FATCA / CRS Training for Administrators

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This Course is designed for Administrators in any business to help raise awareness on The Foreign Account Tax Compliance Act (FATCA) and The Common Reporting Standard (CRS). The course covers the following topics:

  • Introduction to FATCA / CRS
  • Administrators responsibility
    • Why the role exists
    • When should reporting be completed by
  • Data Capture
    • Client onboarding
      • Self-certification
      • CDD Docs
      • W-8 Forms (Inc. W8-BEN-E)
      • High-Risk Countries and Investment Schemes
    • Reasonableness tests
      • Indicia
      • Curing
    • GIIN & TIIN
      • Validation
      • Placeholders
    • Data required for reporting
      • Who is captured
      • Beneficiary Types
  • Monitoring
    • Annual reporting checklists
    • Change of circumstance
    • Keeping up to date


FATCA and CRS represent the two main types of Automatic Exchange of Information (AEOI) that regulated financial services institutions need to be concerned with. Becoming part of these reporting frameworks is key to any jurisdiction remaining a viable financial services centre. Both FATCA & CRS have now been implemented, and whereas initial classification and reporting may have been carried out by a small team within an organisation it will be incumbent on all staff to be aware of FATCA/CRS requirements going forwards.

 

FATCA / CRS Awareness Training

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This Course is designed to raise awareness on The Foreign Account Tax Compliance Act (FATCA) and The Common Reporting Standard (CRS) and will cover the following topics:

  • Introducing FATCA
  • Introducing CRS
  • Implementing FATCA & CRS
  • FATCA Information & FATCA Accounts
  • CRS Information
  • FATCA Reporting
  • CRS Reporting
  • Points of Note

Revision materials are also provided for this Course which you will have access to before you take the "end of training examination".
(Pass mark 70%)

FATCA and CRS represent the two main types of Automatic Exchange of Information (AEOI) that regulated financial services institutions need to be concerned with. Becoming part of these reporting frameworks is key to any jurisdiction remaining a viable financial services centre. Both FATCA & CRS have now been implemented, and whereas initial classification and reporting may have been carried out by a small team within an organisation it will be incumbent on all staff to be aware of FATCA/CRS requirements going forwards.


An Introduction Video to the Course has been provided below: