action by assigning a fine to you? It would be all risk, no reward for them. Were the funds in your account gained through illegal means, say human trafficking, selling drugs, or terrorism? Were the funds laundered? If not, then the IRS really has no business at all charging a fine against your account under FBAR. @ Patricia:  that is a very relevant article to this post, yes of course.  Williams was an admitted tax evader.  The lower court made an important decision that many people were relying on: checking "no" was no sign of wilfulness.  Now that decision has been struck down by the 4th circus court. FBAR is not the reason I expatriated.  I made the decision to lose my citizenship before I learned about FBAR.  But it seems the more you know, the less desirable US citizenship becomes.  I will not give my bank account information to the IRS; it is against basic decency and liberty.  I will not inventory my assets for the IRS in this manner.  That is an affront.  Therefore, it is a good thing that I had already started the process of losing my citizenship in February, 2010, since it took a year for me to receive my Canadian citizenship. Now the biggest criminals are the folks running the US government.  It is a ponzi scheme many multitudes larger than what Bernie Madoff was running.  Madoff had to go to jail because the Federal government hates competition. @banany, same here and I asked