📊CFTC Proposed Collection on Bank Secrecy Act Compliance Costs
Agency Information Collection Activities: Proposed Collection, Comment Request
Summary
The Commodity Futures Trading Commission (CFTC) is announcing an opportunity for public comment on the proposed collection of certain information by the agency. Under the Paperwork Reduction Act ("PRA"), Federal agencies are required to publish notice in the Federal Register concerning each proposed collection of information, including proposed extension of an existing collection of information, and to allow 60 days for public comment. The CFTC is requesting public comment on a proposed information collection concerning "Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance" (Survey).
Agencies
- Commodity Futures Trading Commission
Business Impact
$$ - Med
The document outlines a proposed information collection regarding the costs related to compliance with the Bank Secrecy Act/Anti-Money Laundering regulations. This has direct implications for businesses, particularly those in the financial sector, as it may affect their operational costs and regulatory compliance strategies.