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What is ro c k a?
ROCA stands for Report of Foreign Bank and Financial Accounts. It is a form required by the US Department of Treasury for US persons with financial interest in or signature authority over foreign financial accounts.
Who is required to file ro c k a?
US persons who have 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.
How to fill out ro c k a?
ROCA can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
What is the purpose of ro c k a?
The purpose of ROCA is to collect information to combat money laundering, tax evasion, and other financial crimes.
What information must be reported on ro c k a?
ROCA requires the disclosure of the account's location, account number, maximum value during the year, and the type of account.
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