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PLANNING AND PRESERVATION COMMISSION REGULAR MEETING NOTICE AND AGENDA FEBRUARY7, 2017 6:30 P.M.COUNCIL CHAMBERS 117 McNeil STREET SAN FERNANDO, CA 91340 CALL TO ORDER OATH OF OFFICE Administration
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RMNA stands for Report of Foreign Bank and Financial Accounts. It is a disclosure form required by the US Department of Treasury to report foreign bank and financial accounts held by US persons.
Any US person who has 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 is required to file the RMNA form.
The RMNA form can be filled out electronically using the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System.
The purpose of the RMNA form is to report foreign bank and financial accounts to help prevent money laundering, tax evasion, and other financial crimes.
The RMNA form requires information such as the name of the financial institution where the account is held, the account number, the maximum value of the account during the reporting period, and the account's location.
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