The simple solution would be to synchronize FBAR and FACTA to use the same reporting amount as this would remove the vast majority of people from having to report. $10K is far to low given exchange rates. $50K-$100K or higher would probably be a more realistic number.
My other comment (in reply to another comment) shows how I, a brit, have gotten myself into a problem with far more that 100K, without having any idea.
The best option would be same country exemption for FBAR and FACTA. Or stop taxing non-resident citizens.
