News

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...