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.
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
Nicola Losito (Director, Arendt Regulatory & Consulting)
Lucile Dos Santos (Senior Associate, Tax Law, Arendt & Medernach).
People in charge of KYC and Compliance aspects, board members of Luxembourg investment structures, legal officers.
3, 5 hours
(rebate of 150 EUR on total budget if you join also the afternoon session)
For more information please contact us by e-mail at firstname.lastname@example.org