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One! All are well 1971SaintLawrenceDrive,Santa Clara,CA95051 Tel.408.296.3000Fax408.296.3100 www.saintlawrence.org in TH Come and join Celebrating our Catholic Faith through Worship, Education, e
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A l a r stands for Report of Foreign Bank and Financial Accounts (FBAR).
Any United States 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 a l a r.
A l a r can be filed electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of a l a r is to report foreign financial accounts to the government in order to combat tax evasion and money laundering.
The l a r requires information such as the name on the account, account number, name and address of the foreign financial institution, and the maximum value of the account during the reporting period.
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