Public Speaking

Introduction to CRS


 


EVENT:

DUBAI, MONDAY 9 APRIL 2018, SOFITEL DOWNTOWN DUBAI HOTEL


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The key concepts of the Common Reporting Standard (CRS) for Automatic Exchange of Information explained through real life examples.


AGENDA



The CRS legislative framework

  • Participating Jurisdictions, Reportable Jurisdictions and Non-Participating Jurisdictions

  • Reporting Financial Institutions

  • Reportable Accounts

  • The due diligence process


The CRS classifications system explained, including:

  • Non-Reporting Financial Institutions

  • Nil Reporting Financial Institutions

  • Exempt accounts

  • Active NFEs

  • Passive NFEs


CRS Investment Entity Financial Institution criteria explained, with reference to:

  • Company

  • Limited Partnership

  • Unit Trust

  • Ordinary Beneficiary Trust


The difference between an “Account Holder” and a “Controlling Person” applied to

  • Company

  • Partnership

  • Trust


Double and Multiple Reporting of Account Holders under the CRS.


Anti-Avoidance and (Proposed) Mandatory Disclosure Rules


Future Developments - US FATCA


“CRS Expert” enterprise application software demonstrated and explained.



 








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