CRS & FATCA Compliance & Reporting
Course description
SPECIAL SUMMER PROMOTION – REGISTER BY 1 SEP & SAVE £200!
Learn US FATCA and Global CRS Regulatory Disclosures Requirements and best Reporting Practices across various Jurisdictions around the world. Practical 1 day workshop with exercises and specific data fields requirements.
This full day workshop provides a comprehensive and practical overview of the FATCA and CRS regimes, explaining the regulatory complexity and providing operational clarity for key obligations. The course explores the regulatory foundations of the regulations, key political drivers, and broadening jurisdictional scope of both frameworks. Key definitions of Financial Institutions, Reportable Persons, and Reportable Accounts, are discussed, and delegates are provided with the tools to accurately classify their client base and obligations.
The course focuses on key compliance imperatives such as due diligence. Step-by-step procedures are illustrated through practical exercises for both pre-existing and new accounts, and for individuals/entities, highlighting differences between FATCA’s indicia-based approach and CRS’s residency-based model. The workshop modules tackle the challenges of entity classification, using real-world case studies to navigate the complexities of Active vs. Passive NFEs and identification of Controlling Persons.
The course provides key insights into FATCA and CRS implementation and reporting by jurisdictions. The break-down of specific data fields required for Form 8966 and the CRS XML schema are provided, addressing common data gaps and validation issues. The workshop also addresses recent developments, including the new Crypto-Asset Reporting Framework (CARF) and the EU’s DAC7, preparing delegates for the next wave of regulatory change. Delegates will be able to achieve the knowledge and methodologies required for building a defensible compliance program, focusing on governance, audit trails, and the systems and controls necessary to mitigate risk and withstand regulatory scrutiny.
What will you learn
By the end of the programme you will:
- Understand the scope and impact of FATCA/CRS reporting regimes, as well as differences and similarities between them
- Learn about customer identification, due diligence and classification
- Understand the reporting requirements for entities and accounts in scope
- Learn the best compliance and reporting practices
- Implementation strategies for FATCA/CRS frameworks across different jurisdictions including: UK, EU – DAC6, MENA and APAC
- Full understanding for the front-line staff of the change in their role and responsibilities as required by CRS regime (i.e., on-boarding, indicia and associated curing, reporting)
- Current and New Developments: DAC7 & The Digital Platform Economy, Crypto-Asset Reporting Framework (CARF), Data Privacy & Security (GDPR)
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You may be interested in:
Related in-company programmes:
- UK RFS – Reporting Fund Status – NEW
- DAC6 Course – In-company only
- FCA Consumer Duty
- MAR – Market Abuse Regulation
- Conduct Risk – In-company only
Register for any 2 public courses at the same time and save extra £100 (in total, not per course).
Main topics covered during this training
- Background & Policy Drivers: FATCA (2010) vs CRS (2014)
- Key concepts, timeline and evolution
- Due Diligence Procedures
- US FATCA: Detailed Field & Product Requirements
- Product Scope: Depository Accounts, Custodial Accounts, Investment Entities
- Form 8966 Reporting requirements and examples
- CRS Requirements: Jurisdiction specific considerations for the UK, Europe, MENA & APAC
- Key Data Challenges & Implementation Considerations
- Controls over the reporting process
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Current Developments, Horizon Scanning & Controls
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CRS avoidance & Non-compliance crackdowns
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DAC7 & The Digital Platform Economy, Crypto-Asset Reporting Framework (CARF), Data Privacy & Security (GDPR)
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Enhanced Systems & Controls Expectations, Penalties & Enforcement Trends, Jurisdictional Expansion
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Common Reporting & Due Diligence Standards (CDS), Technology & RegTech Solutions
Who should attend
This one day program is relevant for:
- Tax Directors
- Financial Officers
- Money Laundering Reporting Officers (MLROs)
- Relationship Managers
- Client Onboarding Specialists
- Compliance Officers
- Risk Management Professionals
- External & Internal Auditors
- Operations Managers / Officers
- Project Managers
- Back Office Professionals
- Wealth Managers and Private Banking Professionals
- Lawyers
- Consultants
- Accountants
- Staff with roles and responsibilities in operational, businesses and central departments
within Banks, Asset Management firms, Family Offices, and Insurance companies.
