request for comments.

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SUMMARY: As part of a continuing effort to reduce paperwork and 
respondent burden, the Financial Crimes Enforcement Network 
(``FinCEN'') invites comment on a renewal, without change, to 
information collection requirements finalized on March 19, 2007 (72 FR 
12730, RIN 1506-AA83) imposing a special measure against Banco Delta 
Asia, including its subsidiaries Delta Asia Credit Limited and Delta 
Asia Insurance Limited, as a financial institution of primary money 
laundering concern. This request for comments is being made pursuant to 
the Paperwork Reduction Act of 1995, Public Law 104-13, 44 U.S.C. 
3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
September 26, 2016.

ADDRESSES: Written comments should be submitted to: Financial Crimes 
Enforcement Network, P.O. Box 39, Vienna, VA 22183, Attention: Comment 
Request; Imposition of Special Measure against Banco Delta Asia.
     Comments also may be submitted by electronic mail to the 
following Internet address: regcomments@fincen.gov, with the caption, 
``Attention: Comment Request; Imposition of Special Measure against 
Banco Delta Asia'' in the body of the text.
     Please submit by one method only. All comments submitted 
by either method in response to this notice will become a matter of 
public record. Therefore, you should submit only information that you 
wish to make publicly available.
    Inspection of comments: Comments will be posted on the FinCEN 
public Web site. Persons wishing to review the comments submitted may 
access the posted comments by going to https://www.fincen.gov/statutes_regs/frn/.

FOR FURTHER INFORMATION CONTACT: FinCEN Resource Center at 1-800-767-
2825 or 1-703-905-3591 (not a toll free number) and select option 3 for 
regulatory questions. Email inquiries can be sent to FRC@fincen.gov.

SUPPLEMENTARY INFORMATION: 
    Abstract: The Director of FinCEN is the delegated administrator of 
the Bank Secrecy Act (``Act''). The Act authorizes the Director to 
issue regulations to require all financial institutions defined as such 
in the Act to maintain or file certain reports or records that have 
been determined to have a high degree of usefulness in criminal, tax, 
or regulatory investigations or proceedings, or in the conduct of 
intelligence or counter-intelligence activities, including analysis, to 
protect against international terrorism.\1\
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    \1\ Public Law 91-508, as amended and codified at 12 U.S.C. 
1829b, 12 U.S.C. 1951-1959 and 31 U.S.C. 5311-5332. Language 
expanding the scope of the Bank Secrecy Act to intelligence or 
counter-intelligence activities to protect against international 
terrorism was added by section 358 of the Uniting and Strengthening 
America by Providing Appropriate Tools Required to Intercept and 
Obstruct Terrorism Act of 2001, Public Law 107-56.
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    The notice of final rulemaking implemented section 5318A of Title 
31, United States Code, by adding section Sec.  1010.655 to 31 CFR 
Chapter X. In general, the regulations require covered financial 
institutions to establish, document, and maintain programs as an aid in 
protecting and securing the U.S. financial system.
    Title: Imposition of Special Measure against Banco Delta Asia, 
including its subsidiaries Delta Asia Credit Limited and Delta Asia 
Insurance Limited, as a financial institution of primary money 
laundering concern.
    Office of Management and Budget (``OMB'') Control Number: 1506-
0045.
    Abstract: FinCEN is issuing this notice to renew the OMB control 
number for the imposition of a special measure against Banco Delta 
Asia, including its subsidiaries Delta Asia Credit Limited and Delta 
Asia Insurance Limited, as a financial institution of primary money 
laundering concern pursuant to the authority contained in 31 U.S.C. 
5318A.
    Current Action: Renewal without change for existing proposed 
regulations.
    Type of Review: Extension of a currently approved information 
collection.
    Affected Public: Businesses and certain not-for-profit 
institutions.
    Burden: Estimated Number of Respondents: 5,000.
    Estimated Number of Responses: 5,000.
    Estimated Number of Hours: 5,000.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a valid 
control number assigned by OMB. Records required to be retained under 
the Act must be retained for five years. Generally, information 
collected pursuant to the Act is confidential but may be shared as 
provided by law with regulatory and law enforcement authorities.

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 shall 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (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,

[[Page 48887]]

maintenance and purchase of services to provide information.

    Dated: July 21, 2016.
Jamal El-Hindi,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2016-17631 Filed 7-25-16; 8:45 am]
 BILLING CODE 4810-02-P

