On August 8, 2016, the OCC released a second notice soliciting comments on the expansion of the Bank Secrecy Act/AntiMoney Laundering Risk Assessment System to all OCC-supervised institutions. As noted in the original OCC proposal, published on January 4, 2016, the current information collection system applies only to community banks. Pursuant to the notice, the OCC continues to seek comments on, among other items, the accuracy of the OCC’s estimate of the burden of the collection of information, and ways to enhance the quality and utility of the information to be collected, and ways to minimize the burden of the collection on respondents, including through the use of automated collection technologies. Comments on the MLR System were due by September 7, 2016.
The text of the OCC notice is available at: https://www.gpo.gov/fdsys/pkg/FR-2016-08-08/pdf/2016-18740.pdf.