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Federal forms, ICRs, and supporting documents

Information Collection Request

Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern

ICR 201606-1506-001 · OMB 1506-0071 · Historical Inactive

Forms and Documents
DocumentTypeStatusAvailability
1506-NEW_201606-1506-001_supporting_statement_20160705.doc Supporting Statement A Uploaded 2016-07-05 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
222081 Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern New
ICR Details
1506-0071 201606-1506-001
Historical Inactive
TREAS/FINCEN
Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern
New collection (Request for a new OMB Control Number)   No
Regular
Preapproved 10/27/2016
Retrieve Notice of Action (NOA) 07/28/2016
  Inventory as of this Action Requested Previously Approved
10/31/2019 36 Months From Approved
5,000 0 0
5,000 0 0
0 0 0
The Director of FinCEN found that the Democratic People’s Republic of Korea (‘‘North Korea’’) is a jurisdiction of primary money laundering concern. FinCEN is issuing this notice of proposed rulemaking (‘‘NPRM’’) to propose to prohibit covered financial institutions from opening or maintaining a correspondent account in the United States for or on behalf of a North Korean banking institution and to prohibit the use of foreign banking institutions’ correspondent accounts at covered U.S. financial institutions to process transactions involving North Korean financial institutions.
US Code: 31 USC 5318(A) Name of Law: Money and Finance
  
None
1506-AB35 Proposed rulemaking 81 FR 35665 06/03/2016
  81 FR 35665 06/03/2016
No
1
IC Title Form No. Form Name
Imposition of Special Measure Against North Korea as a Jurisdiction of Primary Money Laundering Concern
  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 5,000 0 0 5,000 0 0
Annual Time Burden (Hours) 5,000 0 0 5,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This is a new requirement that identifies North Korea as a country of primary money laundering concern.
No
No
No
No
No
Uncollected
Richard May 202 354-6022 [email protected]
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/28/2016