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Troy Botteon is a financial reporting form used for reporting foreign bank and financial accounts (FBAR) to the U.S. Department of the Treasury.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file Troy Botteon.
Troy Botteon can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website using the BSA E-Filing system.
The purpose of Troy Botteon is to combat money laundering and other financial crimes by giving the U.S. government information about foreign financial accounts held by U.S. persons.
Troy Botteon requires reporting information about the account holder, the account itself, and any financial institution where the account is held.
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