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International Right of Way Association
R/WAC
Right of Way Appraisal Certification
Cross Certification Program Application Professional Standard of ExcellenceRevised: 02/2014Page 1 of 10R/WAC Appraisal
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What is rw-ac?
rw-ac stands for Report of Foreign Bank and Financial Accounts. It is a form required by the US Department of Treasury to report foreign financial accounts.
Who is required to file rw-ac?
US persons including citizens, residents, and entities must file rw-ac if they have a financial interest in or signature authority over foreign financial accounts.
How to fill out rw-ac?
rw-ac can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website or by mailing a paper form to the address provided on the form.
What is the purpose of rw-ac?
The purpose of rw-ac is to combat money laundering and terrorism financing by tracking foreign financial accounts held by US persons.
What information must be reported on rw-ac?
Information such as the account number, name of the financial institution, maximum account value during the reporting period, and the account type must be reported on rw-ac.
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