SWIFT Broke Privacy Rules, Says Belgian Commissioner
A European banking organisation broke privacy rules by allowing the transfer of citizens' transaction details to US authorities, the Belgian privacy protection commissioner has ruled. EU officials may appoint an independent auditor to investigate.More here.
The Society for Worldwide Interbank Financial Telecommunications (SWIFT) co-ordinates payments between financial institutions and has its headquarters in Brussels and offices in the US. The New York Times revealed in June that it had been passing details of European banking transactions involving the US to the US Government since the terrorist attacks in the US of 11th September 2001.
SWIFT has maintained that it acted legally but the Belgian Data Privacy Commission has said that privacy rules were broken.
posted by Fergie @ 10/03/2006 10:09:00 AM
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