2024-16546. Anti-Money Laundering and Countering the Financing of Terrorism Program Requirements

OCC Summary of Estimated Annual Burden

[OMB No. 1557-0180]

Information collection (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Average time per response (hours)	Total estimated annual burden (hours)
1. Establish AML/CFT Program. (Implementation)12 CFR 21.8(b) and (c) (Mandatory)	Recordkeeping (One Time)	1,044	.3	32	11,136
2. Maintain AML/CFT Program. (Ongoing)12 CFR 21.8(b) and (c) (Mandatory)	Recordkeeping (Annual)	1,044	1	8	8,352
Total Estimated Annual Burden (Hours):					19,488

Board Summary of Estimated Annual Burden

[OMB No. 7100-0310]

Information collection (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Average time per response (hours)	Total estimated annual burden (hours)
1. Establish AML/CFT Program. (Implementation)12 CFR 208.8(b) and (c) (Mandatory)	Recordkeeping (One Time)	878	.3	32	9365
2. Maintain AML/CFT Program. (Ongoing)12 CFR 208.8(b) and (c) (Mandatory)	Recordkeeping (Annual)	878	1	8	7,024
Total Estimated Annual Burden (Hours):					16,389

NCUA Summary of Estimated Annual Burden

[OMB No. 3133-0108]

Information collection (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Average time per response (hours)	Total estimated annual burden (hours)
1. Establish AML/CFT Program. (Implementation)12 CFR 748.2(b) and (c) (Mandatory)	Recordkeeping (One Time)	4,604	.3	32	49,120
2. Maintain AML/CFT Program. (Ongoing)12 CFR 748.2(b) and (c) (Mandatory)	Recordkeeping (Annual)	4,604	1	8	36,832
Total Estimated Annual Burden (Hours):					85,952

FDIC Summary of Estimated Annual Burden

[OMB No. 3064-0087]

Information collection (obligation to respond)	Type of burden (frequency of response)	Number of respondents	Number of responses per respondent	Average time per response (hours)	Total estimated annual burden (hours)
1. Establish AML/CFT Program. (Implementation)12 CFR 326.8(b) and (c) (Mandatory)	Recordkeeping (One Time)	2,936	.3	32	31,317
2. Maintain AML/CFT Program. (Ongoing)12 CFR 326.8(b) and (c) (Mandatory)	Recordkeeping (Annual)	2,936	1	8	23,488
Total Estimated Annual Burden (Hours):					54,805