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Dune
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Cpece webinars
Opening a Foreign Financial Account

OPENING A FOREIGN FINANCIAL ACCOUNT

Cost Free
Presentation Length 1.0 hour

Recorded DateOctober 18, 2021
CPE:Not available
(archived webinars do not offer CPE credits)
Subject AreaTaxes
Course LevelBasic
Course Description

In the past 10 years, governments around the world have been cracking down on tax evasion by locating lost revenue through unreported foreign assets of their residents or citizens. In addition to anti-money laundering laws that require the financial institutions to know their customers and the source of their funds, financial institutions must also know their customers' tax residency and classification in order to annually report the financial and static account data to their local tax authorities (or treat them as non-reportable). Creating confusion amongst customers, these financial institutions require lots of different forms, all with different tax jargon.

If you have individual clients living abroad or business clients looking to expand their operations overseas, they will likely call upon you to help them fill out these financial forms when opening a cash account, custodial account, equity investment, and more.

This course is an introduction to the field of tax transparency from the lens of the customer (your client).

Learning Objectives:


  • Recognize the different tax forms needed to open a foreign financial account

  • Determine how to pick the right form(s) that apply to your client’s circumstances

  • Identify problems your client may encounter in completing these forms

  • Identify ways to mitigate common mistakes in completing these forms

Not logged
PLEASE NOTE: ARCHIVED WEBINARS DO NOT QUALIFY FOR CPE
Linkedin

Jessalyn Dean

Dune Consultants
Principal Consultant
jessalyn@duneconsultants.com
+31 618 999 846

Dune

Jessalyn launched Dune Consultants in 2021 offering consulting in global tax information and withholding issues including FATCA, CRS, Forms W-9/W-8, Forms 1099/1042-S withholding & reporting, Qualified Intermediary, DAC7, DAC8, and more tax transparency topics. She assists financial institutions and gig platforms with account holder/payee due diligence and remediation, written policy/procedure development, process improvements/automation, documentation enhancements, global training development/delivery, and annual reporting compliance. Her experience covers banking, asset management, custodians, other financial services, tech companies, and more while she was a Senior Manager with PwC in the United States, Ireland, and the Netherlands. In addition, she previously managed in-house global tax information reporting, withholding, FATCA, and CRS compliance for OppenheimerFunds in the United States (now part of Invesco). Jessalyn currently lives in Amsterdam, The Netherlands with her two cats and her 1986 Honda 500CX motorcycle.

About Our Presenter

Dune
Jessalyn launched Dune Consultants in 2021 offering consulting in global tax information and withholding issues including FATCA, CRS, Forms W-9/W-8, Forms 1099/1042-S withholding & reporting, Qualified Intermediary, DAC7, DAC8, and more tax transparency topics. She assists financial institutions and gig platforms with account holder / payee due diligence and remediation, written policy / procedure development, process improvements / automation, documentation enhancements, global training development / delivery, and annual reporting compliance. Her experience covers banking, asset management, custodians, other financial services, tech companies, and more while she was a Senior Manager with PwC in the United States, Ireland, and the Netherlands. In addition, she previously managed in-house global tax information reporting, withholding, FATCA and CRS compliance for OppenheimerFunds in the United States (now part of Invesco). Jessalyn currently lives in Amsterdam, The Netherlands with her two cats and her 1986 Honda 500CX motorcycle.