FATCA & CRS
The Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) constitute key tax transparency regulations that came into force respectively in 2014 and 2016.
Our tailored FATCA and CRS courses cover the key principles with concrete examples, and also present you some best-market practices to face industry challenges and implement an efficient FATCA/CRS operating model.
Introduction to FATCA
Overview
Learn key definitions, how to fill out the forms, and how to access the information you need. The course will show you how to navigate the complexities of FATCA and implement these standards in your institution.
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Learning Outcomes
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Overview of FATCA​
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Obligations of Reporting Entities
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Types of FATCA forms
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Determine reportable account
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Classification of accounts
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Frequency of Reporting
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Ensuring FATCA Compliance
Target Audience
Employees of management companies, banks and other financial institutions involved in FATCA reporting.
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Level: Intermediate to Senior
Duration
6 Hours
Theory/Practical
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Introduction to CRS
Overview
The course provides a general understanding of the automatic exchange of information – commonly referred to as CRS, the key aspects of the CRS legislation and how to incorporate them as part of a strategic compliance operating model.
Learning Outcomes
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Understanding CRS - History and Origin
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How automatic exchange of information work?
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Types of CRS forms
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Classification of accounts
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Understand the Due Dilligence requirements of CRS
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Reporting requirements and key considerations under CRS
Target Audience
Professionals working in the area of Compliance, Finance or Tax but also Operations specialists, front office staff or Relationship Managers are addressed
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Level: Basic to Intermediate
Duration
6 Hours
Theory/Practical
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