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. F O R M OF P R O P O S A Fayetteville State UniversityContract:Fayetteville State UniversityBidder:(SCOLD #.)151242501ADate:The undersigned, as bidder, hereby declares that the only person or persons
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Form OFP is the Overseas Financial Account System form used to report offshore financial accounts.
U.S. persons with financial interest in or signature authority over foreign financial accounts exceeding certain thresholds are required to file Form OFP.
Form OFP can be filled out electronically through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of Form OFP is to report foreign financial accounts to the U.S. government to help prevent tax evasion and money laundering.
Form OFP requires reporting of the account holder's information, details of the foreign financial account, and any income generated from it.
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