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FinCEN Extends FBAR Deadline for Certain Financial Professionals, Announces New Due Date for FBARs

December 19, 2016 / Source: FinCEN

The Financial Crimes Enforcement Network (FinCEN) today posted to its Web site two announcements regarding FinCEN Form 114 (the Report of Foreign Bank Account, often referred to as the FBAR).  The first announces a further extension of time for certain 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.  The second announces the new annual due date for FBAR filings.