PL&B International E-news, Issue 50
1. EU stops banks sending data to USA
The EU's Art. 29 Data Protection Working Party (consisting of the 25 member states's Data Protection commissioners) has told European Banks and SWIFT, which handles international money transfers, to stop complying with US Treasury subpoenas to hand over customer information. It has also told European banks that they must tell customers who make SWIFT transactions that information about them may be handed over to the US. This uncompromising decision was announced last Thursday, November 23rd, but there had been no US reaction by last night.
There will be a fuller report in December's Privacy Laws & Business International Newsletter. Click here for further information about subscribing to the international newsletter.
Copyright Privacy Laws & Business 2006