Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Money Services Businesses (MSBs), Mutual Funds, and Operators of Credit Card Systems
ICR 202604-1506-001 · OMB 1506-0020 · Received in OIRA
Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) Programs for Money Services Businesses (MSBs), Mutual Funds, and Operators of Credit Card Systems
Revision of a currently approved collection
No
Regular
05/07/2026
Requested
Previously Approved
36 Months From Approved
09/30/2027
333,427
2,858,065
262,419
159,982
0
0
FinCEN is submitting this information collection request to support its request that OMB approve a proposed revision to a collection of information associated with NPRM in support of the Bank Secrecy Act (BSA). The proposed rule implements section 6101(b) of the Anti-Money Laundering Act of 2020 (AML Act). On April 10, 2026, FinCEN published in the Federal Register a notice and request for comments on a proposed rule to fundamentally reform the requirements for financial institutionsâ AML/CFT programs. The NPRM aims to ensure that financial institutions establish and maintain AML/CFT programs that better achieve the purposes of the BSA and lead to more effective outcomes for financial institutions as well as law enforcement and national security agencies. Through this rulemaking, consistent with its statutory authority as the administrator of the BSA, FinCEN is also proposing measures to modernize and reform federal supervision of AML/CFT programs by enhancing FinCENâs role in AML/CFT supervision and enforcement in coordination with Federal banking regulators. In addition, FinCEN is proposing regulatory amendments to promote clarity and consistency across FinCENâs program requirements for different types of financial institutions. This information collection request covers the AML/CFT program requirements for MSBs, mutual funds, and operators of credit card systems.
The change in burden presented in Table 2 of the supporting statement is a result of (1) the newly articulated pro forma average annual 50-hour burden that mutual funds already incur associated with ongoing customer due diligence (67,750 hours), and (2) the newly articulated pro forma average annual one-hour burden associated with program approval for financial institution types that do not already have PRA burden associated with that activity. In this case, the new one-hour burden applies to MSB principals and operators of credit card systems (24,860 hours).
In part, the change in aggregate burden is also attributable to certain changes in baseline populations of affected financial institutions, including (1) an increase of 275 in the expected population of MSB principals that are providers and sellers of prepaid access (from 2,605 to 2,880), (2) a decrease of 2,919 in the expected population of MSB principals that are not providers and sellers of prepaid access (from 24,895 to 21,976), (3) an increase of 78,051 in the expected population of MSB agents (from 229,161 to 307,212), and (4) a decrease of 45 in the expected population of mutual funds (from 1,400 to 1,355).
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.
1506-0020_AML Program NPRM Supporting Statement 4_22_2026 FINAL.docx
AML/CFT Programs for Operators of Credit Card Systems