Form 107 (RMSB) information collection, renewal without change (91 FR 23348)
Document text
Research, not advice. Part of the Bitcoin research archive (October 2026). Claims labelled unverified, contested or fringe are reported, not endorsed; statuses of bills and rules are as of the date checked. Government, court and patent records are public domain; the research notes are CC BY 4.0.
23348 Federal Register / Vol. 91, No. 83 / Thursday, April 30, 2026 / Notices
alternative to complying with 12 CFR OCC, including whether the information • Mail: Regulatory and Strategic
151.70, for an account in which the has practical utility; Affairs Division, Financial Crimes
savings association does not exercise (b) The accuracy of the OCC’s Enforcement Network, P.O. Box 39,
investment discretion, certain accounts estimate of the burden of the collection Vienna, VA 22183. Refer to docket
for which it exercises investment of information; number FINCEN–2026–0133 and OMB
discretion in other than an agency (c) Ways to enhance the quality, control number 1506–0013.
capacity, trust transactions, agency utility, and clarity of the information to
be collected; Please submit comments by one
transactions, certain periodic plan method only. Comments will be
transactions, collective investment fund (d) Ways to minimize the burden of
the collection on respondents, including reviewed consistent with the Paperwork
transactions, and money market funds.
Reduction Act of 1995 and applicable
• Twelve CFR 12.7(a)(1) through through the use of automated collection
(a)(3) require national banks to maintain techniques or other forms of information OMB regulations and guidance. Do not
and adhere to policies and procedures technology; and include any personally identifiable
that assign responsibility for (e) Estimates of capital or start-up information (such as name, address, or
supervision of employees who perform costs and costs of operation, other contact information) or
securities trading functions, provide for maintenance, and purchase of services confidential business information that
the fair and equitable allocation of to provide information. you do not want publicly disclosed. All
securities and prices to accounts for comments are public records; they are
Carl Kaminski,
certain types of orders, and provide for publicly displayed exactly as received,
Assistant Director, Office of the Comptroller and will not be deleted, modified, or
crossing of buy and sell orders on a fair of the Currency.
and equitable basis. redacted. Comments may be submitted
[FR Doc. 2026–08444 Filed 4–29–26; 8:45 am]
• Twelve CFR 151.140 requires anonymously.
BILLING CODE 4810–33–P
Federal savings associations to adopt FOR FURTHER INFORMATION CONTACT:
written policies and procedures dealing FinCEN’s Regulatory Support Section at
with the functions involved in effecting DEPARTMENT OF THE TREASURY www.fincen.gov/contact.
securities transactions on behalf of
customers. These policies and Financial Crimes Enforcement Network SUPPLEMENTARY INFORMATION:
procedures must assign responsibility I. Statutory and Regulatory Provisions
for the supervision of employees who Agency Information Collection
perform securities trading functions, Activities; Proposed Renewal; The legislative framework generally
provide for the fair and equitable Comment Request; Renewal Without referred to as the BSA consists of the
allocation of securities prices to Change of the Registration of Money Currency and Foreign Transactions
accounts for certain types of orders, and Services Businesses Regulation and Reporting Act of 1970,1 as amended by
provide for crossing of buy and sell FinCEN Form 107 the Uniting and Strengthening America
orders on a fair and equitable basis. AGENCY: Financial Crimes Enforcement by Providing Appropriate Tools
• Twelve CFR 12.7(a)(4) requires Required to Intercept and Obstruct
Network (FinCEN), Treasury.
certain national bank officers and Terrorism Act of 2001 (USA PATRIOT
ACTION: Notice and request for
employees involved in the securities Act),2 Anti-Money Laundering Act of
trading process to report to the bank all comments.
