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View ICR - OIRA Conclusion

OMB Control No: 1506-0020	ICR Reference No: 201808-1506-006
Status: Historical Active	Previous ICR Reference No: 201504-1506-002
Agency/Subagency: TREAS/FINCEN	Agency Tracking No:
Title: Anti-Money Laundering programs for money services business, mutual funds, operators of credit card systems, and Providers of Prepaid Access
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/17/2019
	Date Received in OIRA: 10/30/2018
Terms of Clearance: Prior to subsequent renewals, FinCEN will a) clarify that the ICRs pertain to a recordkeeping requirement; b) incorporate language distinguishing between the burden of the program requirement vs. the burden of the documentation and recordkeeping requirement; c) solicit comment on the extent to which the recordkeeping requirement is requiring burden through the production of additional documentation not otherwise useful to the operation of the AMLprogram; and d) generate a burden estimate of the recordkeeping requirement in light of the responses received.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2020	36 Months From Approved	04/30/2019
Responses	2,910,406	0	2,838,406
Time Burden (Hours)	413,216	0	341,216
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	2,910,406	2,838,406	72,000
Annual Time Burden (Hours)	413,216	341,216	72,000
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: There is an increase in burden due to higher estimates of the number of entities required to maintain written AML programs, based on the most recent data.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Jaclyn Stewart 202 354-6028 jaclyn.stewart@fincen.gov

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