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What individuals are required to file Foreign Bank and Financial Accounts? Why do you think the Foreign Bank and Financial Accounts reporting scheme is or

What individuals are required to file Foreign Bank and Financial Accounts? Why do you think the Foreign Bank and Financial Accounts reporting scheme is or is not an effective scheme to collect information on foreign assets and accounts?

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Answer Individuals who are required to file Foreign Bank and Financial Accounts FBAR are US persons who have a financial interest in or signing or other power over one or more foreign financial accoun... blur-text-image

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