[privacy] EU Banks to Inform Clients that Personal Data Could be Given to U.S. A uthorities

["Fergie" <fergdawg () netzero net>]

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Via The Malta Independent Online.

[snip]

An EU working party looking into the SWIFT – US financial transaction
privacy scandal has found that all European banks using the SWIFT service
must inform clients that US authorities could be given access to their
personal, banking and financial data as a result.

The so called "Article 29 Working Party" also found that any European bank
using the Society for Worldwide Interbank Financial Telecommunication
(SWIFT) for financial transactions also shares culpability, to varying
degrees, for the wide-scale compromising of personal data and banking
details.

Belgium-based SWIFT is a worldwide financial messaging service that
facilitates international money transfers. Millions of European banking
transaction records, including Maltese, on the SWIFT database were found to
have been secretly passed over earlier this year to US intelligence
agencies – specifically the US Treasury Department (UST) and the Central
Intelligence Agency – since 2001.

[snip]

More:
http://www.independent.com.mt/news.asp?newsitemid=42551

- - ferg

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--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/

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