[privacy] SWIFT Broke Privacy Rules, Says Belgian Commissioner

["Fergie" <fergdawg () netzero net>]

Via OUT-LAW.com.

[snip]

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.

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.

[snip]

More:
http://www.out-law.com/default.aspx?page=7354

- ferg


--
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawg(at)netzero.net
 ferg's tech blog: http://fergdawg.blogspot.com/

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