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FATCA Compliance for Financial Institutions and Individuals

FATCA Compliance for Financial Institutions and Individuals

$199.00
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Includes a practical, ready-to-use toolkit with implementation templates, worksheets, checklists, and decision-support materials so you can apply what you learn immediately - no additional setup required.
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FATCA Compliance for Financial Institutions and Individuals Course Curriculum



Course Overview

This comprehensive course is designed to provide financial institutions and individuals with a deep understanding of FATCA compliance, its requirements, and its implications. The course is interactive, engaging, and practical, with real-world applications and expert instruction.



Course Outline

The course is divided into 12 modules, each covering a critical aspect of FATCA compliance.

  • Module 1: Introduction to FATCA
    • History and background of FATCA
    • Purpose and scope of FATCA
    • Key definitions and terminology
  • Module 2: Understanding FATCA Requirements
    • Registration requirements for financial institutions
    • Due diligence requirements for financial institutions
    • Reporting requirements for financial institutions
  • Module 3: Identifying Reportable Accounts
    • Definition of a reportable account
    • Identifying US persons and US-owned entities
    • Due diligence procedures for identifying reportable accounts
  • Module 4: FATCA Classification of Financial Institutions
    • Definition of a financial institution
    • Classification of financial institutions under FATCA
    • Implications of different classifications
  • Module 5: Registration and GIIN
    • Registration process for financial institutions
    • Obtaining a GIIN
    • Maintaining GIIN registration
  • Module 6: Due Diligence Procedures
    • Pre-existing account due diligence
    • New account due diligence
    • Electronic due diligence procedures
  • Module 7: Reporting Requirements
    • Reporting requirements for financial institutions
    • Information to be reported
    • Reporting formats and timelines
  • Module 8: FATCA Compliance for Individuals
    • Understanding FATCA implications for individuals
    • FATCA reporting requirements for individuals
    • Penalties and consequences of non-compliance
  • Module 9: Implementing FATCA Compliance
    • Developing a FATCA compliance program
    • Training and awareness for employees
    • Ongoing monitoring and review
  • Module 10: Managing FATCA Risks
    • Identifying and assessing FATCA risks
    • Mitigating FATCA risks
    • Responding to FATCA-related issues
  • Module 11: FATCA and Other Regulations
    • Interaction between FATCA and other regulations (e.g. GDPR, AML/KYC)
    • Implications of other regulations on FATCA compliance
  • Module 12: Best Practices for Ongoing FATCA Compliance
    • Maintaining ongoing FATCA compliance
    • Staying up-to-date with FATCA developments
    • Best practices for FATCA compliance


Course Features

This course is designed to be interactive, engaging, and comprehensive, with:

  • Bite-sized lessons to facilitate learning
  • Hands-on projects to apply knowledge
  • Expert instructors with real-world experience
  • Personalized feedback and support
  • Lifetime access to course materials
  • Mobile accessibility to learn on-the-go
  • Community-driven discussion forums
  • Gamification to enhance engagement
  • Progress tracking to monitor your progress


Certification

Upon completion of the course, participants will receive a certificate issued by The Art of Service, demonstrating their expertise in FATCA compliance.



Course Benefits

By completing this course, participants will:

  • Gain a deep understanding of FATCA compliance requirements
  • Develop practical skills for implementing FATCA compliance
  • Enhance their knowledge of FATCA implications for financial institutions and individuals
  • Stay up-to-date with the latest FATCA developments and best practices
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