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rm o f r stands for Report of Foreign Bank and Financial Accounts.
U.S. persons with financial interest or signature authority over foreign financial accounts are required to file rm o f r.
rm o f r can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of rm o f r is to report foreign financial accounts to the U.S. government.
Information such as the name of the foreign financial institution, account number, and maximum account value during the reporting period must be reported on rm o f r.
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