81_FR_58166 81 FR 58002 - Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Commercial Bank of Syria, Including Its Subsidiary Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern

81 FR 58002 - Proposed Renewal Without Change; Comment Request; Imposition of Special Measure Against Commercial Bank of Syria, Including Its Subsidiary Syrian Lebanese Commercial Bank, as a Financial Institution of Primary Money Laundering Concern

DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network

Federal Register Volume 81, Issue 164 (August 24, 2016)

Page Range58002-58003
FR Document2016-20240

As part of our continuing effort to reduce paperwork and respondent burden, FinCEN invites comment on a renewal, without change, to information collection requirements finalized on March 15, 2006 (71 FR 13260, RIN 1506-AA64), imposing a special measure against the Commercial Bank of Syria, including its subsidiary Syrian Lebanese Commercial Bank, as a financial institution of primary money laundering concern. This request for comments is being made pursuant to the Paperwork Reduction Act of 1995 (``PRA''), Public Law 104-13, 44 U.S.C. 3506(c)(2)(A).

Federal Register, Volume 81 Issue 164 (Wednesday, August 24, 2016) 
[Federal Register Volume 81, Number 164 (Wednesday, August 24, 2016)]
[Notices]
[Pages 58002-58003]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-20240]


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DEPARTMENT OF THE TREASURY

Financial Crimes Enforcement Network


Proposed Renewal Without Change; Comment Request; Imposition of 
Special Measure Against Commercial Bank of Syria, Including Its 
Subsidiary Syrian Lebanese Commercial Bank, 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 our continuing effort to reduce paperwork and 
respondent burden, FinCEN invites comment on a renewal, without change, 
to information collection requirements finalized on March 15, 2006 (71 
FR 13260, RIN 1506-AA64), imposing a special measure against the 
Commercial Bank of Syria, including its subsidiary Syrian Lebanese 
Commercial Bank, as a financial institution of primary money laundering 
concern. This request for comments is being made pursuant to the 
Paperwork Reduction Act of 1995 (``PRA''), Public Law 104-13, 44 U.S.C. 
3506(c)(2)(A).

DATES: Written comments are welcome and must be received on or before 
October 24, 2016.

ADDRESSES: You may submit comments identified by OMB Control Number 
1506-0036, by any of the following methods:
     Federal E-Rulemaking Portal: http://www.regulations.gov. 
Follow the instructions for submitting comments.
     Mail: 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 Commercial Bank 
of Syria.
     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, when received, are viewable on 
the Regulations.gov public Web site. Persons wishing to review the 
comments submitted may access the posted comments by going to https://www.regulations.gov and search on OMB Control Number 1506-0036.

FOR FURTHER INFORMATION CONTACT: The 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].

SUPPLEMENTARY INFORMATION: 
    Abstract: The Director of the Financial Crimes Enforcement Network 
(``FinCEN'') is the delegated administrator of the Bank Secrecy Act 
(``BSA''). The Act authorizes the Director to issue regulations to 
require all financial institutions defined as such pursuant to 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\ Regulations implementing

[[Page 58003]]

section 5318A of title 31, United States Code can be found in part at 
31 CFR 1010.653. In general, the regulations require financial 
institutions, as defined at 31 U.S.C. 5312(a)(2) and 31 CFR 1010.100 to 
establish, document, and maintain programs as an aid in protecting and 
securing the U.S. financial system.
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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 BSA 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 (``USA PATRIOT'') Act of 2001, Public Law 107-56.
---------------------------------------------------------------------------

    Title: Imposition of Special Measure against Commercial Bank of 
Syria, Including its Subsidiary Syrian Lebanese Commercial Bank, as a 
Financial Institution of Primary Money Laundering Concern.
    Office of Management and Budget Control Number: 1506-0036.
    Abstract: FinCEN is issuing this notice to renew the imposition of 
a special measure against the Commercial Bank of Syria, including its 
subsidiary Syrian Lebanese Commercial Bank, 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 to existing regulations.
    Type of Review: Extension of a currently approved information 
collection.
    Affected Public: Businesses and other for-profit institutions.
    Burden: Estimated Number of Respondents: 5,000.
    Estimated Number of Responses: 5,000.
    Estimated Number of Hours: 5,000. (Estimated at one hour per 
respondent).
    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 the Office of Management and Budget 
(``OMB''). Records required to be retained under the BSA must be 
retained for five years. Generally, information collected pursuant to 
the BSA 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, 
maintenance and purchase of services to provide information.

