Foreign Bank and Financial Accounts Reports

E6968
U.S. financial reporting requirement anti–money laundering measure regulatory filing

Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.

Jump to: Surface forms Statements Referenced by

Observed surface forms (6)

Surface form Occurrences
FBAR 2
FinCEN Form 114 2
FBARs 1

Statements (55)

Predicate Object
instanceOf U.S. financial reporting requirement ⓘ
anti–money laundering measure ⓘ
regulatory filing ⓘ
administeredBy United States Department of the Treasury ⓘ
surface form: U.S. Department of the Treasury
alsoKnownAs Foreign Bank and Financial Accounts Reports ⓘ
surface form: FBAR

Foreign Bank and Financial Accounts Reports ⓘ
surface form: FinCEN Form 114
appliesTo U.S. citizens ⓘ
U.S. entities ⓘ
U.S. persons with foreign financial accounts ⓘ
U.S. residents ⓘ
domestic corporations ⓘ
domestic limited liability companies ⓘ
domestic partnerships ⓘ
estates ⓘ
trusts ⓘ
automaticExtensionUntil October 15 ⓘ
country United States of America ⓘ
surface form: United States
covers certain foreign retirement accounts ⓘ
foreign bank accounts ⓘ
foreign brokerage accounts ⓘ
foreign mutual fund accounts ⓘ
foreign securities accounts ⓘ
other foreign financial accounts ⓘ
dataUsedBy U.S. federal agencies ⓘ
surface form: U.S. law enforcement agencies

tax authorities ⓘ
distinctFrom FATCA Form 8938 ⓘ
enforcedBy Financial Crimes Enforcement Network ⓘ
Internal Revenue Service ⓘ
filedVia BSA E-Filing System ⓘ
filingDeadline April 15 following the calendar year reported ⓘ
filingMethod electronic filing ⓘ
legalBasis 31 C.F.R. § 1010.350 ⓘ
31 U.S.C. § 5314 ⓘ
Bank Secrecy Act ⓘ
nonWillfulViolationPenaltyType civil monetary penalty ⓘ
objective to detect and deter offshore tax noncompliance ⓘ
to support investigations of financial crimes ⓘ
purpose to combat money laundering ⓘ
to combat tax evasion ⓘ
to combat terrorist financing ⓘ
to disclose U.S. persons’ financial interests in foreign financial accounts ⓘ
to disclose U.S. persons’ signature or other authority over foreign financial accounts ⓘ
to enhance financial transparency ⓘ
regulatedBy Financial Crimes Enforcement Network ⓘ
surface form: FinCEN

Financial Crimes Enforcement Network ⓘ
relatedTo Internal Revenue Service ⓘ
requiredInformation account number of each foreign account ⓘ
maximum value of each foreign account ⓘ
name and address of foreign financial institution ⓘ
name on each foreign account ⓘ
type of foreign account ⓘ
scope calendar-year reporting ⓘ
thresholdCondition aggregate value of foreign financial accounts exceeds $10,000 at any time during the calendar year ⓘ
violationConsequence potential criminal penalties ⓘ
willfulViolationPenaltyType enhanced civil monetary penalty ⓘ

Referenced by (9)

Full triples — surface form annotated when it differs from this entity's canonical label.

Foreign Bank and Financial Accounts Reports → alsoKnownAs → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: FBAR
Foreign Bank and Financial Accounts Reports → alsoKnownAs → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: FinCEN Form 114
Financial Crimes Enforcement Network → collectsReportType → Foreign Bank and Financial Accounts Reports ⓘ
FATCA Form 8938 → differentFrom → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: FinCEN Form 114
FATCA Form 8938 → relatedTo → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: FBAR
BSA → requiresReport → Foreign Bank and Financial Accounts Reports ⓘ
subject surface form: Bank Secrecy Act
this entity surface form: Foreign Bank and Financial Accounts Report
BSA E-Filing System → supportsFilingOf → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: Report of Foreign Bank and Financial Accounts
BSA E-Filing System → supportsFilingOf → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: FBARs
BSA E-Filing System → supportsFilingOf → Foreign Bank and Financial Accounts Reports ⓘ
this entity surface form: Form 114