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Despite Criticism, EU Report Finds United States Abiding by Data Sharing Agreement
By Colby Adams and Brian Monroe
printA report published by the European Commission on Thursday found that U.S. officials have abided by all data-security provisions contained within a controversial transatlantic bank-data sharing treaty. The Terrorist Finance Tracking Program (TFTP) agreement, which was finalized in August after years of political wrangling, allows U.S. access via targeted request to intra-European financial messages stored by the Brussels-based Society for Worldwide Financial Telecommunication, or Swift. U.S. implementation of the agreement "is scrupulously managed in accordance with a set of effective safeguards, some of which go beyond what is required under the Agreement," the report concluded. But the positive tone of...
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