Ethical conundrum activities, standards, country, foreign, manager

adehbone

You are a US asset manager based in a foreign country where local law prevents disclosure of client confidential information by financial institutions. US authorities suspect one of your clients of illegal activities and ask you for confidential information about this client. You provide the US authority what they have asked for. Are you in compliance with CFAI codes and standards?

liangfeng

no because he must comply with the stricter of CFAI standards and local law which in this case in the local law.

oneboy

No

NO EXCUSES

zwjy

Answer pls

I wud say no in exam but wud not sure

IAmNeil

looks like a conflict between local and foreign ( US ) law, not a conflict with CFAI standards at all. Go with local i.e. do not disclose

liangfeng

disclose

Analyze_This

It is true that you have to comply with the more strict law. In this case the US law is stricter. I would say, you should disclose.

Windjammer

no disclose comply with local law

Valores

im with no disclose for exactly the reason Kwon said

Zestt

My answer is disclose.

CFASniper,
It would be nice if you can answer to this