Financial Crimes Enforcement Network

1 Financial Crimes Enforcement Network BSA Electronic Filing Requirements For Report of Foreign Bank and Financial Accounts (FinCEN Form 114) Release Date January 2017 ( ) Effective January 2017 for the 2017 or earlier filing requirement. 2 Revision History Version Number Date Reason for Change 09/30/2013 Initial Version 3/14/2014 Conversion Rate Incorrect Link: Updated Page 9, Second Paragraph starting with Step 2, Second Sentence, previous text: Convert foreign currency by using the Treasury's Financial Management Service rate (select Exchange Rates under Reference & Guidance at ) for the last day of the calendar year. New text: Convert foreign currency by using the Treasury's Financial Management Service rate ( ) for the last day of the calendar year. Amendment instructions Clarification: Updated Page 7, Second Paragraph from Bottom of Page, entitled Amended Reports, previous text: Amended reports: An amended report must be filed whenever errors are discovered in a previously-filed FBAR.

See instructions for specific items, Part III, Items 25-33. Consolidated FBAR. If a United States person that is an entity is named in a consolidated FBAR filed by a greater than 50 percent owner, such entity is not required to file a separate FBAR. See Explanations for Specific Items, Part V.

Loading..

Tags:

  Network, Enforcement, Instructions, Financial, Crime, Financial crimes enforcement network

Information

Related search queries