    Dated: August 19, 2016.
Jamal El-Hindi,
Acting Director, Financial Crimes Enforcement Network.
[FR Doc. 2016-20240 Filed 8-23-16; 8:45 am]
 BILLING CODE 4810-02-P

58002 Federal Register / Vol. 81, No. 164 / Wednesday, August 24, 2016 / Notices of traffic conditions were analyzed to situation could occur when the Syrian Lebanese Commercial Bank, as a determine whether the noncompliance motorcyclist is preparing for a right financial institution of primary money is perceptible to other road users and, if hand turn and the following driver may laundering concern. This request for so, its affect upon safety. not receive the signal that the comments is being made pursuant to the The first condition BMW reviewed motorcycle is about to slow down for Paperwork Reduction Act of 1995 was the rear turn signal mounting the turn. As such, we are not compelled (‘‘PRA’’), Public Law 104–13, 44 U.S.C. height. BMW indicates that for another by BMW’s argument on this point. 3506(c)(2)(A). road user with a higher eye-point, there The third condition that BMW DATES: Written comments are welcome is no apparent obstruction 1 and the turn reviewed was a traffic condition of and must be received on or before signal would appear to meet the ‘‘Overtaking/Passing an Affected October 24, 2016. requirements of FMVSS No. 108. While Motorcycle.’’ BMW’s analysis in this ADDRESSES: You may submit comments many road users will have higher eye- case assumes that the following vehicle identified by OMB Control Number points on a flat road than the mounting is not in the same lane as the motorcycle 1506–0036, by any of the following height of these lamps, the downward and that if the motorcyclist used its turn methods: requirements applicable to lamps are signal to indicate a turn into the same • Federal E-Rulemaking Portal: generally necessary for instances when lane as the following vehicle, the turn http://www.regulations.gov. Follow the other road users are below the preceding signal lamp would not be obstructed. In instructions for submitting comments. vehicles, such as vehicles cresting a hill. this case, where a motorcyclist indicates • Mail: Written comments should be NHTSA has previously relaxed the a turn into the same lane as a following submitted to: Financial Crimes provisions of downward photometric vehicle, NHTSA agrees that the turn Enforcement Network, P.O. Box 39, test angles for low mounted turn signal signal lamp on that side would not be Vienna, VA 22183, Attention: Comment lamps,2 however, this provision would obstructed. Request; Imposition of Special Measure not apply to BMW’s turn signal lamps NHTSA’s Decision: In consideration against Commercial Bank of Syria. due to their moderately higher of the foregoing, NHTSA finds that • Please submit by one method only. mounting height. Regardless, even for BMW has not met its burden of • All comments submitted by either lower mounted lamps, the photometric persuasion that the subject FMVSS No. method in response to this notice will test angles were relaxed at test points 108 noncompliance described is become a matter of public record. that were 15° down and 10° down only. inconsequential to motor vehicle safety. Therefore, you should submit only Essentially, any photometric Accordingly, BMW’s petition is hereby information that you wish to make requirements for a low mounted turn denied and BMW is obligated to provide publicly available. signal lamp at the 15° down and 10° notification of, and a free remedy for, Inspection of comments: Comments, down locations are allowed to be met at that noncompliance under 49 U.S.C. when received, are viewable on the 5° down. In the instant case, BMW’s 30118 and 30120. Regulations.gov public Web site. turn signal lamps (as