概要
This eCourse is accessible from 9 November 2020 to 29 November 2020.
This is the Unit 6 of the training programme in pursuing the “Trust Training Certificate” (“TTC”).
This eCourse is developed in relation to the special arrangement for the participants joining the TTC Part A training in October and November 2020. It is prepared based on the recorded version of the last class (face-to-face mode) of Unit 6 done on 30 October 2019. For the participants who will take the TTC Part A Examination in December 2020, you should ensure you read the latest version of study guide and materials provided via the examination enrolment link.
There is only one module in this unit.
Module 10: Compliance, AML, Legislative Rules & how they Apply to Trusts
This eCourse has divided Module 10 into two parts. For each part, you must watch the recorded video and then pass the assessment (with unlimited attempts).
宗旨
On completion of the course, you will be able to:
- Describe the trustee compliance requirements for most types of trust, e.g. AML, CDD, SOW, SOF, CRS and FATCA
- Understand what / when generates reportable person or account (e.g. US person)
- Understand the thinking process in determining the reporting requirements for a typical trust
內容
Module 10: Compliance, AML, Legislative Rules & how they Apply to Trusts
1. Current HK legislation and regulations on trustee companies
- Registered Trust Company Rules
- New Legislation / Licensing requirements for trust companies in 2018
- Shareholders and Directors Fit and Proper
- UBO registers
2. The principles of CRS and FATCA as they apply to trust structures and the Trustees’ responsibility
3. Classifications of trusts under FATCA / CRS
4. Requirements for AML & CDD
5. Due diligence and source of funds required
6. What SOF is sufficient?
7. What will be reportable in 2018 under CRS?
對象
The course is primarily targeted to those who would like to pursue the "Trust Training Certificate" in order to apply for the Hong Kong Trustees' Association Certified Trust Practitioner™ designation.
It is also relevant to those who would like to gain a solid understanding of the course subject matter and / or those who plan to enter the Trust industry sector.