This is the conversation I had with my younger Frenchling (French/American daughter) last night after she opened her bank statment. She has a little account with our French bank that we opened to give her pocket money:
Frenchling: Mom, what do I do with this? (bank statement)
Me: Give to me. We have to keep copies.
Me: Because we have to report it to the U.S. government.
Me: Because they will fine your Mom 10,000 USD if we don’t.
Frenchling: But it only has 200 Euros in it!
Me: I know but we still have to report it.
Frenchling: That’s stupid. Why do they make us do that?
Me: I don’t know, baby, but give it to me and I’ll file it.
Frenchling: When I grow up I’m going to live in Japan.