Smartenu Up Institute

Full Fat FATCA

6 IIROC Compliance credits

This course is designed to provide a comprehensive understanding of Foreign Account Tax Compliance Act or FATCA. The Full Fat on FATCA follows the FATCA Lite course to delve into greater detail to help prepare firms for their upcoming implementation of FATCA policies and procedures.

This course includes a thorough examination of the FATCA’s key provisions, FATCA’s vocabulary, key roles and responsibilities for FATCA compliance. This course will also cover the relevance of the intergovernmental agreements and outlines the registration of Financial Institutions on the IRS FATCA portal. The course material will provide a step by step approach to FATCA compliance including helpful links, clear definitions and specific task lists.  

You may commence taking your online course upon confirmation of payment.  The confirmation will also include your username and password to enter the online classroom.  

You can start immediately or you can come back at a later time to complete the course.

Once you start the exam portion of the course you must continue to the end. You will not be permitted to navigate back to previous pages.

This course should be of particular interest to:

  • Investment and financial firms' front office, back office, compliance, IT, licensed staff
  • Investment firms' counter parties at banks
  • Employees of regulatory agencies
  • Institutional client personnel
  • Industry vendors' employees
  • Persons presently outside the industry looking to increase specific financial knowledge or seek entry to the industry


FATCA LIte and Anti-Money Laundering are recommended.

After completing this FATCA course you will:

·        Understand the current impact and potential future development of FATCA

·        Learn tools to strategically incorporate new procedures into your existing compliance program

·       Gain firsthand knowledge from an industry expert start planning for FATCA implementation on July 1, 2014.

·        Discover strategies and best practice to easily comply with key provision of the Act


The Full Fat FACTA course is divided into two sections. The first expands into more detail the topics introduced in FATCA Lite. The second section gets into the compliance aspects of FATCA.

Section 1
Lesson 1: IGAs….Making FATCA Easier – this lesson goes into the details of what an Intergovernmental Agreements is and Canada’s position and timelines.
Lesson 2: Who is responsible for FATCA COMPLIANCE?
Lesson 3: When do you have to comply?
Lesson 4: Key questions to ask regarding FATCA

Section 2
Lesson 5: Trading and FATCA
Lesson 6: FATCA Due Diligence
Lesson 7: Opening New Individual and New Entity Accounts
Lesson 8: FATCA Classification of Entities
Lesson 9: Options for FATCA Compliance
Lesson 10: IRS Portal Registration and GIIN

Course Reading Material
There will be reading material and reference links to help your understanding of FATCA.

On-line Exam
At the end of the on-line course, you will complete a Knowledge Test to confirm your understanding of FATCA.

Course Code: CEC10