https://www.maglaw.com/media/publications/articles/2024-09-19-the-excessive-fines-clause-comes-for-the-fbar-civil-penalty
The Excessive Fines Clause Comes for the FBAR Civil Penalty | Morvillo Abramowitz Grand Iason &...
Taxpayers who willfully fail to disclose their offshore account holdings on Reports of Foreign Bank and Financial Accounts (FBARs) face financial penalties of
the excessive fines clause