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View ICR - OIRA Conclusion

OMB Control No: 1506-0020	ICR Reference No: 202010-1506-009
Status: Historical Active	Previous ICR Reference No: 201808-1506-006
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: 12/08/2020
	Date Received in OIRA: 10/30/2020
Terms of Clearance: FinCEN is working with OIRA to more accurately quantify the compliance costs of programs it overseas under the Bank Secrecy Act.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved	12/31/2020
Responses	2,853,697	0	2,910,406
Time Burden (Hours)	155,076	0	413,216
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	2,853,697	2,910,406	-56,709
Annual Time Burden (Hours)	155,076	413,216	-258,140
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The decrease in burden is predominately due to a decrease in the number of financial institutions impacted by the AML program regulations. In 2018, we estimated that there were 327,106 respondents. The estimated number of respondents for this renewal is 253,697. The main reason for the decrease in the estimated number of respondents is a decrease in number of MSBs from 324,100 in 2018 to 252,100 in 2020.

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? No

Agency Contact: FinCEN Resource Center 800 767-2825 frc@fincen.gov

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