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Continuing Legal Education BASF T H E B A R A S S O C I AT I O N O F S A N F R A N C I S C O The Law Governing Lawyers 20162017 The Year in Review Speaker Mark L. Tuft Partner Cooper, White & Cooper
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Tuft - Content SFBAR stands for Statement of Foreign Financial Assets, Banking, and Accounts Reporting. It is a form that must be filed by US persons who have a financial interest in or signature authority over foreign financial accounts.
US persons including citizens, residents, and certain domestic entities are required to file tuft - content sfbar if they meet the reporting threshold.
Tuft - Content SFBAR can be filled out electronically through the FinCEN BSA E-Filing System. Detailed instructions are provided on the form itself.
The purpose of tuft - content sfbar is to report foreign financial accounts as part of the US government's efforts to combat money laundering and tax evasion.
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