Research and Markets has added a new training course, “CRS & FATCA Compliance & Reporting,” to its portfolio. 

Scheduled for 24 March 2025, the one-day course will provide financial professionals with an understanding of Common Reporting Standard (CRS) and the Foreign Account Tax Compliance Act (FATCA) regulations.  

This online programme is designed to serve various professionals such as accountants, wealth managers, external and internal auditors. 

Experts with practical experience from the sector will conduct the course, offering insights into best practices and compliance standards.  

The programme is structured to elucidate the scope and impact of FATCA/CRS reporting regimes, highlighting the differences and similarities between the two. 

Participants will learn about reporting requirements for entities and accounts within the scope of these regulations.  

The course also addresses the implementation strategies for FATCA/CRS frameworks and provides a full understanding of the changes in roles and responsibilities required by the CRS regime. 

The agenda includes topics such as the impact of FATCA/CRS on the Financial Services Industry, the background to the Automatic Exchange of Information (AEOI) regimes, and more. 

AEOI directly affects the customers of financial institutions , requiring front-line client-facing teams to be trained in handling relationships in accordance with the CRS. 

The programme also covers topics such as key differences, reportable information and timelines, customer due diligence, and practical aspects including classification of reportable institutions and clients. 

It further encompasses reporting obligations, customer classification and the establishment of effective frameworks and operational governance practices.