by Brian Weeks | Jan 24, 2025 | Replays, Webinars
Report of Foreign Bank and Financial Accounts (FBAR), from a corporate perspective, has two main filing requirements: corporate and individual. Employees with signing authority have a requirement to file, as does the organization. This session will move through the following: the purpose of FBAR; what entities and accounts are reportable; which individuals must file (even if they have no financial interest in the accounts); the filing process and methodologies; and fines and enforcement. Attendees will also understand all the hard deadlines and be provided with a working calendar of when certain activities should be started and completed to ensure success. By the end of this session, attendees will have a firm grasp of reporting obligations and the steps necessary to comply with the Financial Crimes Enforcement Network (FinCEN) regulations.
by Elizabeth Jeffery | Aug 13, 2024 | White Papers
Bank Account Management Foundations Download the White paper Bank Account Management Foundations Intentional bank account management (BAM) can improve an organization’s costs, security, compliance, and efficiency. Understanding what is required for excellent...
by Brian Weeks | Mar 11, 2024 | Podcast
In today’s episode of the Treasury Update Podcast, Lee Patton and Craig Jeffery discuss various strategies for managing FBAR compliance. They explore the process, challenges, and solutions, from understanding the background and significance of FBAR to exploring options for managing the process.
by Brian Weeks | Mar 8, 2024 | Replays, Webinars
The Report of Foreign Bank and Financial Accounts (FBAR) is now a well-established compliance reporting requirement for many corporations and their signers. For most, compliance activities are a headache of sorts. They require care and focus but can feel like a distraction. For some companies, treasury handles all or some of the process, while tax takes the lead for others. Surprisingly, there are still far too many misconceptions about what is required.
This session will explore the key requirements of FBAR and the core elements of the process that must be completed. When would a company manage the entire process internally? When does it make sense to get assistance? Knowing what a proper process looks like in the context of the annual calendar can provide helpful structure for those who don’t find compliance to be their burning passion at work. This webinar is aimed at helping you eliminate the worry of FBAR.
by Elizabeth Jeffery | Jan 5, 2024 | White Papers
Compliance Fundamentals: FBAR Filing and Treasury Download the White paper FBAR Filing and Treasury In recent years, the US government has markedly intensified its enforcement of FBAR reporting. The primary responsibilities for FBAR filing typically reside with the...
