Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Washington
FinCEN Offers FBAR E-filing Technical Overview
VIENNA, Va. (9/11/13)--The Financial Crimes Enforcement Network (FinCEN) is offering a webinar on Thursday Sept. 19 to discuss technical specifications related to the electronic filing of the Report of Foreign Bank and Financial Accounts (FBAR).

FBAR forms are filed annually and are used to report a financial interest in, or signature or other authority over, bank accounts, securities, or other types of financial accounts in foreign countries. FBARs must be filed for accounts that hold over $10,000 in funds at any time during the year.

FinCEN launched a computer-based e-filing system for FBARs in July 2011 to provide a quicker, cheaper, more secure, and more reliable way for individuals to file the reports. Last year,  a high volume of FBAR e-filing created user issues with the e-filing system and e-filing telephone help desk, with both experiencing extremely high volume that resulted in some intermittent delays in submissions.

The 3 p.m. (ET) webinar Sept. 19 will provide participants with an overview of recent FBAR e-filing technical enhancements and other features of the electronic FBAR.  Also, FinCEN representatives will be available to answer technical questions about e-filing and batch filing after the presentation.

This webinar primarily is intended for software development professionals and third party service providers, such as attorneys or accountants.
Other Resources

FinCEN Webinar Information
RSS print
News Now LiveWire
Ala. veterans can get job advice at Friday's career fair hosted by @RedstoneFCU http://t.co/9tf0tEcW4N
1 hours ago
See how one St. Louis-based #creditunion is helping members access transportation; get to work #tomorrow #NewsNow #CUNA
2 hours ago
Matz says no to @CUNA, NAFCU request for 90-day comment period extension on risk-based capital plan. Deadline stays at May 28.
3 hours ago
Sen. Banking Com. schedules April 29 vote on McWatters' @TheNCUA nomination--same day as panel vote on Johnson-Crapo housing finance reform.
3 hours ago
3 Wash. state CUs members were rewarded with $5K checks--the biggest winners yet in the state's prized-linked savings program, #SaveToWin
3 hours ago