📊Comment Request on International Capital and Currency Transaction Reporting
Proposed Collection; Comment Request
Summary
The Department of the Treasury, as part of its continuing effort to reduce paperwork burdens, invites the general public and other Federal agencies to comment on an information collection that is due for renewed approval by the Office of Management and Budget. The Office of International Affairs within the Department of the Treasury is soliciting comments concerning recordkeeping requirements associated with Reporting of International Capital and Foreign Currency Transactions and Positions.
Agencies
- Treasury Department
Business Impact
$$ - Med
The notice outlines compliance requirements for businesses involved in international capital and foreign currency transactions. Specifically, it details reporting requirements outlined in 31 CFR part 128, impacting businesses required to maintain records and submit data. The call for public comments allows businesses to influence future regulatory decisions.