Tax aspects of investors onboarding: DAC6 to DAC8, FATCA/CRS and AML

How long does the training course last?

2,00 hours(s)

In which language(s) is the training course taught?

DE EN FR

When will the next session take place?

Who is organising this training course?

PwC Academy leverages PwC’s expertise to deliver world-class learning experiences to organizations across all industries and regions. Our objective is to help professionals develop their knowledge, skills, competencies, and expertise, enabling them to support and drive the growth of their organizations.

Who is the training course aimed at?

This training is designed for all lines of defence of the financial industry: from board members to compliance officers and members of KYC units.

What are the aims or the skills being targeted?

In a more and more complex tax regulatory environment, procedures, processes and IT systems are superseding each other, sometimes lacking an overarching tax governance architecture: this raises the probability of failing to identify or report some tax risks as required. Simultaneously, the more stringent regulatory requirements contribute to client and investor frustrations due to delays in the processing of their requests, particularly in case of client on-boarding.

By the end of this training, participants will be able to:

recognise when interactions between DAC6 (and more recent DAC7 and 8), AML, withholding tax and FATCA/CRS should be considered;
grasp the risks associated with the not properly and timely assessing these interactions in their client/investor on-boarding process;
document a client's tax compliance in a more streamlined manner.

What does the training course cover?

This module covers the following:

Onboarding of the client under the different regulations: obligations and best practice
Where are my risks? Practical examples
When do I need to ask for a tax memo?
Optimisation of the onboarding process as part of the tax governance function

What will you receive at the end of the training course?

An attendance certificate will be sent to participants.

What other information is useful to know?

This training will be coordinated by Pierre Kirsch, Partner at PwC Luxembourg.

Pierre Kirsch is a partner in the Luxembourg financial services tax practice with over 30 years of experience serving clients in banking, insurance, and asset management. He leads a team specialising in tax compliance analysis for onboarding banking clients and investors into complex alternative fund structures. Pierre and his team advise financial sector actors in Luxembourg and internationally, helping clients review onboarding and tax reporting processes, implement controls, and define organisational roles. He contributed to establishing PwC Regulated Solutions S.à r.l., managing daily operations, and supports PwC’s financial services clients with consulting and reporting on operational taxes including FATCA, CRS, QI, and CbCR..