Four years after rejecting a program to track terrorist financing over budgetary and data privacy concerns, the European Union is reconsidering the project following a string of deadly attacks in the United Kingdom and throughout the 28-nation bloc. The EU executive body, the European Commission, plans by summer to publish a delayed assessment of a new proposal to identify suspected terrorists and their financers by analyzing payment messages attached to cross-border funds transfers. Since 2013, the bloc has shifted between seeking an alternative system to the controversial EU-U.S. Terrorist Finance Tracking Program to planning for a complementary one that would...
Countries in the European Union should improve how they share financial intelligence, broaden their asset forfeiture laws and consider new legislation to fight the financing of terrorism, officials said Tuesday.
The European Commission will reapprove a controversial agreement to share data on terrorist financing with the United States despite criticism from EU lawmakers, according to an individual with direct knowledge of the matter.
American officials acted within their rights when barring a European investigator from reviewing an audit of how the two continents exchange data linked to terrorist financing, EU attorneys said Thursday.