CRS & FATCA Compliance & Reporting

Course description

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Due to the current travel restrictions we offer now 2 online live editions, each one consists of 2 sessions of 3 hours conducted over 2 days during the same week.  

20 & 23 Apr at 9 a.m.

9 & 11 Jun at 9 a.m.

It’s a live classroom experience where you will see the trainer and other participants and be able to take part in discussions, group exercises and Q&As. 

They are conducted by very senior experts with over 20 years of practical experience and are very practical and interactive and will include discussions, Q&As. All sessions are recorded so you can access them later and you will receive a set of course materials and certificate on completion.

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Automatic Exchange of Information (“AEOI”) has a direct impact on customers of Financial Institutions (‘FI’) and requires front-line client facing teams to be fully trained in managing relationships in a Common Reporting Standard (“CRS”) compliant manner. Customers’ details will be provided to HMRC and then forwarded to over 100 tax authorities across the globe. As the information will form the basis of tax enquiries, inaccurate reporting will seriously affect an FI’s reputation with its customers and the regulators.

This practical 1-day course provides a thorough examination of both FATCA and CRS regulations. You will learn about the requirements and practical solutions for compliance, reporting obligations, customer classification process and due diligence as well as how to best set up the framework and ensure best operational and governance practices. Conducted by experts with many years of practical experience from the sector you will have a chance to learn about best practices and compliance standards.

The training course is suitable for front-office staff members, compliance/legal, finance and operations staff, as well as independent consultants requiring carrying specific tasks.

What will you learn

By the end of the programme you will:

  • Understand the scope and impact of FATCA/CRS reporting regimes as well as differences and similarities between them
  • Learn about customer identification, due diligence and classificationUnderstand the reporting requirements for entities and accounts in scope
  • Learn the best compliance and reporting practices
  • Implementation strategies for FATCA/CRS frameworks
  • Full understanding for the front-line staff of the change in their role and responsibilities as required by CRS regime (i.e., on-boarding, indicia and associated curing, reporting)
  • The impact of FATCA and CRS on your work routine

Main topics covered during this training

  • Background to the AEoI regimes and key differences
  • Impact of FATCA/CRS on the Financial Services Industry
  • Reportable information and timelines
  • Entities and accounts in scope
  • Customer due diligence: new accounts, pre-existing accounts and on-going monitoring
  • Practical aspects including classification of reportable institutions and clients
  • Due diligence requirements and identification of reportable accounts
  • Indicia and associated curing
  • Best practices and practical reporting considerations
  • Setting up effective governance framework
  • Controls over the reporting process
  • Key factors for FATCA and CRS reporting and compliance obligations
  • Implementation challenges
  • Role of the relationship manager
  • Notification obligations to customers
  • Reporting obligations and schemas
  • Use of reported information by tax authorities

Who should attend

This one day program is relevant for:

  • Financial Officers
  • Compliance Officers
  • Risk Management Professionals
  • External & Internal Auditors
  • Operations Managers / Officers
  • Project Managers
  • Back Office Professionals
  • Wealth Managers and Private Banking Professionals
  • Lawyers
  • Consultants
  • Accountants
  • Staff with roles and responsibilities in operational, businesses and central departments

CRS & FATCA Compliance & Reporting - A 1 Day Training Course

Start: 9 a.m.

  • Background to the AEoI regimes and key differences
  • Impact of FATCA/CRS on the Financial Services Industry
  • Reportable information and timelines
  • Definition of Reporting Financial Institutions, classification and evaluation of different cases
  • Review of Non-Reporting Financial Institutions
  • Definition of Reporting Financial Accounts, classification and evaluation of different cases, exemptions
  • Entities and accounts in scope
  • Customer due diligence: new accounts, pre-existing accounts and on-going monitoring
  • Practical aspects including classification of reportable institutions and clients
  • Due diligence requirements and identification of reportable accounts
  • Indicia and associated curing
  • Best practices in working with and complying with requirements
  • Setting up effective governance framework
  • Practical reporting considerations
  • Controls over the reporting process
  • Key factors for FATCA and CRS reporting and compliance obligations
  • Implementation challenges
  • Role of the relationship manager
  • Notification obligations to customers
  • Reporting obligations and schemas
  • Use of reported information by tax authorities
  • Q&A

Finish around 4.30 p.m.

