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Fort La Boss School Division 523 Ninth Avenue South P.O. Box 1420, Video, MB R0M 2C0 Telephone: (204× 7482692 Fax: (204× 7482436 www.flbsd.mb.ca Email: fled.MB.ca Permission for Modified Programming
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FLBSD stands for Foreign Bank and Financial Accounts Report. It is a form used to report foreign financial accounts over a certain threshold.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file FLBSD.
FLBSD can be filled out electronically through FinCEN's BSA E-Filing system or by paper form if necessary. Detailed instructions can be found on the FinCEN website.
The purpose of FLBSD is to combat tax evasion and money laundering by providing the government with information on foreign financial accounts held by U.S. persons.
FLBSD requires information about the account owner, the financial institution where the account is held, and the highest value of the account during the reporting period.
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