CATEGORY TYPE: Finance & Accounting

COURSE NAME:FATCA - Foreign Account Tax Compliance Act


 24-03-2019  28-03-2019  Dammam/Saudi Arabia Register
 13-10-2019  17-10-2019  Riyadh/Saudi Arabia Register


With the clock ticking on FATCA compliance, are you confident that your organization is ready to meet the requirements within the signaled timeframes?

FATCA is not simply a tax issue. Compliance with the Act will affect financial institutions across a wide range of areas such as compliance, risk, operations, tax, legal and IT departments.



What you need to know about FATCA

  • Overview of FATCA
  • Types of entities impacted by FATCA
  • Implementation timeline – key dates you must know
  • Impact of IGA
  • Localized exemptions
  • Enforcement measures
  • How the shift to automatic exchange of information between tax administrations affects New financial institutions?
  • Impact on non-financial entities

2. FATCA obligations for financial institutions

  • What affected entities need to do to comply with FATCA
  • Registration as a financial institute with the IRS and IRD
  • Obligations for identifying and reporting on US Reportable Accounts held by entities and individuals
  • How it applies to different types of accounts
  • What to be aware of if you are dealing with non-compliant entities


3. FATCA reporting and disclosures

  • Withholding forms and self-certifications
  • Gathering and delivering appropriate withholding certificates
  • Reporting to the IRD


4. Mitigating the risk of FATCA withholding

  • Withholding obligations
  • Reviewing legal agreements to identify exposures to FATCA withholding
  • Developing processes and governance to mitigate against FATCA non-compliance
  • Collecting and distributing appropriate documentation

 5. Impact on business models and structures

  • Who should lead the implementation and operation?
  • Interdepartmental coordination and consultation
  • Determining the best approach given your organizational structure and particular FATCA challenges
  • Allocating resources
  • Leveraging AML compliance programmers

6. Case studies and discussions

  • Banks & other Financial Institutions
  • Insurance companies
  • Independent Financial Advisors
  • Custodians
  • Fund Administrators & Managers
  • Trustees
  • Anyone who offers Trust account services


    • 5 Day(s)

    The presentation is generally appealing to me. The dedication & devotion of the instructor are both laudable & admirable.
    Mohammed F. Alotaibi

    Really this course is important for any inspector, so I will recommended it for our employees. And thanks a lot!
    Ahmed Al-Yami

    You are doing excellent bringing such very talented instructor. Please keep it up.
    Ahmed Afifi
    Al-Zamil CoolCare

    I would like to appreciate you as well as the instructor for a good training due to the fact that the helping to gain new information about the types of valve with advantages and disadvantage as well. Many thinking.
    Zaki Ali Aldawood

    This course was very beneficial and helpful to understand one of the Major NDT method. I encourage ITC to continue with this performance.
    Talal Saad AlHasawi

    ITC service was in overall excellent. Thanks.
    Wael M. Morsy

    This course was good and a nice guide to the PMP exam. Thanks.
    Yazeed Mohamed Mreki
    General Authority of Civil Aviation (GACA)

    It was good course & good preparation with excellent instructor. Thanks a lot.
    Faisal Mahdi Al-Qahtani

    It was a nice course to have. I suggest taking this course with the same instructor to other people. Thanks for the instructor for his kindness & helfull during the course.
    Abdul-Moniem Al-Humoud

    It is very important course, which enable us to improve our knowledge to work approaching our big account and can be recall us the key account. This is will support us to active result for the best of the Co.
    Mohammed Amjad
    Al-Suwadi Services

    The instructor is highly and technical knowledgeable in explaining all the subject in the course taken.
    Noel V. Garan
    Coldstorec Group Of Saudi Arabia

    Instructor was well prepared and knowledgeable I gain lot of useful information.
    Gulam Khan
    Saudi Aramco

    It was a good learning experience. Got to know the concept involved in key account.
    Muthuraman Nachiappan
    Al-Suwadi Services

    The instructor Mr. Ahmed Sabry has a very nice spirit.
    Salam Fakhoury
    Al Khodari Company

    It is very useful to us and increase our knowledge.
    Mohammed Rashed Afifi
    Al Khodari Company

    The course is excellent and helpful. It help me in organizing the work in more safe manner.
    Muzammil Hayat
    Al Khodari Company

    The instructor is very knowledge and hard working, his way of teaching is very good.
    Ibrahim Darwish
    Al Khodari Company