2020 (AML Act), and other legislation.3
personal transactions in securities made SUMMARY: As part of its continuing effort The BSA is codified at 12 U.S.C. 1829b
by them or on their behalf in which they to reduce paperwork and respondent and 1951–1960, and 31 U.S.C. 5311–
have a beneficial interest. burden, FinCEN invites comments on a 5314 and 5316–5336, and includes
• Twelve CFR 151.150 requires renewal, without change, to information notes thereto, with implementing
certain Federal savings association collection requirements contained in regulations at 31 CFR chapter X.
officers and employees to report Bank Secrecy Act (BSA) regulations and
personal transactions they make or that The BSA authorizes the Secretary of
FinCEN Form 107—Registration of the Treasury (Secretary) to, inter alia,
are made on their behalf in which they Money Services Business (RMSB).
have a beneficial interest. require financial institutions to keep
Under the regulations, money services
• Twelve CFR 12.8 requires a national businesses (MSBs) must register with
records and file reports that are
bank seeking a waiver of one or more of determined to have a high degree of
FinCEN using FinCEN Form 107, renew
the requirements of §§ 12.2 through 12.7 usefulness in criminal, tax, and
their registration every two years, and
to file a written request for waiver with regulatory matters, risk assessments or
maintain a list of their MSB agents, if
the OCC. proceedings, or in intelligence or
applicable. This request for comments is
counter-intelligence activities, including
Estimated Burden made pursuant to the Paperwork
analysis, to protect against terrorism,
Reduction Act of 1995.
Estimated Frequency of Response: On and to implement anti-money
occasion. DATES: Written comments are welcome
laundering/countering the financing of
Estimated Number of Respondents: and must be received on or before June terrorism (AML/CFT) programs and
306. 29, 2026. compliance procedures.4 The Secretary
Estimated Total Annual Burden: ADDRESSES: Comments may be
1,497 hours. submitted by any of the following 1 Title II of Public Law 91–508, 84 Stat. 1118 (Oct.
Comments: On February 20, 2026, the methods:
khammond on DSK9W7S144PROD with NOTICE
26, 1970).
OCC published a 60-day notice for this • Federal E-rulemaking Portal: http:// 2 Public Law 107–56, 115 Stat. 272 (Oct. 26,
information collection, (91 FR 8307). No www.regulations.gov. Follow the 2001).
comments were received. instructions for submitting comments. 3 The AML Act was enacted as Division F,
Refer to docket number FINCEN–2026– sections 6001–6511, of the William M. (Mac)
Comments continue to be invited on: Thornberry National Defense Authorization Act for
(a) Whether the collection of 0133 and the Office of Management and Fiscal Year 2021, Public Law 116–283, 134 Stat
information is necessary for the proper Budget (OMB) control number 1506– 3388 (Jan. 1, 2021).
performance of the functions of the 0013. 4 See 31 U.S.C. 5311(1)-(2).
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Federal Register / Vol. 91, No. 83 / Thursday, April 30, 2026 / Notices 23349
has delegated to the Director of FinCEN 1022.380), MSBs must file an initial (MSB agent list).26 The MSB agent list
the authority to administer the BSA.5 registration form with FinCEN, renew must be revised each January 1 for the
FinCEN has defined the BSA term their registration every two years, re- immediately preceding 12-month period
‘‘financial institution’’ to include a register under certain circumstances, with information that is current within
‘‘money services business’’ (MSB).6 This and maintain a list of their MSB agents, 45 days of the revision.27 In general, the
category includes a dealer in foreign if applicable.16 MSB agent list must include the
exchange; a check casher; an issuer or following information about each MSB
seller of traveler’s checks or money A. Registration
agent: (1) name; (2) address; (3)
orders; a provider of prepaid access; a Each MSB, with few exceptions, must telephone number; (4) type(s) of MSB
money transmitter; the U.S. Postal register with FinCEN.17 Registration activity (e.g., check cashing, currency
Service; and a seller of prepaid access.7 occurs via FinCEN Form 107.18 The exchange, or money transmission,
Like other financial institutions under registration form for an MSB’s initial among others); (5) list of the months in
the BSA, MSBs must implement AML registration period must be filed on or which the MSB agent’s gross transaction
