The people v. confidentiality. (legal aspects of bank record disclosure)

THE PEOPLE v CONFIDENTIALITY

THE PEOPLE v CONFIDENTIALITY

You are the manager of the New York branch of a non-US bank. A grand jury subpoena — a court order requiring the production of documents or the appearance of a witness — is served on your requiring the bank to divulge records of a customer’s account. Apparently the customer is suspected of an offence like insider trading — dealing in shares on a US stock exchange on the basis of non-public information.

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