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FATCA Compliance

Wednesday, March 22, 2017 - 00:00
1 Day
Conducted by: 
Eureka Financial
Sam Baker

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?
This intermediate level course explores FATCA requirements and guidance as set out by HMRC but is also relevant for participants from abroad.

By the end of this training you will:

  • Understand FATCA obligations and how to comply with them
  • Learn what due diligence is in the FATCA sense and how it should beperformed
  • 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 

You may be also interested in our CRS course on 23 of March. Register for both programmes at the same time and save £100!
Register early and take advantage of our Early Bird offers!

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