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Please note that the specific requirement for o-2853 may vary depending on the situation and the entity requesting the form. It is always advisable to carefully read and follow the instructions provided with the form to ensure compliance.
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O-2853 is a form used for reporting foreign bank and financial accounts (FBAR) to the U.S. government.
Any U.S. person who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file o-2853.
O-2853 can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of o-2853 is to combat money laundering, tax evasion, and other financial crimes by providing information about foreign financial accounts.
On o-2853, filers must provide information about the foreign financial accounts they have a financial interest in or signature authority over, including the account number and maximum value during the reporting period.
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