ARTICLE · 13 MARCH 2012

FinCEN Issues Additional Extension For Certain FBAR Filers

Morgan Lewis

Explore more from Morgan Lewis

On February 14, the Financial Crimes Enforcement Network (FinCEN) announced that certain persons who are obligated to file Form TD F 90-22.

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Richard Zarin

Barton Bassett

Joan Ingram

Charles Lubar

Brian McManus

Gabriel Quihuis

T. Joshua Wu

William Zimmerman

On February 14, the Financial Crimes Enforcement Network (FinCEN) announced that certain persons who are obligated to file Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (FBAR), now have until June 30, 2013, to file the form.¹ This extended filing deadline applies to certain individuals with signature authority over but no financial interest in one or more foreign financial accounts and to certain employees or officers of investment advisers registered with the Securities and Exchange Commission (SEC) who have signature authority over but no financial interest in certain foreign financial accounts. FinCEN cites "additional questions and concerns" regarding exceptions to filing addressed in prior FinCEN notices as the basis for this latest extension. This is the second filing extension applicable to such persons. It covers not only the reporting of signature authority held by such persons for 2011, but also for all other years for which filing was

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