I've recently opened an offshore bank account and brokerage account expecting a crackdown on them. I don't intend on using it very much or have much sitting in the account but the hope is that pre-existing accounts will not be closed if FATCA was to be implemented and only new accounts would be refused on Australian citizens so want the option of moving money offshore is still available to me. Just trying to keep a few steps ahead. http://www.alt-market.com/articles/2062-us-citizen-no-foreign-bank-account-for-you