Dean D. Paik, Director, Rogers Joseph O'Donnell to Speak at KC Event
New York, NY, November 19, 2015 --(PR.com)-- The Knowledge Group/The Knowledge Congress Live Webcast Series, the leading producer of regulatory focused webcasts, has announced today that Dean D. Paik, Director, Rogers Joseph O'Donnell will speak at the Knowledge Group’s webcast entitled: “Emerging Issues: Are You Prepared for the Upcoming FATCA Compliance Deadlines for Non-U.S. Financial Institutions? Live Webcast.” This event is scheduled for January 15, 2016 from 12:00pm – 2:00pm (ET).
For further details, please visit: https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/
About Dean D. Paik
Dean Paik is a co-chair of the White Collar Criminal Defense Practice Group at Rogers Joseph O’Donnell in San Francisco. He served as a top advisor to the Assistant Attorney General of the Tax Division U.S. Dept. of Justice from 2010 through 2013 and advised on a variety of civil and criminal matters including the Justice Department’s overseas bank account initiatives. He helped devise strategies and policies on the enforcement against banks bankers and account holders of the laws requiring the disclosure of foreign bank accounts including intergovernmental negotiations to resolve conflicts in bank secrecy laws so as to allow for the implementation of FATCA. He began his career as a federal prosecutor first in the Tax Division prosecuting federal tax crimes and then served as an Assistant U.S. Attorney.
About Rogers Joseph O'Donnell
Rogers Joseph 0’Donnell is a firm which provides litigation and advice services to a regional and national clientele, including large private and publicly held corporations The firm’s attorneys focus their practices in eight distinct areas of expertise: attorney liability and conduct, complex commercial litigation, retail industry trade regulation, white collar criminal defense including the reporting of overseas financial account and assets, government contracts environmental law, construction and labor and employment.
Attorneys in these practice areas not only specialize but integrate and draw upon the firm’s collective experience to ensure practical, concrete and cost effective solutions to the legal concerns of our clients We are committed to efficient staffing, use of the latest technological tools, and vigorous case management in order to provide clients with the most effective and highest quality legal services.
Event Synopsis:
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.
The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
For further details, please visit: https://theknowledgegroup.org/emerging-issues-are-you-prepared-for-the-upcoming-fatca-compliance-deadlines-for-non-us-financial-institutions-live-webcast/
About Dean D. Paik
Dean Paik is a co-chair of the White Collar Criminal Defense Practice Group at Rogers Joseph O’Donnell in San Francisco. He served as a top advisor to the Assistant Attorney General of the Tax Division U.S. Dept. of Justice from 2010 through 2013 and advised on a variety of civil and criminal matters including the Justice Department’s overseas bank account initiatives. He helped devise strategies and policies on the enforcement against banks bankers and account holders of the laws requiring the disclosure of foreign bank accounts including intergovernmental negotiations to resolve conflicts in bank secrecy laws so as to allow for the implementation of FATCA. He began his career as a federal prosecutor first in the Tax Division prosecuting federal tax crimes and then served as an Assistant U.S. Attorney.
About Rogers Joseph O'Donnell
Rogers Joseph 0’Donnell is a firm which provides litigation and advice services to a regional and national clientele, including large private and publicly held corporations The firm’s attorneys focus their practices in eight distinct areas of expertise: attorney liability and conduct, complex commercial litigation, retail industry trade regulation, white collar criminal defense including the reporting of overseas financial account and assets, government contracts environmental law, construction and labor and employment.
Attorneys in these practice areas not only specialize but integrate and draw upon the firm’s collective experience to ensure practical, concrete and cost effective solutions to the legal concerns of our clients We are committed to efficient staffing, use of the latest technological tools, and vigorous case management in order to provide clients with the most effective and highest quality legal services.
Event Synopsis:
With the Foreign Account Tax Compliance Act (FATCA) coming into effect this 2016, many U.S. and non-U.S. financial institutions (FIs) around the globe are struggling to establish due diligence system and infrastructure to be able to identify those who have U.S. tax liability. The focus has clearly shifted to compliance from entity classification and registration, which implies an increased pressure to non-U.S. entities. Official guidelines have been issued by non-U.S. jurisdictions to enforce FATCA compliance by the FIs within their corresponding reach.
The Cayman Islands has issued an updated User Guide with reporting and notification deadlines clarifying notification process with regards to Cayman FI sponsorships and nil return filing. Moreover, the deadline for 2015 year FATCA report of U.S. reportable persons is on May 31, 2016 while pre-existing account remediation completion, other than high-value accounts, is due on June 30, 2016. On the other hand, the British Virgin Islands’ (BVI’s) International Tax Authority (ITA) has also issued its updated FATCA Guidance Notes. Changes in the Guidance Notes include the extension of the 2014 reporting submission.
About The Knowledge Group /The Knowledge Congress Live Webcast Series
The Knowledge Group was established with the mission to produce unbiased, objective, and educational live webinars that examine industry trends and regulatory changes from a variety of different perspectives. The goal is to deliver a unique multilevel analysis of an important issue affecting business in a highly focused format. To contact or register for an event, please visit: http://theknowledgegroup.org/
Contact
The Knowledge Group
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Thomas LaPointe, Jr., Executive Director
1.800.578.4370
www.theknowledgegroup.org
Therese Lumbao, Director
Account Management & Member Services
tlumbao@knowledgecongress.org
Contact
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