Understanding and Implementing FATCA

 What will you learn at this course?

 
Day One - Understanding the principles:
 
• Understand how FATCA has evolved and examine potential future developments
• Benefit from a thorough insight into the HIRE Act
• Learn the relevance of the definitions included in the Act
• Distinguishing between FFIs and NFFEs and their responsibilities
• Analyse the IRS guidance and discuss the implications
• Hear about the legal restraints and what it means for your business
 
Day Two - Successful implementation:
 
• Defining your IRS status and responding accordingly
• Dealing with documentation: designing your approach for existing and new clients
• Withholding: the practicalities and requirements
• Preparing for the first reporting in 2014: what needs to be put in place?
• Overcoming the challenge of gathering the appropriate data
• Effectively dealing with overlapping requirements