Regulatory Alerts2011-06-17
FinCEN Notice 2011-2: Extended FBAR Filing Date for Officers or Employees of SEC-Registered Investment Advisors
The Financial Crimes Enforcement Network issued this notice to grant administrative relief to officers or employees of SEC-registered investment advisors who have signature authority but no financial interest in certain foreign financial accounts. Responding to processing concerns, FinCEN extended the FBAR filing deadline to June 30, 2012 for calendar year 2010 and prior deferred years for these specific individuals. This extension applies to accounts of persons that are not registered investment companies, distinguishing them from the exceptions already provided for authorized service providers.
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