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FORMAL QUOTATIONS Total Value of Items / Services less than R 30 000.00 Quote Number:RFQ052/2023Placement Date: 08/09/2022To be completed by Closing Date and Time of Quotation (12h00):Delivery Date
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FB BAARD stands for Foreign Bank and Financial Accounts Report.
Any individual or entity 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 is required to file FB BAARD.
FB BAARD can be filled out online through the Financial Crimes Enforcement Network (FinCEN) website.
The purpose of FB BAARD is to combat money laundering and other financial crimes by identifying individuals who may be using foreign accounts to evade taxes.
FB BAARD requires reporting of the maximum value of the foreign accounts during the year, the country where each account is located, and the account number.
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