Central Banking

SWIFT broke laws - EU committee

SWIFT, an international financial data transfer agency, breached European data privacy laws in handing over personal data to American investigators, according to a report by a European Union committee.

The report states: "SWIFT committed violations of data protection laws by transferring data to the US." It recommends that SWIFT and financial institutions must immediately take the necessary measures to end this illegality." The EU committee lacks any enforcement powers over such matters and an

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: