Foreign Bank Account Reporting (FBAR)
In Securities Fraud Case, Prosecutors Allege Novel Money Laundering Scheme to Circumvent FATCA Reporting Obligations
The U.S. Attorney’s Office for the Eastern District of New York has charged four individuals with securities fraud conspiracy for their involvement in fraudulently manipulating the stock of a U.S.
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California District Court Finds Failure to File FBARs was Willful Despite Application for Voluntary Disclosure Program
The Bank Secrecy Act requires U.S. taxpayers to file FBARs with the U.S. Treasury disclosing any interest in, or signature authority over, foreign financial accounts with assets in excess of…
Continue Reading California District Court Finds Failure to File FBARs was Willful Despite Application for Voluntary Disclosure Program
Automatic Six-Month Extension Now Available to All FBAR Filers
Providing much-needed relief to individuals with foreign bank accounts, the Treasury Department announced December 16 that filers of Reports of Foreign Bank and Financial Accounts (commonly known as the “FBAR”…
Continue Reading Automatic Six-Month Extension Now Available to All FBAR Filers