programs, make certain reports to before the end of the 180-day period amount of MSB principal-issued
FinCEN, and maintain certain records to beginning on the day following the date financial products or services exceeded
facilitate financial transparency. MSBs the MSB is established.19 The initial $100,000 in the 12 months immediately
are generally required to: (1) establish registration period is the two-calendar- preceding the date of the MSB
written AML programs that are year period that begins with the principal’s last MSB agent list; (6) the
reasonably designed to prevent the MSB calendar year in which the MSB is first name and address for any depository
from being used to facilitate money required to be registered.20 An MSB’s institution at which the MSB agent
laundering and the financing of terrorist first renewal comes due on or before the maintains a transaction account for all
activities; 8 (2) file Currency Transaction last day of that period (i.e., December or part of the funds for financial
Reports 9 (CTRs) and Suspicious 31st of the second calendar year of the products or services issued by the MSB
Activity Reports 10 (SARs); and (3) period), with subsequent renewals due principal; (7) first year in which the
maintain certain records,11 including every two years thereafter.21 MSB agent served an agent of the MSB
those relating to the purchase of certain In addition to setting forth when an principal; and (8) number of MSB agents
monetary instruments,12 and certain MSB is required to first obtain and then or MSB subagents the MSB agent has.28
transmittals of funds.13 MSBs are renew its registration, the regulations An MSB principal is not required to
subject to examination for BSA also require MSBs to re-register not later include its MSB agent list when filing
compliance by the Internal Revenue than 180 days after any of the following its registration with FinCEN using Form
Service (IRS).14 occurs: (1) a change in ownership that 107, but the MSB principal must
The BSA requires all MSBs, both requires the MSB to be re-registered maintain the MSB agent list at a location
principals and their agents, to establish under state law; (2) a transfer of 10 in the United States reported on the
and maintain an effective written AML percent of voting or equity interest in MSB registration form.29
program reasonably designed to prevent the MSB; 22 or (3) an increase in MSB
the MSB from being used to facilitate II. Paperwork Reduction Act (PRA) 30
agents of 50 percent or more.23 MSBs
money laundering and the financing of must maintain for a period of five years Title: Registration of Money Services
terrorist activities. Although principals a copy of any registration form filed Businesses (31 CFR 1022.380).
and agents may contractually allocate under 31 CFR 1022.380 at a location in OMB Control Number: 1506–0013.
responsibility for developing policies, the United States.24
procedures, and internal controls, both Form Number: FinCEN Form 107–
the principal and its agents remain B. Maintenance of an MSB Agent List RMSB.
liable under the rules for the existence A person that is an MSB solely Abstract: FinCEN is issuing this
of these respective policies, procedures, because that person serves as an agent notice to renew the OMB control
and controls.15 of another MSB is not required to number for the registration of MSB
Under 31 U.S.C. 5330 and its register.25 However, an MSB that is not regulations at 31 CFR 1022.380 and
implementing regulation (31 CFR solely an agent of other MSBs (an ‘‘MSB FinCEN Form 107—RMSB.
principal’’), and that itself maintains Type of Review: Renewal without
5 Treasury Order 180–01 (reaffirmed Jan. 14,
any MSB agents must prepare and change of a currently approved
2020); see also 31 U.S.C. 310(b)(2)(I) (providing that
the Director of FinCEN shall ‘‘[a]dminister the
maintain a list of those MSB agents information collection.
requirements of subchapter II of chapter 53 of this Affected Public: Business or other for-
title, chapter 2 of title I of Public Law 91–508, and 16 See 31 CFR 1010.100(ff).
section 21 of the Federal Deposit Insurance Act, to 17 See 31 CFR 1022.380(a).
profit institutions.
the extent delegated such authority by the 18 See 31 CFR 1022.380(b)(1)(i); FinCEN, Frequency: As required.31
Secretary.’’). Registration of Money Services Business (RMSB)
6 See 31 CFR 1010.100(t)(3).
Electronic Filing Instructions (July 2014—Version 26 See 31 CFR 1022.380(d)(1).
