Foreign Bank and Financial Accounts Reports

E6968

U.S. financial reporting requirement anti–money laundering measure regulatory filing

Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.

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All labels observed (7)

Label	Occurrences
FBAR	3
FinCEN Form 114	2
Report of Foreign Bank and Financial Accounts	2
FBARs	1
Foreign Bank and Financial Accounts Report	1
Foreign Bank and Financial Accounts Reports canonical	1
Form 114	1

How this entity was disambiguated

This entity first appeared as the object of triple T28656 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.

NED1 Entity disambiguation (via context triple) gpt-5-mini-2025-08-07

Target entity: Foreign Bank and Financial Accounts Reports
Context triple: [Financial Crimes Enforcement Network, collectsReportType, Foreign Bank and Financial Accounts Reports]

A. Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
B. Egmont Group of Financial Intelligence Units
The Egmont Group of Financial Intelligence Units is an international network that facilitates cooperation and information sharing among national financial intelligence units to combat money laundering, terrorist financing, and related financial crimes.
C. Office of Terrorism and Financial Intelligence
The Office of Terrorism and Financial Intelligence is a U.S. Treasury division responsible for using financial tools, including sanctions and intelligence, to combat terrorism, money laundering, and other national security threats.
D. Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) is a U.S. government bureau that collects and analyzes financial transaction data to combat money laundering, terrorist financing, and other financial crimes.
E. IRE Transactions
IRE Transactions was a series of technical journals published by the Institute of Radio Engineers that disseminated influential research in electronics, radio, and related engineering fields.
F. None of above. chosen
G. Unsure - the case is ambiguous/there is not enough information to decide.

NED2 Entity disambiguation (via description) gpt-5-mini-2025-08-07

Target entity: Foreign Bank and Financial Accounts Reports
Target entity description: Foreign Bank and Financial Accounts Reports are mandatory U.S. filings that disclose individuals’ and entities’ financial interests in or authority over foreign bank and financial accounts to help prevent tax evasion and financial crimes.

A. Bank Secrecy Act
The Bank Secrecy Act is a U.S. law that requires financial institutions to assist government agencies in detecting and preventing money laundering, terrorist financing, and other financial crimes.
B. Egmont Group of Financial Intelligence Units
The Egmont Group of Financial Intelligence Units is an international network that facilitates cooperation and information sharing among national financial intelligence units to combat money laundering, terrorist financing, and related financial crimes.
C. Office of Terrorism and Financial Intelligence
The Office of Terrorism and Financial Intelligence is a U.S. Treasury division responsible for using financial tools, including sanctions and intelligence, to combat terrorism, money laundering, and other national security threats.
D. Financial Crimes Enforcement Network
The Financial Crimes Enforcement Network (FinCEN) is a U.S. government bureau that collects and analyzes financial transaction data to combat money laundering, terrorist financing, and other financial crimes.
E. IRE Transactions
IRE Transactions was a series of technical journals published by the Institute of Radio Engineers that disseminated influential research in electronics, radio, and related engineering fields.
F. None of above. chosen

Statements (55)

Predicate	Object
instanceOf	U.S. financial reporting requirement ⓘ anti–money laundering measure ⓘ regulatory filing ⓘ
administeredBy	U.S. Department of the Treasury ⓘ linked to: United States Department of the Treasury
alsoKnownAs	FBAR ⓘ linked to: Foreign Bank and Financial Accounts Reports FinCEN Form 114 ⓘ linked to: Foreign Bank and Financial Accounts Reports
appliesTo	U.S. citizens ⓘ U.S. entities ⓘ U.S. persons with foreign financial accounts ⓘ U.S. residents ⓘ domestic corporations ⓘ domestic limited liability companies ⓘ domestic partnerships ⓘ estates ⓘ trusts ⓘ
automaticExtensionUntil	October 15 ⓘ
country	United States ⓘ linked to: United States of America
covers	certain foreign retirement accounts ⓘ foreign bank accounts ⓘ foreign brokerage accounts ⓘ foreign mutual fund accounts ⓘ foreign securities accounts ⓘ other foreign financial accounts ⓘ
dataUsedBy	U.S. law enforcement agencies ⓘ linked to: U.S. federal agencies tax authorities ⓘ
distinctFrom	FATCA Form 8938 ⓘ
enforcedBy	Financial Crimes Enforcement Network ⓘ Internal Revenue Service ⓘ
filedVia	BSA E-Filing System ⓘ
filingDeadline	April 15 following the calendar year reported ⓘ
filingMethod	electronic filing ⓘ
legalBasis	31 C.F.R. § 1010.350 ⓘ 31 U.S.C. § 5314 ⓘ Bank Secrecy Act ⓘ
nonWillfulViolationPenaltyType	civil monetary penalty ⓘ
objective	to detect and deter offshore tax noncompliance ⓘ to support investigations of financial crimes ⓘ
purpose	to combat money laundering ⓘ to combat tax evasion ⓘ to combat terrorist financing ⓘ to disclose U.S. persons’ financial interests in foreign financial accounts ⓘ to disclose U.S. persons’ signature or other authority over foreign financial accounts ⓘ to enhance financial transparency ⓘ
regulatedBy	FinCEN ⓘ linked to: Financial Crimes Enforcement Network Financial Crimes Enforcement Network ⓘ
relatedTo	Internal Revenue Service ⓘ
requiredInformation	account number of each foreign account ⓘ maximum value of each foreign account ⓘ name and address of foreign financial institution ⓘ name on each foreign account ⓘ type of foreign account ⓘ
scope	calendar-year reporting ⓘ
thresholdCondition	aggregate value of foreign financial accounts exceeds $10,000 at any time during the calendar year ⓘ
violationConsequence	potential criminal penalties ⓘ
willfulViolationPenaltyType	enhanced civil monetary penalty ⓘ

How these facts were elicited

Referenced by (11)

Full triples — surface form annotated when it differs from this entity's canonical label.

Financial Crimes Enforcement Network → collectsReportType → Foreign Bank and Financial Accounts Reports ⓘ

BSA E-Filing System → supportsFilingOf → Report of Foreign Bank and Financial Accounts ⓘ