Although howls of protests have been raised, European Union foreign ministers meeting in Brussels on Monday were expected to give the green light for further negotiations between the EU and the US on providing bank details to American authorities in terrorism investigations. […] In fact, the US has already had access to European banking information…
Tag: SWIFT
German politicians protest EU plan to share bank data
German politicians and government officials have reacted angrily to a plan by the European Commission to renew an agreement with the United States, which gives anti-terror officials’ the ability to scrutinize the banking activities of European citizens. The oversight occurs through the Society for Worldwide Interbank Financial Transactions or SWIFT, which handles millions of transactions…
EU wants to expand anti-terror data deal with US
EU officials said Monday they are seeking to expand an anti-terror data sharing deal with the U.S. Treasury. The European Commission wants to give U.S. anti-terror investigators access to European operation centers run by bank transfer consortium SWIFT, EU spokesman Michele Cercone said. The consortium set up by member banks is responsible for the collection…