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FTDRAAPPENDIX0148|R E C R E AT U R|P L A Y. G R E E N. D E C A T U R. A.1Benchmarking Unlike other disciplines of city planning such as transportation or stormwater management, parks and recreation

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What is r e c r?

RECR stands for Report of Foreign Bank and Financial Accounts, which is a form required by the U.S. Department of Treasury to report a financial interest in or signature authority over a foreign financial account.

Who is required to file r e c r?

U.S. persons including citizens, residents, and entities must file a RECR if they have a financial interest in or signature authority over one or more foreign financial accounts.

How to fill out r e c r?

RECR can be filed electronically through the Financial Crimes Enforcement Network's BSA E-Filing System. The form requires information about the account, the filer, and information related to the financial institution holding the account.

What is the purpose of r e c r?

The purpose of RECR is to collect information about foreign financial accounts held by U.S. persons to help combat tax evasion and other financial crimes.

What information must be reported on r e c r?

RECR requires information such as the account number, name and address of the financial institution, maximum value of the account during the reporting period, and details about the account holder.

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