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MINUTES Regular Council March 20, 2017, Council Chambers 7:00 COUNCIL PRESENT:Bob Forcible Brad Tubes Dennis Albrecht John Grimm Mick McGuireCOUNCIL LATE: COUNCIL ABSENT: STAFF PRESENT:Heather Select Chris
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Bob Forcelle is a form required to be filed by individuals who have foreign financial accounts.
Any individual who has a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds is required to file Bob Forcelle.
Bob Forcelle can be filled out online through the Financial Crimes Enforcement Network's (FinCEN) website.
The purpose of Bob Forcelle is to report foreign financial accounts to prevent tax evasion and money laundering.
Bob Forcelle requires the reporting of the account owner's name, address, account number, type of account, and maximum value of the account during the reporting period.
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