About the course
In view of the professional-critical attitude expected of an experienced trust officer, the training will also pay attention to ethics and integrity. The knowledge imparted is primarily focused on the understanding of structures and transactions to enable systematic risk management within the trust office. After all, the work of the trust office not only consists of fulfilling administrative obligations but also extends to other obligations, such as tax obligations. Trust officers must therefore be able to discuss and think at a level with external advisors (accountants, tax specialists, lawyers) and engage them when necessary.
Program
Module 1 – Compliance part 1
• Role as Gatekeeper
• SIRA
• CDD
• WTT
• WWFT
• Reporting unusual transactions
Knowledge: The responsibilities and tasks of a trust officer in general (based on the relevant laws). Practice: Guidelines on how to identify and mitigate integrity risks.
Module 2 – Compliance part 2
• Transaction monitoring
• Supervision by DNB
• Theme investigations
• Review by DNB
• Relationship to taxation
Knowledge: What are the important issues regarding transaction monitoring. What are the consequences of reporting and not reporting. Practice: How to determine whether a transaction needs to be reported. What to do and how to react in case of investigation by the (testing) policy makers.
Module 3 – Directors Liability
• Civil liability
• Directors’ tax liability
• The most common liabilities
• Relevant liability risks
• Criminal consequences
• Methods to arm yourself
• Recent case law, literature and state of the law
Knowledge: What kind of liabilities are relevant. How can these liabilities occur. Practice: How to mitigate these liabilities.
Module 4 – Ethics
• Integrity
• Meaning individual
• Core values organization
• Characteristics of organization with integrity: risks and opportunities
• Professional responsibility
• Thinking and acting ethically
• Dilemma analysis
• Justifying decision: values and arguments.
Knowledge: Why ethics is especially important for trust offices. Practice: How to comply with (the) rules despite the fact that they are not always written down.
Module 5 – Tax Issues
• Definition of profit
• Participation Exemption
• Interest deduction
• Loss compensation
• Fiscal Unity
• CFC Legislation
• Dividend Withholding Tax
Learning objective: What tax rules and regulations are relevant to trust companies? Practice: How to comply with these rules.
Module 6 – International Tax
• Application
• Tax Treaties
• Substance
• European Taxation
• Anti-Tax Avoidance
• MLI
• BEPS
• Tax Authorities
Learning objective: What international laws and regulations are important for trust offices? Practice: Awareness of the international playing field.
Module 7 – Accounting
• How to prepare, review or audit financial statements
• How to keep proper records
• Transparent reporting
• Risks in practice
Learning objective: Important rules and regulations related to filing the annual financial report. Practice: What red flags there are and how to detect them.
Module 8 – Risk Management
• Legal Tax
• Legal Compliance
• Risk Analysis
• Dilemmas in practice
Learning objective: How to identify, manage and mitigate risks that may arise. Practice: Large case study on risk management. Each participant is given a role and must see that all parts are applied.
Exam via MS Teams (Date in consultation)
Surveillant from 3 Masters Opleidingen
Target Audience
Starting trust officers without in-depth knowledge of the industry. Holland Quaestor expects all newcomers to the industry to have passed the mandatory BOTO 1 exam within 2 years after their starting date.
Result
The Basic Opleiding Trust Officer 2 course is targeted for experienced employees of trust offices and must have at least 3 years of relevant work experience. Candidates perform an integrity-sensitive function at a trust office within the meaning of the Trust Offices Supervision Act (WTT). They are in charge of relationship management and, independently or not, in moving up the Trust Officer line to a (future) proxyholder.
Planning
6 September 2024 – Compliance (part 1)
13 September 2024 – Compliance (part 2)
20 September 2024 – Tax Issues
27 September 2024 – International Tax
4 October 2024- Directors Liability
9 October 2024 – Ethics
18 October 2024 – Accounting
25 October 2024 – Riskmanagement
Timetable: 9:00 – 13:00