But must you file an FBAR even if the only foreign account you have is at a foreign branch of a U.S. bank?

FORBES: Even U.S. Branch Accounts Abroad Trigger FBAR!

To be reportable, the foreign financial account must be physically located outside of the U.S. For example, a financial account maintained in a foreign branch of a U.S. bank is treated as a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

Much more importantly, it requires someone who will, from Day One, have the confidence of that community's professionals and command the respect of Congress, his or her counterparts in the executive branch, foreign interlocutors, the public and the press.

CENTERFORSECURITYPOLICY: The System Worked On Lake; Will It On Tenet?

One proposal is to offer incentives to foreign universities to set up branch campuses in Malaysia.

ECONOMIST: South-East Asia’s learning difficulties | The

Conversely, an account maintained in a U.S. branch of a foreign bank is not a foreign financial account subject to reporting.

FORBES: IRS Issues Final FBAR Regulations and Revised FBAR Form

One name that cropped up immediately is America's Citigroup, one of the few foreign banks with a sizeable retail branch network in Germany.

ECONOMIST: German banking: Death of a deal | The

It also won a QFB (qualified foreign bank) license in Singapore to further expand its branch network.

CNN: PLUS

The EDF is calling the riders unconstitutional because, if included on the bills, they will hinder the executive branch's constitutional role of developing and implementing foreign policy, with advice and consent from the Senate.

CNN: Climate change funding curb fought

Executive Branch slush-fund for medium-term loans to foreign governments.

CENTERFORSECURITYPOLICY: Center for Security Policy | How Bill Clinton Proposes To Spend The ��Surplus��: Bailing Out Foreign Governments �� And Their Western Underwriters

Without any proposed capital controls or explicit enforcement measures, the U.S. Markets Security Act of 1997 contains a clear message: The relevant Committees of the Congress -- including Banking, Foreign Relations and Intelligence -- are now watching, even if most in the Executive Branch and the markets remain perilously dismissive of this complicated 21st century security challenge for this country and our allies.

CENTERFORSECURITYPOLICY: Testimony of Roger Robinson on market security

Like several of the judges on the left branch of the court, Judge Sotomayor has said she favors a broader consideration of foreign and international law in U.S. judicial opinions.

WSJ: Sotomayor and International Law