The Department of the Treasury is planning to submit several information collection requests to the Office of Management and Budget (OMB) for review. These requests are related to financial crime regulations, such as reporting large cash transactions and anti-money laundering requirements for casinos. The public is encouraged to provide comments on these proposals by March 26, 2021. The document details different areas where the Treasury seeks to extend its data gathering efforts under existing regulations without making changes.
Simple Explanation
The Department of the Treasury wants to make sure that banks and casinos report big cash movements to help stop money crimes. They are asking people to share their thoughts about these rules to see if they can make them better.