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Participant ID: ___Coven 5001Visit Code: ___)RUP6SHFLPHQ&ROOHFWLRQ%ORRG\'R127XVHWKLVIRUPIRUDQORFDOODEVSHFLPHQV8VHWKLVIRUP21/WRGRFXPHQWWKHFROOHFWLRQRI EORRGVSHFLPHQVWKDWZLOOEHVHQWWRWKHVLWHSURFHVVLQJODE
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rup6shflphqamproohfwlrqorrg stands for Reporting of Foreign Bank and Financial Accounts. It is a form required by the US Department of Treasury to report foreign financial accounts.
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US persons including citizens, residents, and entities that have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the year are required to file rup6shflphqamproohfwlrqorrg.
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rup6shflphqamproohfwlrqorrg can be filled out electronically through the Financial Crimes Enforcement Network's FinCEN Form 114. The form requires information about the account, account holder, and financial institution.
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The purpose of rup6shflphqamproohfwlrqorrg is to combat tax evasion and money laundering by providing the US government with information about foreign financial accounts held by US persons.
What information must be reported on rup6shflphqamproohfwlrqorrg?
rup6shflphqamproohfwlrqorrg requires reporting the account number, name and address of the financial institution, account holder information, and highest balance for each account during the reporting period.
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