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Mynglic is a form used to report certain information about foreign financial accounts.
U.S. persons with foreign financial accounts that meet certain thresholds are required to file mynglic.
Mynglic can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of mynglic is to combat tax evasion and money laundering by providing the U.S. government with information about foreign financial accounts held by U.S. persons.
Information such as the account owner's name, account number, financial institution, and highest value of the account during the reporting period must be reported on mynglic.
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