A report to Congress in accordance with [symbol for section]361(b) of the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (USA PATRIOT Act) /

Section 361(b) of the USA PATRIOT Act directs the Secretary of the Treasury to study methods for improving compliance with the reporting requirements of the Bank Secrecy Act. Section 5314 of the BSA authorizes the Secretary to require records and/or reports concerning transactions with foreign finan...

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Bibliographic Details
Corporate Author:	United States. Department of the Treasury
Format:	Government Document eBook
Language:	English
Published:	[Washington, D.C.] : [U.S. Dept. of the Treasury], [2002]
Subjects:	United States. > Bank Secrecy Act. United States. > Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act of 2001. Banks and banking > Records and correspondence > Law and legislation > United States. Banks and banking, International > Law and legislation. Confidential communications > Banking > United States.
Online Access:	https://purl.fdlp.gov/GPO/LPS36362

Description
Summary:	Section 361(b) of the USA PATRIOT Act directs the Secretary of the Treasury to study methods for improving compliance with the reporting requirements of the Bank Secrecy Act. Section 5314 of the BSA authorizes the Secretary to require records and/or reports concerning transactions with foreign financial agencies. The form required by 31 CFR 103.24 is known as the Report of Foreign Bank and Financial Accounts ("FBAR"). The FBAR program is jointly administered by the Internal Revenue Service and the Financial Crimes Enforcement Network (FinCEN). This report identifies five objectives to be addressed by both agencies to improve compliance with FBAR reporting provisions.
Item Description:	Title from title screen (viewed on Sept. 19, 2002). "April 26, 2002." Electronic resource.
Format:	System requirements: Adobe Acrobat Reader to access PDF files. Mode of access: Internet from the Dept. of the Treasury web site. Address as of 9/19/02: http://www.treas.gov/press/releases/reports/fbar.pdf; current access is available via PURL.