Course description
Gain a comprehensive commentary on Foreign Account Tax Compliance Act (FATCA), Common Reporting Standard (CRS) and other earlier and proposed Automatic Exchange of Information (AEOI) initiatives with this innovative and engaging course.
By 2025, 122 countries are expected to start automatic information exchanges. It's more important than ever that you have up-to-date technical knowledge and effective tools for implementation and compliance. This course reviews the current reporting requirements in detail, including Foreign Account Tax Compliance Act (FATCA) and Common Reporting Standard (CRS), and comprehensively summarises previous initiatives.
You will learn how to:
- explain the need for 'Automatic Exchange of Information' (AEOI)
- understand the key principles and purpose behind FATCA and CRS
- know the information required to be reported under FATCA and CRS and timetables for reporting
- explain the impact of FATCA and CRS on trusts
- reflect on the positives and negatives of FATCA and CRS
- consider the possible future direction of AEOI
- discuss other international AEOI initiatives
Upcoming start dates
Suitability - Who should attend?
This course is suitable for anyone with an interest in the subject, but you may find it particularly useful if you are:
- a professional working in the international trusts industry
- working in the private banking and wealth management industry, including as a financial adviser, accountant, senior executive, compliance professional or a member of operational staff working in a financial services firm
- working in an international commercial business or organisation
- a lawyer or legal professional
Outcome / Qualification etc.
This qualification covers the following topics:
- an introduction to AEOI
- an introduction to FATCA
- FACTA documentation and reporting
- FATCA and trusts
- fundamental principles of CRS – the standard for Automatic Exchange of Financial Information
- CRS documentation and reporting
- CRS and trusts
- FATCA and CRS implementation and current status
- other international AEOI initiatives
Course delivery details
- You’ll learn through bespoke, interactive course material on our online learning platform, written by an industry expert. You will have the opportunity to complete the optional end-of-course multiple-choice assessment to receive a certificate of completion.
- We recommend you spend 30 hours of study on this course, although with 24-hour access to the content for 12 months included in the course fee, you can take charge of your own learning and set your own pace.
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CLTI
CLTI provides training and qualifications to professionals working in the private client, wealth management, and investment funds industry across the globe. We are the primary education partner for STEP, the global professional association for practitioners specialising in family inheritance and...