installed) at the Persons wishing to review the Authority: 49 U.S.C. 30118, 30120: 20°IB/5° down test point are 75% below delegations of authority at 49 CFR 1.95 and comments submitted may access the the required minimum photometric 501.8. posted comments by going to https:// requirements. As such, we are not www.regulations.gov and search on compelled by BMW’s argument on this Gregory K. Rea, OMB Control Number 1506–0036. point. Associate Administrator for Enforcement. FOR FURTHER INFORMATION CONTACT: The The second condition that BMW [FR Doc. 2016–20250 Filed 8–23–16; 8:45 am] reviewed was a traffic condition of FinCEN Resource Center at 1–800–767– BILLING CODE 4910–59–P ‘‘Following Directly Behind an Affected 2825 or 1–703–905–3591 (not a toll free Motorcycle.’’ BMW’s analysis in this number) and select option 3 for case assumes that the motorcycle and regulatory questions. Email inquiries DEPARTMENT OF THE TREASURY can be sent to FRC@fincen.gov. following vehicle are in the same lane, and the motorcycle is on the left side of Financial Crimes Enforcement Network SUPPLEMENTARY INFORMATION: the lane directly in front (and inline) Abstract: The Director of the with the driver of the following vehicle. Proposed Renewal Without Change; Financial Crimes Enforcement Network BMW argues that the following driver Comment Request; Imposition of (‘‘FinCEN’’) is the delegated would have to be closer than 6 feet from Special Measure Against Commercial administrator of the Bank Secrecy Act the motorcycle for the lamp to become Bank of Syria, Including Its Subsidiary (‘‘BSA’’). The Act authorizes the obstructed and that would be unlikely Syrian Lebanese Commercial Bank, as Director to issue regulations to require unless they were in bumper to bumper a Financial Institution of Primary all financial institutions defined as such traffic. However, BMW did not analyze Money Laundering Concern pursuant to the Act to maintain or file the case where the motorcycle and the certain reports or records that have been AGENCY: Financial Crimes Enforcement determined to have a high degree of following vehicle were in the same lane, Network, Department of the Treasury. usefulness in criminal, tax, or regulatory but the motorcycle was oriented on the right hand side of the lane. In this ACTION: Notice and request for investigations or proceedings, or in the instance, the motorcycle could be offset comments. conduct of intelligence or counter- by 7.5 feet or more to the opposite side intelligence activities, including SUMMARY: As part of our continuing analysis, to protect against international of the following driver, and the distance effort to reduce paperwork and mstockstill on DSK3G9T082PROD with NOTICES from the motorcycle where the right terrorism.1 Regulations implementing respondent burden, FinCEN invites turn signal lamp would begin to become comment on a renewal, without change, 1 Public Law 91–508, as amended and codified at obstructed would be over 65 feet. This to information collection requirements 12 U.S.C. 1829b, 12 U.S.C. 1951–1959 and 31 U.S.C. finalized on March 15, 2006 (71 FR 5311–5332. Language expanding the scope of the 1 BMW later indicated that the obstruction of the BSA to intelligence or counter-intelligence turn signal that created the noncompliance was due 13260, RIN 1506–AA64), imposing a activities to protect against international terrorism to a redesigned stop lamp. special measure against the Commercial was added by section 358 of the Uniting and 2 See Final Rule at 69 FR 48805, August 11, 2004 Bank of Syria, including its subsidiary Strengthening America by Providing Appropriate VerDate Sep<11>2014 20:16 Aug 23, 2016 Jkt 238001 PO 00000 Frm 00126 Fmt 4703 Sfmt 4703 E:\FR\FM\24AUN1.SGM 24AUN1

