Report of Foreign Bank and Financial Accounts (FBAR) [electronic resource] / Zhanna A. Ziering, Esq. (Associate, Caplin and Drysdale, Chartered, New York, NY), Niles A. Elber, Esq. (Member, Caplin and Drysdale, Chartered, Washington, DC), Mark E. Matthews, Esq. (Member, Caplin and Drysdale, Chartered, Washington, DC).

" ... discusses the history of the FBAR, FBAR reporting requirements, and enforcement relating thereto. The requirement to file an FBAR was first enacted in 1970 as part of the Bank Secrecy Act (BSA). The BSA created a network of required financial reporting that was designed to identify transa...

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