Course Outline
Introduction to CRS and Global Tax Transparency
- The origins and objectives of the CRS and Automatic Exchange of Information (AEOI)
- Identifying Reporting Financial Institutions and the scope of reportable accounts
- Examining the relationship between CRS and FATCA, including areas of overlap and divergence
Legal & Regulatory Framework
- Jurisdictional implementation models and legal instruments (MCAA, domestic laws)
- Recent consolidated texts and amendments affecting due diligence scope
- Compliance duties, deadlines, and penalties associated with non-adherence
Due Diligence Fundamentals: Identifying Tax Residency
- Essential documentation: self-certifications and reliable documentary evidence
- Indicia search procedures applicable to new and existing accounts
- Broadening the due diligence approach and leveraging AML/KYC data to establish tax residence
Operationalizing CRS: Onboarding, Data Capture, and Systems
- Embedding CRS checks into client onboarding and periodic review processes
- Key data elements for reporting, with a focus on data quality and retention strategies
- Comparing automation and vendor tools against manual processes; specific considerations for service providers
FATCA-like Requirements and Comparative Best Practices
- Shared characteristics with FATCA, including classification, reporting mechanics, and entity/beneficiary treatment
- Key differences to address, such as scope and jurisdictional variations between bilateral and multilateral implementations
- Practical mapping exercises: translating FATCA controls into CRS-compliant processes
Reporting, Exchange Mechanisms, and Audit Readiness
- CRS report formats, transmission channels, and jurisdictional submission requirements
- Preparing for audits and regulator reviews through documentation, traceability, and due diligence evidence
- Examples of 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 exception handling for complex entity accounts
- Remediation strategies and multi-jurisdiction coordination for legacy accounts
Practical Labs and Case Studies
- Lab: Assess and validate sample account files and self-certifications to determine reportability
- Lab: Set up a basic data-extraction and reporting checklist to generate a mock CRS XML extract
- Case study: Managing complex entity structures, trusts, and controlling persons under CRS rules
Summary and Next Steps
Requirements
- Foundational knowledge of financial services or compliance operations
- Basic familiarity with tax principles and client onboarding
- Experience with AML/KYC procedures is advantageous but not mandatory
Target Audience
- Compliance officers and legal departments
- Onboarding, KYC, and client due diligence teams
- Tax reporting and operational staff 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 3200 € + 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
