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Final Treasury regulations on foreign bank account reporting

  • Hogan Lovells
  • -
  • USA
  • -
  • March 11 2011

On February 24, 2011, the Financial Crimes Enforcement Network of the Department of the Treasury (FinCEN) issued widely anticipated final regulations regarding the reporting of foreign financial accounts on Form TD-F 90-22.1, Report of Foreign Bank and Financial Accounts (commonly referred to as "FBAR"