What is FBAR?

https://nomadcapitalist.com/2013/09/25/fbar-and-other-offshore-bank-account-reporting-requirements/

If you’re not familiar with the term, FBAR is the report of foreign bank and financial accounts for all US citizens involved in such actions.

The important thing to keep in mind is that there is only one way to escape this obligation and that is renouncing your US citizenship or your Green Card.

Attention: if you neglect to file this report, you'll be facing some severe penalties.

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Видео What is FBAR? канала Nomad Capitalist