7 See 31 CFR 1010.100(ff).
1.0), https://www.fincen.gov/sites/default/files/ 27 Id.; see also 31 CFR 1022.380(d)(2)(ii).
8 See 31 CFR 1022.210. shared/FinCENRMSB_ElectronicFiling 28 See 31 CFR 1022.380(d)(2)(i).
9 See 31 CFR 1010.306–314. Instructions.pdf. 29 See 31 CFR 1022.380(d)(1). This is necessary
10 See 31 CFR 1022.320. 19 See 31 CFR 1022.380(b)(3).
20 See 31 CFR 1022.380(b)(2).
because the regulations require an MSB to make its
11 See 31 CFR 1010.430.
list available, upon request, to FinCEN, an
12 See 31 CFR 1010.415. 21 See 31 CFR 1022.380(b)(2), (b)(3).
appropriate law enforcement agency, or the
khammond on DSK9W7S144PROD with NOTICE
13 See 31 CFR 1010.410(e)–(f). 22 Re-registration is not required if the transfer in
examination function of the Internal Revenue
14 See 31 CFR 1010.810(b)(8). voting power or equity interest is required to be Service, in its capacity as delegee of BSA
15 See FinCEN, FIN–2016–G001, Guidance on reported to the Securities and Exchange examination authority. Id.
Existing AML Program Rule Compliance Commission. 30 See 44 U.S.C. 3506(c)(2)(A).
23 See 31 CFR 1022.380(b)(4). 31 Registration renewals are required every two
Obligations for MSB Principals with Respect to
24 See 31 CFR 1010.430(d); 31 CFR
Agent Monitoring (FIN–2016–G00) (Mar. 11, 2016), years (see 31 CFR 1022.380(b)(2)-(3)), and principal
https://www.fincen.gov/resources/statutes- 1022.380(b)(1)(iii). MSBs are required to prepare or revise their agent
regulations/guidance/guidance-existing-aml- 25 See 31 CFR 1022.380(a)(3); see also 31 CFR list as needed on an annual basis (see 31 CFR
program-rule-compliance-obligations. 1022.380(c). 1022.380(d)(1).
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23350 Federal Register / Vol. 91, No. 83 / Thursday, April 30, 2026 / Notices
Estimated Number of Potential year from approximately 11,783 unique same period, FinCEN received an
Respondents: 24,856 MSBs.32 filers per year, on average.35 This is average of 309 re-registrations per year,
Based on its analysis of FinCEN Form equivalent to about 1.28 filings per from an average of 253 unique filers per
107 filings over the three-calendar-year unique filer per year. year. Combined, this results in an
period ending December 31, 2025, FinCEN observed that some filers annual average of 9,812 filings from an
FinCEN observes that there are submitted more than one filing of the average of 8,011 unique filers, for an
approximately 24,856 unique, currently same type in a given year.36 In some average of 1.22 filings per respondent.
active MSB principals and cases this appears to have been done to
approximately 307,212 MSB agents in correct other registrations, renewals, or Maintenance of an Agent List
the United States.33 As explained above, re-registrations, filed earlier. Over the FinCEN estimates that there are
only MSB principals that are not full three-year period, approximately 10 307,212 active MSB agents in the United
otherwise exempt are required to percent of all original filings were later States, which is equivalent to an average
complete and file a FinCEN Form 107. corrected with a subsequent filing.37
However, because the registration of 12 agents per registered MSB.
The following sections describe the
period is generally two years (with a However, this figure is highly skewed
anticipated number of respondents and
partial exception for the first registration by a few large MSB principals with
responses for each type of filing as well
period as explained above), not all MSB many MSB agents and does not reflect
as for those maintaining agent lists.
principals complete and submit a that most registered MSBs face little to
These are summarized in table 1 below.
