Agency Information Collection Activities; Information Collection Revision; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment
Federal RegisterJun 24, 2025
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DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency
Agency Information Collection Activities; Information Collection Revision; Comment Request; Bank Secrecy Act/Money Laundering Risk Assessment
AGENCY:
Office of the Comptroller of the Currency (OCC), Treasury.
ACTION:
Notice and request for comment.
SUMMARY:
The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites comment on a continuing information collection, as required by the Paperwork Reduction Act of 1995 (PRA). In accordance with the requirements of the PRA, the OCC may not conduct or sponsor, and the respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment concerning a revision to its information collection titled, “Bank Secrecy Act/Money Laundering Risk Assessment,” also known as the Money Laundering Risk (MLR) System.
DATES:
Comments must be submitted by August 25, 2025.
ADDRESSES:
Commenters are encouraged to submit comments by email, if possible. You may submit comments by any of the following methods:
•
Email: prainfo@occ.treas.gov.
•
Mail:
Chief Counsel's Office, Attention: Comment Processing, Office of the Comptroller of the Currency, Attention: 1557-0231, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
•
Hand Delivery/Courier:
400 7th Street SW, Suite 3E-218, Washington, DC 20219.
•
Fax:
(571) 293-4835.
Instructions:
You must include “OCC” as the agency name and “1557-0231” in your comment. In general, the OCC will publish comments on
www.reginfo.gov
without change, including any business or personal information provided, such as name and address information, email addresses, or phone numbers. Comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comment or supporting materials that you consider confidential or inappropriate for public disclosure.
Following the close of this notice's 60-day comment period, the OCC will publish a second notice with a 30-day comment period. You may review comments and other related materials that pertain to this information collection beginning on the date of publication of the second notice for this collection by the method set forth in the next bullet.
•
Viewing Comments Electronically:
Go to
www.reginfo.gov.
Hover over the “Information Collection Review” tab and click on “Information Collection Review” from the drop down menu. From the “Currently under Review” drop-down menu, select “Department of Treasury” and then click “submit.” This information collection can be located by searching OMB control number “1557-0231” or “Bank Secrecy Act/Money Laundering Risk Assessment.” Upon finding the appropriate information collection, click on the related “ICR Reference Number.” On the next screen, select “View Supporting Statement and Other Documents” and then click on the link to any comment listed at the bottom of the screen.
• For assistance in navigating
www.reginfo.gov,
please contact the Regulatory Information Service Center at (202) 482-7340.
FOR FURTHER INFORMATION CONTACT:
Shaquita Merritt, OCC Clearance Officer, (202) 649-5490, Chief Counsel's Office, Office of the Comptroller of the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.
SUPPLEMENTARY INFORMATION:
Under the PRA (44 U.S.C. 3501
et seq.
), Federal agencies must obtain approval from the OMB for each collection of information that they conduct or sponsor. “Collection of information” is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to include agency requests or requirements that members of the public submit reports, keep records, or provide information to a third party. Section 3506(c)(2)(A) of title 44 generally requires Federal agencies to provide a 60-day notice in the
Federal Register
concerning each proposed collection of information, including each proposed extension of an existing collection of information, before submitting the collection to OMB for approval. To comply with this requirement, the OCC is publishing notice of the revision of this collection.
Title:
Bank Secrecy Act/Money Laundering Risk Assessment.
OMB Control No:
1557-0231.
Type of Review:
Regular.
Affected Public:
Business or other for-profit.
Description:
The MLR System enhances the ability of examiners and bank management to identify and evaluate Bank Secrecy Act/Money Laundering and Office of Foreign Asset Control (OFAC) sanctions risks associated with banks' products, services, customers, and locations. As new products and services are introduced, existing products and services change, and banks expand through mergers and acquisitions, banks' evaluation of money laundering and terrorist financing risks should evolve as well. Consequently, the MLR risk assessment is an important tool for the OCC's Bank Secrecy Act/Anti-Money Laundering and OFAC supervision activities because it allows the agency to better identify those institutions, and areas within institutions, that pose heightened risk and allocate examination resources accordingly. This risk assessment is critical for protecting U.S. financial institutions of all sizes from potential abuse from money laundering and terrorist financing. An appropriate risk assessment allows applicable control to be effectively implemented for the lines of business, products, or entities that would elevate Bank Secrecy Act/Money Laundering and OFAC compliance risks.
The OCC will collect MLR information for community banks and trust banks supervised by the OCC. The OCC's annual Risk Summary Form (RSF) is fully automated making data entry quick and efficient and providing an electronic record for all parties. For 2025, the RSF will include three significant changes to the products, services, and customers (PSCs) collected:
1. The addition of one new PSC: bank-fintech partnerships.
2. The deletion of one existing PSC: payable through accounts.
3. The consolidation of fourteen existing PSCs into the following seven: Payable Upon Proper Identification (PUPID) wire transfers (domestic and international), foreign/international remote deposit capture, prepaid card program managers and providers, reloadable prepaid cards and card programs, non-reloadable prepaid cards and card programs, prepaid card programs—bank sponsored, and prepaid cardholders.
The net reduction of seven PSCs decreases the number of data collection points from 71 to 68 as shown in the table below (*
PSC changes are denoted in
bold
):
Number
Existing PSCs
Number
New PSCs
1
Cash Transactions
1
Convenience Stores.
2
Marijuana Related Businesses
2
Liquor Stores.
3
ATM Operators
3
Independent ATM Owners/Operators.
4
Crypto-Assets Custody
4
Domestic Charitable Organizations.
5
Stablecoin Issuance
5
Jewelry, Gem & Precious Metal Dealers.
6
Stablecoin Payments
6
Casinos.
7
Convenience Stores
7
Car Dealers.