 

Trainer

Ali is a leading expert in the field of banking group taxes, with extensive exposure gained as Head of Tax at Barclays Global Investors, which included the development of in-house tax policies and tax technical interpretations. He is a Chartered Tax Adviser with over 25 years’ experience in both Big 4 and industry. Ali is a regular speaker at conferences has also written on wide range of topics including QI, AEoI (FATCA, CDOT and CRS).

Ahmed has significant experience of the FATCA / CRS and Qualified Intermediary regimes and combines his tax technical, operational and information systems expertise to assist financial institutions with transformational projects. Ahmed is a PRINCE 2 qualified practitioner and sits on multiple CRS project steering committees to provide his clients CRS SME support. He has also worked for global banking groups in custody and treasury functions.

 

FAQ

We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.

Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.

In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.

Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.

In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).

In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.

Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.

Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.

Dress code is smart casual.

All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.

The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.

We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.

In order to understand your requirements and expectations, we will send you a pre-course questionnaire.

You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.

There are 2 easy ways to register:

  1. Go to the course of your choice and click Register Now button to fill the registration page
  2. Email us to enquiry@eurekafinancial.com

After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.

If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.

We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.

We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.

You can pay by:

  • Making a bank transfer
  • Debit/credit card
  • Cheque payable to Eureka Financial Ltd. - only within UK

Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.

If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.

Included in the price of a public course are:

  • Course tutorial
  • Take away course materials
  • Course Certificate
  • Lunch on the days of the training as well as drinks and snacks throughout the course

The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.

Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.

If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.

If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.

See our Customer Loyalty Discounts page for more details.

All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.

You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:

For Delegates coming from the EU countries

If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the UK
  • You don't make any supplies in the UK

You can find some more information here. In order to claim the VAT you have to fill Form 65.

For the Delegates from Non EU countries

If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:

  • You're not registered for VAT in the UK and don't have to, or can't be, registered here
  • You don't have a place of business or a residence in the EU
  • You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
  • You don't make any supplies in the UK

If the following rules apply to you, please fill the 65A form and send it to HMRC.

If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 20 working days before the training, you can transfer your booking to another course within the next 6 months for an additional fee of 25% of the full course value. Please note that you can only transfer once.

Alternatively, for cancellations requests received more than 20 working days before the course date we will offer a refund less an administration fee of 10% of the course price.

We regret that no refunds can be given after this period. Non-attendance without any notification will be charged at full rate.

Cancellations must be made in writing and reach our office 20 working days prior to the course date.

Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.

All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.

Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.

Yes, you will receive a Certificate of Attendance at the end of the course you attend.

If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.

It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.

Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.

We will need the following information to issue an invitation letter:

  • Full name as it appears on your passport
  • Date of birth
  • Passport number
  • Passport issue date
  • Passport expiry date

20 - 23 Apr 2020, Online

Register by 08 Apr to save £25

Early bird price £695 + VAT

Regular price £720 + VAT


5% discount for 2 and 10% for 3 people. There's no VAT charge if you are based outside EU.


9 - 11 Jun 2020, Online

Register by 08 Apr to save £25

Early bird price £695 + VAT

Regular price £720 + VAT


5% discount for 2 and 10% for 3 people. There's no VAT charge if you are based outside of the EU.


16 Jul 2020, London

Register by 30 Apr to save £200

Early bird price £750 + VAT

Regular price £950 + VAT


10% discount for 3 people


This topic can be arranged on in-house basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements


WHAT PAST DELEGATES SAY

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