Event Information
- Event Type: Webinar
- Delivery Channel: Virtual
- Date: 22/11/2023 - 22/11/2023
- Duration: 1Hours
Event Description
Free Webinar - FATCA & CRS
Free virtual session on the 22nd of November 2023 at 1:00 PM London, 08:00 AM New York, 5:00 PM Dubai, 2:00 PM Paris, 9:00 PM Hong Kong.
The U.S. Foreign Account Tax Compliance Act requires financial institutions (Such as Banks, Brokerage firms, Financial Investment entities, and specified insurance companies) in other countries to report to the IRS information about financial accounts held by U.S. taxpayers.
Non-U.S. financial institutions (known as Foreign Financial Institutions - FFIs) are required to report U.S. persons' account information directly to the IRS or their competent local authority if the country has an Intergovernmental Agreement (IGA) with the IRS.
Vast amounts of money are kept offshore and go untaxed. Offshore tax evasion is a serious global issue. Many countries have sought to protect the integrity of their tax systems and apply regulations similar to the FATCA regulations imposed by the USA for the benefit of their own state to collect information about their taxpayers across the globe. The CRS draws extensively on the intergovernmental approach to implementing FATCA.
This webinar will assist you in understanding FATCA & CRS and how exactly you can implement their requirements, including Registration, Documentation, Due diligence, Implementation and reporting.
Expert Trainer
Peter Cotorceanu
CEO and Founder of G&TCA.
Peter advises financial institutions and individuals around the globe on the implementation of FATCA and CRS. Peter also provides cross-border U.S. tax advice for high-net-worth individuals with U.S. connections. He is the CEO and Founder of GATCA & Trusts Compliance Associates LLC (G&TCA) and creator of the website www.gatcaandtrusts.com
From Aug. 2014 to June 2020, Peter was also Of Counsel to Anaford Attorneys at Law in Zurich. Before returning to private practice in 2014, Peter worked for UBS in Zurich as Head of Wealth Structuring for Ultra-High-Net-Worth clients and Head of Product Management for Trusts and Foundations. In the latter role, Peter was responsible for implementing FATCA for UBS’s trust companies in the Bahamas, the Cayman Islands, Jersey, and Singapore. Prior to working for UBS, Peter was as an attorney in Baker & McKenzie’s Zurich office. Peter was also a law professor, both full-time and part-time, for several years in the U.S. He is licenced to practice in Maryland and Virginia and before the U.S. Tax Court. Peter is also a New Zealand barrister and solicitor. All of Peter’s law licences are active.
Ross McGill
Subject Matter Expert, Expert Witness, Consultant, Author
Subject Matter Expert, Expert Witness, Consultant, Author. Tax, Compliance, QI, FATCA, CRS/AEoI, MiFID II, GDPR, DAC6, BEPS, Tax Process Benchmarking, Founder: Tax Compliance Toolkit. Founder AQAI A seasoned professional in this space… Subject matter expert in QI/FATCA and CRS/AEoI operational compliance. Subject matter expert in DAC6/MDR Subject matter expert in cross border withholding tax. Subject matter expert in MiFID II Frequent public speaker Business and Product strategist Author of 10 books, 2 in second editions 39 years senior management experience in blue chip FMCG including sales, marketing and operations;
Sanjay Prabhu
Head of Training and Strategy Crowe Academy
Corporate trainer and Head of Strategy at Crowe Academy, Dubai
30+ years in commercial banking operations, AML/CTF COMPLIANCE, financial crime and risk management.
