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R e c o mm e n d a t i o n f o r m Name of Applicant last First (Maiden/middle) Program: m Associate of Arts m Bachelor of Business Administration m Bachelor of Health Administration m Bachelor of
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Overall, anyone who wants to access certain services, benefits, or opportunities, whether as an individual or a business, may need to fill out a r e c o form. It is essential to understand and carefully follow the instructions provided and provide accurate and complete information to ensure a smooth processing of the application.
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R e c o stands for Report of Foreign Bank and Financial Accounts.
Any US persons who have a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds must file an r e c o.
R e c o can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of r e c o is to report foreign financial accounts to the US government in order to combat tax evasion and money laundering.
R e c o requires the disclosure of the account holder's information, the highest balance in the account during the year, and the financial institution where the account is held.
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