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SECURITIES AND EXCHANGE COMMISSION FORM 485BPOS Posteffective amendments Rule 485(b) Filing Date: 20050429 SEC Accession No. 000087562605000632 (HTML Version on secdatabase.com) FILER FT 397 CIK:1089237
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The ft 397 form accession is a form used to report information about foreign financial accounts.
US persons who have 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.
FT 397 form accession can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or submitted by mail.
The purpose of ft 397 form accession is to help prevent tax evasion and money laundering by providing the government with information about foreign financial accounts held by US persons.
The form requires the reporting of the account owner's personal information, the name and location of the financial institution holding the account, and the maximum value of the account during the year.
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