Foreign Account Tax Compliance Act (FATCA)

In this eLearning you will be guided through different modules by assuming a role in a financial institution, where you need to manage international, FATCA-associated clients.

By the end of this training, you will be able to:

• Understand the key principles of FATCA;
• Understand the processes and obligations;
• Be aware of withholding and reporting requirements;
• Understand the responsibilities linked to the treatment of such data; and
• Understand the main differences between FATCA, QI, and CRS.

1. Introduction

• Definition and objectives of FATCA
• Context and background
• IGA models.

2. Classification I

• U.S. indicia
• FFI vs. NFFE
• Financial account/ controlling person.

3. Classification II

• FATCA self-certification (W9, W8-BEN,…)
• Reasonableness test
• Change in circumstances.

4. Withholding and reporting

• Withholding
• Data protection
• Reporting.

5. Country specifics and comparison

• Comparison: FATCA vs. CRS and QI.

6 Knowledge check

• Random selection of questions.

DLearn offers a dynamic approach to digital learning:

• All sessions are modular and easy to customize to perfectly fit your needs
• The units (maximum 15 minutes) are incorporated in an interactive storyline.

At the end of this eLearning, the learner will be evaluated on the topic via a knowledge check.

Our FATCA eLearning is part of our CSSF MiFID II training program. An official certificate will be delivered upon validation.

All our eLearnings are customizable for any industry.