Foreign Account Tax Compliance Act (FATCA) & Common Reporting Standard (CRS) Updates

ABOUT THE PROGRAMME

The regulatory landscape for tax transparency is rapidly evolving, requiring increasingly technical and data driven compliance obligations under FATCA and CRS to be addressed by financial institutions. Recent developments, including CRS 2.0, the adoption of CRS XML Schema Version 3.0, and updated FATCA reporting expectations, signal important changes to reporting frameworks. These developments reflect a shift toward more granular reporting, enhanced due diligence, and greater accountability in how client information is captured, validated, and monitored. Guidance issued by the Organisation for Economic Co-operation and Development (OECD) on the CARF broadens the scope of tax transparency reporting to include digital assets, requiring the understanding of how crypto activities intersect with existing CRS obligations. Regulators are correspondingly intensifying their review of governance, documentation, and operational readiness. Audit and enforcement focus by IRBM underscores the need for defensible procedures, accurate entity classification, and robust remediation processes, highlighting the importance of strong internal controls and clear procedural documentation.

This programme delivers a structured and practical update that combines regulatory interpretation with real-world application, covering onboarding complexities, change in circumstances management, CARF readiness, audit insights, stockbroking and investment banking specific considerations, equipping participants with technical guidance and compliance strategies to strengthen compliance frameworks to manage FATCA and CRS obligations.

LEARNING OUTCOMES

• Explain the requirements and updates of FATCA and CRS to ensure accurate compliance and reporting;
• Discuss the key updates and compliance considerations under CRS 2.0 and CRS Extensible Markup Language (XML) Schema Version 3.0;
• Analyse the requirements of the Crypto-Asset Reporting Framework (CARF);
• Assess the key focus areas of Inland Revenue Board of Malaysia (IRBM)’s FATCA and CRS audits to enhance readiness and response strategies; and
• Review FATCA and CRS implications on investment banking and stockbroking companies.

WHO SHOULD ATTEND

• Compliance, Legal & Operations Officers
• Risk Management Practitioners
• Investment bankers & Asset Managers
• Individuals interested in FATCA and CRS

SPEAKER
Chew Meng Keat
Senior Manager, Financial Services, Tax
Ernst & Young Tax Consultants Sdn Bhd

VENUE
Bangunan AICB, Kuala Lumpur

FEE
MIBA Member : RM2,100.00 per participant
Non-MIBA Member : RM2,300.00 per participant
*10% discount applies for group registration of 5 or more from the same organisation

The closing date for the registration is on Wednesday, 15 April 2026.

TERMS AND CONDITIONS

Payment
Full payment to the following bank account is required with registration, at least one (1) week prior to the date of the programme :
Pay to: MALAYSIAN INVESTMENT BANKING ASSOCIATION
Account No: 39500115355
Bank Details: Hong Leong Bank Berhad
Please e-mail payment advice to ipay@miba.com.my and state the Invoice No.

Cancellation / Substitution
Cancellations or refunds within one (1) week from the date of the programme will NOT be entertained. Non-attendance does not constitute cancellation and no refund will be given. Substitute(s) will be accepted provided forty-eight (48) hours prior written notice is received.

Data Protection
Personal data is gathered in accordance with the Personal Data Protection Act 2010 (Act 709).

Disclaimer
MIBA reserves the right to change the date, speaker, course contents and programme or cancel the programme in the event of circumstances beyond our control.

For more queries, kindly email education@miba.com.my or contact us at +603-27113991.