Trust Training Certificate (TTC) - Unit 6: Trusts and Compliance

Trust Training Certificate (TTC) - Unit 6: Trusts and Compliance

Full

Overview

This is Unit 6 of the training programme in pursuing the "Trust Training Certificate".

It provides an overview of the rules and regulations apply to trust companies (professional trustees) and the current compliance and reporting environment, including AML, which apply to Trusts.

For the topics to cover, please refer to the content section below.

If the participant is intended to pursue the "Trust Training Certificate", he / she is required to take "TTC Unit 1: Types of Trusts" and "TTC Unit 2: Types of Trusts and When Appropriate" prior to attending this course.

Content

Compliance, AML, Legislative rules and how they apply to trusts

1. Current HK legislation and regulations on trustee companies:

- Registered Trust Company
- New legislation / licensing requirements for trust companies
- Shareholders and directors Fit & Proper criteria
- UBO registers

2. Applications of FATCA and CRS to trust structures and the Trustee’s responsibility
3. Classifications of Trusts under FATCA/CRS
4. Requirements for AML & client due diligence (“CDD”)
5. Due diligence and source of funds (“SOF”) required
6. What SOF is sufficient?
7. What will be reportable in 2018 under CRS?

Who should attend

This course is primarily targeted to those who would like to pursue the "Trust Training Certificate" in order apply for the Hong Kong Trustees' Association Certified Trust Practitioner™ ("CTP") designation and those who would like to apply for the Experienced Practitioner Exemption in awarding CTP 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 into the Trust industry sector.

Speaker/Course Instructor

Christiaan DE BRUYN
Christiaan De Bruyn is the currently the Director of Trust Services at Trident Trust Company (HK) Limited. He is a CPA registered in Hong Kong, the UK and South Africa. He has worked in financial services for more than 30 years in a career spanning Europe and Asia, including almost 20 years in the trust industry. Christiaan holds the STEP Advanced Certificate in Family Business Advising, which he completed with distinction.

Details

Code
TQRCR19006203
Date & Time
Wednesday, 30 Oct 2019 (6:00PM - 9:00PM)
Venue
HKSI Institute Training Centre
Language
English
Level
Introductory
Hours
SFC:3.00, PWMA:3.00, LawSociety:2.50