An expected strengthening of data privacy standards in Europe and elsewhere could hinder efforts by multinational banks to share information on suspicious clients with their foreign affiliates, say current and former U.S. officials.
European Union justice ministers agreed Friday on guidelines for the sharing of personal data among law enforcement agencies and European courts, giving European citizens greater assurances of privacy in terrorism and criminal cases.
The case involves the conviction of a man in Texas on money laundering charges for attempting to smuggle more than $83,000 in cash into Mexico, according to court documents. It is the only case this month that U.S. justices have agreed to hear, according to the Supreme Court's Web site.
The Fatah-run Palestinian government, which is vying with Hamas for the control of the divided Palestinian territories, is drafting measures to counter money laundering by its rival, but compliance experts say the effort is mere "window dressing."
print