Venue:

 Prospero House, 241 Borough High Street, Southwark, London SE1 1GA, UK.

Understand fully what both financial and non-financial businesses must do to comply with the Foreign Account Tax Compliance Act (FATCA) when it comes into force. Experts from practice, government and the OECD provide an essential technical update on FATCA.

Learning objectives:

·         Ensure you have the latest information on the compliance timeline.

·         Fully understand the compliance obligations and challenges.

·         Know the responsibilities of the Responsible Officer.

·         Gain expert insight into what's next - for FATCA itself and future Intergovernmental Agreements.

Agenda:

FATCA Overview & Challenges

·         Update on the current guidance

·         Guidelines and timeline for implementation - co-ordinating UK legislation, other US

Regulations and other IGAs

Future FATCA developments Q&A   

Challenges of FATCA Compliance

·         Client Data Privacy Concerns

·         Implementation readiness assessment

·         Practical Implementation Example:

o   Compliance challenges for FFIs Vs. NFFEs

o   Responsible Officer (RO) and their responsibilities

Future IGAs and international regulation