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Authorization Agreement For Automated Clearing House Transactions (ACH Credits) ACH Authorization Company Name: I (we) hereby authorize the Toledo Regional Chamber of Commerce, hereinafter called
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RECR stands for Report of Foreign Bank and Financial Accounts, which must be filed with the US Treasury Department if a US person has a financial interest or signature authority over foreign financial accounts.
Any US person who has a financial interest or signature authority over foreign financial accounts exceeding certain thresholds is required to file an RECR.
To fill out an RECR, the filer must provide information about the foreign financial accounts including the account number, name and address of the financial institution, and the maximum value of the account during the reporting period.
The purpose of an RECR is to report foreign financial accounts held by US persons to prevent tax evasion and money laundering.
Information such as the account number, name and address of the financial institution, and the maximum value of the account during the reporting period must be reported on an RECR.
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