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U Transfer to the Following Program (a New Application Form is Required): ... 2017 – 18 American Language Center Cancellation, Refund, and Transfer Request ...
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18 american language refers to the Form 18 which is used to report information about certain foreign bank accounts.
US persons who have a financial interest in or signature authority over foreign financial accounts are required to file Form 18.
Form 18 can be filled out electronically on the FinCEN website or manually and then mailed to the appropriate address.
The purpose of Form 18 is to report foreign financial accounts to the US government to prevent tax evasion.
Form 18 requires information about the account holder, the account itself, and any income generated from the account.
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