CRS & FATCA Compliance & Reporting - A 1 Day Training Course
Timing: Start: 9 a.m. – Finish: 5 p. m.
- Background & Policy Drivers: FATCA (2010) vs CRS (2014)
- Key Concepts: Withholding vs. Reporting
- Timeline & Evolution
- Scope of Entities and Exemptions, Scope of Individuals/Reportable Persons, Scope of Transactions & Accounts
- Jurisdictional Scope, Intergovernmental Agreements (IGAs), Account Definition & Look-Through
- The Due Diligence hierarchy: new vs. pre-existing, individual vs.Entity Accounts
- FATCA Indicia: Understanding the 5 key flags and the electronic search requirement
- CRS Self-Certification: obtaining, validating, and relying on forms W-8/W-9/CRS
- Pre-existing Account Due Diligence: applying the monetary thresholds and simplified procedures
- Exercise: Analyzing client files to identify indicia and resolve account status
- Core Data Fields: Individual Accounts, Entity Accounts, Controlling Persons
- GIIN (Global Intermediary Identification Number) for FFIs, Withholding agents
- Product Scope: Depository Accounts, Custodial Accounts, Investment Entities
- Documentary vs. Electronic Indicia Searches, Withholding & Chapter 4, US vs. Non-US Payor considerations
- Form 8966 Reporting requirements and examples
- CRS Data Fields: The Common Standard, TIN Focus & Date of Birth, Jurisdictional Linking
- Controlling Persons (CPs) & Beneficial Ownership
- Jurisdiction specific considerations:
– UK – HMRC Reporting, UK FIs reporting, Domestic guidance from the FCA
– EU – DAC2 & Amendments, country specific jurisdictional requirements
– MENA – The UAE Model including specific registration procedures, entities in DIFC/ADGM hubs
– APAC – Singapore IRAS portal, Hong Kong’s IRD, Investment Entities, family offices
- Product Specific requirements (eg Cash Value Insurance)
- Investment Entities in CRS, Entity Classification & Controlling Persons
- CRS XML Schema requirements and Examples
- Data Sourcing & Fragmentation – Client, Trustee, Partnership, Foundation, beneficial owner datasets, onboarding (KYC), trading, and custody system data challenges
- TIN Collection & Validation, OECD-validated TIN formats
- Residency Self-Certification Issues (Forms W-8 & W-9), Entity Classification Complexity, Controlling Person Identification
- Process and Procedures: Due diligence procedures for Pre-existing vs. New Accounts, Systematic vs. Manual Processes, Change in Circumstance Management
- Reporting Format & XML Schema: creation, validation, and submission of FATCA (Form 8966) and CRS reporting in specific XML schemas
- Documentation & Audit Trail, controls and governance, preparing for HMRC/IRS Regulatory Exam or Tax Audit
- CRS Avoidance & Non-Compliance Crackdowns
- DAC7 & The Digital Platform Economy, Crypto-Asset Reporting Framework (CARF), Data Privacy & Security (GDPR)
- Enhanced Systems & Controls Expectations, Penalties & Enforcement Trends, Jurisdictional Expansion
- Common Reporting & Due Diligence Standards (CDS), Technology & RegTech Solutions
Finish around 5 p.m.
Trainer
The Training Director is an industry advisor and regulatory expert with over 24 years of experience in investment banking, private banking, wealth and asset management regulations and Regulatory Technology (RegTech). He is an industry expert in Financial Regulation, regulatory and tax reporting disclosures, and covers all the key banking and finance regulations across US, EMEA and APAC including CRS / FATCA, AML/Financial Crime, CASS, IFR/IFD, Dodd Frank, COREP/FINREP, Basel III, HKMA MAS and SFC, SMCR, and ESG Regulations.
