EU wants to expand anti-terror data deal with US
The European Commission wants to give U.S. anti-terror investigators access to European operation centers run by bank transfer consortium SWIFT, EU spokesman Michele Cercone said. The consortium set up by member banks is responsible for the collection and relay of more than 11 million financial transactions daily between banks and other financial institutions worldwide. Cercone told reporters that widening a 2007 EU-US data protection deal would help strengthen preventive measures to stop the transfer of funds between known terror groups and suspects.
Note EU-Digest: there are certainly better ways of controlling the transfer of funds by know terrorist groups than tapping into everyone's banking account information, which is against privacy laws in the European Union.
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