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VENDOR CONTRACT Between B I 2. FI M pp I j e. S and (List Vendor or Company Name) THE INTERLOCK PURCHASING SYSTEM (TIPS/TAPS) For CLASSROOM AND TEACHING AIDS The following pages will constitute the
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What is bi2?
bi2 is a form used to report information related to foreign bank accounts.
Who is required to file bi2?
U.S. citizens, residents, and entities with financial interest in or signature authority over foreign financial accounts are required to file bi2.
How to fill out bi2?
bi2 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of bi2?
The purpose of bi2 is to track and deter money laundering, tax evasion, and other financial crimes.
What information must be reported on bi2?
Information such as the account number, name and address of the foreign financial institution, and the maximum value of the account during the reporting period must be reported on bi2.
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