Course Outline
Introduction to CRS and Global Tax Transparency
- The origins and intent of CRS and Automatic Exchange of Information (AEOI)
- Identifying Reporting Financial Institutions and the scope of reportable accounts
- The relationship between CRS and FATCA, highlighting overlaps and distinctions
Legal & Regulatory Landscape
- Jurisdictional implementation models and legal instruments (MCAA, domestic laws)
- Recent consolidated texts and amendments affecting due diligence and scope
- Compliance mandates, deadlines, and penalties for non-adherence
Due Diligence Essentials: Determining Tax Residency
- Necessary documentation: self-certifications and reliable supporting evidence
- Indicia search procedures for both new and existing accounts
- A broader due diligence approach, utilizing AML/KYC data to establish tax residence
Operationalizing CRS: Onboarding, Data Management, and Systems
- Embedding CRS checks into client onboarding and periodic review workflows
- Essential data elements for reporting and strategies for data quality and retention
- Evaluating automation and vendor tools against manual processes; implications for service providers
FATCA-like Requirements and Comparative Best Practices
- Shared elements with FATCA (entity classification, reporting mechanics, beneficiary treatment)
- Key differences to address (scope, bilateral vs. multilateral approaches, jurisdictional variations)
- Practical mapping exercises: adapting FATCA controls to ensure CRS compliance
Reporting, Exchange Protocols, and Audit Readiness
- Reporting formats and transmission channels; specific jurisdictional submission requirements
- Preparing for audits and regulatory reviews: documentation, traceability, and evidence of diligence
- Illustrative reporting workflows and reconciliation checks
Risk Management, Governance, and Internal Controls
- Establishing governance frameworks, policies, and segregation of duties for CRS compliance
- Training, quality assurance, and managing exceptions for complex/entity accounts
- Remediation strategies and multi-jurisdiction coordination for legacy accounts
Practical Labs and Case Studies
- Lab: Review and validate sample account files and self-certifications to determine reportability
- Lab: Set up a basic data-extraction and reporting checklist; generate a mock CRS XML extract
- Case study: Managing complex entity structures, trusts, and controlling persons under CRS rules
Conclusion and Future Actions
Requirements
- Foundational knowledge of financial services or compliance operations
- Basic understanding of tax principles and client onboarding procedures
- Background in AML/KYC processes is advantageous, though not mandatory
Target Audience
- Compliance officers and legal department members
- Staff responsible for onboarding, KYC, and client due diligence
- Tax reporting and operations teams within financial institutions
Custom Corporate Training
Training solutions designed exclusively for businesses.
- Customized Content: We adapt the syllabus and practical exercises to the real goals and needs of your project.
- Flexible Schedule: Dates and times adapted to your team's agenda.
- Format: Online (live), In-company (at your offices), or Hybrid.
Price per private group, online live training, starting from 2600 € + VAT*
Contact us for an exact quote and to hear our latest promotions
Testimonials (3)
How to manage business financials
surprise mtileni - Hatima Holdings (Pty) ltd
Course - Learning Xero
Flexibility in the course delivery and the interactive approach. The trainer was open to questions, clarified doubts clearly and also considered participants suggestions during the sessions. The training was well structured and informative.
Soundarya Mohan - Mizuho Bank Europe N.V.
Course - Financial Analysis in Excel
Good communication, open for discussion, kept it interesting and engaging
