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R B C D o m i n i o n S e c u r i t i e s T h an n k Yo u First name Last name, Designation(s) Title 1 Title 2 Tel.: (514) 9999999 email rbc.com First name Last name, Designation(s) Title 1 Title
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RBDC stands for Report of Foreign Bank and Financial Accounts. It is a form used to report foreign financial accounts exceeding certain thresholds.
US persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file RBDC.
RBDC can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of RBDC is to combat tax evasion by US persons holding foreign financial accounts.
RBDC requires information about the account holder, account number, type of account, and maximum value of the account during the reporting period.
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