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GOVERNMENT OF PAKISTANMINISTRY OF RAILWAYS RAILWAY ESTATE DEVELOPMENT & MARKETING COMPANY (Pvt) LTD (REDACT)PREQUALIFICATION OF CONSULTANTS PLANNING, FEASIBILITY STUDY & TRANSACTION ADVISORY SERVICES
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Redamco stands for Report of Foreign Bank and Financial Accounts, it is a form required by the US Department of the Treasury to report foreign financial accounts.
Any US person who has a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year is required to file redamco.
Redamco can be filed online through the Financial Crimes Enforcement Network (FinCEN) website by completing the required fields and submitting the form electronically.
The purpose of redamco is to combat money laundering, tax evasion, and other financial crimes by providing the US government with information about foreign financial accounts held by US persons.
Redamco requires the reporting of the account holder's identifying information, the account number, the name and address of the financial institution where the account is held, and the maximum value of the account during the reporting period.
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