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TEACHERS COLLEGE Columbia University 525 W est 120 t h O F F I C E O F T E AC H E R E D U C AT I O N Street, Bank el Hall 41 1 (Box 97), Ne w York, NY 10027 Tel#: 212 6 7 835 02 EM AIL: one t c.edu
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O F F I stands for Report of Foreign Bank and Financial Accounts. It is used to report foreign financial accounts.
Any US person with 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 O F F I.
O F F I can be filled out electronically using the FinCEN's BSA E-Filing System.
The purpose of O F F I is to combat tax evasion and money laundering.
Information such as the name of the financial institution where the account is held, the account number, and the maximum value of the account during the reporting period.
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