He combines experience in strategic regulatory topics including covering reporting and processes, and incorporating risk and governance policies.
His recent key engagements include banks such as HSBC, Deutsche Bank, JP Morgan and Barclays, and buy side firms such as T. Rowe Price, Ruffer, M&G and Investec Asset Management, to name a few. He is also a member and advisor of industry association committees for regulatory consultations with bodies such as ESMA, FCA, PRA/Bank of England and SEC.
FAQ
We offer banking and finance courses as well as soft skills and business management training. You can either attend an open public course in London or Dubai or arrange customised in-house training to be delivered in any of your offices worldwide.
Most of our public courses are run over 2 full days. Some programmes are offered as a 1 or 3 day training.
In-house training is tailored to client’s requirements and can be organised over 1 day, 2-3 weeks or longer.
Public courses are organised mainly in London and Dubai. Occasionally we organise courses in other centres like Paris or New York. Check our public course calendar for the current list of programmes. We use a range of training venues, all in the centre of the cities and with excellent transport links to the airports and train stations.
In London we use venues in the centre (near Oxford Circus station or in Mayfair) or in the City (near Liverpool Street or Moorgate stations).
In Dubai our courses are organised in one of 4-5* hotels in the Deira district. Once you register we will send you detailed information together with accommodation options if required.
Our in-house courses can be delivered anywhere in the world. We work with over 25 trainers worldwide. Contact us do discuss your requirements. Check our list of available programmes.
Our courses are run in central locations from 9 a.m until 5-5.30 p.m. There are 2 coffee breaks and a lunch break. Lunch is always provided in the venue.
Dress code is smart casual.
All our programmes are taught by senior specialists who have spent many years in their respective sectors, working as senior managers and head of departments, so they understand very well the market and the challenges you are facing.
The experience of our trainers allows us to create very practical programmes, focused on current market trends and challenges. You can be sure that you will gain the knowledge which can be instantly applied in your workplace after the course. You will be analysing real life case studies, take part in group exercises and discussions as well as role plays, whenever applicable.
We want our courses to be as practical and interactive as possible so we limit the number of participants in order to optimise your time with the trainer and allow you to ask questions which are important for you.
In order to understand your requirements and expectations, we will send you a pre-course questionnaire.
You will also receive post-course support so if you have any questions after you left the training, you are welcome to contact us.
There are 2 easy ways to register:
- Go to the course of your choice and click Register Now button to fill the registration page
- Email us to enquiry@eurekafinancial.com
After you register, we will send you registration confirmation and an invoice so you can arrange the payment. Please note that your place is not confirmed until we receive it.
If you register within Early Bird discount period, there’s limited time to arrange the payment in order to be eligible for the discount. You will find all the details on the invoice.
We don’t advise to make any travel and hotel arrangements until you receive full course confirmation from us.
We will send you venue and course details as soon as possible but most likely about 3-4 weeks prior to the course commencement.
You can pay by:
- Making a bank transfer
- Debit/credit card
- Cheque payable to Eureka Financial Ltd. - only within UK
Just mark preferred paying option on the registration form. Whichever form of payment you choose we will always send you an invoice.
If you pay by card, a 2.2% processing fee will be added. We will send you authorisation form so you can give us your card details.
Included in the price of a public course are:
- Course tutorial
- Take away course materials
- Course Certificate
- Lunch on the days of the training as well as drinks and snacks throughout the course
The price doesn’t include accommodation, flights, transfers and any additional costs outside of the training venue.
Yes, we always offer Early Bird discount, so the sooner you register the more savings you can make. We also offer group discounts and if you register for 2 or more programmes at the same time.
If you are a full time student or unemployed, we offer a 25% discount of the full price of the training. Student ID or unemployment status confirmation is required to claim this discount.
If you attend one of our courses you will be entitled to a special discount for a year after the last course you attend with us. Also, if you have attended and recommended us to a friend, both you and your friend will receive a special discount. You will receive more information about it after you attend the course.
