What are the due diligence and reporting requirements for accountants and their clients to ensure compliance with the disclosure rules.
What are the risks and what are the costs of non-compliance?
The Common reporting Standard (CRS) is the new, single global standard which imposes due diligence and reporting obligations on certain New Zealand entities to identify and report particulars relating to their settlors, beneficiaries, partners, trustees or any other person that has provided a loan to the entity.
New Zealand is now in the second year of CRS reporting which requires due diligence on all financial accounts. This will impact on the reporting requirements which are due to be filed on 30 June 2019.
The webinar will explain the key elements of CRS, what participants should consider ensuring their practice and their clients are CRS compliant.
Attendees will understand how the rules need to be implemented, what the key risks areas are for accountants and their clients, what due diligence means and how they mitigate compliance risks associated with incoming and outgoing data.
19 February 2019
Accountants, Lawyers and AML Compliance Officers
Dr Peter Loerscher, International Tax Ltd presenting on behalf of TEO Training
1.25 CPD hours