### Question
Can you define what foreign financial institution means?


### Answer
**Foreign financial institution** is defined as the following in *26 U.S.C. § 1471*:

> any financial institution which is a foreign entity

#### Citation:
  - *26 U.S.C. § 1471*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 4-TAXES TO ENFORCE REPORTING ON CERTAIN FOREIGN ACCOUNTS**

