Federal Register - February 1, 2021

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Source: Federal Register

Federal Register / Vol. 86, No. 19 / Monday, February 1, 2021 / Notices FinCEN invites comments on any aspect of the traditional annual PRA
burden, as set out in Part 2 of this notice. In particular, FinCEN seeks comments on the adequacy of: i FinCENs assumptions underlying its estimate of the burden; ii the estimated number of hours required by each portion of the burden; and iii the organizational levels of the financial institution engaged in each portion of the burden, their estimated hourly remuneration, and the estimated proportion of participation by each role.
FinCEN encourages commenters to include any publicly available sources for alternative estimates or methodologies.
b Specific request for comments on the proposed criteria for determining the scope of a future annual PRA hourly burden and cost estimate.
FinCEN invites comments on any aspect of the criteria for a future estimate of the annual PRA burden, as set out in Part 3 of this notice.
c Specific request for comments on the appropriate criteria, methodology, and questionnaire required to obtain information to more precisely estimate the future annual PRA hourly burden and cost.
FinCEN invites comments on the most appropriate and comprehensive means to question financial institutions about the annual hourly burden and cost attributable solely to the regulations covered by this notice i.e., the hourly burden and cost of complying with the recordkeeping requirements imposed exclusively by the BSA, which are not used to satisfy contractual obligations, other regulatory requirements, or business purposes of the financial institution. The future annual PRA
hourly burden and cost estimate must take into consideration only the information collected and recorded that is used exclusively to comply with requirements under 31 CFR 1022.410
and 31 CFR 1023.410.
FinCEN seeks comments from the public regarding any questions we should consider posing in future notices, in addition to the specific questions for comment outlined directly below. Also, due to the difficulty involved in estimating the number of transaction accounts, lines of credit, and transactions that trigger recordkeeping requirements, as described in this notice, FinCEN welcomes any suggestions as to how to derive these estimates by using publicly available financial information.
d Specific questions for comment associated with making and retaining records required by the regulations described in this notice:

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1 Complying With 31 CFR 1022.410a On average, how many transaction accounts or lines of credit does your dealer in foreign exchange open/extend annually, which trigger the recordkeeping requirement in 31 CFR
1022.410a?
On average, how long does it take your dealer in foreign exchange to collect and retain the records required to be maintained when you open a transaction account or extend a line of credit?
2 Complying With 31 CFR 1022.410b On average, how often does your dealer in foreign exchange conduct each of the transactions described in 31 CFR
1022.410b, as explained in further detail in Section IStatutory and Regulatory Provisions?
On average, how long does it take your dealer in foreign exchange to collect and retain the records required to be maintained when you conduct one of the transactions described in 31 CFR
1022.410b?
3 Complying With 31 CFR 1023.410b On average, how often does your broker or dealer in securities conduct each of the transactions described in 31
CFR 1023.410b, as explained in further detail in Section IStatutory and Regulatory Provisions?
On average, how long does it take your broker or dealer in securities to collect and retain the records required to be maintained when you conduct one of the transactions described in 31 CFR
1023.410b?
e General request for comments.
Comments submitted in response to this notice will be summarized and/or included in the request for OMB
approval. All comments will become a matter of public record. Comments are invited on: i Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility;
ii the accuracy of the agencys estimate of the burden of the collection of information; iii ways to enhance the quality, utility, and clarity of the information to be collected; iv ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and v estimates of capital or start-up costs and costs of operation,
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maintenance, and purchase of services to provide information.
Kenneth A. Blanco, Director, Financial Crimes Enforcement Network.
FR Doc. 202102064 Filed 12921; 8:45 am BILLING CODE 481002P

DEPARTMENT OF THE TREASURY
Internal Revenue Service Open Meeting of the Taxpayer Advocacy Panels Special Projects Committee; Change Internal Revenue Service IRS, Treasury.

AGENCY:
ACTION:

Notice of meeting; change.

In the Federal Register notice that was originally published on January 22, 2021, Volume 86, Number 13, Page 6740 the time for this meeting has changed from 1:30 p.m. Eastern Time to 11:00 a.m. Eastern Time. All other meeting details remain the unchanged.

SUMMARY:

The meeting will be held Wednesday, February 10, 2021.

DATES:

FOR FURTHER INFORMATION CONTACT:

Antoinette Ross at 18889121227 or 2023174110.
Notice is hereby given pursuant to Section 10a2 of the Federal Advisory Committee Act, 5 U.S.C. App. 1988
that an open meeting of the Taxpayer Advocacy Panels Special Projects Committee will be held Wednesday, February 10, 2021, at 11:00 a.m. Eastern Time. The public is invited to make oral comments or submit written statements for consideration. Due to limited time and structure of meeting, notification of intent to participate must be made with Antoinette Ross. For more information please contact Antoinette Ross at 1
8889121227 or 2023174110, or write TAP Office, 1111 Constitution Ave. NW, Room 1509, Washington, DC
20224 or contact us at the website:
http www.improveirs.org. The agenda will include various IRS issues.

SUPPLEMENTARY INFORMATION:

Dated: January 26, 2021.
Kevin Brown, Acting Director, Taxpayer Advocacy Panel.
FR Doc. 202102007 Filed 12921; 8:45 am BILLING CODE 483001P

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Federal Register - February 1, 2021

TitoloFederal Register

PaeseStati Uniti

Data01/02/2021

Conteggio pagine179

Numero di edizioni7791

Prima edizione14/03/1936

Ultima edizione09/06/2026

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