EU Rejects Agreement with U.S. to Share SWIFT Bank Data

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Thursday, April 1, 2010
Author: 
Bruce Zagaris
Volume: 
26
Issue: 
4
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...