International Offshore Trust and Wealth Services

	Thomas G. Kennedy Director, Compliance THE CITIGROUP PRIVATE BANK US Private Banking & Tailored Portfolio Group CCO, Global Hedge Strategies, LLC New York, New York
	Frederick Yorke Member CITIGROUP TRUST FIDUCIARY ADVISORY COUNCIL Tome River, New Jersey

Do you have a global program for cross-border compliance and risk management? This session will cover some of the key risks for financial institutions engaged in global trust and wealth services. Topics to be covered include: sales practices (e.g. do you have your rules of engagement?); decisions on whether to provide advice (e.g. on asset protection and tax) or simply provide services; tax withholding and reporting obligations of your bank (because mistakes can be costly); the onshore/offshore debate around where the client's assets are held; contingency plans/exit strategies around unstable markets; AML/KYC risks associated with multi-jurisdictional sales and servicing/administration activities for accounts; and key US regulatory obligations for multinational players.

Click here for speaker biography - Thomas G. Kennedy

Click here for speaker biography - Frederick Yorke

Click here for PowerPoint presentation

No other session materials are available