FATCA Compliance for Financial Professionals

• An understanding of tax concepts.

Audience

• Professionals in financial institutions worldwide.

FATCA (Foreign Account Tax Compliance Act) is a US law designed to detect tax evasion. It requires banks, corporations, insurance companies, trusts, and other financial institutions abroad to report information on their US clients.

This instructor-led, live training (online or onsite) is aimed at financial professionals in US and non-US institutions who wish to understand the legal, compliance and enforcement aspects of FATCA to maintain compliance with US tax authorities (IRS).

By the end of this training, participants will be able to understand:

• FATCA's impact on global tax compliance and financial transparency.
• FATCA's due diligence and reporting requirements.
• FATCA's most important legal aspects and how to ensure compliance.

Format of the Course

• Interactive lecture and discussion.
• Exercises and practice.

Course Customization Options

• To request a customized training for this course, please contact us to arrange.

Introduction

• Financial crime and how FATCA (Foreign Account Tax Compliance Act) came to be.

Overview of FATCA Compliance Program

FATCA's Key Provisions

Case Study: Responding to FATCA across Different Countries

Institutions, Governments and Customer Entities

FATCA's International Framework

FATCA Reporting Requirements

Staying Compliant

Penalties for Non-compliance

FATCA Registration

FATCA Forms

Special Case Scenarios

Summary and Conclusion