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Foreign Account Tax Compliance Act (FATCA) Training
Performance Inc. Kuwait Private Training Institute, in collaboration with its strategic ally, Egyptian Banking Institute present this FATCA Training courses
By: Performance Inc Kuwait Consulting WLL
The term FATCA stands for “Foreign Account Tax Compliance Act” and this law was introduced by congress in 2010 to target US persons and corporates (Including US citizens, green-card holders and US companies operating abroad) who have offshore accounts in order to collect taxes from them.
Thus, the United States of America entered into agreements with the governments of countries around the world including the State of Kuwait, which is represented by the Ministry of Finance who entrusted the regulatory authorities to make sure that banks and other financial institutions are committed to FATCA.
FATCA Training Program Objectives:
This course aims to train and develop the skills of employees working in banks and other financial institutions subject to FATCA and all officers responsible for implementing FATCA, such as Financial Officers, Risk Management Professionals and Compliance Officers; All those will be required to conduct due diligence activities and annually report, the identity of the owners of opened accounts within their institutions, to the Internal Revenue Services (IRS) of the United States of America. So this course was designed to clarify and illustrate the process of implementing the FATCA law in banks and other financial institutions subject to this law.
Who Should Attend This Course?
· Companies licensed by the Capital Markets Authority (CMA)
· Local banks and branches of foreign banks operating in the State of Kuwait
· All job levels specialized in regulatory compliance;
· All job levels specialized in risk management;
· All job levels specialized in Information Systems Management;
· All job levels specialized in financial transactions with financial institutions (Staff of Banking operations and services department);
· All job levels specialized in financial management;
· All job levels specialized in Anti-Money Laundering and Combating the Financing of Terrorism, and
· All job levels specialized in legal affairs
Who prepare these courses:
Performance Inc. Kuwait Private Training Institute, in collaboration with its strategic ally, Egyptian Banking Institute present this courses.
One Comprehensive Training Day concerning the Regulatory Authorities Officials, as well as Board of directors, Chairman and members, General Managers, their deputies and assistants, Executive Management and Committees Members at organizations subjected to the FATCA Law.
Three Consecutive Training Days Concerning all regulatory authorities employees as well as financial organizations subjected to the FATCA Law. Financial Organization subjected to this Law is any company works in fields related to savings activities, investment, funding, or insurance such as banks, insurance companies and brokerage firms, companies manage financial securities or portfolios, funds, etc…
One of the most famous Banking expert, Compliance Accredited Officers Group Member (International Union of Arab Bankers), Compliance Officers Committee Member at Federation Union of Egyptian Banks, Member of Egyptian Authority concerned of applying the Law to comply with U.S. Tax, the first instructor provides U.S. tax law compliance in Arabic at many of Arab countries in the Gulf and North Africa since 2011.
Subscriber shall receive a certificate signed by Governor of Egyptian Central Bank, issued by the Egyptian Banking Institute and Performance Inc. Kuwait Private Training Institute.
The used language:
Arabic, with an explanation for English terms in Arabic.
About Performance Inc Kuwait Consulting W.L.L
Performance Inc. Kuwait caters our clientele in finding innovative and creative ways to operate and achieve strategic solutions. This enables organizations to execute their business strategy flawlessly, enabling our clients to achieve significant breakthroughs in professional and personal performance. We are distinguished from others by our capabilities in solving our clients' most complex business issues, delivering sustainable solutions to ensure business success for our clients, turning Potential into Performance.
For more information visit our website: www.performanceinckw.com
Performance Inc Kuwait Consulting WLL