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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 2 4, 2 0 1 6 VO L. 5 1 N O. 2 5W 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 U.S. person who has a financial interest in or signature authority over foreign financial accounts must file FEBR.
FEBR can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website by providing information about the foreign financial accounts.
The purpose of FEBR is to report foreign financial accounts to the U.S. government to help prevent money laundering and tax evasion.
FEBR requires reporting the maximum value of each foreign financial account during the reporting period, the country where the account is located, and other identifying information.
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