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hello this is Peter kada-chan who Im the CEO and founder of get and Trust calm and of its parent firm Gatka and trusts compliance Associates LLC I am absolutely delighted to present this introductory training to you on FATCA and CRS this training assumes no knowledge of FATCA and CRS its for beginners nevertheless if you know quite a bit about FATCA in CRS you will no doubt benefit from this refresher course without further ado lets proceed with the rest of the presentation please remember that these materials are copyrighted theyre for your use and you can use them and view them as many times as you like but please dont share them outside of your firm well begin with an introduction to FATCA FATCA stands for the foreign account Tax Compliance Act its a US law that was passed in 2010 after a couple of delays it became effective on the 1st of July 2014 FATCA actually consists of five different parts however it is only part one increased disclosure of beneficial owners that most p