ABSTRACT

Report to Congress in Accordance with §361(b) of the Uniting and Strengthening America by Providing Appropriate Tools Requires to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT ACT)   [open pdf - 35KB]

Section 361(b) of the USA PATRIOT Act has provided the Department of the Treasury with the opportunity to evaluate the current educational and enforcement efforts devoted to compliance with the FBAR reporting provisions, and to evaluate how such efforts may be enhanced. Although the circumstances surrounding foreign financial accounts make it difficult to provide a clear estimate of compliance levels, it is evident that existing compliance programs can be strengthened. Over the next year, FinCEN and IRS will address the five objectives outlined as the first step to improving compliance with the FBAR reporting provisions.

Publisher:
Date:
2002-04-26
Copyright:
Public Domain
Format:
pdf
Media Type:
application/pdf
URL:
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