FBAR filing date extended to June 30, 2013 for certain officers and employees with signature authority over company accounts

On February 14, 2012, the Financial Crimes Enforcement Network (FinCEN) released Notice 2012-1, to further extend the due date for certain officers and employees with signature authority over company-owned foreign financial accounts to file their Form TD F 90.22-1, Report of Foreign Bank and Financial Accounts (FBAR), from June 30, 2012 until June 30, 2013.

FinCEN first extended this due date in FinCEN Notice 2011-1 and FinCEN Notice 2011-2 in response to concerns about the lack of lead time before new regulations would require certain officers and employees who previously had to no FBAR filing obligation with respect to company-owned accounts to now be required to file an FBAR.