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US 20060004721A1 (19) United States (12) Patent Application Publication (10) Pub. No.: US 2006/0004721 A1 (43) Pub. Date: Bedworth et al. (54) SYSTEM, METHOD AND TECHNIQUE FOR Jan. 5, 2006 Publication
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Memory i 104 is a form used to report information about foreign bank accounts.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts.
Memory i 104 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of memory i 104 is to combat money laundering and other financial crimes by tracking foreign bank account activity.
Information such as the name of the financial institution, account number, maximum value of the account during the year, and more.
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