8
Liquor Stores
8
Domestic Private Bankings.
9
Domestic Charitable Organizations
9
Domestic Commercial Letters of Credits.
10
Jewelry, Gem and Precious Metals Dealers
10
Stand-by Letters of Credits.
11
Casinos
11
Marijuana Related Businesses.
12
Car Dealers
12
Customers/Accounts opened through the Internet, Mail, Wire or Phone (non-branch).
13
Domestic Private Banking
13
Domestic Deposit Brokers.
14
Domestic Commercial Letters of Credit
14
Travel Agencies.
15
Stand-by Letters of Credit
15
Broker Dealers.
16
Customers/Accounts opened through the Internet, Mail, Wire or Phone (non-branch)
16
Telemarketers.
17
Domestic Deposit Brokers
17
Remotely Created Check Customers.
18
Travel Agencies
18
Domestic Remote Deposit Capture Customers.
19
Broker Dealers
19
Third Party Senders.
20
Telemarketers
20
Cash Transactions.
21
Remotely Created Check Customers
21
Issuance of Traveler's Checks, Official Bank Checks & Money Orders.
22
Domestic Remote Deposit Capture Customers
22
Domestic Wire Transfers.
23
Third Party Senders
23
PUPID Wire Transfers (Domestic and International)
.
24
Issuance of Traveler's Checks, Official Bank Checks & Money Orders
24
ACHs.
25
Domestic Wire Transfers
25
Remotely Created Checks.
26
Domestic PUPID Wire Transfers
26
Domestic Remote Deposit Captures.
27
ACH
27
Non-Resident Alien Accounts.
28
Remotely Created Checks
28
Politically Exposed Persons.
29
Domestic Remote Deposit Capture
29
Foreign Off-Shore Corporations.
30
Non-Resident Alien Accounts
30
Foreign Deposit Brokers.
31
Politically Exposed Persons
31
Foreign Charitable Organizations.
32
Foreign Off-Shore Corporations
32
Import/Exports.
33
Foreign Deposit Brokers
33
Foreign/International Remote Deposit Capture
.
34
Foreign Charitable Organizations
34
Foreign Correspondent Accounts.
35
Import/Export
35
Pouch Services.
36
Foreign Remote Deposit Capture Customers
36
Foreign Bank Affiliate (
e.g.,
Parallel Banks).
37
Foreign Correspondent Accounts
37
International Departments.
38
Payable Through Accounts
38
International Private Bankings.
39
Pouch Services
39
Embassy & Consulate Bankings.
40
Foreign Bank Affiliate
40
International Commercial Letters of Credits.
41
International Department
41
International Bank Drafts.
42
International Private Banking
42
International Wire Transfers.
43
Embassy & Consulate Banking
43
Remittance Products.
44
International Commercial Letters of Credit
44
Cross-Border ACHs.
45
International Bank Drafts
45
Domestic Casas de Cambio/Currency Exchanges.
46
International Wire Transfers
46
Foreign Casas de Cambio/Currency Exchanges.
47
International PUPID Wire Transfers
47
Money Transmitters.
48
Remittance Products
48
Check Cashers.
49
Cross-Border ACH
49
Issuers or Sellers of Traveler's Checks or Money Orders.
50
International Remote Deposit Capture
50
Prepaid Card Providers and Managers
.
51
Domestic Casas de Cambio/Currency Exchange
51
Sellers of Prepaid Access.
52
Foreign Casas de Cambio/Currency Exchange
52
Bank-Fintech Partnerships
.
53
Money Transmitters
53
Reloadable Prepaid Cards and Card Programs
.
54
Check Cashers
54
Non-Reloadable Prepaid Cards and Card Programs
.
55
Issuers or Sellers of Traveler Checks or Money Orders
55
Prepaid Card Programs—Bank Sponsored (Reloadable and Non-Reloadable)
.
56
Providers of Prepaid Access
56
Prepaid Cardholders (Reloadable and Non-Reloadable)
.
57
Sellers of Prepaid Access
57
Domestic Charitable Trusts & Foundations.
58
Prepaid Cards
58
Foreign Charitable Trusts & Foundations.
59
Prepaid Card Programs—Third Party Sponsored
59
Custodial Accounts.
60
Prepaid Card Programs—Bank Sponsored
60
Investment Advisory Accounts.
61
Prepaid Cardholders
61
Revocable Trusts.
62
Prepaid Card Program Managers
62
Foreign Grantor or Beneficiaries.
63
Domestic Charitable Trusts & Foundations
63
Loans to Closely Held Corporations.
64
Foreign Charitable Trusts & Foundations
64
Brokerage Department/Operations.
65
Custodial Accounts
65
Investment Advisory/Managements.
66
Investment Advisory Accounts
66
Crypto-Assets Custodys.
67
Revocable Trusts
67
Stablecoin Issuances.
68
Foreign Grantor or Beneficiaries
68
Stablecoin Payments.
69
Loans to Closely Held Corporations
70
Brokerage Department/Operations
71
Investment Advisory/Management
The OCC estimates the burden of this collection of information as follows:
Estimated Burden
Community bank population:
Estimated Number of Respondents:
609.
Estimated Number of Responses:
609.
Frequency of Response:
Annually.
Estimated Annual Burden:
3,350 hours.
Comments submitted in response to this notice will be summarized and included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on:
(a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information has practical utility;
(b) The accuracy of the agency's estimate of the burden of the collection of information;
(c) Ways to enhance the quality, utility, and clarity of the information to be collected;
(d) Ways to minimize the burden of the collection on respondents, including through the use of automated collection techniques or other forms of information technology; and
(e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2025-11545 Filed 6-23-25; 8:45 am]
BILLING CODE 4810-33-P
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.