Introduction to FATCA CRS

This training is suitable for both beginners and professionals wishing to deepen their knowledge.

• Understand the international regulatory frameworks FATCA and CRS
• Identify the financial institutions and accounts concerned
• Apply due diligence and tax classification obligations
• Understand reporting procedures and associated deadlines
• Implement governance and internal control measures to ensure compliance

1. Context and Principles of FATCA / CRS
International context and global tax transparency
Objectives and scope of FATCA and CRS
Similarities and differences between the two frameworks
2. Classification of Entities and Accounts
Financial institutions: reporting vs non-reporting entities
Account holders: individuals and legal entities
Pre-existing vs new accounts, active vs passive entities
Identification of controlling persons
3. Due Diligence and Documentation
Account reviews and collection of self-certifications
Tax forms and handling changes in circumstances
Documentation to support tax classifications
4. Reporting Process
Identification of reportable accounts
Preparation and submission of FATCA and CRS reports
Types of data to report and deadlines
5. Governance and Internal Control
Policies, procedures, and roles to ensure compliance
Operational risks related to data quality and reporting

• FATCA and CRS regulatory frameworks
• Classification of institutions and accounts
• Due diligence and tax documentation
• Reporting process and automatic information exchange
• Governance, internal controls, and risk management

Certificate of attendance.