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Internet banking Standard Bank Center 5 Simmonds Street, Johannesburg, 2001 P.O. Box 7725, Johannesburg, 2000 Telephone: 0860 123 000 International: +27 11 299 4701 Fax: +27 11 631 8550 Website: www.standardbank.co.za Dear
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Standard bank centre is a form used by financial institutions to report foreign bank and financial accounts.
US persons with foreign financial accounts exceeding certain thresholds are required to file standard bank centre.
Standard bank centre can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of standard bank centre is to help prevent money laundering and tax evasion by providing transparency on foreign financial accounts.
Information such as account numbers, locations, balances, and other details of foreign financial accounts must be reported on standard bank centre.
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