Market Overview

CRS & FATCA Compliance & Reporting -


The "CRS
& FATCA Compliance & Reporting"
training has been added
to's offering.

The introduction of US FATCA (Foreign Account Tax Compliance Act) in
2010 saw a clamp down on US citizens evading tax by imposing a 30%
withholding tax penalty, an initiative that was to change the face of
the fight on financial crime. This regulation has spread and triggered
similar initiatives on a global level and in particularl the
introduction of Common Reporting Standard (CRS) by the Organisation for
Economic Co-operation and Development (OECD), a wider global tax
transparency initiative.

In February 2014, G20 finance ministers and governors endorsed the CRS
as the new global standard for the Automatic Exchange of Information
(AEoI). On May 6, 2014, forty-seven countries tentatively agreed on the
CRS initiative, an agreement to share information on residents' assets
and incomes automatically in conformation with the standard.

This practical 1 day course provides a thorough examination of both
regimes, presenting a comparative review and analysis of key differences
and common areas. You will learn about the requirements and solutions
for complying with both regimes as well as about the key
classifications, definitions and evaluations.

Key Topics Covered:

  1. Background to the FATCA/CRS reporting requirements
  2. Impact of FATCA/CRS on the Financial Services Industry
  3. Scope of FATCA/CRS Reporting
  4. Review and comparison of FATCA vs. CRS
  5. Reportable information and timelines
  6. Definition of Reporting Financial Institutions, classification and
    evaluation of different cases
  7. Review of Non-Reporting Financial Institutions
  8. Definition of Reporting Financial Accounts, classification and
    evaluation of different cases, exemptions
  9. Identifying Reportable Accounts
  10. Customer identification and classification process
  11. Due Diligence Process
  12. Creating Rulemap
  13. Best practices in working with and complying with requirements
  14. Governance: roles & responsibilities
  15. Reporting solutions considerations
  16. Key parameters for decision making
  17. Business model consideration
  18. Data Standards and Importance of Reference Data
  19. Project setup, milestones, attention points
  20. Controls over the reporting
  21. Key success factor for delivering FATCA/CRS
  22. Implementation challenges


The Course Director is an experienced leader, investment banking
professional and subject matter expert with strong commercial acumen and
over 18 years experience overseeing global business intelligence,
regulatory programmes and data/predictive analysis science programmes
across North America, EMEA, Asia and Emerging Markets for tier 1
Investment and Asset Management banks such as Deutsche Bank (Asset
Management & Investment Bank), ABN AMRO Asset Management, UBS (Private
Wealth & Investment Bank), Bank of New York Asset Management, JP Morgan
Asset Management and HSBC Investment Bank, RBS Investment Bank and Amoo
Venture Capital Advisory.

For more information about this training visit

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