Bank Secrecy Act/Anti-Money Laundering Risk Assessment

Forms and Documents

Document Name	Status
Large Bank Population Form	Removed
Midsize Bank Population Form	Removed
Community Bank Population Form	Modified
1557-0231 Supporting Statement 7-10-19.docx Supporting Statement A	2019-07-10

IC Document Collections

IC ID	Document Title	Status
222645	Large Bank Population Form	Removed
222644	Midsize Bank Population Form	Removed
20141	Community Bank Population Form	Modified

ICR Details

OMB Control No: 1557-0231	ICR Reference No: 201907-1557-003
Status: Historical Inactive	Previous ICR Reference No: 201607-1557-007
Agency/Subagency: TREAS/OCC	Agency Tracking No:
Title: Bank Secrecy Act/Anti-Money Laundering Risk Assessment
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Withdrawn and continue	Conclusion Date: 07/29/2019
	Date Received in OIRA: 07/29/2019
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2019	36 Months From Approved	10/31/2019
Responses	1,535	0	1,535
Time Burden (Hours)	12,915	0	12,915
Cost Burden (Dollars)	0	0	0

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Abstract: The OCC conducts an annual data collection, known as the Money Laundering Risk (MLR) System, from community banks (which include both national banks and federal savings associations) to assist OCC examiners in supervising Bank Secrecy Act (BSA) and sanctions compliance. The MLR system enhances the ability of examiners and bank management to identify and evaluate BSA/money laundering and Office of Foreign Assets Control (OFAC) sanctions risks associated with banks’ products, services, customers, and geographies.

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Authorizing Statute(s): US Code: 12 USC 93a Name of Law: National Bank Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 20701	05/10/2019
30-day Notice:	Federal Register Citation:	Citation Date:
	84 FR 36659	07/29/2019
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Community Bank Population	N/A	OCC's BSA/AML Quantity of Risk Summary Form
Large Bank Population	N/A	OCC's BSA/AML Quantity of Risk Summary Form
Midsize Bank Population	N/A	OCC's BSA/AML Quantity of Risk Summary Form

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Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

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

Burden Reduction Due to: Miscellaneous Actions

Short Statement: The change in burden was due to the decrease in the community bank population, and the removal of estimated burdens for the midsize and large bank populations and federal branches and agencies. As part of ongoing efforts to enhance the efficiency and effectiveness of BSA and anti-money laundering compliance, the OCC will continue working to develop an optimal framework for MLR data collection from midsize and large bank populations and federal branches and agencies that will support OCC’s risk-based supervision.

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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? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/29/2019

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