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ACFCS FATCA Essentials Seminar

ACFCS FATCA Essentials Seminar

Mindtree will be sponsoring the ACFCS FATCA Essentials Seminar on June 13, 2014 from 9.00 AM to 4:30 PM at New York Hilton Midtown. The seminar will provide practical guidance on FATCA implementation for financial institutions, but also for the full range of US and non-US corporations that have new withholding duties under the law. Guided by top experts, attendees will learn:

  • Urgent compliance steps to take before the July 1 deadline
  • The vital role that AML programs can play in FATCA compliance
  • Best practices for non-US institutions to register, review accounts, verify customers and prepare for FATCA reporting
  • Best practices for implementing withholding and reciprocal reporting for US institutions and other corporations
  • The global spread of “intergovernmental agreements” and their critical impact on your FATCA obligations
  • Looming financial account reporting requirements beyond FATCA, including the OECD system
  • FATCA’s ripple effects on all financial crime fields, including money laundering and corruption

Leveraging our rich and diverse experience in governance, risk and compliance – FATCA, EMIR, Basel III, and LEI, Mindtree experts will discuss best-in-class solutions and practices for simple and effective FATCA Compliance.

Mindtree experts will also host a webinar as a part of the summit.

 

11 June, 2014, Wednesday 1-2 PM EST

A step by step guide to FATCA compliance

FATCA compliance has been a big concern for many financial firms - from a lack of clear IRS guidance to the exceeding complexity of navigating different intergovernmental agreements.

The U.S. Treasury has declared that Foreign Financial Institutions (FFIs) and Non-Financial Foreign Entities (NFFEs) should regard calendar years 2014 and 2015 as a transition period for purposes of IRS enforcement and administer due diligence, reporting, withholding provisions, filing W-8 and W-9 forms and accurately capture data for their customers. This involves mammoth IT changes for most banks and financial institutions.

systems impacted

Join the webinar to:

  • Find out the key guidelines firms need to follow to comply with FATCA.
  • Understand the impacts that FATCA on institutions processes, operations, IT and regulatory reporting.
  • Understand the steps for smooth and effective FATCA Compliance including compliance roadmap, assessment of your process and systems, analyzing and controlling data, and implementation.
  • Identify changes required to the IT landscape in order to collate high volumes of customer data, analyze and control the data and report it to the IRS or a local authorized entity.
  • Learn what Mindtree is doing to help banks and financial institutions speed up FATCA compliance.