[Federal Register: April 18, 2006 (Volume 71, Number 74)]
[Notices]
[Page 19923-19924]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18ap06-113]
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DEPARTMENT OF THE TREASURY
Financial Crimes Enforcement Network; Agency Information
Collection Activities; Proposed Collection; Comment Request; Report of
International Transportation of Currency or Monetary Instruments
AGENCY: Financial Crimes Enforcement Network, Treasury.
ACTION: Notice and request for comments.
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SUMMARY: As part of our continuing effort to reduce paperwork and
respondent burden, the Financial Crimes Enforcement Network invites the
general public and other Federal agencies to comment on an information
collection requirement concerning the Report of International
Transportation of Currency or Monetary Instruments (the ``CMIR''). This
request for comment 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 should be received on or before June 19, 2006
to be assured of consideration.
ADDRESSES: Direct all written comments to: Office of Chief Counsel,
Financial Crimes Enforcement Network, Department of the Treasury, P.O.
Box 39, Vienna, VA 22183-0039, Attention: PRA Comments--Report of
International Transportation of Currency or Monetary Instruments.
Comments also may be submitted by electronic mail to the following
Internet address: ``regcomments@fincen.gov'' with the caption in the
body of the text, ``Attention: PRA Comments--Report of International
Transportation of Currency or Monetary Instruments.''
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
for a copy of the form should be directed to: Office of Regulatory
Policy, Financial Crimes Enforcement Network at (202) 354-6400. A copy
of the form may also be obtained from the FinCEN Web site at http://www.fincen.gov/reg_bsaforms.html
.
SUPPLEMENTARY INFORMATION:
Title: Report of International Transportation of Currency or
Monetary Instruments.
OMB Number: 1506-0014.
Form Number: FinCEN Form 105.
Abstract: The Bank Secrecy Act (BSA), Titles I and II of Pub. L.
91-508, as amended, codified at 12 U.S.C. 1829b, 12 U.S.C. 1951-1959,
and 31 U.S.C. 5311-5332, authorizes the Secretary of the Treasury inter
alia to issue regulations requiring records and reports that are
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 or to implement counter-money
laundering programs and compliance procedures. Regulations implementing
Title II of the BSA appear at 31 CFR part 103. The authority of the
Secretary to administer the BSA has been delegated to the Director of
Financial Crimes Enforcement Network.
Pursuant to the BSA, ``a person or an agent or bailee of the person
shall file a report * * * when the person, agent, or bailee knowingly--
(1) transports, is about to transport, or has transported, monetary
instruments of more than $10,000 at one time--(A) from a place in the
United States to or through a place outside the United States; or (B)
to a place in the United States from or through a place outside the
United States; or (2) receives monetary instruments of more than
$10,000 at one time transported into the United States from or through
a place outside the United States.'' 31 U.S.C. 5316(a). The requirement
of 31 U.S.C. 5316(a) has been implemented through regulations
promulgated at 31 CFR 103.23 and through the instructions to the CMIR.
Information collected on the CMIR is made available, in accordance
with strict safeguards, to appropriate criminal law enforcement and
regulatory personnel in the official performance of their duties. The
information collected is of use in investigations involving
international and domestic money laundering, tax evasion, fraud, and
other financial crimes.
Current Actions: No changes are being made at this time.
Type of Review: Extension of currently approved collection.
Affected Public: Individuals, business or other for-profit
institutions, and not-for-profit institutions.
Estimated Number of Respondents: 280,000.
Estimated Time Per Respondent: 11 minutes.
Estimated Total Annual Burden Hours: 51,333 hours.
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 OMB control number. 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
[[Page 19924]]
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: April 10, 2006.
Robert Werner,
Director, Financial Crimes Enforcement Network.
[FR Doc. E6-5701 Filed 4-17-06; 8:45 am]
BILLING CODE 4810-02-P