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Financial Professionals in Switzerland to Benefit from Compliance Training Partnership
Deloitte in Switzerland and VisionCompliance have announced a partnership to provide two online courses specifically designed for relationship managers in the financial industry. This unique collaboration combines Deloitte’s tax technical expertise with VisionCompliance’s knowledge transfer capabilities, enabling banks to better understand and address compliance issues related to the Common Reporting Standard (CRS) and Foreign Account Tax Compliance Act (FATCA).
What are CRS and FATCA?
The CRS and FATCA online courses are tailored to capture the essential elements of these regulatory regimes, which have a direct impact on relationship managers’ activities. The objective of the courses is to provide an overview of the regimes, including:
- Classification mechanisms
- Documentation requirements
- Ongoing account monitoring obligations
Who is VisionCompliance?
VisionCompliance specializes in educational programs for banking and financial compliance, with over 60 Swiss banks relying on their expertise.
What is Deloitte’s Role?
Deloitte has a presence in six cities across Switzerland and is one of the largest management consulting firms in the country. The company is also the leading provider of tax services in Switzerland, according to International Tax Review.
Course Objectives
The CRS and FATCA online courses aim to equip relationship managers with the knowledge required to perform their day-to-day activities effectively. Participants will learn how to:
- Understand the impact of CRS
- Perform due diligence duties
- Identify potential issues
- Document clients
- Detect changes or errors in client status
Contact Information
For more information on the format, content, and delivery model of these courses, please contact:
- VisionCompliance’s Director Millicent Larrey at +41 22 807 28 09
- Financial Training Specialist Mirko De Matteis at +41 22 807 28 04
- Deloitte’s Tax Transparency Leaders Brandi Caruso at +41 58 279 63 97 and Karim Schubiger at +41 58 279 92 02
Benefits of the Courses
The courses are designed to add value, increase efficiency, and reduce risk by providing targeted training that meets the needs of relationship managers. By participating in these online courses, financial professionals in Switzerland will gain a deeper understanding of CRS and FATCA regulations, enabling them to:
- Better serve their clients
- Ensure compliance with regulatory requirements