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FinCEN Further Extends FBAR Deadline for Certain Financial Professionals

Authored By: Lewis Wood on 12/14/2021

The Financial Crimes Enforcement Network (FinCEN) yesterday announced a further extension of time for certain Report of Foreign Bank and Financial Accounts (FBAR) filings in light of the notice of proposed rulemaking FinCEN issued on March 10, 2016, which proposes to revise the regulations implementing the Bank Secrecy Act regarding FBARs. 

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