FATCA, governance and oversight: Impact of the 18 June 2020 law
Since 1 January 2021, financial institutions in Luxembourg need to have a compliance programme in place that includes written policies and procedures, controls and IT systems.
What are the best practices in terms of governance?
What should I do when compliance tasks are delegated to a service provider, especially in terms of oversight obligations?
By the end of this course, participants will be able to:
- determine which procedures should be put in place or amended;
- upgrade their client/investor on-boarding process;
- assess whether they receive sufficient information and comfort from their service providers.
- Best practices in terms of procedures
- Area of risks
- Common mistakes in the market in terms of client due diligence and reporting
- Documentation of the controls
- Oversight - what are the key points to control in case of delegation
A qui s'adresse la formation?
All line of defenses of the financial industry from board members to compliance officers and members of KYC units.
This training is coordinated by Pierre Kirsch, Tax Partner in charge of tax transparency related tax consulting, at PwC Luxembourg.
The team of trainers consists of experienced PwC specialists who are specialised in tax transparency related issues. The team, which is helping clients since 2021 in their tax transparency obligations, has gained far reaching technical and practical expertise in this respect. Pierre is the responsible partner at PwC Luxembourg for AML tax (detection of tax fraud), CRS, FATCA and DAC6 and heavily involved in projects assisting financial services clients to understand and implement all those legislations.