Certain individuals who have only signature authority over
foreign financial accounts now have until April 15, 2019 to file
the Report of Foreign Bank and Financial Accounts.
On December 22, 2017, the US Department of the Treasury's
Financial Crimes Enforcement Network (FinCEN) released Notice 2017-1, which states that certain
persons who are obligated to file FinCEN Form 114—Report of
Foreign Bank and Financial Accounts (FBAR) now have until
April 15, 2019 to file the form.1 This
extended filing deadline applies to certain individuals who have
signature authority over, but no financial interest in, one or more
foreign financial accounts. The extension also applies to certain
employees or officers of investment advisers registered with the US
Securities and Exchange Commission (SEC) who have signature
authority over, but no financial interest in, certain foreign
financial accounts.
