تفاصيل الدورة
The Foreign Account Tax Compliance Act (FATCA) is a U.S. legislation enacted by US Congress to improve the tax compliance by ?US Persons? who have financial accounts or investments with foreign financial institutions. The draft FATCA rules are wide-ranging and will force global financial institutions including most Bahraini banks and financial institutions to report details of their clients who are considered as US Persons to US tax authorities. Its implementation represents a complex and costly compliance task for non US banks. This one day course is specifically designed to provide participants an overview of key provisions and requirements of FATCA.
Learning Outcomes
On successful completion of this course, participants should understand:
- Timeline for implementation of FATCA
- Salient features of FATCA
- Key considerations in planning FATCA Implementation
- How FATCA will impact Retail, wholesale & Islamic banks
- What are FFI’s (Foreign Financial Entities)
- Role of IGA (Intergovernmental Agreement) in FATCA implementation
- What is covered under “Extended Affiliate Group”
- Need to update AML/ KYC framework to fully comply with provisions of FATCA
Target Audience
This course is targeted at staff in managerial to middle managerial level positions that will be involved in FATCA implementation, but will also be useful for anyone wanting to become familiar with the provisions and key requirements of FATCA.
Entry Requirements
None required
تحديث بتاريخ 08 November, 2015الموقع
نبذة عن معهد Bahrain Institute for Banking & Finance
We_They plays a vital role in the training and development of human capital in the Kingdom of Bahrain. Our commitment to excellence has strengthened our position as the top provider of quality education across all major business disciplines. We serve as a partner to numerous world-class institutions; delivering thought leadership, research and advisory, assessment and training in the areas of Accounting and Finance, Academic, Executive Development, Banking, Leadership and Management, Insurance, Islamic Finance and Information Technology; resulting in a complete business solution.
We_They covers a wide spectrum of subject matter, with over 300 different courses offered to the financial and corporate market; tailor-made training solutions based on organisational requirements; specialised programmes taught by leading market specialists; and professional qualifications and degree programmes in partnership with major international organisations.
We_They continues to exceed global benchmarks for many of the qualifications it offers with its affiliates.
Since its inception in 1981, We_They has grown from training 450 applicants a year primarily within the banking industry, to 20,000 drawing participants from all sectors of the economy, and are proud to have qualified over 200,000 learners in the last 3 decades.
Our faculty comprise of market practitioners, academics and qualified senior industry professionals. Their perse backgrounds ensure an enriched participant experience, striking the perfect balance between theory and practice.
We_They has made its mark internationally with clients in Asia, Africa, Europe, USA and the Middle East, well on its way to becoming the global institute of choice.
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