[privacy] SWIFT Sides With U.S. in Data Spat With EU

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

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Via El Reg.

[snip]

The Belgian firm stuck in the middle of a transatlantic spat over the US
infringement of civil liberties by the agents of its war on terror is
throwing its lot in with the Americans.

In open defiance of European privacy officials, the Society for Worldwide
Interbank Financial Telecommunication (Swift), has declared that it has
applied to the US Federal Trade Commission (FTC) for 'safe harbour'
protection for the data it holds on US soil.

Swift had handed data containing the details of private international
financial transactions to US terrorist finance investigators under a secret
arrangement since late 2001. Since the transfers came to light last June,
Europe's data protection authorities have declared that Swift is a data
controller and, as such, it should take responsibility for the privacy of
the data it administers for its banking clients.

Swift claims it is not a controller, but a mere processor and cannot be
held responsible for what European authorities say is the illegal transfer
of data to US Treasury agents.

[snip]

More:
http://www.theregister.co.uk/2007/02/24/swift_safe_harbour/

- - ferg

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--
"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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