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Constitution and Bylaws First Baptist Church Double Springs, AL August 2013 0 Bylaws and CONSTITUTION, EMPLOYEES HANDBOOK First Baptist Church Double Springs, AL TABLE OF CONTENTS Constitution ........................................................................................................................5
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FBDCS stands for Foreign Bank and Financial Accounts Report.
Any United States person who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file FBDCS.
FBDCS can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by submitting a paper form.
The purpose of FBDCS is to combat money laundering, tax evasion, and other financial crimes by requiring individuals to report their foreign financial accounts.
FBDCS requires reporting of the maximum value of the foreign financial accounts during the calendar year, the name of the financial institution where the account is held, and other identifying information.
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