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Financial Services Law Insights and Observations

FinCEN Extends FBAR Filing Deadline

FinCEN

Financial Crimes

On December 26, FinCEN issued Notice 2012-2 to extend the deadline for certain filers to submit the Report of Foreign Bank and Financial Accounts (FBAR). FinCEN has extended this deadline several times in the past and the notice explains that FinCEN continues to receive questions from filers that require additional consideration. Pursuant to the notice, individuals previously granted extensions under FinCEN Notices 2011-1 and 2011-2, have until June 30, 2014 to comply.