Look into FATCA, what it is the various court challenges and their results. FATCA forces every foreign (To the US) financial institution on the planet to report all info they have on US persons, as defined by the US, to the US. A carrot the US used to get every country to sign on was that the reporting would be reciprocal. Experts, including lawyers and financial gurus said this would be the down fall of FATCA as reciprocity would require an act of Congress, which would never happen. I and a few other non experts said no, it will be done through regulation. As with us arguing against masks and the other covid nonsense have been called everything under the sun, so too were we similarly treated by the experts. Then the regulations came. The Bankers associations of Florida and Texas took the Treasury dept. to court over the cost of implementing the reporting sites required under the regulations to facilitate reporting of their account holders who are not US citizens to their homelands. They did not challenge the fine that would have to be paid if they did not comply, they challenged it on other grounds. Yet, it was dismissed for lack of standing based upon the Flora Rule which stipulates that a tax, fine of fee can not be challenged until it is paid. Experts: 0. Me and others who deal with the business end of laws and regulations: 2.