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AL AN CED C IT Y A B D U S T R IA M E R C IA L IN CULTURAL ARTS COMMISSION R O L M TERRAN CE E SI D E N T IA L C Cultural Arts Commission The Cultural Arts Commission is an advisory body to the City
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What is r c ia l?
RCIAL stands for Report of Foreign Bank and Financial Accounts.
Who is required to file r c ia l?
Any United States person who has a financial interest in or signature authority over foreign financial accounts.
How to fill out r c ia l?
You can fill out the RCIAL form online through the Financial Crimes Enforcement Network (FinCEN) website.
What is the purpose of r c ia l?
The purpose of RCIAL is to prevent money laundering and tax evasion by US persons using offshore bank accounts.
What information must be reported on r c ia l?
You must report the name of the financial institution, the type of account, the account number, and the maximum value of the account during the reporting period.
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