The US Financial Crimes Enforcement Network (FinCEN) announced a filing extension for Report of Foreign Bank and Financial Accounts (FBAR) to June 30, 2015. This extends a prior extension notice from December 2012 for Form TD 90-22.1, applied to “certain individuals with signature authority over but no financial interest in one or more foreign financial accounts.”
Treasury and finance executives who hold signature authority for foreign financial accounts on behalf of their companies are recipients of this extension, which applies to 2013 reporting, as well as previously encompassed notices of extension.
FinCEN cited the need for additional extension in order to further clarify compliance concerns.
Notice 2013-1, issued December 17, 2013, can be viewed here.
On the second day of this year's AFP conference Trump's potential tax reform, using synthetic debt and the expected benefits of SWIFT GPI were all hotly discussed topics.
Today CGI and GTNews have announced the launch of the fifth annual Transaction Banking survey report, which offers which offers critical insight into the corporate-to-bank relationship.
On-Demand Treasury Management Solutions continue to gain increased adoption in the US and EMEA regions.
Treasurers are being expected to do more work with fewer resources than ever before, so it is little wonder that the automation of day-to-day operations was highly discussed on the second day of EuroFinance, the annual treasury event held in Barcelona this week.