FinCEN Form 107 in any given year. no burden in connection with the
Therefore, while the total population Initial Registrations regulatory obligation to maintain a list
of MSBs that have obligations pursuant Over the past three-year period, of MSB agents. A non-trivial proportion
to the BSA is approximately 332,068, FinCEN received an annual average of (approximately 75 percent) of registered
the number of potential respondents 5,278 initial filings, from an average of MSBs do not report having any MSB
expected to incur a PRA burden in a 4,093 unique filers per year. This results agents. Furthermore, based on the
given year in connection with the in a three-year annual average of FinCEN Form 107 submissions that
requirements covered by this notice is approximately 1.29 filings per FinCEN analyzed, of the approximately
much smaller. respondent. 25 percent of MSB principals that
Estimated Number of Expected reported having MSB agents,
Respondents: 17,997 MSBs annually, on Registration Renewals and Re- approximately 75 percent of these (19
average.34 Registrations percent of all MSB principals) have only
In the three-year period between 2023 Over the past three-year period, one.38 Conditional on having at least
and 2025, FinCEN received 45,272 FinCEN received an average of 9,503 one MSB agent, the average number of
FinCEN Form 107 submissions, renewals per year, from an average of MSB agents per registered MSB is
averaging 15,091 filings per calendar 7,827 unique filers per year. Over the approximately 49.
TABLE 1—NUMBER OF RESPONDENTS AND RESPONSES
Average
Number of number of Number of
Activity respondents responses per responses
respondent
Initial Registration ........................................................................................................................ 4,093 1.29 5,278
Renewals & Re-registrations ....................................................................................................... 8,011 1.22 9,812
Maintain MSB Agent List ............................................................................................................. a 6,214 1.00 6,214
Total ...................................................................................................................................... b 17,997 21,305
a This reflects the estimated 25 percent of MSB principals with MSB agents.
b This total represents the total number of unique annual respondents for across the three filing types (i.e., initial registrations, renewals, and
re-registrations; 11,783 MSBs), plus the estimated number of MSB principals maintaining MSB agent lists (6,214 MSBs). However, because
some filers completed more than one type of filing during the three-year period, the number of unique respondents (17,997) is less than the sum
of the respondents across all three activities (18,318). Additionally, because some MSB principals with MSB agents may also complete a filing in
a given year, this total may overstate the number of unique respondents in a given year.
32 FinCEN’s estimate of potential respondents is 1, where respondents are de-duplicated within completed three or more. These ratios were
based on a count of MSBs with indicia of operating registration filings across filing types, but not de- consistent across unique MSB filers of all three
as MSB principals, including but not limited to at duplicated across registration and agent list filing types, resulting in an average of about 1.2
least one registration filing within the most recent maintenance activities. filings per filer annually for each type.
three calendar years. Because MSB agents are not 35 FinCEN notes that the total population of
37 Mindful of its obligation to seek opportunities
typically subject to registration requirements, they potential respondents is based on the number of
are generally excluded from the population of MSB principals (24,856) as of year-end 2025, to reduce paperwork burden and enhance the
expected respondents. whereas the estimates of expected respondents by efficiency of its information collections, FinCEN is
33 These estimates incorporate multiple sources of response type are based on the average annual requesting comment on potential activities the
data, including both FinCEN filing data and number of unique filers over the past three calendar public believes the agency could undertake that
proprietary data provided by certain third party years, two of which had higher baseline would help reduce the incidence, and thereby the
sources. populations of MSBs. This may lead to an
khammond on DSK9W7S144PROD with NOTICE
burden, of duplicated filing due to form completion
34 This estimate represents the expected number overestimate of expected burden if future MSB errors or omissions.
of respondents by respondent-response pairs, not populations remain the same or decrease in the next 38 Across unique MSB principals, slightly less
the number of unique MSB respondents anticipated three years. FinCEN is requesting comment on the
in a given year. Because an individual MSB may be likelihood that the sensitivity of its anticipated than 75 percent had zero MSB agents,
subject to more than one type of reporting and/or burden estimates to the assumption of a stable MSB approximately 19 percent had one MSB agent,
recordkeeping obligation (itemized below as population would lead to substantive inaccuracies. approximately six percent had between two and 50
different categories of responses) in a given 36 Across all three filing types, about 85 percent MSB agents, and less than one percent had more
calendar year, the same MSB may be counted more of filers completed one filing annually, 12 percent than 50 MSB agents.
