EU Rejects Agreement with U.S. to Share SWIFT Bank Data
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Author:
Bruce Zagaris
Date Published:
Thursday, April 1, 2010
Volume:
26
Issue:
4
Subject Areas:
Bank Secrecy
Crimes
European Union
Evidence Gathering
Financial Crimes
Financial Supervision
International Cooperation
International Crimes
Privacy
Securities Law
Geographic Identifier:
European Union
Europe
France
United States
Abstract:
On February 11, 2010, at a meeting in Strasbourg, France, the European Parliament voted 378 to 196 to reject an agreement between the United States and European Union that would have enabled U.S. authorities to have access for the next nine months to portions of vast databases of financial transactions maintained by Society for Worldwide Interbank Financial Transactions (SWIFT), the company the conducts almost all international bank transfers...more...