Crowe UAE Academy

Understanding FATCA Agreement & Scope

Classification of Entities

Case study (Evaluating FATCA compliance for financial institutions in different jurisdictions)

Interactive Quiz (Module 1 FATCA Agreement & Scope)

FATCA online registration, receive GIIN approval

IDES Online registration process

Role of Responsible Officer in FATCA Compliance

Consequences of non compliance with FATCA

Interactive Quiz (Module 2 FATCA Registration process)

Compliance Framework, Roles & responsibilities of FATCA officer, FATCA documentation forms

Due diligence procedure (Individual Account)

Due diligence procedure (Entity Account)

Interactive Quiz (Module 3 FATCA Implementation)

Case study A,B,C

Fatca reporting requirements

Five reports in Fatca

Nil reporting, Preparing XML files, IDES gateway

Interactive questions (Module 4 Fatca reporting)

Standards, Reportable under information CRS, Reporting Financial Institution

Pre-existing Individual accounts, Curing procedure

Pre-existing entity account threshold

Duediligence for new accounts

Entities under CRS

Self certification , Validity and requirements, Validity duration, TIN Unavailability

Examples

Reasonableness of Self-Certifications Process & Treatment of Power of Attorney (POA) Accounts

FATCA and CRS Comparisons

Reporting requirements under CRS, Tips for CRS, & Anti-avoidance rules in CRS implementation

Interactive quiz (Module 5 common reporting standards)