Report: Data agency broke privacy laws
published at Business Week, November 23, 2006
By CONSTANT BRAND
BRUSSELS, Belgium
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.
The panel's report calls on SWIFT, financial institutions and EU authorities to "take the necessary measures" to end the transfer, which it said contradicts Belgian and EU data protection rules. SWIFT is still transferring data under U.S. subpoenas.
Read full article at Businees Week
By CONSTANT BRAND
BRUSSELS, Belgium
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.
The panel's report calls on SWIFT, financial institutions and EU authorities to "take the necessary measures" to end the transfer, which it said contradicts Belgian and EU data protection rules. SWIFT is still transferring data under U.S. subpoenas.
Read full article at Businees Week
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