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Department of State 62.14 promptly in writing of the following circumstances: (1) Change of its address, telephone, or facsimile number; (2) Change in the composition of the sponsoring organization
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The Department of State 62 is a form used to report information on certain foreign financial accounts.
United States persons with a financial interest in or signature authority over foreign financial accounts exceeding certain thresholds.
The form requires personal information, details about the foreign financial accounts, and information about the financial institution where the account is held.
The purpose of Department of State 62 is to prevent tax evasion and money laundering by ensuring that individuals report their foreign financial accounts.
Information such as the account number, name of the financial institution, maximum value of the account during the year, and more.
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