Hi, this is John McGuire from the Law Firm of Who Are. I'm going to talk a little bit about FinCEN, which stands for the Financial Crimes Enforcement Network. Recently, there have been a couple of stories in the newspaper and other news media, and I've had a couple of clients ask me about FinCEN. Basically, it's a bureau that is part of the Department of Treasury. Their overall goal is to ensure that financial institutions comply with certain regulations, mostly regarding record-keeping and reporting. For example, when a bank receives a deposit of more than $10,000, they have to report that under currency reporting or transaction reporting, which is a part of FinCEN. The purpose of gathering this information is to safeguard financial institutions and to ensure that banks, other financial institutions, money service businesses, and so forth, comply with regulations such as the Bank Secrecy Act. If you have any questions regarding FinCEN, feel free to contact the McGuire Law Firm. We offer a free consultation to all clients and would welcome the opportunity to meet with you. Thank you very much.
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Fincen wiki Form: What You Should Know
Fin CEN.gov: U.S. Department of Treasury The U.S. Secretary of the Treasury, through the Federal Bureau of Investigation (FBI), has made available on its website an electronic filing of FATF Forms in compliance with Federal law. I found this helpful while searching for a FATF Form 8300 since it has a form that requires each line to be filled out using the following format: Name or Title; Date of Birth; Filing Type (1, 2); Filing Address(e.g., Post Office Box, etc.); Date of Report(YYY, MDD); FTA Number; Bank, Financial Co (e.g., Bank A, Bank B, etc.); Money Services Business, Wholly Owned; and Money or Property. Thanks in Advance, Robert R. Lipscomb, Thank you. I also found it interesting that they don't require you to sign the paper document. The only thing I didn't get around to doing was adding my name, date of birth and my FICO score. Thanks again. Robert R. Lipscomb Thanks Robert, for your comment: If you don't use the FAFSA to verify your credit, you could be charged for it. If you have an existing student loan, the bank records your payment. There are also a lot of other fees that many people neglect to mention during these forms and other paperwork: Filing Taxes | Fin CEN.gov The US IRS requires all applicants to verify their incomes using the FAFSA. The FAFSA verifies your financial information by asking you to verify that: you have the necessary resources to support your family; you or your family is not a burden to society; you and your family are not subject to public assistance programs; you are not otherwise disqualified; your tax filing status is correct; you and your family have an approved income proof, if applicable; and you have filed your income tax form according to the current instructions and applicable tax and other laws. If your financial information does not match IRS verification requirements, you may be subject to adverse information collection or garnishment. It is not necessary to provide your social security number. You may also be found in violation of a variety of state and federal laws if your financial records are found to contain inaccurate information.
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