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R E EU E S T F O R P RO P O SAL PRACTICE MANAGEMENT / EMR SYSTEM RFP AA15GD5000 S UP MI T TED B Y TH E UN I VERY S IT Y OF M A S S A CH U SE TT S A MH ER S T, PRO CU RE ME NT DE PA RTM EN T SP ON
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R e qu e stands for Report of Foreign Bank and Financial Accounts.
U.S. persons with a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
R e qu e can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of r e qu e is to combat money laundering, tax evasion, and other financial crimes by ensuring that U.S. persons report their foreign financial accounts.
Information such as the account number, name on the account, name and address of the foreign financial institution, and the maximum value of the account during the year.
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