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U N I V E R S I T Y OF A R K ANS AS AT P I NE B L U F F
R E EU E S T F O R P R OP OS AL R E V I E W
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What is r e m u?
REM U stands for Report of Foreign Bank and Financial Accounts, which is a form required to be filed by certain individuals who have a financial interest in or signature authority over foreign financial accounts.
Who is required to file r e m u?
U.S. citizens, residents, and certain non-residents must file the Report of Foreign Bank and Financial Accounts if they meet the requirements set by the IRS.
How to fill out r e m u?
REM U can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website. Detailed instructions are provided on the form itself.
What is the purpose of r e m u?
The purpose of REM U is to prevent tax evasion and money laundering by individuals holding foreign financial accounts.
What information must be reported on r e m u?
The form requires information about the account holder, the financial institution, and details about the foreign financial account being reported.
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