MEPs: SWIFT Transfers Have Been "Rubber Stamped"
PRIVACY LAW—EUMarch 17, 2011
The European Commission is due to publish its six-month review of the SWIFT agreement today. Members of the European Parliament have criticized the bank transfer data sharing deal between the European Union and the U.S., Sofia Echo reports. The SWIFT agreement allows the U.S. to access details of European bank transactions to be used in the effort to fight terrorism. Since the agreement took effect six months ago, the U.S. has made four data transfer requests to oversight body Europol that Civil Liberties Committee MEPs say have been "rubber stamped," citing that the requests were too general and abstract "to allow Europol to check whether they meet EU data protection standards."