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FBAR update for employee benefit plans: FinCEN publishes final rule addressing reports of foreign financial accounts

  • Day Pitney LLP
  • -
  • USA
  • -
  • March 21 2011

The Department of the Treasury's Financial Crimes Enforcement Network ("FinCEN") recently released final regulations (the "Final Regulations") under the Bank Secrecy Act concerning the Report of Foreign Bank and Financial Accounts (or "FBAR") that is required to be filed with the Treasury by June 30 of each year