Private Client

Private Client Compliance: To FATCA and beyond

On Demand

Webinar

Private Client Compliance: To FATCA and beyond

On Demand

Webinar

Buy Now

£180+VAT
£135+VAT (Member price)

3hrs CPD

Are you iffy about a NFFE? Get cross by CRS? And what is 5AMLD? Private client lawyers face growing compliance requirements all with their own associated process, risk, deadlines and even penalties issues.

This session aims to cover the key current obligations and how they can be efficiently dealt with in practice. The seminar will also pick up drafting related points that can affect the triggering of information having to be ascertained and/or reported to authorities. In looking at the obligations, this event will help solicitors and firms be prepared for the obligations and also be able to anticipated the workloads caused by the duties to take informed views on how compliance costs are borne. There is also more compliance on the horizon and this seminar will help have an awareness of and gear up for changing requirements.

The seminar will look at issues including:-

FATCA

  • CRS (Common Reporting Standard)
  • What do you report?
  • When do you report?
  • How do you report?
  • Do you need to report anything or is there another process required?
  • The impact on individuals, trusts and companies
  • What do with forms provided by investment managers and others
  • Anti-Money Laundering obligations... now and what could come next
  • The Trust Registration Service
  • Are there special rules for charities, trusts for vulnerable beneficiaries, policy trusts etc?
  • Alan's work covers three main areas: charities, private client and parliamentary matters.

    Alan's private client work covers estate planning including wills, executries, trusts and inheritance tax. He is the author of the Scotland chapter in the textbook International Succession. As part of his private client advice Alan often advises on incapacity law (powers of attorney, court appointed guardianship and other methods of managing the affairs of those less able to do so). This has involved acting in some of the leading Sottish cases on incapacity law and estate and succession planning. A regular commentator on incapacity law matters, Alan's written work has been referred to in judicial decision making. Of Alan's private client work, the Legal 500 notes that he "conveys complicated legal concepts with clarity and humour".

    He was previously a member of the legal staff at the Scottish Law Commission and currently lectures at the University of Strathclyde in property, trusts and charities. Alan has also tutored private client law at the University of Glasgow.

    Alan was a member of the Council of the Law Society of Scotland from 2007 to 2009 and the Society's Education and Training Committee from 2007 to 2012. He is currently a member of the Society's Charity Law and Mental Health and Disability Law Committees.