Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance

Forms and Documents

Document Name	Status
Form 3038-XXXX Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance Form and Instruction	New
2025 Supporting Statement 3038-XXXX.docx Supporting Statement A	2025-12-09

IC Document Collections

IC ID	Document Title	Status
278377	Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance Form and Instruction	New

ICR Details

OMB Control No:	ICR Reference No: 202506-3038-004
Status: Received in OIRA	Previous ICR Reference No:
Agency/Subagency: CFTC	Agency Tracking No:
Title: Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 12/15/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	951	0
Time Burden (Hours)	1,902	0
Cost Burden (Dollars)	0	0

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Abstract: The CFTC intends to gather information by means of a Survey to be completed by CFTC-registered futures commission merchants and introducing brokers regarding compliance with the Bank Secrecy Act and related Anti-Money Laundering requirements. Responses will help the agency to understand the financial impact of these regulations and will be used to shape deregulatory proposals consistent with the Executive Orders of the Trump administration. Responses will not be used for enforcement or market oversight purposes.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 37473	08/05/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 57963	12/15/2025
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance	3038-XXXX	Survey of the Costs of Bank Secrecy Act/Anti-Money Laundering Compliance

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ICR Summary of Burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	951	0	0	951	0	0
Annual Time Burden (Hours)	1,902	0	0	1,902	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This a new collection. The CFTC requests approval to conduct a survey regarding the costs that CFTC-regulated entities incur in complying with the Bank Secrecy Act and related Anti-Money Laundering requirements. The Commission estimates the total annual hours burden associated with this collection will be 1,902 hours.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 12/15/2025

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