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T H E H O M E TO W N N E W S PA P E R F O R M E N LO PA R K, AT H E RTO N, P O RTO L A VA L E Y A N D W O O D S I D EF E B R U A R Y 1 7, 2 0 1 6 VO L. 5 1 N O. 2 4W W. T H E A L M A N AC O N L I
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FEBR stands for Foreign Bank and Financial Accounts Report.
Any United States person who has a financial interest in or signature authority over foreign financial accounts must file an FEBR.
The FEBR form can be filled out electronically using the Financial Crimes Enforcement Network's BSA E-Filing system.
The purpose of FEBR is to report foreign financial accounts and comply with the Bank Secrecy Act.
Information such as the name of the financial institution, the type of account, and the maximum value of the account during the reporting period must be reported on the FEBR.
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