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Instructions for how to fill out the Arab Auto Auction Motorcycle Auction Entry Form (Digital Format Use) As of March 2013 Note: Please fill in the form in Japanese language only. Other languages,
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ARAIAA stands for Annual Report of Foreign Bank and Financial Accounts. It is a report designed to collect information regarding foreign bank accounts and financial assets held by US persons.
US persons, including citizens and resident aliens, who have a financial interest in or signature authority over foreign financial accounts with an aggregate value exceeding $10,000 at any time during the calendar year, are required to file ARAIAA.
ARAIAA can be filled out electronically through the Financial Crimes Enforcement Network's (FinCEN) BSA E-Filing System. Detailed instructions can be found on the FinCEN website.
The purpose of ARAIAA is to prevent tax evasion and money laundering by providing the US government with information about foreign financial accounts held by US persons.
ARAIAA requires reporting of the account owner's personal information, the financial institution where the account is held, and details about the account balance and activity.
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