Tag Archives: Voluntary

Trade Associations publish voluntary guidelines and encourage market behaviours under PSD2

On 4 May 2018, UK Finance, the Financial Data and Technology Association, the Electronic Money Association and techUk have jointly published voluntary guidelines to increase customer protection around the practice widely termed as ‘screen scraping’, which is used in the … Continue reading

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IRS Offshore Voluntary Disclosure Program: How to avoid harsh FinCen 114 (FBAR) fines

If you own foreign assets, then you have certain US income tax filing rules that you must follow if the account balance in the account exceeds $10,000 (for instance the FinCen Form 114). The IRS filing requirement for foreign assets … Continue reading

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Offshore Voluntary Disclosure Program (OVDP) Closing in September

The OVDP commenced in 2009, and provided a mechanism for U.S. taxpayers who had not complied with various non-U.S. information disclosure and tax payments to square up with the IRS without risk of criminal prosecution, but at the cost of … Continue reading

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A court's standards of review of decisions that are the product of compulsory arbitration differ from its standard of review of decisions resulting from voluntary arbitration procedures

The standard of review mandated by CPLR Article 75 provides that an arbitration award may be vacated only on a showing of misconduct, bias, the exceeding of power, or procedural defects as set out in CPLR §7511(b)1 and where the … Continue reading

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United States Resolves Civil Claims That Philadelphia Cardiologist Billed Medicare For Unnecessary Stent Procedures After Voluntary Self-Disclosure

Vidya Banka, M.D., a cardiologist and former director of Pennsylvania Hospital’s cardiac catheterization lab, has entered into a civil settlement agreement with the United States to resolve allegations that he improperly submitted Medicare claims for unnecessary cardiac stent procedures.  Here … Continue reading

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