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BOARD OF TRUSTEES
McHenry County COLLEGE DISTRICT #528
Thursday, February 23, 2017,
Regular Board Meeting
6:30 p.m. Board Room
8900 U.S. Highway 14
Crystal Lake, IL 60012
AGENDA1. CALL TO ORDER
2.
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What is 8900 u?
8900 u is a form used to report information related to certain financial accounts maintained by foreign financial institutions.
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U.S. persons who have a financial interest in or signature authority over foreign financial accounts are required to file Form 8900 u.
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Form 8900 u can be filled out electronically and submitted to the Financial Crimes Enforcement Network (FINCEN) through the BSA E-Filing system.
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The purpose of Form 8900 u is to combat money laundering, terrorism financing, and other financial crimes by providing the U.S. government with information about foreign financial accounts held by U.S. persons.
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Form 8900 u requires reporting of the account holder's identifying information, details about the foreign financial institution, and information regarding the account balance and activity.
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