than once as an expected respondent. See also table completed two filings, and about three percent
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Federal Register / Vol. 91, No. 83 / Thursday, April 30, 2026 / Notices 23351
Estimated Total Annual Registration Renewals and Re- Maintenance of an MSB Agent List
Recordkeeping and Reporting Burden: Registrations Each MSB principal is required to
14,047 hours. prepare and maintain a list of its MSB
When an MSB submits a FinCEN
Below, we describe the anticipated Form 107 online via the BSA Portal, the agents. That list must include for each
burden hours FinCEN assigns for each agent the information described above
BSA electronic filing system prompts
activity required by the covered in section I.B. The list must be revised
the respondent to save a copy. If an
regulation. The burdens associated with annually to reflect any changes.
MSB saves a submitted FinCEN Form
filing initial registrations, registration FinCEN estimates that the hourly
107, it would subsequently be able to burden of drafting an MSB agent list and
renewals, and re-registration reflect the
avoid completing the entire form anew revising it annually is approximately 30
average anticipated burden to complete
and instead submit an updated version minutes (0.5 hours) on average per MSB
and save the form for a typical MSB
principal. FinCEN acknowledges that of the previously saved submission with principal. FinCEN views most of the
different burden estimates may apply to revisions to reflect any new information. requisite information in an MSB agent
MSB principals of various sizes and Thus, for renewals, MSBs can simply list as basic data MSB principals would
types and would depend on the number amend Part I by selecting ‘‘item 1b’’ probably need in the ordinary course of
of forms submitted and other facts and (renewal), make any necessary changes business, and thus readily available to
circumstances. For example, certain to their saved prior submission, and MSB principals. However, FinCEN
MSBs may need to complete more fields submit the updated form. For re- believes the requirement to annually
within FinCEN Form 107 than others.39 registrations, MSBs can similarly amend update the list for each MSB agent the
These MSBs may incur higher reporting Part I by selecting ‘‘item 1d’’ (re- months in which an MSB agent’s gross
burdens commensurate with the registration), select the appropriate transaction amount in financial
additional information they would be response in item 2 (indicating the products or services issued by the MSB
required to provide. As such, the reason for re-registration), make any principal exceeds $100,000 may require
average burden estimates presented in necessary updates, and submit the additional auditing or verification, or
this notice may not represent the revised form. otherwise depend on information not
economic burden any particular readily available to the MSB principal
Because an MSB does not have to
respondent would incur. in a list format. In these cases, MSB
complete the entire form anew, FinCEN agent list maintenance requirements
Initial Registration estimates that the hourly burden of may necessitate additional time to
filing and maintaining a copy of the research and record.
FinCEN estimates that the hourly renewal or re-registration of the FinCEN As FinCEN does not require MSB
burden of filing and maintaining an Form 107 is 40 minutes (0.67 hours), principals to maintain MSB agent lists
initial FinCEN Form 107 is 50 minutes which include 30 minutes to revise the in any particular format, it is foreseeable
(0.83 hours), which include 40 minutes form and file it, and 10 minutes to save that affected MSB principals could
to fill out the form and file it, and 10 the form electronically and/or print out leverage accounting records or business
minutes to save the form electronically a copy to maintain. As with the initial processes to create and revise their MSB
and/or print out a copy to maintain.40 registration, most of the information agent lists. Given the observed
FinCEN suggests that the information required to be included on the form is distribution of MSB agents across MSB
required to be included on the form is basic information that FinCEN expects principals discussed above, FinCEN is
basic information MSBs need to an MSB would otherwise need to assigning a recordkeeping burden of 30
maintain to conduct business. With an maintain to conduct business. Given an minutes annually on average for MSB
average of 1.29 filings per expected annual average of 1.22 filings per principals to update and maintain their
respondent, this results in an average expected respondent, this equates to an MSB agent lists, while acknowledging
annual burden of approximately 1.07 average annual burden of about 0.82 that many will require less time than
hours per expected respondent in a hours per expected respondent.42 this, and a small number may require
given year.41 substantially more.
