The Knowledge Group Has Scheduled a Live Webcast on Emerging Issues: Are You Prepared for the Upcoming FATCA Compliance Deadlines for Non-U.S. Financial Institutions?

New York, NY, November 17, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, announced today that it has scheduled a live webcast entitled: Emerging Issues: Are You Prepared for the Upcoming FATCA Compliance Deadlines for Non-U.S. Financial Institutions?. This two-hour event is scheduled on January 15, 2016 at 12:00 PM - 2:00 PM ET.

Event Synopsis:
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.

The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.

Speakers/Faculty Panel
Grant Thornton LLP
Josh Gelernter
Senior Manager – International Tax
Blank Rome LLP
Ian M. Comisky
Partner
Rogers Joseph O'Donnell
Dean D. Paik
Director
Kaufman & Canoles, P.C.
Alison Vail Lennarz
Of Counsel

For an updated list of the faculty panel, please visit:
https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/

About The Knowledge Group/The Knowledge Congress Live Webcast Series
The Knowledge Group brings together the world's leading authorities and industry participants through informative two-hour webcasts that study the impact of changing regulations and help businesses succeed through proper regulatory compliance.

Visit http://theknowledgegroup.org/ for further information and inquiry.