November 25, 2006

S.W.I.F.T. Violated EU Privacy Dictates [6:24 pm]

Panel Says Bank Group, Aiding U.S., Broke Law

A report by an EU panel released Thursday said the bank data transfer agency SWIFT broke European privacy laws by handing over personal data to U.S. authorities for use in anti-terror investigations.

The Belgian-based company, the Society for Worldwide Interbank Financial Telecommunication, “committed violations of data protection laws” by secretly transferring data to the United States, without properly informing Belgian authorities, the EU’s data protection panel said.

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