Thursday, October 05, 2006

EU Privacy Chief Slams Central Bank Over SWIFT Claims


The European Data Protection Supervisor has criticised the European Central Bank for failing to take action to stop a Belgian banking company from sending European transaction details to US authorities.

The ECB lacked initiative and moral leadership in its actions after finding out that data was being transferred, said the Supervisor. His office said that the ECB had known about the transfers since February 2002.

More here.


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