Federal Register / Vol. 81, No. 164 / Wednesday, August 24, 2016 / Notices 58003 section 5318A of title 31, United States quality, utility, and clarity of the Federal government for major Federal Code can be found in part at 31 CFR information to be collected: (d) Ways to assistance programs on an annual basis. 1010.653. In general, the regulations minimize the burden of the collection of The data is used by Treasury and other require financial institutions, as defined information on respondents, including Federal agencies to verify State and at 31 U.S.C. 5312(a)(2) and 31 CFR through the use of automated collection Federal interest claims, to assess State 1010.100 to establish, document, and techniques or other forms of information and Federal cash management practices maintain programs as an aid in technology; and (e) estimates of capital and to exchange amounts of interest protecting and securing the U.S. or start-up costs and costs of operation, owed. financial system. maintenance and purchase of services to Current Actions: Extension of a Title: Imposition of Special Measure provide information. currently approved collection. against Commercial Bank of Syria, Dated: August 19, 2016. Type of Review: Regular. Including its Subsidiary Syrian Jamal El-Hindi, Affected Public: Federal Government, Lebanese Commercial Bank, as a State, Local or Tribal Government. Acting Director, Financial Crimes Financial Institution of Primary Money Enforcement Network. Estimated Number of Respondents: Laundering Concern. 56. [FR Doc. 2016–20240 Filed 8–23–16; 8:45 am] Office of Management and Budget Estimated Time per Respondent: BILLING CODE 4810–02–P Control Number: 1506–0036. Average 393.5 hours per state. Abstract: FinCEN is issuing this Estimated Total Annual Burden notice to renew the imposition of a DEPARTMENT OF THE TREASURY Hours: 22,036. special measure against the Commercial Request for Comments: Comments Bank of Syria, including its subsidiary Bureau of the Fiscal Service submitted in response to this notice will Syrian Lebanese Commercial Bank, as a be summarized and/or included in the financial institution of primary money Proposed Collection Of Information: request for OMB approval. All laundering concern, pursuant to the CMIA Annual Report and Direct Cost comments will become a matter of authority contained in 31 U.S.C. 5318A. Claims public record. Comments are invited on: Current Action: Renewal without (a) Whether the collection of change to existing regulations. Notice and request for ACTION: information is necessary for the proper Type of Review: Extension of a comments. performance of the functions of the currently approved information SUMMARY: The Department of the agency, including whether the collection. Treasury, as part of its continuing effort information shall have practical utility; Affected Public: Businesses and other to reduce paperwork and respondent (b) the accuracy of the agency’s estimate for-profit institutions. burden, invites the general public and of the burden of the collection of Burden: Estimated Number of information; (c) ways to enhance the other Federal agencies to take this Respondents: 5,000. quality, utility, and clarity of the opportunity to comment on proposed Estimated Number of Responses: information to be collected; (d) ways to and/or continuing information 5,000. minimize the burden of the collection of collections, as required by the Estimated Number of Hours: 5,000. information on respondents, including Paperwork Reduction Act of 1995, (Estimated at one hour per respondent). through the use of automated collection An agency may not conduct or Public Law 104–13 (44 U.S.C. 3506(c)(2)(A). Currently the Bureau of techniques or other forms of information sponsor, and a person is not required to technology; and (e) estimates of capital respond to, a collection of information the Fiscal Service within the Department of the Treasury is soliciting or start-up costs and costs of operation, unless it displays a valid control maintenance, and purchase of services number assigned by the Office of comments concerning the CMIA Annual Report and Direct Cost Claims. to provide information. Management and Budget (‘‘OMB’’). Records required to be retained under DATES: Written comments should be Dated: August 18, 2016. the BSA must be retained for five years. received on or before October 24, 2016 Bruce A. Sharp, Generally, information collected to be assured of consideration. Bureau Clearance Officer. pursuant to the BSA is confidential but ADDRESSES: Direct all written comments [FR Doc. 2016–20147 Filed 8–23–16; 8:45 am] may be shared as provided by law with and requests for additional information BILLING CODE 4810–AS–P regulatory and law enforcement to Bureau of the Fiscal Service, Bruce A. authorities. Sharp, 200 Third Street A4–A, Request for Comments: Comments Parkersburg, WV 26106–1328, or UNITED STATES SENTENCING submitted in response to this notice will bruce.sharp@fiscal.treasury.gov. COMMISSION be summarized and/or included in the SUPPLEMENTARY INFORMATION: request for OMB approval. All Title: CMIA Annual Report and Direct Request for Applications; Tribal Issues comments will become a matter of Cost Claims. Advisory Group public record. Comments are invited on: OMB Number: 1530–0066. (a) Whether the collection of Transfer of OMB Control Number: The AGENCY: United States Sentencing information is necessary for the proper Financial Management Service (FMS) Commission. performance of the functions of the and the Bureau of the Public Debt (BPD) ACTION: Notice. agency, including whether the have consolidated to become the Bureau SUMMARY: The Commission has decided mstockstill on DSK3G9T082PROD with NOTICES information shall have practical utility; of the Fiscal Service (Fiscal Service). (b) the accuracy of the agency’s estimate Information collection requests to establish a Tribal Issues Advisory of the burden of the collection of previously held separately by BPD and Group as a standing advisory group information; (c) ways to enhance the FMS will now be identified by a 1530 pursuant to 28 U.S.C. 995 and Rule 5.4 prefix, designating Fiscal Service. of the Commission’s Rules of Practice Tools Required to Intercept and Obstruct Terrorism Form Number: None. and Procedure. Having adopted a formal (‘‘USA PATRIOT’’) Act of 2001, Public Law 107– Abstract: States and Territories must charter for the Tribal Issues Advisory 56. report interest owed to and from the Group, the Commission is constituting VerDate Sep<11>2014 20:16 Aug 23, 2016 Jkt 238001 PO 00000 Frm 00127 Fmt 4703 Sfmt 4703 E:\FR\FM\24AUN1.SGM 24AUN1


Document Created: 2016-08-24 03:02:27
Document Modified: 2016-08-24 03:02:27
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments are welcome and must be received on or before October 24, 2016.
ContactThe 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 Citation81 FR 58002 
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