OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers

ICR 202409-1506-001 · OMB 1506-0081 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
SupportingStatementIAFinalRule 9_4_2024.docx Supporting Statement A Uploaded 2024-09-04 Missing upstream
IC Document Collections
IC IDCollectionTypeStatusForm
265093 Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers Modified
ICR Details
1506-0081 202409-1506-001
Received in OIRA 202402-1506-002
TREAS/FINCEN
Anti-Money Laundering/Countering the Financing of Terrorism Program and Suspicious Activity Report Filing Requirements for Registered Investment Advisers and Exempt Reporting Advisers
New collection (Request for a new OMB Control Number)   No
Regular 09/05/2024
  Requested Previously Approved
36 Months From Approved
19,919 0
5,217,651 0
0 0
The Financial Crimes Enforcement Network (FinCEN) is submitting this information collection request for Office of Management and Budget (OMB) approval of the collection of information in a final rulemaking in support of the Bank Secrecy Act (BSA). Through this rulemaking, FinCEN will require that, with certain exclusions, SEC-registered investment advisers (RIAs) and exempt reporting advisers (ERAs) maintain anti-money laundering/countering the financing of terrorism (AML/CFT) programs, report suspicious activity, and comply with other recordkeeping and reporting requirements under the BSA.
US Code: 12 USC 1829b, 1951-1960 Name of Law: The Bank Secrecy Act
   US Code: 31 USC 5311-5314 and 5316-5336 Name of Law: The Bank Secrecy Act
  
None
1506-AB58 Final or interim final rulemaking 89 FR 72156 09/04/2024
Yes
  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 19,919 0 0 19,919 0 0
Annual Time Burden (Hours) 5,217,651 0 0 5,217,651 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This is a new final rule.
$8,439,000
No
    No
    No
No
No
No
No
FinCEN Resource Center 800 767-2825 [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.
09/05/2024