TABLE 2—ESTIMATED AVERAGE ANNUAL BURDEN HOURS
Number of Burden Total
Hours per Number of
Activity responses per hours per burden
response * respondents
respondent * respondent * hours
Initial Registration ................................................................ 0.83 1.29 1.07 4,093 4,398.6
Renewals & Re-registrations ............................................... 0.67 1.22 0.82 8,011 6,541.6
Maintain MSB Agent List ..................................................... 0.50 1.00 0.50 6,214 3,107.0
Total .............................................................................. 17,997 14,047.2
a The hourly burden estimates and number of responses per respondent presented in this table are rounded to the nearest hundredth of an
hour for presentation purposes. Total burden figures are produced using unrounded figures for accuracy.
khammond on DSK9W7S144PROD with NOTICE
39 For example, an MSB that is a provider of access programs, while three percent of MSB 40 FinCEN has lowered this estimate from 70
prepaid access must identify each prepaid program principals reported a foreign address. FinCEN minutes in the prior renewal based on an internal
for which it is the provider of prepaid access. See estimates that providing the requisite additional analysis of form completion time using sample data.
31 CFR 1022.380(a)(1). A foreign-located MSB information would take providers of prepaid access 41 1.29 filings per respondent multiplied by 50
principal must complete additional fields to approximately four minutes per affected MSB, minutes (0.83 hours) per initial filing is
identify an MSB agent in the United States, as well while foreign-located MSB principals would spend approximately 1.07 hours per respondent.
as the location of certain records. See 31 CFR approximately one minute per affected MSB.
42 1.22 filings per respondent multiplied by 40
1022.380(a)(2). FinCEN estimates that only 0.5 minutes (0.67 hours) per filing is approximately
percent of MSB principals are providers of prepaid 0.82 hours.
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23352 Federal Register / Vol. 91, No. 83 / Thursday, April 30, 2026 / Notices
Estimated Total Annual hourly wage rate to the average annual registration, registration renewal, and
Recordkeeping and Reporting Cost: burden hours per respondent from table re-registration forms as well as the agent
$1,752,126, on average. 2.43 To estimate the average annual non- lists, FinCEN applies a per-record cost
To estimate the average annual labor labor cost per respondent associated of $0.10 to the number of responses per
cost per respondent, FinCEN applies an with storing copies of the initial respondent presented in table 2.44
TABLE 3—ESTIMATED AVERAGE ANNUAL AGGREGATE COST ESTIMATES
Burden Total
Number of Cost per
Activity hours per burden Total cost
respondents respondent
respondent hours
Initial Registration ................................................................ 4,093 1.07 4,398.6 $134.01 $548,507
Renewals & Re-registrations ............................................... 8,011 0.82 6,541.6 101.85 815.928
Maintain Agent List .............................................................. a 6,214 0.50 3,107.0 62.39 387,691
Total .............................................................................. 17,997 14,047.2 1,752,126
General Request for Comments: generalizability and other usability equipment provisioning, and oversight
Comments submitted in response to features of the data. activities. This action is necessary to
this notice will be summarized or 2. How would changes in the size or meet the requirements of the Privacy
included in a request for OMB approval. composition of the MSB population Act to publish in the Federal Register
All comments will become a matter of affect FinCEN’s estimated burden? Are notice of the existence and character of
public record. Comments are invited on: there other assumptions that are more the system of records maintained by
(1) whether the collection of likely to contribute to substantive Treasury.
information is necessary for the proper inaccuracies in the total burden and cost DATES: Written comments must be
performance of the functions of the estimates? If so, please describe. received by June 1, 2026. This new
agency, including whether the 3. What changes to FinCEN Form 107
system will be effective upon
information shall have practical utility; would reduce common errors or
publication. The routine uses will be
(2) the accuracy of the agency’s estimate omissions?