48886 Federal Register / Vol. 81, No. 143 / Tuesday, July 26, 2016 / Notices

liability and insurance related to DATES: Written comments are welcome aid in protecting and securing the U.S.
hazardous materials transportation by and must be received on or before financial system.
rail. To the extent possible, please September 26, 2016. Title: Imposition of Special Measure
comment on any potential economic, ADDRESSES: Written comments should against Banco Delta Asia, including its
safety, and environmental be submitted to: Financial Crimes subsidiaries Delta Asia Credit Limited
considerations related to these Enforcement Network, P.O. Box 39, and Delta Asia Insurance Limited, as a
alternative approaches. Vienna, VA 22183, Attention: Comment financial institution of primary money
7. Other industries and foreign Request; Imposition of Special Measure laundering concern.
governments have implemented against Banco Delta Asia. Office of Management and Budget
programs that impose fees to fund • Comments also may be submitted (‘‘OMB’’) Control Number: 1506–0045.
secondary liability coverage and/or by electronic mail to the following Abstract: FinCEN is issuing this
create liability caps. Is this a feasible Internet address: notice to renew the OMB control
alternative for hazardous materials regcomments@fincen.gov, with the number for the imposition of a special
transportation by rail? caption, ‘‘Attention: Comment Request; measure against Banco Delta Asia,
Other Information Imposition of Special Measure against including its subsidiaries Delta Asia
Banco Delta Asia’’ in the body of the Credit Limited and Delta Asia Insurance
8. Please provide any potential Limited, as a financial institution of
studies and data sources that may text.
inform this study. • Please submit by one method only. primary money laundering concern
All comments submitted by either pursuant to the authority contained in
9. Commenters are invited to address 31 U.S.C. 5318A.
any other considerations related to method in response to this notice will
become a matter of public record. Current Action: Renewal without
liability and the rail transport of
Therefore, you should submit only change for existing proposed
hazardous materials not addressed
information that you wish to make regulations.
above.
publicly available. Type of Review: Extension of a
Signed in Washington, DC, on July 21, currently approved information
Inspection of comments: Comments
2016. collection.
will be posted on the FinCEN public
William Schoonover, Affected Public: Businesses and
Web site. Persons wishing to review the
Acting Associate Administrator for comments submitted may access the certain not-for-profit institutions.
Hazardous Materials Safety, Pipeline and Burden: Estimated Number of
posted comments by going to https://
Hazardous Materials Safety Administration. Respondents: 5,000.
www.fincen.gov/statutes_regs/frn/.
[FR Doc. 2016–17615 Filed 7–25–16; 8:45 am] Estimated Number of Responses:
FOR FURTHER INFORMATION CONTACT:
BILLING CODE 4910–60–P
FinCEN Resource Center at 1–800–767– 5,000.
2825 or 1–703–905–3591 (not a toll free Estimated Number of Hours: 5,000.
number) and select option 3 for An agency may not conduct or
DEPARTMENT OF THE TREASURY sponsor, and a person is not required to
regulatory questions. Email inquiries
can be sent to FRC@fincen.gov. respond to, a collection of information
Financial Crimes Enforcement unless it displays a valid control
Network; Proposed Renewal Without SUPPLEMENTARY INFORMATION:
number assigned by OMB. Records
Change; Comment Request; Abstract: The Director of FinCEN is required to be retained under the Act
Imposition of Special Measure Against the delegated administrator of the Bank must be retained for five years.
Banco Delta Asia, Including Its Secrecy Act (‘‘Act’’). The Act authorizes Generally, information collected
Subsidiaries Delta Asia Credit Limited the Director to issue regulations to pursuant to the Act is confidential but
and Delta Asia Insurance Limited, as a require all financial institutions defined may be shared as provided by law with
Financial Institution of Primary Money as such in the Act to maintain or file regulatory and law enforcement
Laundering Concern certain reports or records that have been authorities.
determined to have a high degree of
AGENCY: Financial Crimes Enforcement usefulness in criminal, tax, or regulatory Request for Comments
Network, Department of the Treasury. investigations or proceedings, or in the
ACTION: Notice and request for Comments submitted in response to
conduct of intelligence or counter- this notice will be summarized and/or
comments. intelligence activities, including included in the request for OMB
SUMMARY: As part of a continuing effort analysis, to protect against international approval. All comments will become a
to reduce paperwork and respondent terrorism.1 matter of public record. Comments are
burden, the Financial Crimes The notice of final rulemaking invited on: (a) Whether the collection of
Enforcement Network (‘‘FinCEN’’) implemented section 5318A of Title 31, information is necessary for the proper
invites comment on a renewal, without United States Code, by adding section performance of the functions of the
change, to information collection § 1010.655 to 31 CFR Chapter X. In agency, including whether the
requirements finalized on March 19, general, the regulations require covered information shall have practical utility;
2007 (72 FR 12730, RIN 1506–AA83) financial institutions to establish, (b) the accuracy of the agency’s estimate
imposing a special measure against document, and maintain programs as an of the burden of the collection of
Banco Delta Asia, including its information; (c) ways to enhance the
1 Public Law 91–508, as amended and codified at
subsidiaries Delta Asia Credit Limited quality, utility, and clarity of the
srobinson on DSK5SPTVN1PROD with NOTICES

12 U.S.C. 1829b, 12 U.S.C. 1951–1959 and 31 U.S.C.
and Delta Asia Insurance Limited, as a 5311–5332. Language expanding the scope of the
information to be collected; (d) ways to
financial institution of primary money Bank Secrecy Act to intelligence or counter- minimize the burden of the collection of
laundering concern. This request for intelligence activities to protect against information on respondents, including
comments is being made pursuant to the international terrorism was added by section 358 of through the use of automated collection
the Uniting and Strengthening America by
Paperwork Reduction Act of 1995, Providing Appropriate Tools Required to Intercept
techniques or other forms of information
Public Law 104–13, 44 U.S.C. and Obstruct Terrorism Act of 2001, Public Law technology; and (e) estimates of capital
3506(c)(2)(A). 107–56. or start-up costs and costs of operation,

VerDate Sep<11>2014 20:28 Jul 25, 2016 Jkt 238001 PO 00000 Frm 00151 Fmt 4703 Sfmt 4703 E:\FR\FM\26JYN1.SGM 26JYN1

Document Created: 2018-02-08 08:00:41
Document Modified: 2018-02-08 08:00:41

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 are welcome and must be received on or before September 26, 2016.
Contact		FinCEN Resource Center at 1-800-767- 2825 or 1-703-905-3591 (not a toll free number) and select option 3 for regulatory questions. Email inquiries can be sent to [email protected]
FR Citation		81 FR 48886