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EU May Allow US To Keep Snooping On European Bank Data

Posted by kdawson on from the security-one-privacy-zero dept.

zaphod2 alerts us to a storm brewing in Europe over access by US intelligence agencies to EU banking data. There is considerable opposition in Europe to extending this access. The submitter adds, "I wonder how long it takes until gambling, online games, or non-RIAA-approved music shops are considered supporters of terrorism." "US anti-terror officials want to be able to continue examining Europeans' financial transactions, and it appears likely that the European Union is going to comply. ... The US has been examining transactions handled by the Society for Worldwide Interbank Financial Transactions (SWIFT) since the 9/11 attacks... However, SWIFT, which is located in Belgium, is planning to move its servers and database — which is currently located in the US — to Europe. With data privacy laws far stricter in Europe, the US would then need permission from the EU before it could gain access to this sensitive information."

2 of 206 comments (clear)

  1. Most insightful comment I have ever read on /. by mister_playboy · · Score: 0, Offtopic

    I'm fairly new here... but I'm being serious.

    --
    Do what thou wilt shall be the whole of the Law ::: Love is the law, love under will
  2. Re:U.S. government invades and bombs for profit. by mdwh2 · · Score: 0, Offtopic

    Remind me of the billions spent per day in Iraq - and you blame it on helping people who need hospital treatment?

    And money spent on national healthcare means less needs to be spent on private healthcare and insurance - so it doesn't mean that more is spent overall, it's just spread around differently.