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114 AnnualHometown Advantage2019 SUM Convention Sponsorship Opportunities February 36, 2019, TCU Place, Saskatoon, Convention 2018 The Saskatchewan Urban Municipalities Association is the voice of

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What is 114 annual?

The 114 annual is a report filed by US persons who have a financial interest in or signature authority over foreign financial accounts.

Who is required to file 114 annual?

Any US person, including individuals, corporations, partnerships, and trusts, who meet certain criteria, is required to file 114 annual if they have a financial interest in or signature authority over foreign financial accounts.

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The 114 annual report, also known as the FBAR (Report of Foreign Bank and Financial Accounts), can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.

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The purpose of 114 annual is to combat money laundering and other financial crimes by providing the US government with information about foreign financial accounts held by US persons.

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The 114 annual report requires information about the foreign financial accounts, including the name of the financial institution, account number, maximum value during the year, and the account owner's information.

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