On Feb. 26, 2010, the Financial Crimes Enforcement Network (“FinCEN”) issued proposed regulations regarding foreign bank account reporting on Form TD F 90-22.1 (the “FBAR”). Employee benefit plans and those
FBAR Rules for Employee Benefit Plans
Employee benefit plans and those with authority over their investment activities may be required, like other investors, to file an FBAR if plan investments involve foreign banks or securities accounts.
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