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FinCEN Requests Comments on Renewal of OMB Control Numbers Related to the Imposition of Special Measures
The Financial Crimes Enforcement Network (FinCEN) has published in the Federal Register a 60-day notice to renew the Office of Management and Budget (OMB) control numbers assigned to existing Bank Secrecy Act regulations at 31 CFR 1010.653, 1010.659, 1010.660, 1010.661, and 1010.663. FinCEN has issued several final rules imposing the fifth special measure under Section 311 of the USA PATRIOT Act to prohibit covered financial institutions from opening or maintaining a correspondent account for, or on behalf of, specified entities, of which five (the Commercial Bank of Syria, North Korean banking institutions, Bank of Dandong, Iranian financial institutions, and Al-Huda Bank) have associated OMB control numbers set to expire within the current renewal cycle. FinCEN is renewing these OMB control numbers jointly now for the sake of administrative efficiency.
The notice of proposed renewal is required under the Paperwork Reduction Act (PRA) to give the public an opportunity to comment on existing regulatory requirements and burden estimates. FinCEN is also seeking public comments on an updated methodology designed to improve the accuracy of cost and time estimates under the PRA. FinCEN encourages the public to review this notice and provide comments on or before February 9, 2026.
Federal Register Notice: https://www.federalregister.gov/public-inspection/2025-22425/agency-information-collection-activities-proposals-submissions-and-approvals-information-collection
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