Originally Posted by airspeed1974

While that's true about FATCA the IRS is not going to know how much you have in your account nor will they know you even have an account. All FBAR really does is try to scare taxpayers. The govt of China is not going to contact the IRS and even if the IRS was to ask I highly doubt they would even say as many accounts for employees here are opened by the company so the expat is technically not the owner.

While one should file about these accounts you don't need to worry about them knowing how much. The mayors property was too public. Stay quiet is the best way