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Ethical conundrum

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?

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

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No

NO EXCUSES

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Answer pls

I wud say no in exam but wud not sure

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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

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disclose

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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.

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no disclose comply with local law

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im with no disclose for exactly the reason Kwon said

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My answer is disclose.

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

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