[Federal Register Volume 84, Number 230 (Friday, November 29, 2019)]
[Notices]
[Page 65899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-25876]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Imposition of Special Measure Against North 
Korea as a Jurisdiction of Primary Money Laundering Concern

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before December 30, 2019 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Financial Crimes Enforcement Network (FinCEN)

    Title: Imposition of Special Measure Against North Korea as a 
Jurisdiction of Primary Money Laundering Concern.
    OMB Control Number: 1506-0071.
    Type of Review: Extension without change of a currently approved 
collection.
    Description: The Director of FinCEN found that the Democratic 
People's Republic of Korea (``North Korea'') is a jurisdiction of 
primary money laundering concern. FinCEN issued regulations that 
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 which prohibit the use of foreign 
banking institutions' correspondent accounts at covered U.S. financial 
institutions to process transactions involving North Korean financial 
institutions.
    Form: None.
    Affected Public: Businesses or other for-profits.
    Estimated Number of Respondents: 23,615.
    Frequency of Response: On Occasion.
    Estimated Total Number of Annual Responses: 23,615.
    Estimated Time per Response: 1 hour.
    Estimated Total Annual Burden Hours: 23,615.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: November 25, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2019-25876 Filed 11-27-19; 8:45 am]
 BILLING CODE 4810-02-P