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FinCEN Proposes Revising FBAR Rules for Certain Financial Professionals
Wednesday, March 2, 2016 6:35 AM

The Financial Crimes Enforcement Network (FinCEN) on Tuesday issued a Notice of Proposed Rulemaking (NPRM) intended to revise and clarify certain provisions in the rules regarding the filing of Reports of Foreign Bank and Financial Accounts (FBAR). The revisions would mainly apply to financial professionals who file FBARs due to their employment responsibilities.

View the news release:  https://www.fincen.gov/whatsnew/pdf/20160301.pdf

View the Notice of Proposed Rulemaking: https://www.fincen.gov/statutes_regs/frn/pdf/FBAR_NPRM030116.pdf