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INTENTION FORM FOR EXERCISE RIGHT TO PURCHASE COMMON SHARES OF NEWS NETWORK CORPORATION PUBLIC COMPANY LIMITED (NEWSW2)
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What is r o o r?
ROOR stands for Report of Foreign Bank and Financial Accounts, it is a form required by the US government to report foreign financial accounts.
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US persons including individuals, corporations, partnerships, trusts, and estates with foreign financial accounts that exceed certain thresholds.
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ROOR can be filed electronically through the Financial Crimes Enforcement Network's BSA E-Filing system.
What is the purpose of r o o r?
The purpose of ROOR is to combat money laundering and tax evasion by providing the government with information about foreign financial accounts.
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Information such as the account number, name on the account, type of account, and maximum value of the account during the year.
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