A COMPILATION OF COMPREHSESSIONSENSIVE LEARNING SOLUTIONS, CUSTOMISED TRAINING SESSIONS, SPECIALISED WORKSHOPS AND COACHING
Training Session
THURSDAY
Feb 23, 2023
9:00 AM
To
THURSDAY
Feb 23, 2023
12:30 PM
WHERE ?
Arendt House
41 Avenue John F. Kennedy
L-2082 Luxembourg-Kirchberg
WHO ?
speakers
Nicola
Losito
Lucile
Dos Santos
Objectives
At the end of this training session (complete day), the participants will be able to understand the key concepts and procedures needed to handle on a day-to-day basis the various obligations stemming from the Luxembourg law provisions implementing the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS), with a specific focus on the fund industry.
The training consists of 2 sessions:
- 3,5 hours to go through the theory (with a bit of practice)
- 3,5 hours to go through the practice (with a bit of theory)
Attending both sessions is highly recommend but not mandatory.
Content
History and Background
- FATCA & CRS
- Luxembourg context
Definition of Reportable Persons
- US Persons and Specified US Persons
- CRS Reportable Persons
Classification of Entities
- Financial Institutions
- Non-Financial (Foreign) Entities
- Controlling Persons
Due Diligence and Reporting Obligations and Procedures
- Financial Accounts and Account Holders
- Due diligence for pre-existing and new accounts
- Reporting procedures
Data Protection in the context of FATCA and CRS
Practical Cases
Speakers
Nicola Losito (Director, Arendt Regulatory & Consulting)
Lucile Dos Santos (Senior Associate, Tax Law, Arendt & Medernach).
Target Group
People in charge of KYC and Compliance aspects, board members of Luxembourg investment structures, legal officers.
Duration
3, 5 hours
Language
English
Price
550€
(rebate of 150 EUR on total budget if you join also the afternoon session)