Qualified intermediary & us 1441 nra regulations

Investment Education Plc

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Description

  • Type

    Course

  • Start date

    Different dates available

Background
All financial institutions outside the USA receiving US source income for clients are affected by the US 1441 NRA regulations. Penalties for non-compliance are severe. Most institutions have become Qualified Intermediaries (QIs) to minimise the impact and to comply. This can involve 'audits of compliance'.
This one-day course reviews the issues and regulations and their impact on non-US financial services companies.
Delegates
Fund Managers, Private Bankers & Stockbrokers
Compliance and Regulatory Officers
Operations and Back Office Managers
IT Executives involved with Compliance and Operational systems

Facilities

Location

Start date

Start date

Different dates availableEnrolment now open

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Reviews

Subjects

  • Risk
  • Evaluation
  • Compliance
  • Financial Services
  • Financial
  • Systems
  • IT risk
  • Ms Office
  • Financial Training
  • Regulations

Course programme

Content
- Introduction
o Context, history & Intent
o Base Principles
o Forms, Notices, Publications & Resources
- Documentation
o W-8, W-9 & KYC
o Compliance issues
- Withholding
o Account structures
o S. 302
- Deposits
o Form, method and timeliness
- Reporting
o US Persons
o non-US Persons
o Compliance Issues
- Control
o Prevention, Detection, Deterrence, Correction
o Authorised Employees
o Notice of Material Failure
o Evaluation of Risk
- AUP (Audit)
o AUP Phases
o Compliance issues
- Reclaims
o US Simplified Procedure claim processing
- Upcoming changes
o Penalties
o Notice 2008-98
o HIRE Act (FATCA)



Todays Date: 8 September 2017
Duration 1 day

See related categories

Qualified intermediary & us 1441 nra regulations

Price on request

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