Weekly Roundup: Negotiations Inch Ahead on Terrorist Tracking Program, Italy Says 500-Euro Bills Are Launderers’ Favorite, and More

Negotiations between the United States and the European Union over how to exchange financial data pertinent to terrorism investigations took a step forward Friday after the European Union adopted a mandate allowing the European Commission to negotiate with U.S. officials. The move clears the way for an agreement on how and when interbank data from the Belgium-based Society for Worldwide Interbank Financial Telecommunication (Swift) will be made available to U.S. investigators. In February, the European Parliament struck down an interim agreement that would have codified informal data sharing by Swift with U.S. investigators. The council mandate stipulates that the EU...