European Data Protection Digest

MEPs Still Struggling with SWIFT

FINANCIAL PRIVACY—U.S. & EU

April 23, 2010

Members of Parliament continue to be concerned about proposals that would allow U.S. authorities to view European citizens' bank transfer data for counterterrorism purposes, reports V3.co.uk. The European Commission has revived negotiations on the so-called SWIFT deal, which was rejected by Parliament in February due in part to MEPs' data privacy concerns. This week negotiator Jonathan Faull said, "We go into this determined to negotiate an agreement which provides greater protection for the personal data of Europeans." MEPs have called for clearer language about citizens' rights over their data and have questioned why the data needs to be sent "in bulk."
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