Understanding FATCA and CRS

"Understanding FATCA and CRS helps professionals build confidence in navigating international tax reporting. Learn how to apply due diligence, identify reportable accounts, and manage global compliance obligations effectively. Perfect for compliance, operations, and risk professionals seeking clear, practical insight into today’s cross-border transparency standards."

20 - 25 minutes

Certificate Included

Global

Description

Understanding FATCA and CRS is a 20–25-minute StudyAML course designed to help financial professionals grasp the fundamentals of global tax transparency. You’ll explore how the Foreign Account Tax Compliance Act (FATCA) and the Common Reporting Standard (CRS) promote fairness and cooperation among countries by requiring financial institutions to identify and report certain account holders. Through real-world examples and practical guidance, you’ll learn how to meet reporting obligations, strengthen due diligence, and maintain compliance in an evolving regulatory landscape.

What will you learn?

Module 1 – Understanding FATCA and CRS
Discover what FATCA and CRS are, why they exist, and how they reshape the global financial system through transparency and information sharing.
Module 2 – Global Framework and Key Players
Learn about the international organizations, governments, and regulators that make FATCA and CRS work across borders through coordination and shared standards.
Module 3 – Reporting and Due Diligence Requirements
Understand the practical steps financial institutions must take to identify tax residency, collect self-certifications, and report accurate data to tax authorities.
Module 4 – Common Challenges and Best Practices
Explore common compliance challenges—such as data quality, client resistance, and complex ownership structures—and discover proven strategies to overcome them.

Course Content

Module 1 – Understanding FATCA and CRS
Module 2 – Global Framework and Key Players
Module 3 – Reporting and Due Diligence Requirements
Module 4 – Common Challenges and Best Practices