Every U.S. person who has a financial interest in, or signature authority over, any foreign financial accounts (including bank accounts, securities, or other types of financial accounts located outside of the U.S.) must file a report on FinCEN 114 (commonly referred to as FBAR) if the aggregate value of the foreign financial accounts exceeds $10,000 at any time during the calendar year.
Please see full publication below for more information.
