DUBLIN--(BUSINESS WIRE)--The "FATCA Compliance" training has been added to Research and Markets' offering.
With US FATCA legislation now published, the major focus is now on Reporting Solutions Considerations that are effective but not commercially onerous or operationally disruptive.
A number of key drivers for success continue to impact the consistency and methods of how new accounts are opened, the Know Your Client (KYC) process, data management, income identification, financial accounts identification, and to a larger extent business processes that support customer identification, classification and disclosure. What solution is key to the success of FATCA Reporting? Are their economical benefits in the segregation of US activities or re-organizing business functions to achieve compliance easily?
A multiple choice test will be perfomed at the end of the course to consolidate and check participants' knowledge.
Topics Covered During This Training
- FATCA Reporting scope and process
- Who is obliged to report and exemptions
- Customer identification and classification process
- FATCA Due Diligence & Registration Process
- Creating FATCA Rulemap
- What Income type needs to be reported
- FATCA reporting scenarios
- FATCA Verification of Compliance and Anti Avoidance
- Best practices in complying with FATCA
- Governance, roles & responsibilities
- Business model consideration
- Data Standards and importance of Reference Data
- Project setup, milestones, attention points
- Controls over FATCA Reporting
- Key Success factor for delivering FATCA
- FATCA implementation challenges: governance, IT infrastructure, data aggregation and reporting practices
- Comparison with CRS - Common Reporting Standards
What You Will You Learn:
By the end of the programme you will have a solid understanding of:
- FATCA obligations and how to comply with them
- Learn what due diligence is in the FATCA sense and how it should be performed
- Learn which financial products have to be reported and which are exempted
- Reporting timelines and formats
- Best practices in FATCA reporting and compliance
- How to set up internal controls and address operational challenges
- Have an understanding of the progressive reporting requirements
- Challenges with maintaining data standards and the importance of reference data
- Understand the impact of CRS - Common Reporting Standards
- Key success factors in FATCA compliance
For more information about this training visit https://www.researchandmarkets.com/research/vc4rnr/fatca_compliance
