In this paper, we will try to tackle what FATCA (Foreign Account Tax Compliance Act) is all about, and why it is of interest for us as foreign compliance professionals and institutions to learn about the potential implications and the burdens cost of non-compliance. This paper also highlights the necessity for domestic-local bankers, associations and regulators/central banks to find an exit scenario for the current complicated situation and to admit that complying with US Treasury requirements is not an easy task for foreign banks.