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SPRING BRANCH INDEPENDENT SCHOOL DISTRICT Duncan F. Klansman, Ed. D, Superintendent of SchoolsPURCHASING DEPARTMENT 1031 Witty Road, Bldg. E, Houston, Texas 770556016 Phone (713) 3655223 FAX (713)
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Duncan F is a financial form used to report foreign bank and financial accounts.
Any U.S. person who has 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.
Duncan F can be filled out electronically by using the FinCEN Report 114 form via the BSA E-Filing System.
The purpose of Duncan F is to prevent money laundering and tax evasion by requiring individuals to disclose their foreign financial accounts.
The form requires reporting of the account owner's information, account number, financial institution's details, and maximum value of the account during the reporting period.
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