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You are a president of a state bank in Maine. The Ministry of Finance in China passes a law requiring all banks in the world

You are a president of a state bank in Maine.  The Ministry of Finance in China passes a law requiring all banks in the world discover any Chinese citizens with accounts at their banks (which requires all customers to provide their passports before opening any account) and report their names to their government.  



Should the federal government of the United States require you comply?  



If you went to work for a bank in Australia, do you think you should comply with FATCA?

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