FATCA Compliance for Financial Professionals Training Course
FATCA (Foreign Account Tax Compliance Act) is a United States law aimed at identifying tax evasion. It mandates that banks, corporations, insurance companies, trusts, and other financial institutions outside the US report information about their US clients.
This instructor-led, live training (online or on-site) is designed for financial professionals in both US and non-US institutions who want to understand the legal, compliance, and enforcement aspects of FATCA to ensure they remain compliant with US tax authorities (IRS).
By the end of this training, participants will be able to:
- Grasp FATCA's impact on global tax compliance and financial transparency.
- Understand FATCA's due diligence and reporting requirements.
- Comprehend the most important legal aspects of FATCA and how to ensure adherence.
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.
Course Outline
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
Requirements
- An understanding of tax concepts.
Audience
- Professionals in financial institutions worldwide.
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Testimonials (3)
Good communication, open for discussion, kept it interesting and engaging
Ahmet Keyman - Keytrade AG
Course - Management Accounting and Finance for Non-Finance Professionals
Experience of the trainer and his way of conveying the content
Roggli Marc - Bechtle Schweiz AG
Course - FinOps
Experience and provide necessary information to the topics
Ronald - Microgenesis Business System
Course - FinOps Certified Practitioner (FOCP) Preparation
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