Global Compliance Institute (GCI) is an International Financial Crime Prevention and Compliance Training Institute.
We help you build the practical skills you need to keep up with all the latest industry and technological developments in the ever-evolving compliance arena.
The aim of this programme is to analyse the two main regulations currently in place regarding the United States’ Foreign Account Tax Compliance Act as an automatic exchange of financial account information for tax purposes, as well as the impact of its provisions on financial institutions.
The FATCA´s legal framework is presently global transparency initiatives that require Foreign Financial Institutions to automatically report financial account information of specific account holders that are subject to reporting, as per the content of the regulations. Financial Institutions are instructed to implement exhaustive due diligence measures intending to hinder any attempt by account holders to bypass the reporting. The FATCA obligations are therefore an expansion of the pre-existing know-your-customer (KYC) requirements that Financial Institutions have to fulfil, mainly due to the added need for constant monitoring and reviewing of account holders’ information and accounts, whereas KYC processes often simply follow a model of periodic reviews based on clients’ risk-rating.
This programme focuses on identification of legal obligations for Financial Institutions regarding the U.S. law commonly referred as FATCA. This programme describes the FATCA´s legal framework following with the description of the legal obligations and their weak spots. In the practical part of the programme, the acquired knowledge is used on resolving practical case studies.
FATCA and CRS In Practice
Who Should Attend
The programme is also ideal for all those who aim to obtain their CPD training, as required by CySEC, CyBAR, and the ICPAC.
The programme is designed to deliver knowledge and enhance participants’ skills via short lectures, case-studies, practical examples, real-life simulations. Most of the training will focus in assessing participants’ current strengths and weaknesses via formal assessment tools. Participants will also benefit from customised feedback at the end of the programme and take away the knowledge gained to be transferred at their workplace. Most of the training’s time will be invested in analysing a real-life case study that will help participants understand how to solve problems in similar occasions. Participants will engage in exchange of ideas and sharing of knowledge on the subject matter. Participants will also be able to ask questions and obtain clarifications from the trainer on all the material covered.
This programme may be approved for up to 14 CPD units in Financial Regulation. Eligibility criteria and CPD Units are verified directly by your association, regulator or other bodies which you hold membership.
Exam Duration: 60 Minutes
Number of Questions: 50
Type of Question: Multiple Choice
Pass Mark: 75/100
The result appears directly, once you submit your answers. The certificate will be issued instantly, and sent to your email address You can ask GCI to send it to your employer, through your membership area at any time. Click here to learn more.
Candidates have two options, when taking the exam:
Option 1: Self-Study. Take the online proctored exam at home
GCI’s examination process is set to the highest standards, allowing the candidate to easily register and receive their certificate Study Guide (e-book) in their selected language. Once the candidate feels ready, they can schedule the exam according to their availability. Then, GCI will provide the candidate with a token allowing them to access the exam at the scheduled date and time.
Option 2: Get the help of an accredited Training and Testing Centre
Candidates can choose the nearest GCI test centre through our website and visit it to receive help, whether by attending a class training program, taking the assessment at their facility, or both.
For groups within the same organisation, this course may be customized to meet any specific needs and delivered in-house.
€292.00 – €530.00
HRDA-approved seminars are exempted from VAT for eligible organisations applying for the HRDA subsidy. A 19% VAT will apply to seminars and participants who do not qualify for the HRDA subsidy.
|Are you applying for the HRDA subsidy?||
Day 1: November 29, 2022 | 09:00-15:00
Day 2: December 01, 2022 | 09:00-14:00
Day 3: December 06, 2022 | 09:00-14:00
Start time: 09:00 EET
End time: 15:00 EET
Venue: Live Online
Coordinates: 14 | Duration: 14 hrs
Directions: <a href="https://eimf.eu/event-organizer/demetris-savvides/">Demetris Savvides (view the trainer's bio here)</a>
Phone: +357 22274470
Email: [email protected]