Outlines

 

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

Who Should Attend

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

 

Duration

5 Days