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New Era Y O U T H M A G A Z I N E O F T H E C H U R C H O F J E S U S C H R I S T O F L A T T E R D A S A I N TS JULY 2016THE3s to way THE OF Mp. 30SCIENCE and Truth. 26KNO W ELDER MEN GETTOLUNDp.
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What is way t?
Way t is a form used to report information about foreign bank accounts.
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U.S. persons including individuals, corporations, partnerships, trusts, and estates with financial interest in or signature authority over foreign financial accounts.
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Way t can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
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The purpose of way t is to combat money laundering and tax evasion by providing the government with information on foreign financial accounts.
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Information such as the account number, name of account holder, financial institution's name and address, and maximum account value during the reporting period.
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