See our Customer Loyalty Discounts page for more details.
All our courses based in the UK are subject to the VAT charge of 20%. This fee is irrespective of the country of residence of the delegates.
You can, however, claim the VAT back by contacting UK tax office - HMRC, and filling the relevant form, as long as you comply with the following rules:
For Delegates coming from the EU countries
If you represent a registered business in another EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the UK
- You don't make any supplies in the UK
You can find some more information here. In order to claim the VAT you have to fill Form 65.
For the Delegates from Non EU countries
If you represent a registered business in a non-EU country, you can use the Refund Scheme to reclaim VAT you pay in the UK as long as all of the following apply:
- You're not registered for VAT in the UK and don't have to, or can't be, registered here
- You don't have a place of business or a residence in the EU
- You can only use the Refund Scheme if your own country operates a similar scheme and makes it available to UK businesses. If your country has its own Refund Scheme but doesn't let UK businesses use it, you can't claim under the UK Refund Scheme.
- You don't make any supplies in the UK
If the following rules apply to you, please fill the 65A form and send it to HMRC.
Webinars
You can cancel your participation up to a month before the course and receive a refund minus 10% of the full course value. Between 2-4 weeks before the course you will be charged 50% cancellation fee and if you cancel less than 2 weeks before the course you can only offer your place to a colleague. Up to 2 weeks before the course you can reregister for another edition for 10% reregistration fee if there is another webinar offered or you can rebook for a course in London by paying the difference in price plus 10% reregistration fee.
Classroom Courses
If there is any official travel restriction or difficulty related to the COVID pandemic around the time of the course we will convert the training into a webinar or offer to attend the next classroom edition at no extra cost.
If you are unable to attend the course, you can either send a replacement at no extra charge or, up to 10 days before the training, you can transfer your booking to another edition within the next 6 months paying administrative fee of 20% of the full course price. For any cancellation requests received between 11 days and 4 weeks from the course we offer 50% refund or reregistration to another edition for 25% of the value of the booking. For any cancellation requests received more than 4 weeks before the course date we will offer a refund less an administration fee of 10% of the full course price.
Cancellations must be made in writing (letter or email) and reach our office four weeks prior to the course date. We regret that only limited refunds can be given after this period as per points above. Non-attendance without any notification will be charged at full rate. Your place on a course is not guaranteed until we receive the payment. All payments must be made in full before the course date.
All our trainers have been working for many years in their respective sectors before they begun to teach so they bring a wealth of practical experience to the classroom.
Most of them used to work for 15 or more years in the financial sector and corporate world, and were holding positions of Directors, VP and Senior Managers. Some of them have published books and have written articles for specialised magazines and newspapers including FT, The Independent, The Times etc. You can find detailed biography of each trainer on the page of the course you want to register for.
Yes, you will receive a Certificate of Attendance at the end of the course you attend.
If you have to apply for a Visa to attend a course in the UK, we will issue a letter to support your application. The letter will be issued only after the payment for the course has been made.
It is delegate’s responsibility to obtain a Visa and failure to do so will not make the participant exempt from the cancellation policy.
Anyone suspected of applying for a training course simply to gain a Visa letter will be reported to their embassy.
We will need the following information to issue an invitation letter:
- Full name as it appears on your passport
- Date of birth
- Passport number
- Passport issue date
- Passport expiry date
9 Oct 2026, Online / Virtual
Register by 01 Sep to save £200
Early bird price £895 + VAT
Regular price £1095 + VAT
5% discount for 2 & 10% for 3 people - if registered at the same time and for the same edition.
2 Dec 2026, London / Virtual
Register by 01 Sep to save £200
Early bird price £895 + VAT
Regular price £1095 + VAT
5% discount for 2 & 10% for 3 people - if registered at the same time and for the same edition.
This topic can be arranged on in-house basis. If you have a group of 4 or more we can customise it and deliver in any location worldwide. Contact us to discuss your requirements
