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Published under s. 35.93, Wis. Stats., by the Legislative Reference Bureau. 229DEPARTMENT OF TRANSPORTATIONTrans 157.05Chapter Trans 157 TITLING OF VEHICLES HELD BY TRUSTS Trans 157.01 Trans 157.02 Trans
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Trans 157 is a form used to report transactions related to certain foreign financial accounts.
Individuals and entities with foreign financial accounts meeting certain requirements are required to file trans 157.
Trans 157 can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of trans 157 is to combat money laundering, tax evasion, and other financial crimes by tracking foreign financial account transactions.
Trans 157 requires reporting of basic information about the account holder, the account itself, and any transactions made.
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