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RAMSEY PUBLIC SCHOOLS www.ramsey.k12.nj.us GRADES 1 3 REGISTRATION Mary A. Hubbard School 10 Hubbard Lane Ramsey, NJ 07446 2017852301 2017852311 (fax)GENERAL INFORMATION Wesley D. Tisdale School 200
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What is r a m se?
RAMSE stands for Report of Foreign Bank and Financial Accounts. It is a form required by the U.S. Department of Treasury.
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Any U.S. person who has a financial interest in or signature authority over foreign financial accounts totaling more than $10,000 at any time during the calendar year.
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The form can be filled out electronically through the FinCEN's BSA E-Filing System.
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The purpose of RAMSE is to report foreign financial accounts to prevent tax evasion and money laundering.
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The form requires information such as the name on the account, account number, name and address of the foreign financial institution, and maximum value of the account.
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