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Presented By N g NG in IC Ind Pr FM ed NT UC rad G l Re IA EC Sp Lead Safe Renovator Training EW Fernando Avaya Multicultural Workforce Specialist Master Builders of Iowa Fernando is a labor economist
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Fu ed stands for Foreign Bank and Financial Accounts Report.
Any U.S. person holding foreign financial accounts with an aggregate value exceeding $10,000 at any time during the reporting year is required to file a fu ed.
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The purpose of fu ed is to report foreign financial accounts and ensure compliance with the Bank Secrecy Act.
Fu ed requires information about the account holder, account number, name and address of the foreign financial institution, and the highest account value during the reporting year.
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