https://www.americansabroad.org/old/same-country-exemption/
Same Country Exemption?
ACA, Inc. proposes a FATCA Same Country Exemption for accounts of US taxpayers resident abroad. If implemented, this would help alleviate the problem of financial services lock-out currently being experienced by Americans resident overseas.
In a letter to the Treasury Department (Oct. 2013), ACA, Inc. has asked that this rule be applied for bank accounts held by American citizens in their country of residence.