Course Details
FATCA Beyond the Basics
FATCA Beyond the Basics

Subject: One day Seminar on FATCA Beyond the Basics by Mr. Zohaib Ali Zahid (Lead FATCA Consultant) and Syed Faraz Anwer (Partner Risk Advisory & Business Improvement Practice) - AF Ferguson & Co. (PwC Pakistan)

We do hope you are well. We work with a mission to deliver quality training from the best in the business and over the past one year of our existence we  have conducted a number of seminars and modules for the financial sector which have set new bench marks, provided innovation and if we are allowed to brag provided thought leadership as well. In our zest we have been supported by the financial industry.

The training on FATCA was long overdue and we do apologies for rather being late on the matter. However in line with our tradition of uncompromising quality we had to wait. The trainers include Mr. Zohaib Ali Zahid, lead FATCA Consultant and Syed Faraz Anwer, Partner Risk Advisory & Business Improvement Practice of AF Ferguson and Co. (PwC Pakistan).The trainers represent the most successful FATCA Advisory practice in the country credited with successful end-to-end Implementation of FATCA at a number of Financial Institutions that became the forerunners to achieve FATCA milestones in the country. The trainers will endeavor to highlight the importance of FATCA and its impact on Banking sector of the country, the need for creation of senior management buy‐in on FATCA, would help you understand the aspects of your business and operations that will undergo change under FATCA, help you organize internally to implement a large regulatory project within your resources, budgets and time. The seminar would also make you familiar with the FATCA regulations, Identify FATCA Gaps/changes etc.

Training Objective: To impart a simplistic understanding of FATCA’s impact on banking enabling the audience to understand what needs to be done at banks and how it is to be supervised.

Who Can Attend
•    All Operations officials
•    Central Bankers
•    Compliance Officials
•     Auditors
•    Head Office Operations Officials (Centralized Account Opening/ Operations)
•    Regional, Area and Branch Personnel (Account Opening Officers, Branch Operations Managers, Branch Managers). 
•    FATCA PMO (FATCA Responsible Officer, FATCA Project Managers
•     FATCA Points of Contacts).






From 9.00 to 10.30

  • Warm-up: Introduction Key FATCA concepts 
  • Global FATCA status;
  • FATCA Participation Status in Pakistan and
  • Disadvantages of Non-IGA and Pre-Requisites for IGA;


Mr. Zohaib Ali Zahid & Syed Faraz Anwer

From 10.30 to 11.00

Tea Break

From 11.00 to 13.30

  • How FATCA Changes Banking for an average Pakistani
  • Challenges  and Significant Decisions facing the industry;
  • The Havoc of Prima Facie FFI screening and impact on FI correspondent relationship;


Mr. Zohaib Ali Zahid & Syed Faraz Anwer

From 13.30 to 14.30

Lunch Break

From 14.30 to 15.30

  • How to complete FATCA identification procedures at the time of account opening;
  • How to establish account holder’s FATCA status as US person, Non-US person and Recalcitrant;
  • Understanding the FATCA Documentation requirements as per the Status;
  • Understand how to deal with changes in customer circumstances subsequent to opening of their account;


Mr. Zohaib Ali Zahid & Syed Faraz Anwer

From 15.30 to 16.00

Tea Break

From 16.00 to 1700

  • Understanding the Impact of de-minimis thresholds;
  • FATCA Data Collection and Reporting;
  • Pre-Existing Account Screening;
  • Understanding the role of branches and head offices in classification, monitoring and reporting;


Mr. Zohaib Ali Zahid & Syed Faraz Anwer

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