FATCA
Short course
In London
Description
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Type
Short course
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Level
Intermediate
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Location
-
Class hours
8h
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Duration
1 Day
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Start date
Different dates available
This intensive 1 day course conducted by a City expert will help you
prepare to set up and manage effective reporting system for FATCA.
By the end of the programme you will have a solid understanding of:
- FATCA obligations and how to comply with them
- Learn what due diligence is in the FATCA sense and how it should be performed
- Learn which financial products have to be reported and which are exempted
- Reporting timelines and formats
- Best practices in FATCA reporting and compliance
- How to set up internal controls and address operational challenges
- Have an understanding of the progressive reporting requirements
- Challenges with maintaining data standards and the importance of reference data
- Understand the impact of CRS - Common Reporting Standards
- Key success factors in FATCA compliance
Facilities
Location
Start date
Start date
Start date
About this course
This one day program is relevant for:
Financial Officers
Compliance Officers
Risk Management Professionals
External & Internal Auditors
Operations Managers / Officers
Project Managers
Back Office Professionals
Wealth Managers and Private Banking Professionals
Lawyers
Consultants
Accountants
Staff with roles and responsibilities in operational, businesses and central departments
You will receive course certificate on completion.
Reviews
Subjects
- Compliance
- Tax Law
- Banking and Finance
- Financial Compliance
- Tax compliance
- Tax System
- Tax
- Banking regulations
- FATCA
- Tax reporting
Teachers and trainers (1)
EF Faculty Trainer
Trainer
Course programme
- FATCA Reporting scope and process
- Who is obliged to report and exemptions
- Customer identification and classification process
- FATCA Due Diligence & Registration Process
- Creating FATCA Rulemap
- What Income type needs to be reported
- FATCA reporting scenarios
- FATCA Verification of Compliance and Anti Avoidance
- Best practices in complying with FATCA
- Governance, roles & responsibilities
- Business model consideration
- Data Standards and importance of Reference Data
- Project setup, milestones, attention points
- Controls over FATCA Reporting
- Key Success factor for delivering FATCA
- FATCA implementation challenges: governance, IT infrastructure, data aggregation and reporting practices
- Comparison with CRS - Common Reporting Standards
FATCA