Home Money Laundering Certified FATCA Professional

Certified FATCA Professional

8,000.00

Foreign Account Tax Compliance Act is the new generation US Act which was passed with the objective of combating the tax evasion by USA citizens residing outside the USA.

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Foreign Account Tax Compliance Act is the new generation US Act which was passed with the objective of combating the tax evasion by USA citizens residing outside the USA. It requires non-US entities to identify US taxpayers who hold directly or indirectly certain foreign financial accounts and to report related information to the IRS (Internal Revenue Services) or to their local tax authorities as per the various Intergovernmental Agreements (IGA)

Certified FATCA Professional

The Foreign Account Tax Compliance Act (FATCA) is an important development in U.S. efforts to improve tax compliance involving foreign financial assets and offshore accounts. FATCA requires foreign financial institutions (FFIs) to report directly to the U.S. Internal Revenue Service (IRS) information on financial accounts held by U.S. taxpayers, or held by foreign entities in which U.S. taxpayers hold a substantial ownership interest (generally 10% or more). In order to identify customers who are U.S. taxpayers, FFIs will be required to implement due diligence, identification, controls and reporting systems. Certified FATCA Professional is the person who is trained on the Foreign Account Tax Compliance Act as well as the Due Diligence.

Please note that this certification is the part of the Certified Anti Money Laundering Expert. However, if the candidates are having experience in the domain of FATCA and would like to only get the certification, then this is the place for them.

Failure to comply with FATCA will be costly and may subject FFIs to a 30% withholding tax on U.S.-source payments, including dividends, interest and gross proceeds from the sale of assets which may generate U.S. dividends or Interest.

Please note that no separate study material is issued for this certification from Indiaforensic. This is simple certification program. More information on the FATCA can be obtained from the website of IRS

Indiaforensic is the first certification body in India which is offering the Certification program in FATCA.

Who Should do it ?

  • Compliance Officers
  • Broker / Dealers
  • Risk Management Professionals
  • Fund Managers
  • Trust Companies, Trustees, and Trust Professionals
  • Subject Matter Experts in IT companies

Mock Examinations

Aspirants looking to take up the certification in FATCA from Indiaforensic may try the mock examination offered by Indiaforensic on the subject of FATCA and then decide the dates to appear for the examinations.

Contact Us

For further information please contact us on 9766594401 or write to us on education@indiaforensic.com

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