FATCA & CRS Specialist (FCS) Certification

Course Overview: Comprehensive FATCA and CRS Specialist Certification Program

Unlock the expertise you need to implement and manage FATCA and CRS standards in your organization.
This in-depth globally recognized certification program offered by GCI Australia and accredited by The London Institute of Banking & Finance, UK,  that provides essential knowledge of FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standards), equipping professionals with the skills required for registration, documentation, due diligence, reporting, and compliance.

Key Learning Areas:

FATCA Agreements & Scope

• Understand FATCA agreements, including Model 1 IGA, Model 2 IGA, and FFI agreements.

• Classify entities and determine FATCA compliance requirements.

FATCA Registration Process

• Explore FATCA online registration, FI classification, and IDES registration.

• Learn the certification and renewal processes, and manage non-compliance risks.

FATCA Implementation (Documentation & Due Diligence)

• Establish a compliance framework with clear responsibilities for FATCA officers.

• Identify and manage reportable accounts, including pre-existing and new accounts.

• Understand documentation requirements, including Forms W-9, W-8BEN, and secrecy waivers.

FATCA Reporting

• Master reporting requirements and prepare various types of reports: entity, account holder, shareholder, and payment reporting.

• Learn pooled reporting for recalcitrant accounts and nil reporting.

Common Reporting Standards (CRS)

• Understand CRS’s purpose and participating jurisdictions.

• Manage compliance for pre-existing and new accounts (individuals and entities).

• Compare FATCA and CRS reporting standards and learn anti-avoidance rules.

Interactive Learning Components:

• Mock Compliance Audit: Evaluate regulatory risks and compliance documentation.

• Case Studies: Analyze real-world FATCA and CRS implementation scenarios.

• Role Play: Lead compliance efforts, identify gaps, and propose corrective measures.

• Q&A and Feedback Sessions: Engage with expert trainers to clarify complex topics.

Who Should Attend?

This program is designed for:

• FATCA & CRS Responsible Officers.

• Professionals in banking, insurance, brokerage, and financial institutions.

• Employees in central banks, tax departments, and financial sector regulatory authorities.

• Tax consultants, lawyers, and system providers of FATCA & CRS solutions.

Program Details:

• Training Dates: Monday, 20th Jan to Tuesday, 4th Feb 2025 (alternate days)

• Time:  Dubai: 10:00 AM to 2:00 PM (UAE Time, GMT+4)  |   India: 11:30 AM to 03.30 PM

• Singapore, Malaysia, Philippines : 2:00 PM  | Vietnam, Thailand: 1:00 PM |

• Duration: 30 hours of training (includes 10 hours for exam preparation with multiple mock tests).

• Proctored Exam: Saturday, 8th Feb 2025.  Pass Mark: 75% (50 multiple-choice questions).

• GCI Certification Fee: $499  + 30 Hours Training Fee: $350 = Total USD 849/- 

• Certification:  Obtain the prestigious FATCA & CRS Specialist (FCS) Certification upon successful completion of the proctored exam.

💡 Don’t miss this opportunity to advance your FATCA & CRS compliance expertise and career. Enroll now!

For further details book a meeting or, contact us at:  training@edudubai.org | +971 50 3130 946  | +91 9665 64 2862 |