Course description
We offer a unique opportunity to complete this programme remotely via a virtual classroom which will be delivered on 21 Mar & 27 Jun 2024 as a full day session from 10 a.m. until about 4.30 p.m. UK time.
This practical 1-day course provides a thorough examination of both FATCA and CRS regulations. You will learn about the requirements and practical solutions for compliance, reporting obligations, customer classification process and due diligence as well as how to best set up the framework and ensure best operational and governance practices. Conducted by experts with many years of practical experience from the sector you will have a chance to learn about best practices and compliance standards.
The training course is suitable for front-office staff members, compliance/legal, finance and operations staff, as well as independent consultants requiring carrying specific tasks.
Upcoming start dates
Course content
By the end of the programme you will have a solid understanding of:
- Understand the scope and impact of FATCA/CRS reporting regimes as well as differences and similarities between them
- Learn about customer identification, due diligence and classificationUnderstand the reporting requirements for entities and accounts in scope
- Learn the best compliance and reporting practices
- Implementation strategies for FATCA/CRS frameworks
- Full understanding for the front-line staff of the change in their role and responsibilities as required by CRS regime (i.e., on-boarding, indicia and associated curing, reporting)
- The impact of FATCA and CRS on your work routine
Main topics
- Background to the AEoI regimes and key differences
- Impact of FATCA/CRS on the Financial Services Industry
- Reportable information and timelines
- Entities and accounts in scope
- Customer due diligence: new accounts, pre-existing accounts and on-going monitoring
- Practical aspects including classification of reportable institutions and clients
- Due diligence requirements and identification of reportable accounts
- Indicia and associated curing
- Best practices and practical reporting considerations
- Setting up effective governance framework
- Controls over the reporting process
- Key factors for FATCA and CRS reporting and compliance obligations
- Implementation challenges
- Role of the relationship manager
- Notification obligations to customers
- Reporting obligations and schemas
- Use of reported information by tax authorities
Suitability - Who should attend?
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
Outcome / Qualification etc.
Course Certificate on completion
Course delivery details
We offer this course for both individual students, as well as the ability to book them as private in house training for companies looking to train employees.
Reviews
Average rating 5
I learnt a lot today!
It's been very good, it helped me to get a better understanding.
Expenses
Online: Early Bird £850, regular price £995 + VAT. 10% discount for 3 people. There is no VAT for delegates based outside of the EU.
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Eureka Financial
Eureka Financial is a provider of banking, finance, regulatory, risk and wealth management training courses. We also offer some business management and soft skills training programmes. Based in London, UK, we organise public courses in London as well as tailored in-house...
Great! Will help me in my daily work.