applicable on June 1, 2026 unless
of the burden of the collection of Jimmy L. Kirby, Treasury receives comments and
information; (3) ways to enhance the Deputy Director, Financial Crimes determines that changes to the system of
quality, utility, and clarity of the Enforcement Network. records notice are necessary.
information to be collected; (4) ways to [FR Doc. 2026–08363 Filed 4–29–26; 8:45 am] ADDRESSES: Written comments on this
minimize the burden of the collection of BILLING CODE 4810–02–P notice may be submitted electronically
information on respondents, including through the Federal government
through the use of automated collection eRulemaking portal at http://
techniques or other forms of information DEPARTMENT OF THE TREASURY www.regulations.gov; docket number
technology; and (5) estimates of capital TREAS–DO–2026–0298. Electronic
or start-up costs, costs of operation and Privacy Act; System of Records submission of comments allows the
maintenance, and cost involved in AGENCY: Department of the Treasury. commenter maximum time to prepare
purchasing services. and submit a comment, ensures timely
ACTION: Notice of a new system of
III. Additional Requests for Comment: records. receipt, and enables the Treasury to
make the comments available to the
As part of its efforts to implement the SUMMARY: In accordance with the public. Please note that comments
AML Act, FinCEN is conducting Privacy Act of 1974, as amended submitted through https://
assessments of the PRA burden (Privacy Act), the Department of the www.regulations.gov will be public and
associated with BSA requirements. To Treasury (Treasury) proposes to can be viewed by members of the
support those assessments, FinCEN is establish a new Treasury system of public.
requesting comments in response to the records entitled ‘‘Department of the Treasury encourages comments to be
following questions: Treasury, Treasury .030—Contractor submitted via https://
1. Is there publicly available data that Workforce’’ for information concerning www.regulations.gov. All comments
went unmentioned in this notice, but contractors. The information collected submitted, including attachments and
that FinCEN should consider when and maintained in this system will be other supporting material, will be made
estimating the number of MSB agents? used in support of contract public, including any personally
If possible, please comment on the administration, credentialling, identifiable or confidential business
43 Throughout this analysis, FinCEN applies an determined are most directly comparable to its 11 Compensation data, https://www.bls.gov/
hourly wage rate that is a general composite hourly categories of potentially affected financial news.release/archives/ecec_09102024.pdf.
wage rate ($87.61) scaled by a private sector institutions as delineated in 31 CFR parts 1020 to 44 This estimate conforms FinCEN’s prior
benefits factor of 1.42 ($124.58 = $87.61 × 1.42). 1030. Given that many occupations provide benefits
estimates of recordkeeping cost associated with
This incorporates Bureau of Labor Statistics mean beyond wages (e.g., insurance and paid leave),
khammond on DSK9W7S144PROD with NOTICE
wage data (May 2024—National industry-specific FinCEN applies the private sector benefit factor to processing and saving electronic records. See, e.g.,
and by ownership, https://www.bls.gov/oes/ the unloaded wage rate to reflect the total cost to FinCEN, Agency Information Collection Activities;
tables.htm), associated with six occupational codes the employer. The benefit factor is the ratio of total Proposed Renewal; Comment Request; Renewal
(11–1010: Chief Executives; 11–3021: Computer and compensation (which includes wages and benefits) Without Change on Information Sharing Between
Information Systems Managers; 11–3031: Financial to wages. Total compensation = 43.94 and Wages Government Agencies and Financial Institutions, 90
Managers; 13–1041: Compliance Officers; 23–1010: and salaries = 30.90 (1.42 = 43.94 ÷ 30.90) as of June FR 47125 (Sep. 30, 2025), at 47130, also available
Lawyers and Judicial Law Clerks; 43–3099: 2024, based on the private industry workers series at: https://www.federalregister.gov/d/2025-18928/p-
Financial Clerks, All Other) for each of the nine data downloaded from the Bureau of Labor
89.
groupings of NAICS industry codes that FinCEN Statistics, Employer Costs for Employee
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