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Implemented 11/2007Revised July/2009 F A C I L I T Y R E N T A L P O L I CY The City of Memphis Park ServicesRecreation makes its public spaces at community centers, senior centers, aquatic facilities
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F A C I stands for Foreign Account Compliance Act.
U.S. citizens, residents, and certain non-resident aliens are required to file F A C I if they have a financial interest in or signature authority over foreign financial accounts.
F A C I can be filled out electronically through the Financial Crimes Enforcement Network's BSA E-Filing System.
The purpose of F A C I is to detect and deter tax evasion by individuals who have foreign financial accounts.
F A C I requires individuals to report the highest balance of each foreign financial account during the calendar year.
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