Course Outline

• To learn and understand the definition and concept of FATCA – Key Characteristic Features & Objective
• To learn and understand the background and purpose of the FATCA regulations – Global Outreach aimed at tax evasion by US persons – Scope and Coverage – Timeline and Implementation
• To learn and understand the concept and application of CRS – The IGA  Inter Governmental Agreement  – Model 1  & 2 IGA Reporting – Key Reporting Requirements.
• To learn and understand the 3 pillars of FATCA
  • Classification Requirements – of Foreign Financial Institutions(FFI’s)
  • Reporting Requirements – to the IRS USA
  • Withholding Requirements of FFI’s – in non- compliance with FATCA
• To learn and understand the impact of the application and compliance FATCA for Banks and Financial Institutions
• To learn and understand the key challenges in implementing the FATCA by organizations – Changes to the key areas relating to technology, operations and client experience for compliance to the FATCA
• To learn and understand the definition and concept of CRS – Common Reporting Standards – Key Characteristics and Features & Objectives
• To learn and understand the concept and application of CRS –  The CRS MCAA – Multilateral Competent Authority Agreement
• To learn and understand the background and purpose of the CRS regulations –Global version of FATCA – Automatic Exchange of Financial Account Information – Scope and Coverage – Timeline and Implementation
• To learn and understand the key challenges and requirements in implementing the CRS by organizations I- Core Requirements to implement the global standards
• To learn and understand the key similarities and difference between FATCA and CRS – Reporting requirements, Due Diligence and Thresholds/Exemptions
• Glossary and Definition of Key Terminology in FATCA and CRS

Training Method
The course is offered fully online using a self-paced approach. The learning units consist of video presentations and reading material. Learners may start, stop and resume their training at any time.

At the end of each session, participants take a Quiz to complete their learning unit and earn a Certificate of Attendance once all quizzes have been passed successfully.

Accreditation and CPD Recognition 
This programme has been developed by the European Institute of Management and Finance (EIMF) an EU recognised training institution.

The syllabus is verified by external subject matter experts and may be accredited by financial regulators, and general financial training accreditation bodies, such as CISI and ACAMS, for 5 CPD Units.

Eligibility criteria and CPD Units are verified directly by your association or other bodies in which you hold membership.

Registration and Access
To register to this course, click on the ‘Add To Cart’ button to pay online and receive your access instantly. If you are purchasing this course on behalf of others, please be advised that you will need to create or use their personal profile before finalising your payment.

Access to the course is valid for 180 days.

If you wish to receive an invoice instead of paying online, please Contact us here. Talk to us for our special Corporate Group rates.