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St The Green House, 1 Floor, 4 6 Colgate, Peterborough, PE1 1NA T: 01733 568408 F: 01733 553716 E: info pet.org.UK www.pect.org.uk Application Form We're really pleased that you'd like to come and
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PECT to EA stands for Report of Foreign Bank and Financial Accounts (FBAR), a form required by the US Department of Treasury to report foreign financial accounts.
Any US person who has 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 PECT to EA.
The PECT to EA form can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of PECT to EA is to combat money laundering, tax evasion, and other financial crimes by requiring individuals to report their foreign financial accounts.
On PECT to EA, individuals must report the maximum value of each foreign financial account during the calendar year, as well as provide information about the account holder and the financial institution.
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