Introduction to CRS

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

Sofitel Downtown, Dubai, UAE | Sunday, 30 September 2018

By  Zac Lucas 


8.30 Registration and welcome coffee

9.00 The CRS legislative framework
• Participating Jurisdictions, Reportable Jurisdictions and Non-Participating Jurisdictions
• Reporting Financial Institutions
• Reportable Accounts
• The due diligence process

9.25 The CRS classifications system explained, including:
• Non-Reporting Financial Institutions • Nil Reporting Financial Institutions • Exempt accounts
• Active NFEs
• Passive NFEs

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

• Limited Partnership
• Unit Trust
• Ordinary Beneficiary Trust

10.15 Coffee break

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

• Partnership • Trust

11.00 Double and Multiple Reporting of Account Holders under the CRS.

11.20 Anti-Avoidance and (Proposed) Mandatory Disclosure Rules

11.40 Future Developments - US FATCA

12.00 “CRS Expert” enterprise appli- cation software demonstrated and explained.

12.20 Q&As
12.50 End of the seminar

 Head of Legal, CENTENAL

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