FATCA is why you may need to file a Report of Foreign Bank and Financial Accounts (FBAR) and a Form 8938, but these forms are still different.

Form 8938 is required when the total value of specified foreign assets exceeds certain thresholds. For example, a married couple living in the U.S. and filing a joint tax return would not file ...

The Failure-to-File Penalty is $10,000 each year a taxpayer fails to file a required IRS Form 8938.

Form 8938 is the IRS counterpart for the FBAR, or Foreign Bank Report, which certain holders of foreign bank accounts must file with FinCEN.

Sec. 6038D, enacted as part of the Foreign Account Tax Compliance Act, requires individuals to report interests in specified foreign financial assets (SFFAs) when filing their federal income tax ...